A while ago, I had listed all the Universities offering MBA programs in Canada. Choosing the university where you will complete your MBA is important, but choosing the right MBA program is crucial. Things are not getting any easier as schools are multiplying the variety of MBA programs. So it is becoming extremely hard to choose the right MBA program for your need. Here’s how I made my choice:
Look at Where You Are in Your Career
Before looking at MBA programs, I think it’s important to look at where you are in your career and which career path you want to take. The choice of program will be determined not by what you are doing right now but more by what you want to do in the next 5 years. Are you looking to start your own business or manage an important department? In these cases, you would be better off with a general MBA program. However, if you are working in a specific field and you want an in depth knowledge while growing your network within the same field, an MBA specialization will be the best option.
MBA Program for Networking
If there is one thing I gained while doing my MBA is a huge network of professionals from several different companies. In my case, I decided to select an MBA program with a specialization as I wanted to stay in the same industry where I am right now. The decision was beneficial for my career as I know a lot more about the industry and my competitors. In fact, most of my network is outside of my current employer. Therefore, it helps me to stay informed of all the changes in the financial industry.
Choosing an MBA Program to learn a different dynamic
Another reason to choose an MBA program is to take one that is not in your field. If you choose this path, your program will be much harder for you (as most people take the MBA program in their specialization already). However, it will likely open doors to several opportunities for you as you will finish your MBA with strong experience in your business field, an important diploma plus knowledge in another business field. Some MBA programs can offer you a big jump in your career if you are looking to diversify your knowledge.
Final advice on choosing the right MBA program
Beyond all the advice I can offer about selecting the right MBA program, the most important is to pick a specialization that you love. If you don’t do your MBA program in something that motivates you already, you will find your ride pretty harsh. Since you will be working through the program for at least 18 months (you are better off doing your MBA program full time), it is very important to enjoy what you are doing!