Connect with us

Buzz

5 ways to make the most out of your MBA program

Editor

Published

on

Most prospective candidates typically calculate their return on investment (ROI) of their MBA degree before venturing into it. However, while looking through the figures and equations that are typically centred around life after graduation, many people overlook the returns that exist even while still working through the program.

While these returns are not typically financial in nature, they may still be responsible for impacting your financing or improving the quality of your in other non-financial ways.

Here are some benefits of an MBA to consider while beginning your program that would guarantee you instant ROI while still in school.

1.  Advancement in your career prior to graduation

For quite a number of MBA students, they still continue to work either full-time or part-time jobs while earning their degree. However, these set of students are likely to begin getting early returns from their MBA program.

Students can begin applying what they’ve learnt in the classroom in real business world scenarios and the sooner you begin doing this, the earlier you’d reap the financial benefits from your business.

Bachenheimer, a clinical professor of management at Pace University’s Lubin School of Business in New York City, noted that an MBA provides project-based learning activities that allow students to practice solving real business problems.

“An MBA can be much more than the knowledge and skills acquired through coursework; it can truly expand you and your world,” he said in a report.

For example, while applying the knowledge acquired from your MBA classes to your current job, you could earn yourself a raise or a promotion from your current employer—giving you a more lucrative financial position while still studying.

2.  Improves your time management and prioritization skills

As an MBA student, it is important to learn strategic prioritization which is a critical soft skill and integral element of every MBA coursework. However, it also has practical applications which can be extended to your personal and professional life.

Many MBA students juggle a lot of time-consuming but yet critical commitments in addition to their coursework—be it a full or part-time job, family, internship, relationship, volunteer work, social calendar or an organized team sport.

Therefore, learning prioritization is important to not only your degree but to your range of personal commitments.

3.  Access to career support services

One obvious way to impact your MBA’s financial ROI is to take advantage of the services offered by your institution to potentially secure a more lucrative job title and salary.

Taking advantage to these career support services offered by your school strengthens your position as a job seeker even before you graduate as you’d have a better resume, cover letter, networking and interview skills to land the job of your dreams.

According to SFGate, earning a better position and higher salary are the two key reasons prospective MBA students decide to pursue the degree. Therefore, apart from giving students the required hard and soft skills needed to excel in the business world, some MBA programs offer services that help its students secure better opportunities.

For example, with the need for data scientists on the rise, enrolling in an online data science masters program not only gives you the required skills to excel as a data scientist but can help you secure a role in a prestigious organization.

4.  Grow your professional network

This is one advantage that cannot be overemphasized as your fellow students are most likely among the foundational members of a growing list of an invaluable professional network.

It is important to follow up with business connections at your school—be it, teachers, students, visiting faculty or guest speakers—as the connections you make during your MBA program can last a lifetime and lead to personal or work changing opportunities.

During your time as a student, offer assistance—and equally, accept it from—your fellow students as doing this establishes and nurtures relationships even before you graduate.

Apart from students, the professors and faculty working within your MBA program can also be important members of your professional network. They can provide their expertise and a long list of career-related experiences you may need during an exam, business meeting, or product pitch.

The more time you invest in building a professional network while still in school, the more value and higher ROI you’d get from your MBA program.

5.  Acquiring better listening skills

Being able to not just hear the words someone says but understanding the sentiments and context behind them is one the most sort after and invaluable skill sets across industries.

Listening is a fantastic way to strengthen your critical thinking, making you become a more intuitive thinker and a faster problem solver.For example, good listening skills can be the distinction you need to stand out from other candidates during a job interview as you’d be able to clearly interpret and answer the questions directed at you.

Therefore, it is important to hone your listening skills during in-class discussions, team meetings, job interviews and when pitching ideas to classmates during group projects.

Though this benefit is hard to quantify in terms of figures, it is a great way to attain your desired ROI while still studying.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Buzz

Ottawa announces new funding to combat online child abuse

Editor

Published

on

By

Ottawa has announced $22 million in funding to fight online child abuse.

Noting that police-reported incidents of child pornography in Canada increased by 288 per cent between 2010 and 2017, Public Safety Minister Ralph Goodale made the announcement Tuesday.

It follows a London meeting last week that focused on the exploitation of children between Goodale and his counterparts from the United States, Britain, Australia and New Zealand, collectively known as the Five Eyes intelligence group.

Major internet companies, including Facebook, Google and Microsoft, were also at the meeting and agreed to a set of rules the members of the group proposed to remove child pornography from the internet quicker.

On Tuesday, Goodale warned internet companies they had to be better, faster and more open when in comes to fighting child abuse on line.

In this Friday, Jan. 12, 2018 photo, detectives use the Cellebrite system to extract information from cellphones at the State Police facility in Hamilton Township, N.J. “Operation Safety Net,” the results of which were announced in December, netted 79 people suspected of exploiting children. (Thomas P. Costello/Asbury Park Press/Canadian Press)

“If human harm is done, if a child is terrorized for the rest of their life because of what happened to them on the internet, if there are other damages and costs, then maybe the platform that made that possible should bear the financial consequences,” Goodale said.

The government plan includes $2.1 million to intensify engagement with digital industry to develop new tools online and support effective operating principles, $4.9 million for research, public engagement, awareness and collaboration with non-governmental organizations and $15.25 million to internet child exploitation units in provincial and municipal police forces across the country.

Goodale said the strategy recognizes that technology is “increasingly facilitating the easy borderless access to vast volumes of abhorrent images.”

That, he said, makes investigations increasingly complex,

“This is a race where the course is always getting longer and more complicated and advancing into brand new areas that hadn’t been anticipated five years ago or a year ago or even a week ago,” Goodale said.

Continue Reading

Buzz

Gas prices expected to dip in Ottawa

Editor

Published

on

By

If you can wait an extra day to fill up the gas tank, your bank account might thank you.

Roger McKnight of Enpro is predicting a five cent dip in gas prices Wednesday night at midnight.

This comes after a four cent drop this past Friday, just ahead of the August long weekend.

McKnight said the reason for the drop, both last week and this week, is due to comments made by US President Donald Trump. 

He says after the drop, the price will be, on average, 118.9 cents/litre in the Ottawa region.

Continue Reading

Buzz

Oka asks Ottawa to freeze Mohawk land deal, send RCMP to Kanesatake

Editor

Published

on

By

The town of Oka is asking the federal and provincial governments to slap a moratorium on a proposed land grant to the local Mohawk community in Kanesatake and to establish an RCMP detachment on the First Nations territory to deal with illegal cannabis sales outlets.

The requests were contained in two resolutions adopted Tuesday night by the Oka town council.

The administration of Oka Mayor Pascal Quevillon held its first public meeting since the start of the controversy that pitted the town council against the Kanesatake band council over a decision by a local promoter to give local lands to the Mohawk community.

The three resolutions are addressed to Prime Minister Justin Trudeau’s government, Quebec Premier François Legault’s government and the Kanesatake band council led by Grand Chief Serge Otsi Simon.

As each resolution was read into the record, Quevillon stressed that the town of Oka was only looking to live in peaceful cohabitation with the Mohawk community.

The town also called upon Ottawa to establish a consultation process that would take into account the concerns of residents in Oka and  Kanesatake.

Quevillon’s administration also wants access to the plans detailing what lands are at the centre of negotiations between the federal government and the Mohawk community for purchase, suggesting the talks are simply a disguised form of expropriation.

“They’re giving money to (the Mohawks) to buy our land and annex it to their territory,” Quevillon said.

Despite its demands, the Oka council adopted an official statement addressed to the Kanesatake band council saying the town’s population wanted dialogue and peaceful cohabitation, with Quevillon citing the 300 years of close links between the two communities.

During the council meeting’s question period, some residents suggested that the council deal with other groups that say they are speaking for Kanesatake, including Mohawk traditionalists. Mayor Quevillon replied that the town would only deal with the band council and did so out of respect for Grand Chief Simon.

The mayor also argued that the RCMP, a federal police force, was best suited to be deployed in Kanesatake, where it would ensure the law would be respected, particularly on the issue of illegal cannabis shops.

Quevillon contended such a deployment was the only way for both communities to work together toward their mutual economic development.

Meanwhile, the apology Grand Chief Simon has said he is expecting from Quevillon for remarks he made earlier this summer about the Mohawk community in Kanesatake does not appear to be coming any time soon.

Asked by a resident if he would apologize, Quevillon left the answer to those citizens who attended the meeting, the vast majority of whom replied, “no.”

Continue Reading

Chat

Trending