Enrolling in an MBA program will help you hone skills needed to be considered for executive or top management positions. But before you are accepted to an MBA program, it’s important that you also have the skills needed to succeed in the top MBA programs. Below are just some of the essential skills for MBA students. These are also the skills that you need to develop and improve so that you’ll do well in the workplace.
* Mathematical skills
Attending MBA classes will have you dealing with spreadsheets and financial documents. This is why it’s important for you to have mathematical skills and be able to deal well with numbers. Aside from basic math functions, you should also be able to grasp advanced mathematical procedures and understand complex equations. These will be taught in your MBA classes, but it’s surely an advantage if you’re interested in math.
* Analytical skills
Aside from dealing with financial documents and spreadsheets, you will also have to know how to analyze the data found in these documents so that you can identify the strengths and weakness of a company’s operations. Having analytical skills will also help you in understanding case studies and seeing how a company’s financial and managerial structure affects its operations.
* Interpersonal and communication skills
Although you will deal largely with business problems, you also need to have good interpersonal and communication skills to succeed in an MBA program. It’s essential for you to learn how to be a good team member and team leader. Attending MBA classes will give you the chance to network and form ties with your classmates, who are most likely business professionals too. Being able to communicate well with them will help you gain insights and learn new ideas that can help you succeed in your chosen field.
MBA Schools that Lead to Highly Profitable Careers
In this article will list 5 of the MBA schools that produce some of the highest paying graduates in the world.
1. Stanford University Graduate School of Business
The Stanford University GSB ranks second overall on the list of the best MBA schools in USA and the fourth in the world. When speaking in terms of weighted salaries, however, this is the school that tops them all. The average alumni weighted salary is above $214,742 per year. According to FT.com Stanford University Graduate School of Business ranks the first in US and in the world.
2. Harvard Business School
To this day, this is the only MBA school to have educated a US president, George W. Bush. Currently, this school ranks second with an average weighted salary per alumni of just under $192,133 per year. Harvard Business School is ranked first overall in 2018 and, among the schools on this list, HSB has the highest rate of alumni employed within the next three months of their graduation. FT.com ranks Harvard Business School fourth.
3. Wharton School of the University of Pennsylvania
Wharton is currently ranked as the 3nd best MBA school in the world, and it holds first place in the rankings over the past three years. With an average alumni weighted salary of over $190,826 per year, this school ranked third on this list, though among this top 5 it also has the highest rate of employment within a period of three months.
4. Columbia Business School
Coming in fourth on this list is Columbia Business School, that ranks as the sixth best MBA school overall. This school has an average weighted salary per alumni of over $177,680 per year, it is on the seventh position.
5. MIT Sloan School of Management
Finally, MIT Sloan ranks eighth on the overall list of best MBA schools, but it has the fifth highest weighted salary average per alumni at over $173,095.
Though you should never choose your MBA school based on the amount of salary that its graduates get, it is useful information to know. Keep in mind that the best MBA school for you will be the one that can develop you to your fullest potential, and this often requires choosing a school that you are comfortable in, happy with, and contented with.
Barbara Elliott has served in a number of leadership positions throughout his career including College Dean at three Universities and Tenured University Professor. Barbara is a frequent national and international presenter and author. Also she works as a blogger at PhDify.com