Graduating with an MBA will change the course of your career, opening opportunities for advancement into management and executive roles. With over 10,000 schools offering MBA programs worldwide, it can be difficult to choose a school with high academic standards, distinguished faculty members and a reputation amongst employers. The Association to Advance Collegiate Schools of Business, also known as AACSB International, exists to recognize business schools that perform to a higher standard. The AACSB accredits less than five percent of institutions worldwide. As a prospective student, AACSB accreditation should be on your list of criteria for selecting the program that will advance your career.
The AASCB requires the schools it accredits to undergo a quality evaluation every five years. This process examines the quality of their faculty, interactions between students and faculty and strategic management. As a student, enrolling in a program accredited by the AASCB means a better education and graduating with a reputable degree respected by major employers across the globe. Some companies have found that employees who graduated from schools not accredited by the AACSB even performed worse than their colleagues who had.
All of the top MBA programs in Canada are accredited with the AASCB and looking for this status is a great way to narrow down your search for programs. But when the time comes to make your decision, there are some other factors you should take the time to learn about on Lazaridismba.ca.
A school’s reputation with employers is always an important factor to consider and programs that build relationships through recruitment, internships and coop programs excel at placing graduates in leading roles. You should research a school’s performance at case competitions where students have a chance to connect with corporate recruiters who are always looking for new talent. The Aspen Institute International Case Competition, won last year by the team from the Lazaridis School of Business & Economics, is one case competition that draws the attention of corporate recruiters year after year.
If you are pursuing an MBA to start a career in finance, you should also look into programs that can help you compete your CFA (Chartered Financial Analyst) exams. There are three stages to the CFA exams and the process is a demanding one, with each level posting pass rates between 40 and 55 percent. In order to help students prepare for these exams, schools like the Lazaridis School of Business & Economics have become members of the CFA’s University Recognition Program and exam preparation is part of the curriculum of their unique MFA with CFA designation program.
Finally, search for a school with a strong coop program, especially if you are entering your MBA directly from an undergraduate or you are changing careers. A coop program will help you build the necessary work experience alongside your MBA to take on leadership roles in your future career. The Canadian Association for Co-operative Education (or CAFCE) accredits Canadian universities with quality coop programs as part of an MBA.
AASCB accreditation, success at international case competitions, membership in the CFA’s University Recognition Program, and CAFCE accreditation are all signs that an MBA program has globally recognized. Attend a school with the right reputation to help you drive your career forward.