Why take an MBA (Master of Business Administration)?

A Diploma in International Business and Management, the MBA (Master of Business Administration) is aimed at professionals – from all fields – who want to strengthen their careers, especially to move towards leadership positions.

The MBA is not a master like the others. Intended for professionals, this program is essentially designed to give a boost to their careers. Be careful though: in France, only 25 schools are accredited by the MBA Association (AMBA). This certification guarantees the quality of the program and its international recognition.

MBA, a general education to strengthen your career

“The MBA remains a general education,” warns Phil Eyre, director of MBAs at the Grenoble School of Management (GEM). This program takes basic subjects from business schools : finance, marketing, personnel management, accounting …

It therefore aims professionals specializing in other areas : engineers, lawyers, HR managers, even people with a less technical academic profile. Their common pointers: After at least three years of experience – this is the minimum required to integrate an MBA – they want to add a new dimension to their careers.

Thus, some MBA students strive to become leaders, others want to change path to join a career in international business, still others, already leaders, seek to enrich their managerial and commercial knowledge. “Many engineers, for example, do not have the basics of commercial or managerial professions“, Explains Kentia Boulay, Director of Global MBA at Essec.

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Choose between a classic MBA or an Executive MBA

Depending on the progress of their careers and their ambitions, graduates may choose either a traditional full-time MBA or prefer a part-time Executive MBAbetter suited to professionals who want to continue working while taking this training.

The second option is often preferred by more experienced professionals – over 40 – while the first option welcomes younger profiles. It is not necessary to already have a bac + 5 to participate in these programs: a bac + 4 or even a bac + 3 is enough.

To access these courses, you must undergo a selective admissions procedure specific to each institution. You will generally pass an online pre-selection, then a selection in the archive and finally interviews, often in English. Many schools also ask for letters of recommendation, leadership aptitude test (Take Mage, GMAT) and English test (TOEFL, TOEIC, IELTS, etc.)

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MBA, an international education

In the MBA, all courses are taught in English: an excellent level is therefore essential! The MBA has a very strong international dimension. Some programs have a very large majority of international students.

This diversity of profiles, both linguistic, cultural and professional, “is part of the MBA experience”, assures Kentia Boulay, who also emphasizes the importance of “coaching” and “networking” of the MBA. The lessons are not limited to lectures, but combine workshops, projects in connection with companies, intervention of professionals …

Ying Liu, at Essec, confirms: “Even though we are in school, we are not far from the professional world”. At the age of 33, with a university degree in foreign languages ​​used and six years in sales, she joined Essec’s Global MBA in September 2021. According to her, this degree is “more of a life experience than an exercise program “.

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Financing your MBA

On the financial side, the MBA is an extremely expensive education : counts at least 10,000 euros and up to more than 60,000 euros. Count at least 30,000 euros for a reputable MBA – branded by AMBA and ranked in the Financial Times. For these tuition fees on top of that comes accommodation and travel expenses on campus.

If some participants are “sponsored” by their company, they remain in the minority and the professional activity is often put on hold during the training, the issue of financing is predictable, especially since there are several ways to reduce the bill.

Depending on your profile, companies may offer scholarships, reduced tuition fees and negotiating bank loans at preferential rates. You can also use your CPF (personal training account) or use your savings … You can also choose a part-time MBA to continue working part-time.

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