A little over a year ago, I commenced this blog feeling excited and intrigued by the MBA year that lay
ahead. I was particularly intrigued to
see what the examined MBA life would bring and whether all the hype around
MBA’s was justified. Having now had the
full experience, I can truly say it defies the hype and certainly worth doing
for anyone who has the interest and fortunate circumstances.
People
have differing thoughts on where the value lies from an MBA. I think the value can be summarised under
three areas:
1.
Knowledge: There is no other course that condenses so much
about business, finance and management into one or two years; and does it so effectively. The structure and environment makes getting through the enormous content
possible. Inevitably, the knowledge extends way beyond business and I now find
that most things I now come across, whether in the news or general conversation, can
be related back to something covered in the MBA. Of course, the trick is to know that not
everyone wants to hear things being related back to an MBA!
2.
General/Personal
Development: You quickly
recognise that a lot of the value lies beyond the content. MBA’s are very much focused on the
development of the overall individual and Cranfield justifiably prides itself
on this focus. The development comes
from the formal subjects, psychometric testing, structured feedback as well as
the inevitable development that happens when you are in a challenging environment.
3. People: You meet so many impressive people from such diverse
backgrounds (the cohort, lecturers, faculty staff, alumni, students from other
courses and cohorts from different MBA schools) that you inevitably develop as
a result. It’s a vast ‘melting pot’ of great
people whom you have the privilege of working with and learning from.
I
have been asked about the process of choosing an MBA School. Here was my personal criterion:
·
Full-time: I wanted
to do a full-time MBA because I personally like to fully immerse myself in a project. With this bias in mind, I would strongly encourage anyone to do
their MBA full time if circumstances permit. It allows you to give the MBA the attention I
think the investment deserves.
·
One year
course: There is the two year
option, but I personally felt two years too long a period to be out of the
workforce.
·
Overseas: Part of
the MBA benefit is being out of your usual bubble and being in a new culture enhances
that benefit. Being away from your home environment
where day to day life can be busy also allows you to maximise the complete MBA
experience.
·
Appropriate
demographics: Schools have different cohort demographics (
average cohort age, years of industry experience, a specific subject or
industry focus, predominantly international or domestic cohort) so it is worth
working out what suits you. I wanted a
school with an internationally diverse cohort with older average age and longer
industry experience. The appropriateness
of the school can be gleaned by visiting it/speaking to the current students
and sensing how much the school and students resonate with you.
All
in all, Cranfield clearly ticked the boxes for me and I feel very fortunate to
have not only made that choice but to have had the full Cranfield MBA experience.
In
terms of coming up with a short list of possibilities, the rankings is an obvious place to start. There are only two major full-time MBA rankings (The Financial Times and
The Economist) that directly compare schools from around the world. Business Week and Forbes create separate lists
for the U.S. and the rest of the world, while US News & World only focuses
on the U.S. market. MBA50.com compiles
the results of the big five MBA rankings of the last 12 months to produce the
MBA50.com Premiership. For a comprehensive
summary of Cranfield rankings go to the following Link. (Some of the main ones are as follows: Cranfield is ranked
12th in the EU on (MBA50.com), ranked Top 10 in Forbes’ ranking of the Best
Business Schools outside the US (forbes.com) and
ranked 38 in the worldwide FT ranking of full-time MBA
programmes and number 11 for Career progress (ft.com)). You learn
that there are inevitable limitations with rankings and while they are a
starting point, I believe you need to give much greater weight as to how a
school fits your personal circumstances and preferences.
For
those Australians who are considering doing an overseas, full-time MBA
definitely get in touch with the Cranfield
Australian Alumni as there is a large, active alumni who you can easily
meet up with to find out more. I went
through this process and found it extremely valuable. There is also information on the site about
the Cranfield Scholarships available to Australians; including the annual CAASF
Scholarship, currently the most financially valuable MBA Scholarship in
Australia! Good luck in your searching
and eventual MBA.
Well
it’s now time to sign off this blog......after a few quick thanks.
To
the 2012/13 Cranfield Full Time MBA Cohort, thank you for sharing the amazing
journey – it was one hell of a ride. How will we ever forget our year at
Cranfield: those early starts walking into the forum to get to the morning lectures,
catch ups between lectures around the coffee machines and later over dinner and
drinks at The Social, late night
football in the sports hall, team work in the Syndicates, Tuhin’s Q&A, MK,
MIRC, LR3 and LR5, 122, QOITS, WACS, MBAT and the long list of subject acronyms (OSC, EOS, SDS.....). We not only gained a vast wealth of
knowledge and experience but a great bunch of life-long friends.
Thanks
to the extraordinary Cranfield School of Management lecturers who passed on
their knowledge and industry experience with aplomb, always there to help and
handle all the questions and debates thrown at them. Thanks to the great School of Management
staff that do all the work behind the scenes to ensure the year runs
smoothly. Thanks especially to Graham,
David and Pam who were the foundation of support for the year.
Finally
a huge thanks to my wife Becky and son Xavier for their amazing support. Particularly Becky who earned the much more
impressive certificate of ‘Partner of an MBA’er’ (whilst also raising a baby). Impressive!
Thank you. As for Xavier, as much
as I thought I’d learnt a lot from the year, I have nothing on this little guy
– while I wrestled with formulas and frameworks he was digesting much more
content, without taking notes, using a computer, studying or even asking
questions. Thanks to both of them for
reminding me what’s most important in life.
Until
the next blog somewhere in the future, here’s to the examined life!