A-Z: Must know!

AACSB

The Association to Advance Collegiate Schools of Business main task is to test the academic quality of business schools. Founded 1916 in the U.S.A, AACSB provides internationally recognised, specialised accreditation for business and accounting programmes ...

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Accreditation

Accreditation with a credible body such as AACSB, AMBA or EFMD should be a criteria in choosing a school. Accreditation is a voluntary, non-governmental process ...

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Alumni

Mostly former students of a university or a business school. Many schools look ...

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AMBA

The Association of MBAs, respected British accreditation body that tests business schools and their programmes for quality. Founded in 1967 ...

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Career Centre

Often this office in a school is also called a Placement Centre. A career centre's task is to help students and alumni of a business school ...

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Core Courses

Core classes are the required curriculum to pass an MBA exam. They deal with basic skills ...

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EFMD

The European Foundation for Management Development (EFMD) is an international, not-for-profit, membership organisation of business schools and corporations, based in Brussels ...

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Elective Courses

Once students have successfully dealt with the required curriculum (see Core Courses) they can opt for a range of selective classes to cater to their personal ...

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EQUIS accredited

A quality seal for business schools and their MBA programmes, administrated by the European Foundation for Management Development EFMD in Brussels ...

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Executive MBA

Executive MBA programmes or EMBA allow students to earn an MBA in two years or less while working full-time ...

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FIBAA

The International Business Administration Accreditation (FIBAA) was founded in 1994 and hence became one of the first agencies to be accredited by ...

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Full-time and a Part-time MBA

Full-time programmes normally take place over two academic years, with a three to four month summer break in between years one and two ...

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GMAT

The Graduate Management Admission Test (GMAT) cannot be avoided. Most business schools want to see students' GMAT scores as part of their admission ...

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GRE

The GRE (Graduate Record Examination) is one of the accepted entry exams for many business schools. For years, only the GMAT (see GMAT) has been accepted at most business schools ...

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IELTS

The International English Language Testing System is the British version of the TOEFL-Test (see TOEFL). It tests abilities in „Listening“...

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Joint Degree Programme

A „Joint Degree Programme“ is one that gives students two degrees, mostly from two universities...

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Loan Programme

Business schools help applicants and students ...

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Master-Degrees

Whilst the Master of Business Administration is one option to enter the world of financing, consulting or marketing, there are a variety of established master's degrees that could be ...

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One-year-MBA

The one-year option – which condenses the MBA programme from two into one year – has proven successful in European countries ...

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Online or Distant Learning MBA

Online MBAs don’t force students to attend classes regularly and at one location, neither do they force students to resign their jobs ...

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Rankings

„Business Week“ has one and so do „US News and World Report“, „Wall Street Journal“, „Financial Times“ and the „Economist“...

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References – Letters of Recommendation

MBA applications generally ask for letters of recommendation. These letters typically come from an applicant’s immediate boss, supervisor or someone who ...

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Specialised MBA programmes

Apart from generalised MBA programmes students can also specialise in specific areas and industries. Many employers still ...

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TOEFL

The Test of English as a Foreign Language tests an individual's ability to use and understand English in an academic setting. It is administered by ...

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Tuition

The fees for tuition vary greatly between schools, regions and programmes. Harvard Business School for example ...

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