Five cool MBA specializations
Finance and strategy consulting leave you a little cold? Try one of these specialized MBA programs if you’re looking for something a little bit different.
Haas School of Business, UC Berkeley – Energy and Clean Tech
The energy and clean tech area of emphasis at UC Berkeley’s Haas School of Business is all about finding renewable and sustainable sources of energy, working in conjunction with the university’s Silicon Valley scientists, and the bringing them to the market. You say alternative energy; Haas says alternative business opportunity.
NYU Stern – Supply Chain Management and Global Sourcing
It may not sound glamorous, but supply-chain management has emerged as one of the fastest growing – and consequently lucrative – MBA specializations in recent years, with increased public scrutiny in the social media age as well the (still) growing complexity of global business, meaning that it’s essential to get it right. Among other things, NYU Stern’s specialization looks at global outsourcing strategy, business process design and implementation, and building and managing customer relationships.
ESSEC Business School – International Luxury Brand Management
For those who know their Louis Vuitton from their Hermès, there is ESSEC’s MBA in International Luxury Brand Management. The program has been around for nearly 20 years, and boasts an industry partner roster that reads like a high-end department store catalogue. The program focuses on the idiosyncrasies of the sector, culminating in a field consulting project with a high-end brand. And if you’re going to learn about luxury brands, you may as well go do it in France.
Kellogg School of Management, Northwestern University – Media Management
In the second decade of the 21st century, it’s no longer enough for old school general managers to try and improvise media strategies. Agile media managers who understand the nuances of this rapidly moving and expanding sector, in which the defining the product can be as much of a challenge as effectively utilizing new marketing channels, are much in demand. Luckily, that’s exactly what Kellogg’s media management is designed to produce.
Joseph L. Rotman School of Management, University of Toronto – Innovation and Entrepreneurship
Whether you’re launching your own venture or kicking some life into an established business, it goes without saying that innovation is key – particularly pertinent in the post-competitive advantage age. Rotman’s innovation and entrepreneurship major is designed to help students recognize and create value from new ideas. Recent innovations from the school’s Creative Destruction Lab include an authentication device which establishes your identity using nothing more than your heartbeat.
How to prepare for the GMAT: Five tips
A good score can make all the difference, so make sure you give yourself as good a chance as possible.
1. Don’t leave it until the last minute: Sounds obvious, but don’t put off prepping until close to the test; if you know you’ve got to sit it, might as well start now so you don’t run into any unpleasant surprises. The experts recommend six months.
2. Identify your weakness: You might find some parts of the GMAT come naturally, while others will pose more of a challenge; work out which the latter are and focus on those – it’ll be good prep for your MBA too.
3. Do some practice runs: This will allow you to identify the former, as well as helping you to get to grips with the format of the GMAT, and how you can best manage your time during the actual test.
4. Don’t go it alone: Utilize available preparation materials as well as the free resources offered by GMAC. There are also numerous paid-for resources available to help test takers prepare. It’s worth making a small investment in order to get a better idea of what awaits you and how to prepare for it.
5. Don’t change your normal routine close to the test: Inevitably preparing for a major exam is going to affect your routine, but try and keep it normal as far as you can – you don’t need anything else to worry about, after all.
Content provided by www.TopMBA.com. TopMBA.com is the place to learn about MBAs, see the latest QS top MBA rankings and meet the best business schools in the world.