A master of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder, no matter whether they are in the business industry or a different one. While completing this degree, MBA candidates can make themselves even more employable by pursuing secondary degrees to complement an MBA. Some of the best double majors for business administration can highlight a core MBA subject such as finance, marketing, strategy, or economics. Alternatively, an MBA double major could be in a completely different arena such as information technology (IT), entrepreneurship, or healthcare.
Specialization vs. Double Major vs. Dual Degree
In addition to general MBA degree programs, many colleges now include specialization as part of the curriculum. Specialization simply means that you take a specified number of upper-level courses in a related field in addition to meeting requirements for an MBA. You could, for example, earn an MBA with specialization (often referred to as a concentration) in finance.
An MBA double major involves more time and coursework than specialization, as you would complete degree requirements in two areas, not just take additional courses. You would, however, end up with only one degree, such as a master of business administration in finance.
A joint or dual degree program is the most intensive educational option. A joint MBA consists of a single curriculum that integrates two programs at one school, while a dual program involves two separate curriculums at the same or different schools. In either case, the result is two degrees, such as a master of business administration and a master’s in finance. Dual degrees take more time and cost more than a double major since they result in two diplomas.
- A master of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder.
- Ultimately, the best double majors are ones that complement the industry a student wants to be in–whether that’s in computer science, international relations, or a create-it-yourself degree program.
- In terms of the best MBA concentration programs, consulting, entrepreneurship, and corporate finance are popular and lucrative options.
Do-It-Yourself Double Major
Alongside an MBA program, students can also create their own double major program. If you decide to follow this DIY approach, it’s important to meet with counselors from both degree programs to take advantage of classes that might count toward both majors. The more closely related both areas are, the more likely there will be common courses that will help you cut down the time and expense involved in pursuing a double major.
Ultimately, the best double majors are ones that complement the industry you want to be in. Since MBA degrees tend to be generalist degrees that are applicable in any corporate industry, students need to think about what the best double majors for business administration are in their field. Many MBA schools now offer a range of double major or degree programs, from a joint degree in Electrical Engineering to International Relations, or even a J.D. or Masters in Public Policy. All it takes is some research to see what options are out there.
Three MBA Double Majors to Boost Your Value
Any of the academic options listed above – specialization, double major, or dual degree – can be used to boost your value in the job market. As a double major falls in the middle of the three in terms of intensity, an examination of three of the highest-paying areas of MBA concentration may be helpful in deciding if the extra time and effort are worthwhile.
According to Poets&Quants, the top-earning MBA concentration in 2018 was consulting. MBA candidates with concentrations in consulting made $101,108 early in their careers, which was $8,306 more than any other field of study. Consultant and strategy specialists are “big picture” people, well equipped to help a company improve its performance. With a consulting concentration, you may increase your chances of ending up in the C-suite as CEO or in another top management position. You will study the history of business decisions – both good and bad – to help you arrive at your own corporate philosophy. Management consulting is a versatile discipline and could lead to employment in a variety of fields or in the world of startups and entrepreneurs.
Entrepreneurship is also a popular double major for MBAs, with a less-impressive early career paycheck of $70,300 per year but a mid-career average of $139,000, a difference of $68,700 between that and starting pay. Graduates who attend a school like the Stanford Graduate School of Business will be frequently exposed to the Silicon Valley entrepreneurship culture. While many entrepreneurship majors hope to start their own companies, there are plenty of jobs in corporations and organizations for creative, innovative workers. As an entrepreneurship major, you could find yourself in mid-level management, consulting, sales, research, and development (R&D), not-for-profit fundraising, or teaching.
Corporate finance majors had an average starting salary of $88,493 in 2018–among the top five most lucrative concentrations within an MBA program. As part of your finance course of study, you would develop analytical skills and the ability to dissect complicated financial reports and documents. As money is the bottom line in business, there are many jobs available inside and outside the corporate world, including as a financial planner, investment analyst, investor relations associate, actuary, accountant, commercial real estate, and teacher.
The Bottom Line
In a competitive market, you need every edge you can get. A double major consisting of an MBA with an additional area of specialization helps you achieve that edge. Plan carefully, including consulting with appropriate university counselors in both areas, to minimize completion time by choosing a second major that complements your MBA.
Who’s got time to do an MBA. Not me… that’s for sure.
Don’t get me wrong. There are plenty of great people out there with great skills. Some of these people even have MBAs.
I can see the need to reskill and upskill. Especially in this weird economy. However, I haven’t got time for another qualification. And I don’t want a divorce.
Google it. MBA often correlates with divorce. It’s a real thing.
What I really need though is some new ideas. And some new tools that allow me to move forward in uncertain times.
I decided all of this at Christmas time this year. Christmas is always a great time for introspection.
And by introspection I mean the general disillusionment and existential distress that follows too much eating, drinking and time with relatives.
But what I realised is that the best way forward for me was to look at building myself my own MBA.
And not really an MBA at all. A kind of DIY non-MBA, MBA. So I put a very fuzzy plan in place earlier this year.
What I needed, I decided, was some new inputs… a combination of things that made sense to me.
I’m sure research would suggest that eclectic approaches lead to incoherence. However, while this might be true for groups, eclecticism works on an individual level.
In other words, my choices for my DIY non-MBA, MBA don’t need to make sense to anyone except me. And I can choose them intuitively if I want to or let one thing lead to another.
So that’s what I’m doing.
Everything around me seems to be changing anyway. And rapidly. If I know one thing is true, it’s that I need to adapt to this pace of change and change too.
I also know that the toolset that I’ve been using for the last 10 years is no longer enough. At least that’s my perception.
I mean… I’m sure that I can get by on my existing toolset. But I’m no longer sure that I want to. I’m looking forward to the change and disruption that lies ahead.
What I’ve seen though, when I gaze into my crystal ball, is a mixture of opportunities and problems that I want to understand better. But I feel like I don’t have the tools to analyse them or manage them.
So here’s what I did. I had a look at what I’m interested in personally and professionally. And then I booked myself into a series of short courses over the last six months.
Three were with the Executive Education programme at the University of Auckland’s Business School. I already had a relationship with Auckland because I’ve studied and worked there.
The three courses I’ve undertaken so far have been excellent and I’ve blogged about two of them.
One I wrote about extensively. This was Service Design Thinking.
Then a few months later I picked another one. This time it was about Critical Thinking.
- If you’re interested in my “takeaways”, there’s another summary here.
- And the course outline is here.
The one I haven’t blogged about yet was Project Management which I’ve just completed. I’ve got a lot to say about this in future posts.
- I don’t have my notes collated yet, but you can check out the course outline here.
One nice thing about these two-day workshops is that they keep the disruption of my life to a minimum. Each of these has been a two-day intensive in Auckland.
This timeframe is about right for me. I love Auckland, but too long and the traffic gets to me.
I’m going to write more about this soon, but the short version, for now, is that I got a lot out of the Project Management course.
It was just an introduction. And I don’t have any real desire to become a project manager.
However, I think the future of work – for myself, anyway – is projects. I know this is true for me for the last 12 months. And it certainly looks that way for the immediate future.
And managing projects is really hard.
I struggle to manage my own time and projects, let alone projects involving others. But I feel that I’ve got a basic toolset now to make sense of my own and others’ projects.
So… watch this space for more on projects and project management.
And if you’re good at maths, you’ll realise that I’ve only accounted for three of the four short courses so far in my DIY non-MBA, MBA.
The other one feels a bit weird to write about here. But in the interests of full disclosure, I did a weekend course on sandal making at Shoe School in Wellington.
Before you judge me, there is a connection to all the other stuff I’m interested in. But I’ll have to leave that to another day.
In the mean time, check out the sandal workshop gallery here. If you see some black ostrich leather men’s scuffs. They’re mine. I designed them, cut them out by hand, then stitched and glued them together.
Free Book Preview Ultimate Guide to Facebook Advertising
Life moves fast in the world of digital marketing. In fact, since 2013, digital media consumption in the United States has increased by 49 percent , according to comScore.
So, considering a career in this field might be wise. But, when you’re trying to build a career in digital marketing, you may find it difficult to keep up with the industry’s ever-increasing rate of change. So, is it even worth it to invest in a formal education?
The answer is that, while most employers like to see at a least a four-year degree, what you learn about digital marketing at a university won’t be the same as what you learn in an actual digital marketing job. Instead, to become successful in your career, you need to be prepared to learn on the job and gain skills in the field.
Why schools don’t teach digital marketing
Because digital marketing changes so fast, schools struggle to keep up. Richard Geasey, an internet marketing consultant and lecturer at the University of Washington, wrote in Inc. that, “Most schools are staffed by instructors who know nothing of internet marketing. The field is so fast and quickly changing they have no chance to learn anything useful and present it to students.”
Most of those instructors, moreover, often have very little practical experience in digital marketing. They may have studied marketing for years, but if they don’t have real-world experience to share, they won’t be able to properly teach the subject.
So, instead, what instructors teach is the basics of traditional marketing, which does provide a strong marketing foundation; but it doesn’t prepare students for the practicalities of working in the field itself. There are no classes on social media management and none on marketing automation, email marketing or the myriad other topics you’re bound to come across in your career. These things are learned from working in the field.
Writing for Marketing Land, Travis Wright, host of MarTech Talks, wrote, “I’ve spoken at several business schools, including the University of Chicago’s, Booth School of Business and the University of Utah, David Eccles School of Business. Each time after I’m done presenting, students approach me feeling scared — due to the overwhelming lack of knowledge and job readiness they have. I let them know what they didn’t know that they need to know.”
The need to self-educate
A recent survey from CareerBuilder found that 67 percent of employers polled said they were concerned about the skills gap. So, the takeaway is that if a school won’t provide you with the kind of digital marketing experience you need to close that skills gap, you may find it’s time to take your education into your own hands.
Entrepreneur and motivational speaker Jim Rohn once gave a speech in which he said, “Formal education will make you a living; self-education will make you a fortune.”
Here, then, are three ways to educate yourself on the digital marketing industry:
1. Find free resources.
Instead of paying an exorbitant amount of money for a fancy specialized degree, you can easily find free resources online that will be more valuable and better help you in your career.
Sites like Coursera offer a variety of free courses on a number of topics. The site even has a specialization course series on digital marketing. HubSpot Academy also offers free certifications in areas like inbound marketing, email marketing and more. Even Google has its own free digital marketing course.
No-fee courses like these, as well as ones you pay for, are abundant on the internet and can help you learn more about the industry and the latest trends. You’ll also find it useful to follow key digital marketing influencers online. Many of them host free webinars; these are typically hour-long mini educational sessions which can be extremely informative.
2. Read everything you can.
Read as much as you can as often as you can. Books from those same marketing influencers will help you better understand the digital marketing landscape. But be careful — with the rapid pace of the industry, books become outdated faster than they go into print.
Make a point to stay up to date by reading the latest news from top marketing blogs from:
MBA, or no MBA? There are vocal proponents on both sides of the aisle: Those who think business school is a rip-off, and those who believe that a masters-level education is the best way for entrepreneurs to succeed.
In late 2011, Victor Saad found himself squarely between the two camps. On the one hand, the then Chicago-based middle school teacher had a desire to learn more about business and social enterprise before starting a company. On the other hand, after graduating with an education and communications degree four years prior, he was also strapped for cash.
Saad saw value in the community and professional network provided by formal degree programs, but also struggled to justify hefty student loans for a curriculum that didn’t quite meet his needs.
So he decided to create his own program–a DIY MBA, so to speak.
A World of Experience
Saad tapped into existing social and professional networks to write an 18-month plan for what he dubbed the Leap Year Project–a series of 12 business apprenticeships in the course of 12 months, he told Inc.
His “leaps” consisted of month-long partnerships with designers, architects, non-profit administrators and entrepreneurs–professionals with experience in his desired areas of focus, design, and social enterprise. Saad approached them each with this proposal: I will come into your company for one month, identify any gaps in operation, and apply my skills to help you close those gaps.
Saad says it took some time for his proposal to catch on. After all, it required his partners to take a leap of faith on him, as well–but after he had successfully completed a few apprenticeships the rest just “clicked into place.” By the end of his year, Saad had partnered with a non-profit in Cairo, Egypt; the t-shirt company Threadless in Chicago; architecture group NBBJ in Seattle; and Alex Bogusky, founding partner of the Boulder-based marketing firm Crispin Porter + Bogusky.
Now, for His Own Start-Up
Nearly a year later, Saad has taken his experiences and curriculum to draft a book–part memoir, part how-to manual–and found an alternative education program called The Experience Institute, which he hopes will provide an alternative MBA program for other students like himself.
Saad, for his part, doesn’t see The Experience Institute as a complete replacement for traditional degrees. The program, which will launch its inaugural class of 10 students in September of this year, is intended to be an alternative for cost-conscious and self-motivated learners like himself, he says.
The institute staff currently consists of three program administrators and a network of “connectors” who help to, well, connect students with professionals in their areas of interest. The year-long program will comprise three three-month long apprenticeships, interspersed with research periods and networking events that bring industry professionals–some invited by Saad’s team, others approached by institute students–together with potential apprenticees.
Though Saad didn’t reveal details on how he funded the business, he did say he wants to keep costs low for students, and has developed a payment plan that will allow many to pay the $10,000 tuition fee as they go. Students can opt to pay $3,500 to get themselves started on the program, then pay monthly deposits using their apprenticeship stipends once they are placed. Students will also be responsible for some of their own food, lodging, and travel expenses.
Of course, The Experience Institute is not the first program of its kind; The “MBA, or no MBA” debate has spawned several experiential education programs hoping to by-pass the expense–and book-learning–of traditional business programs.
New York-based Enstitute, for example, pairs would-be business students within entrepreneurs for a two-year learning apprenticeship in the Big Apple. And curriculum for everything from a DIY fine art degree, to Cousera’s near-Ivy League lectures, have become easily accessible to students online.
What Is a Master Of Business Administration?
A master of business administration (MBA) is a graduate degree that provides theoretical and practical training for business or investment management. An MBA is designed to help graduates gain a better understanding of general business management functions. An MBA degree can have a general focus or a specific focus in fields such as accounting, finance, or marketing, and relationship management.
- An MBA is a graduate business degree focused on management.
- MBA students can also focus on other aspects of business, like finance or risk management.
- Many schools now offer specialty programs, like sports management, entrepreneurship, the entertainment business, or healthcare management.
- Executive MBAs programs are available for experienced professionals who cannot commit to a full-time schedule.
Understanding Master Of Business Administration (MBA)
A master of business administration (MBA) is a level up from an undergraduate business degree and generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria.
MBA programs typically include core classes in accounting, management, finance, marketing, and business law. Management training is at the heart of any MBA curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human sides of running a large or small business. Increasingly, MBA programs are broadening their focus to include training in international business and to focus on the responsibilities and corporate accountability of businesses within their communities.
The MBA degree is seen as essential to enter certain fields, including strategic planning and hedge fund and private equity firms. Other financial services fields, however, may no longer consider an MBA an entry-level degree to get started. It is not uncommon to gain professional experience before applying to elite MBA programs.
MBA Vs Executive MBA: Which Is Better?
Specialized MBA Programs
While MBA candidates can focus on one of the core disciplines of the degree, such as management or finance, many MBA programs allow students to develop concentrations in specific industries. For example, an MBA student might specialize in sports management, entrepreneurship, the entertainment business, or healthcare management. Even within a management specialty, MBA degrees can allow a concentration on information technology, hospitality, education, or criminal justice. Some MBA programs team up with various professional healthcare programs, such as nursing schools, to offer joint degrees.
Specialized MBA programs are also available for students whose lives and careers do not permit them to attend school full time. Executive MBA programs are designed for working professionals hoping to add to their credentials and qualifications. These courses of study typically schedule classes for nights and weekends, sometimes also requiring short residencies of intensive coursework. Executive MBA programs are typically only open to candidates who already have substantial professional experience, and they, therefore, tend to focus on more advanced topics such as leadership development.
Find Your Dream School
COVID-19 Update: To help students through this crisis, The Princeton Review will extend our “Enroll with Confidence” refund policies to cover students who enroll on or after August 1 st . For full details, please click here.
Are you a prospective business student looking to apply to specialized MBA programs? Take a look at some of the most popular specialized MBA programs—and where they might lead. Browse MBA programs by specialization.
1. General Management
Of all the specialized MBA programs, General Management is consistently one of the most popular. General management students will learn a variety of management skills and perspectives that can be applied to organizations in any industry, from human resources and marketing to systems and UX.
2. International Management
A specialized MBA in International Management is perfect for business students who intend or aspire to work abroad or at multi-national companies post-graduation. You’ll learn critical skills—finance, strategy, operations, etc.—in an international context, preparing you to do business with people and organizations all over the world.
Another popular specialized MBA program, Strategy offers insight into how successful business decisions are made; you’ll learn about business development, consulting, risk management, and planning—skills applicable across industries.
Management consulting is one of the most sought-after skills in the business world. A specialized MBA in Consulting will empower business students to enter a lucrative industry post-graduation, helping clients manage their companies more successfully.
5. Finance Leadership
For business students who prefer to focus on finance, a specialized MBA in Finance Leadership could be a great choice. Many high-level bankers, financial controllers, chief financial officers, and finance managers specialized in finance. You’ll study statistics, analytics, accounting, and more.
Need help getting your startup off the ground? Consider a specialized MBA in Entrepreneurship, which offers critical management and business development experience as well as the skills entrepreneurs will need to pitch ideas and secure funding.
If marketing and advertising are more your style, consider a specialized MBA in Marketing. You’ll learn how to promote products and services, design and execute marketing campaigns, and communicate with customers—skills that can be applied across marketing and sales roles at B2C and B2B companies.
8. Operations Management
A specialized MBA in Operations Management focuses on planning, organizing, and managing production to maximize efficiency. If you’re interested in supply chain management or logistics, consider this specialty.
9. IT or Technology Management
A specialized MBA in IT or Technology Management puts MBA graduates at the cutting edge of UX, design, and the flow of information technology. If you want to manage how data moves within companies, between them, and into the world, consider this specialty.
Practice for the GMAT
Take a GMAT practice test with us under the same conditions as the real thing. You’ll get a personalized score report highlighting your strengths and areas of improvement.
An Online GMAT ™ To Support Your Business School Goals
The COVID-19 pandemic has changed the world. But it doesn’t have to change your business school goals. The GMAT™ Online exam is an online and remote proctored version of the test center-based GMAT™ exam designed to help you meet your application goals – from the comfort of your home. Flexible to meet your needs, the GMAT™ Online exam is here to stay, with appointments currently available through February 2021. The exam is available around the clock, can be taken on a Windows or Mac laptop or personal computer, and features:
- 3 full exam sections: Quantitative, Verbal, and Integrated Reasoning sections (excludes AWA)
- Same time, scoring, and number of items as the test center-based exam
- Flexibility to use a physical or an online whiteboard for scratch work
- Disability accommodations
- Accepted by over 7,000 global business programs
- Scores valid for 5 years
- Complimentary unlimited score report sending
Hear from GMAT™ Online Exam test takers:
GMAT™ Online Exam Overview
The total exam time is approximately 3 hours:
- 2 hours 45 minutes for the exam
- 15 minutes for check-in
- One optional 5-minute break
Cost Registration, and Scores
- US $250* with complimentary unlimited score reporting to schools
- Reschedule fees – US $25
- Cancellation fees (up to 24 hours before appointment time) – US $100
- Appointments available around the clock
- Scores are not included in score reports for test center-based exam
- Online exam counts towards 12-month and lifetime limits
Disability accommodations – If you are planning to request disability accommodations for the GMAT™ Online exam, do not schedule your appointment until your accommodation is approved. Please begin by following the process to register as a test taker with disabilities. Accommodations available include 50% and 100% extended time along with an extended break of 10 minutes.
* In India, price is inclusive of GST.
Before the Exam
- Test – Run a system test before registering to ensure your computer is ready for test day
- Practice – get familiar with the online whiteboard tool
- Review – Policies and procedures and ID requirements
During the Exam
- Login at least 15 minutes before your exam time for check-in
- Remove mobile phones, headphones, watches, notes, scratch paper, and any other devices
- Touchscreens, graphics tablets, and use of a stylus is not permitted
After the Exam
- Official scores will be posted in your mba.com account within 7 business days of completing your exam
- Complimentary unlimited score sending
- Score is valid for 5 years
- One retake will be available †
† verifiable technical issues will not count toward your retake limit, however, if you experience multiple technical issues, we may advise you to test at a test center
Compare the GMAT™ Online Exam With the Test Center-based GMAT™ Exam
Which GMAT™ exam delivery is right for you? Use this chart to compare the GMAT™ Online exam to the GMAT™ test-center experience.
The GMAT™ Online exam is available in most locations, with the exception of: Mainland China, Cuba, Iran, North Korea, and Sudan due to regulatory and local data privacy rules. Please note that currently proctoring support for the GMAT™ Online exam is only offered in English.
Take the GMAT Online exam in the comfort of your home. Appointments are available around the clock providing you additional convenience and flexibility.
- How to Calculate the Square Feet Needed for a Sod
- How to Price an Outdoor Fence
- Sterilizing Garden Tools With Bleach
- How to Estimate Seamless Gutters
- How to Keep Your Compost From Smelling
Most building projects you tackle yourself will show a net savings in total costs due to the labor you put into the project. Cut out the contractors, and you’ll experience instant savings. But there’s still the costs of materials involved, and before beginning a project, it helps to know just what the project costs will likely be. To get an accurate estimate you’ll need to be familiar with every detail of the project, having it all planned out before taking the first step in building. The greater the details and the more planning you do, the more accurate your estimate will be, giving you a good idea of the true costs of the project.
Read through the project instructions carefully from beginning to end, paying attention to the materials and tools that each step uses. Make a list of the tools and materials, including quantities, on a piece of paper. If planning the project yourself without instructions, then include measurements and material quantities in your planning and make a list of those.
Check your listed items against the tools you already have at your disposal. Rent uncommon or expensive tools from a home improvement store or equipment rental shop at an additional cost to the project. Cross off the tools already in your possession from the materials list.
Call around for the best rental prices on the tools. Keep in mind the estimated timeline for your project to determine how long you will need each tool. Multiply the length of time needed by the daily rental cost of each tool and record the result on your tool list.
Obtain a materials pricing list from distributors in your area carrying the materials necessary to complete the project. Add 10 percent in additional materials to each item to account for waste during project construction. Calculate the prices of each material type listed in your materials list by multiplying material quantity with the price per unit listed in the pricing lists. Make sure you include any applicable delivery or shipping costs and taxes for the materials in the prices. List the prices next to the list of materials on your sheet of paper.
Determine any additional fees required for the building project. Additional fees may include architectural fees for plans needed to obtain a building permit, the cost of the building permit itself and insurance costs for protection of your home against damage.
Add the list of costs for the tools, the materials and the additional fees to calculate the total costs for the building project. Set aside an additional 10 percent for unexpected expenses.
One company, Evisors, says its experts take students’ cold calls, but the service isn’t ubiquitous yet.
M.B.A. Students Get On-Demand Career Coaching
As an undergraduate at the University of Pennsylvania, Fredrik Marø, a native of Norway, knew he wanted to work in investment banking in New York. He asked the career services office at Penn’s business school, the Wharton School, for leads to alumni with Scandinavian backgrounds who might be able to help. The career officer handed him a binder full of names and wished him good luck.
“As a sophomore in college, [that] was pretty intimidating, and I got nowhere quickly,” says Marø, who adds that without intercession from Penn, a managing director at Goldman Sachs would be highly unlikely to critique his résumé on a cold call.
Fast forward about five years, and Marø, now an M.B.A. student at Harvard Business School, found that its career services office couldn’t help him, either. So he and three friends in M.B.A. programs at Harvard and Penn decided to cofound Evisors, which they describe as “an online marketplace for expertise.” Evisors connects students with experts in M.B.A.-related fields, who share their experiences and answer students’ questions in one-on-one phone sessions.
“Career offices are doing a great job, but not even Harvard Business School—with 40 career coaches on staff—can cover all the jobs, industries, and functions that students are interested in,” says Marø, Evisors’s CEO. “Career offices teach students basic job seeking skills like how to write a résumé, but to get the job in this economy they need company and industry expertise, which we provide.”
Asked about the competition, Marø says many schools work with consultants, offer students subscriptions to career publications such as the Vault and WetFeet guides, and use a product called InterviewStream, a web-based video interviewing service. But Evisors is unique in its scale—1,000 experts to Harvard’s 40—and its on-demand nature, where experts don’t need to actually visit schools, he says.
The immediacy of Facebook has led students to expect nearly instantaneous responses to their queries, according to Marø, which is why he and his cofounders conceived of Evisors as an “on-demand” LinkedIn, where experts are actually accessible and respond to E-mails and phone calls from strangers. Since Evisors launched in September 2010, 20 schools have become clients of Evisors. Students at those schools can look through Evisors’s online database of nearly 1,000 career coaches, CEOs, and entrepreneurs, which are separated into three areas: admissions, career, and business.
A recent TechCrunch article compared Evisors to Quora, a site where users ask and answer questions and evaluate other users’ content, because Evisors users who work with experts can evaluate them. Schools either pre-pay by the hour to purchase Evisors sessions for students and alumni, or they can subscribe to an institutional service. The school-wide service lands students and alumni a 20 percent discount on Evisors’s regular rates, which range from $30 an hour to $600 an hour, depending on the expert, Marø says.
Evisors also launched a series of webinars, or online seminars, with its experts in September 2011. Also that month, Evisors announced 15 new partnerships with schools such as Boston College’s Carroll School of Management, Emory University’s Goizueta Business School, Fordham University’s School of Business Administration, and Oklahoma State University’s Spears School of Business. Marø says 13 of the 15 new additions are business schools.
Donna Modica, associate director of graduate management career services at the Carroll School, confirmed that BC signed up for Evisors’s webinars. “For students, the webinar provides valuable insight directly from professionals who have worked in the field,” she says.
Maria Ponomareva, an M.B.A. student at McGill University in Montreal, says the Amsterdam-based expert she interacted with in a one-on-one, 45-minute phone session gave both general advice and a specific tip on a computer program, which she then chose to use in her internship.
Ponomareva says she also had success writing to McGill alumni on LinkedIn, but that Evisors added a personal touch. “If you can actually have a real talk with the person in the field, that’s great,” she says.
Although she recommends the service to other business students, Ponomareva says it’s not necessarily going to lead to jobs, because local experts are necessary to get “actionable advice” or business leads. “Because it’s so global it’s very useful for general purposes,” she says, “but it’s local [contacts] that would actually know how to help more with what you are looking for, like internships.”
Jorge Paramo, a graduate student at Texas Christian University’s Neeley School of Business, who has participated in an hourlong conference call with an Evisors expert, recommends the service to business school applicants. Evisors is a “direct channel of interaction” between students and industry professionals, which can provide “invaluable advice and insight” and can give an edge to business students, who often “have a lot on our plate and our stakes are high,” he says.
In my early 20’s I dropped out of community college to focus on my money, long story short I’m currently 26 and head of a
100 million dollar engineering company that I built from scratch. For a while I’ve been wanting to go back to school for the sake of having a degree. Engineering topics are too easy for me and I’m already extremely well studied in a wide array so, as I plan to grow my business into the billions, I’m wondering what more can business school actually teach me?
I have no formal training in business, I’ve only worked one job in my life at that was as a cashier at a drug-store for about 8 months when I was 19. I’ve had no business mentoring from anyone in my life, only from internet research. I’m extremely efficient and very good at figuring out goal oriented things, organizing processes and hierarchies to run smoothly, understanding and managing complex systems in general. Very good at recognizing peoples skills and talents, putting them to use, good at recognizing employees with advantageous personality traits, and so on.
I know little about complex business schemes. Most of my wealth basically comes from engineering complex and expensive items and selling them to people who have money. I figure I could always hire someone with a business degree but they wouldn’t be “thinking for the company”, as I would in my shoes.
So what exactly would I learn in business school? I currently just look at business as any other mechanical system, governed by cause and effect, and all the variables in the world that interact with it, making money is easy, I just want to be even better at it.