Foreign Business Schools: Education For Leaders
All graduates of business schools note invaluable benefits of getting contacts, which have grown into professional for many of them. Some of graduates even complained the average leader can hardly find good friends today, but education period is long enough to meet at least a dozen people to trust, and well as potential business partners.
MBA degree is the most obvious choice, when you need fundamental business education. However, if it is too long and expensive for you, look for alternative.
“Of course, MBA helps improving your managerial skills in general,” – said Michael Stanford, CEO of affiliate programs in IMD business school. – “But you might be interested in only one direction, for example, leadership or marketing.” Also, maybe you cannot afford losing your job for a year or two. And someone does not yet need taught disciplines – for example, bankers are already well aware of the course financial component.
Alternative programs are divided into two main categories – courses after which you obtain a diploma and courses without diploma. Those needing a degree should consider such options as a Masters in finance or marketing, or even a Master’s degree in public administration (Warwick Business School).
Courses offering no diploma are generally shorter (although they may take up to several months) and focus on one or two directions or constitute a sort of MBA concentrate.
Short business courses are chosen by those who received MBA 15 years ago and want to refresh knowledge. Or those who are 20 to 30 years and want to learn basic MBA provisions, without spending great effort and a lot of money.
Some courses, such as a four-week senior management program in Columbia Business School (worth $ 46,500) are focused on leadership and strategy. They are for people with extensive experience in business. “The age of participants ranges usually from 45 to 50, they have CEO positions or tend to occupy this position,” – says Paul Ingram, professor of Columbia Business School.
Marie Mukini, director of Sloan Master at Stanford University (which provides a master’s degree in management, program cost – $ 107,475), says: “Participants of the program are mainly people with significant work experience. In the U.S., people often get a bachelor’s degree and then come to business school. And these spheres are very different.”
According to Stanford, while teaching at a master’s degree is usually focused on development of individual student abilities, special courses can be created for needs of one company representatives and are intended to benefit the organization. This can help creating a circle of contacts, regardless of existing subjects and responsibilities students perform within the company.