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Top Deferred MBA Programs

The 2 year post graduate course is a gateway to a plethora of corporate level job opportunities with a primary focus on the managerial level

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MBA, Programs, Business
The curriculum consists of major subjects such as finance, business, accounting, economics, operations, strategic management, organization and the relevant subjects. Pixabay

 By Abhyank Srinet

MBA, Programs, Business
Abhyank Srinet.

Introduction:- 

Master of business administration is an internationally recognized degree which is acronymed MBA. It is one of the most popular professional degrees with over 2,5000 programs across the world. The curriculum consists of major subjects such as finance, business, accounting, economics, operations, strategic management, organization and the relevant subjects which are in accordance with your major. The 2 year post graduate course is a gateway to a plethora of corporate level job opportunities with a primary focus on the managerial level. It is offered in the form of both classroom and distance learning programs. CAT, NMAT, SNAP, XAT, GMAT, MAT and other entrance exams of several MBA colleges test  a student’s aptitude with the help of a written test, a group discussion round that follows and finally with the personal interview which is a selection round wherein they are chosen on the basis of the diversity and effectiveness of their profile as opposed to the previous ones where candidates are eliminated on their errors. After going through this series of rigorous tests is an applicant qualified to get admission into a reputed business school. The course strengthen a person’s business acumen, problem solving and analytical skills and grooms their overall personality to help them compete well and stand out in the job market, both nationally and globally.

What is deferred MBA:-

Deferred MBA is similar to MBA in almost all respects except one where it grants pre-admission to students 2 years prior to the actual MBA. This period is assigned for the students to gain the required work experience after which the classes begin. It is a guaranteed entry program for those who have an interest in pursuing an MBA and have pre decided to do so. It gives a relief to applicants from the vigorous application processes and the preparation of the entrance exam. The program offers college seniors the option of starting early in the MBA game. It combines the goodness of a reputed international MBA, which ordinarily seeks experienced candidates, with early career MBA.Students don’t have to wait too long before commencing on a high-flying career post-MBA. If a student stays on track, he may receive lucrative job offers by his mid-20s.

MBA, Programs, Business
Master of business administration is an internationally recognized degree which is acronymed MBA. Pixabay

Top schools for deferred MBA

This is a list of schools which offer deferred MBA:-

  • Harvard business school-  The deferred MBA program at Harvard is one of the leading STEM and humanities discipline students. The 2+2 curriculum enrolls students in college or graduate programs. They employ case studies which enhances the leadership skills of a student and their experience based learning instills in them deep general strategic management tactics. Students build a global experience, drawing from global cases and protagonists, a diverse international student body, international project-based field experiences and immersive field courses. To be considered for admission to the 2+2 class starting from 2022 (entering 2020) the student must have completed graduation by September 30 2017.
  • Stanford GSB enrollment program- The Stanford GSB enrollment program is open for students who wish to begin an MBA immediately after senior year. It aims to construct an MBA by engaging students from various educational and professional backgrounds. It is specifically engineered for students who do not have full time work experience. Candidates for this program can apply in any round, but it is advised to apply in round 3 with a fee of $100. If a student meets the criteria for deferred enrollment, they could attend the business school immediately after the university program or to work before the commencement of classes. The committed faculty members and a collaborative learning environment helps students specialize in entrepreneurship skills, communication skills, social innovation, leadership etc. Not only do they ensure a guaranteed position in reputed companies but the candidates also inculcate proficiency in numerous franternities alongside their major subject.

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  • Wharton moelis advance access program- This is the newest entry amongst the deferred management programs. The Moelis Advance access program is only open for undergraduates of University of Pennsylvania. The students enjoy access to rich Wharton network and resources during the deferment period. They are also considered for fellowship programs at various prestigious establishments with upto $10000/year stipend. 
  • Yale SOM silver scholars program- Yale Silver Scholars deferred admission program is considered to be the most unique among others. The program structure is divided uniformly over three years. The students undergo core curriculum at Yale during the first year. During the second year, the students undertake extended internships at various departments like start-ups, government education departments, general management roles in large corporations and investment firms. The third year allows students to pursue elective coursework before graduation. This unconventional program is considered to be one of the most prestigious business programs across the globe. 
  • Chicago booth scholars program- Chicago booth has been a hub for research and business education for over a century. MBA deferment programs encourage students to begin the admission process even before they leave their university and enter the business world. Throughout the period of 2 to 4 years booth students are a part of the booth community and have access to seminars, meetups, talks, alumni and corporate events and collaborations with prospective companies which could be a great boon to kickstart their professional career. The application procedure is normal and straightforward but unlike many other top colleges, the application fee at Chicago booth scholars program is waived for all the applicants.
MBA, Programs, Business
It is one of the most popular professional degrees with over 2,5000 programs across the world. Pixabay

Conclusion:-

Deferred MBA can be a life changing decision in a student’s life and it is hence important to thoroughly research and compare the programs offered by various institutions. This should be done to ensure that the final choice is a result of vigorous planning of the interests, requirements and expectations from the course. Select what is best for you and work towards achieving the same.

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AUTHOR BIO

Abhyank Srinet holds a Masters in Management degree from ESCP Europe & has an

engineering degree with a specialization in Instrumentation & Control. His interest in the digital landscape motivated him to create an online start up for Masters in Management application consulting (MiM-Essay.com), focused on spreading quality information about the MiM degree & performing application consulting services for clients. He is the chief consultant of the

company and takes care of Business Development and Digital Marketing side of the    company. He is very passionate about writing and marketing.

Next Story

Handy Tips To Quickly Scale Your Business

It may also mean jumping into managing sales and marketing

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Tips, Business, Fund
It means going through various laws and compliance-related issues. Pixabay

Starting a business is hard, considering all the fund arrangements and the effort that goes into bringing it to life. However, scaling and maintaining optimum growth is, in many ways, even harder. It means going through various laws and compliance-related issues. It may also mean jumping into managing sales and marketing. However, there are ways in which you can grow your business at a faster pace. Here are a few pointers.

1. Build a sales funnel

To automate business and quickly scale it, it is very important to build a sales funnel. While there is a lot of efforts involved, especially on the end of the developers, it can help in streamlining the process and improve sales and thus, revenue. If you do not have a sales funnel, do not wait for too long to create one. Also, before settling on one, analyse the data carefully since each funnel has a different effect on the business. 

2. Use a CMS (Customer Management System)

Tips, Business, Fund
Starting a business is hard, considering all the fund arrangements and the effort that goes into bringing it to life. Pixabay

Once your business takes off, it is hard to maintain a manual record of transactions and then spending a ridiculous amount of time tracking them. Not only is it a tiring process, but it also weighs your business down. Investing in or developing a customer management system can take you a long way in reducing the time and efforts required to crunch the numbers and churn the data. 

3. Competitor Research

You should always research what you are walking into as soon as you start looking to scale your business. There might be some companies already offering something similar to what you have, making it all the more necessary to test the waters before diving. Platforms like SimilarWeb and Adbeat help in gathering information on market competition. Adbeat also helps you understand the marketing and advertising strategy of the said competition. If it is working for them, it most likely will work for you too. 

4. Launch Loyalty Programs 

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Whichever way you look at it, getting new customers to buy from you is expensive. In fact, it is said that it takes thrice the amount of money to acquire a new customer than it takes to sell your products to an existing customer. In some cases, and industries, the numbers can go up to an outrageous 10 times. This is where customer loyalty programs come into the picture as they help you in retaining customers and keep the sales steady. 

5. Build a list of email subscribers

Sending routine emails is a great way of making sure your customers know what is new and how they can benefit from the latest developments. However, this is not be done by spamming, but by making an email list. Once you have your lead magnet in place, all you have to do is place it right. Once prospective customers start subscribing, you will have enough user base to send out routine emails and spread the word out. 

6. Licensing and partnering

Tips, Business, Fund
However, scaling and maintaining optimum growth is, in many ways, even harder. Pixabay

If you have the type of product that may be licensed, then it can help your business grow without any hassles. The revenue share that you will receive from licensing deals can help you make it big, especially if larger, well-known brands are involved. This can also be done in the case of the hospitality industry, as suggested by Ryan Hibbert of Riot Hospitality Group.

Even if you do not have a product such as this, you may partner with companies with similar interests or target audience in order to increase your outreach. Spotting and closing such partnerships may be a challenge, but if done right, can reap loads of benefits. 

7. Leverage global platforms

Depending on the type of business you are running, you can capitalize on the popularity of certain other sites to boost your sales. For example, if you are in the eCommerce business, you can use Amazon’s FBA services or use Airbnb if you have a vacation home rental service. Simply, using a saturated platform to boost your business can help you a lot.

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Scaling a business can certainly take a toll on you. However, instead of getting hassled by short term issues, focus on the long term outcomes of your work. Putting in time into understanding the behind-the-scenes operations can also give you an insight into what out to be done.