James Cook University 2.56

November 2010 This report is commissioned by: Aventis School of Management,100 Orchard Road #04-100 www.aventis.edu.sg Articles and Research are contributed by: Edupoll.org , a division of Edugo Global LLC, a leading vertical portal for university education in the region with a reputation for attracting a highly-focused education-seeking audience with online audiences from over 80 countries Copyright Notice: You may not copy, reproduce, transfer, enter into a database, publish, distribute, publicly display, sell or offer for sale, or create derivative works from this document or use it in any way for any public or commercial purpose. For permission to use content from this document or reprints, please contact [email protected] Disclaimer: This report is intended for use as guide to obtain advice with regards to MBA and postgraduate courses offered in Singapore. It contains general information. Although Aventis and Edupoll endeavor to ensure that the content is accurate and up to date, no representation or warranty, express or implied, is made to its accuracy or completeness. The contents of this guide should not be construed as professional advice, or recommendation of any product or service offered by the companies providing such products or services. Aventis & Edupoll including its management and staff, disclaims liability for any loss, howsoever caused, arising directly or indirectly from the use and content of this guide All Rights Reserved 2010 TABLE OF CONTENT GETTNG READY MBA Overview ----------------------------------------------------------------------------------------------------------- MBA Programs in Singapore ------------------------------------------------------------------------------------------- To MBA or Not MBA ? -------------------------------------------------------------------------------------------------- GRADUATE PROSPECTS Asia Employment Outlook -------------------------------------------------------------------------------------------- NARROWING THE SEARCH • Accreditation Bodies ----------------------------------------------------------------------------------------- • International Universities Grouping --------------------------------------------------------------------- • 10 Simple steps to Select Business Schools ------------------------------------------------------------- 2009/10 RANKINGS Which Ranking? -------------------------------------------------------------------------------------------------------- Singapore MBA Rankings -------------------------------------------------------------------------------------------- HOW TO PAY? Financing of MBA and Education loans -------------------------------------------------------------------------- SURVIVING THE MBA Survival Tip 101 ------------------------------------------------------------------------------------------------------- DIRECTORY & INDEX Singapore Specialised Master Directory ------------------------------------------------------------------------- Singapore Graduate Diploma Directory -------------------------------------------------------------------------- Singapore MBA Directory ------------------------------------------------------------------------------------------- ABOUT US • Aventis School of Management -------------------------------------------------------------------------- • Edupoll.org --------------------------------------------------------------------------------------------------- GETTNG READY Origins of the MBA The Master of Business Administration (MBA) is a master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging in the late 19th century as the country industrialized and companies sought out scientific approaches to management. The main objective of the MBA was to introduce students to the various core aspect of business management such as accounting, marketing, human resources, operations management and corporate laws etc. The first graduate school of business in the United States was the Tuck School of Business, part of Dartmouth College. Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, specifically, a Master of Science in Commerce degree, the forebear of the modern MBA degree. In 1908, the Graduate School of Business Administration (GSBA) at Harvard University was established; it offered the world's first MBA program, with a faculty of 15 plus 33 regular students and 47 special students. The University Of Chicago Booth School Of Business first offered working professionals the Executive MBA (EMBA) program in 1940 Types of MBA programs Full Time MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). Classes are typically structured along semester/trimester basis and students enter take classes during weekdays like other university students at undergraduate levels. Whilst most full time MBA students possess working experience and a reasonable GMAT score, some business schools accept students without prior real-world work experience into their MBA program. Accelerated MBA programs are a variation of between one or two year programs. They involve a higher course load with more intense class and examination schedules. They usually have less "down time" during the program and between semesters. For example, there is no three to four month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation. Accelerated MBA are highly intensive programs and academically challenging. Part-time MBA programs normally hold classes on weekday evenings, after normal working hours, or on weekends. Part-time programs normally last between one to three years. The students in these programs typically consist of working professionals, who take a more structured programs where classes are conducted over weekends or weekdays evening. Part-time MBA is the most popular options for most working professionals. Executive MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA or another business-related graduate degree in two years or less while working full time. Participants come from every type and size of organization – profit, nonprofit, government — representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education. Distance learning MBA programs hold class’s off-campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non- interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many schools offer these programs. MBA with Concentration Students in some MBA programs have the option to select an area of concentration and focus approximately one-third of their studies in this subject. Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business education, and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specialized concentrations Dual MBA programs combine MBA degree with others (such as an MS or a J.D., etc.) to let students cut costs (dual programs usually cost less than pursuing 2 degrees separately), save time on education and to tailor the business education courses to their needs. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in four or five years. MBA TODAY Today, The MBA degree has been adopted by universities worldwide, and has been adopted and adapted by both developed and developing countries, today the 3 major education systems that offers MBA globally are from US, UK and Australia. WHY MBA Before signing up an MBA program, you have to be clear about your objectives for wanting to acquire an MBA qualification. Assess yourself based on the following questions: • Where do I stand today? • Where do I want to be in the future? • What skills are required for getting there? • Do I possess these skills? • How can an MBA help me acquire these skills? MBA END GAME Your objectives will help you to choose the MBA program that is most appropriate for you. Two of the most common objectives of embarking on a MBA are Professional Advancement Your career goals are a continuation of your career so far, and you would like to take on bigger responsibilities after your MBA. If this is your reason for pursuing an MBA, you have to guard against projecting lack of ambition. You also need to describe as to why you can’t learn the skills at work itself? The way around the situation is to analyze your job responsibilities in detail, assess your strengths and weaknesses, and after listing the skills you will need in your future positions, try to figure out the best way to acquire the missing competencies. There would be some skills that you are likely to gain only at work, while others would be best achieved through an MBA. Exploring Career Switch If you are aiming to switch careers, you need to convince the admissions committee that an MBA will help you make this change. Additional skills and experiences would also be needed. Specify

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