Tag Archives: university

Maybe you should just take some responsibility

1 Dec

Recently, I participated in an external review of the University of Toronto Scarborough’s Management (B.B.A.) Program. In a nutshell, a bunch of students gave their feedback to three representatives from Harvard, Dalhousie, and Sauder. The whole point is to improve the status and quality of the Management Program. There was some great feedback about the program as well as some constructive criticism on how to improve it.

My issue was that some of the students at the review seemed to blame the university for their misfortunes or lack of effort. There were students complaining that the Management Program does not provide enough support for graduating students, yet, our campus has a Career Centre and online job postings available. Some students proposed that Management students should have a separate career centre to focus on business-related jobs. Seriously? That’s a lot of resources for a segment of our campus. Not really worth it’s weight in resources. My honest opinion is that the university actually does a great job of preparing graduating students. There’s seminars and workshops to prepare you as well as individual appointments with career counselors. While this information is usually not specific to management students, you can definitely take the overall content and use it in your applications. Plus, there are tons of professors at UTSC who would be more than willing to help you target your resume for a specific industry or provide advice.  I’ve met professors who would literally sit down and go through a 30+ page business plan for you if you asked! In life, no one is going to spoon feed you, university should be no different. It’s up to you to actually find the information that you need. Anyone can jump online and search “finance resumes” for tons of advice. Combine that with general advice, knowledge from industry professionals, and you’ve likely got a stellar job application.

Someone I worked with once told me not to take my lawn chair out just yet, to stay hungry.  Great advice. If you’re always looking for the next opportunity, you’re always learning and absorbing information. If you really want to break into a career in marketing/finance/accounting/etc., you’ll do whatever it takes to get there. That is taking responsibility for your own destiny.

BMO Money Diary #3: The Bank of Mom & Dad

24 Nov

Here’s our last group webisode where we discuss gaining independence from “the bank of mom and dad”. Let me know what you think!

BMO Money Diaries #2: Back to School

19 Nov

Here’s our second BMO Money Diaries group webisode where we discuss upfront semester expenses, stretching our budgets, and how we have money to spend on fun stuff!

How do you make your money last all semester?

Graduate School Options For Business Students

11 Nov

Published on TalentEgg on November 1, 2010

For most business graduates, the natural choice after graduation is working for a few years and then heading off to business school (B-school) to complete an MBA.

Recently, I was talking to a professor and she mentioned that a lot of the MBA curriculum is similar to material learned during my BBA, which is probably why most B-schools offer an accelerated MBA option for business undergraduates.

Typically, the full-length MBA programs are for businesspeople who don’t have an academic background in business and might not know, for example, introductory economics.

But, the fact that she mentioned this made me decide that choosing a graduate or professional program would need a lot more effort. Following the well-known route would be silly especially when many other options exist that could meet my needs.

Masters of Business Administration (MBA or accelerated MBA)

This is a degree that is standard among most managers in the business world. MBA programs are designed for people with no academic background in business, which is why most universities offer an Accelerated MBA option (usually one year long) for students who have studied business as an undergraduate. The Accelerated MBA is a good option to consider if you qualify because you get an MBA in less time.

Applying is pretty much the same as your standard grad school application. You’ll also need reference letters and in some cases, an interview, if you make it past the first round of screening.

Usually these programs require work experience at a managerial level. Research is key when selecting which programs to apply to because some programs consider co-op and internship experience, while others have a special admission process for students looking to enter straight out of their undergraduate degree.

Though, a word of caution, entering an MBA straight out of your undergrad might not be a good idea. I’ve heard stories of people who did this and struggled to find a job after their MBA because they were considered too inexperienced.

But that’s all hearsay. You should talk to your professors, career counsellors, or people who’ve actually done an MBA to find out what they have to say. Talk to lots of people because everyone has a different opinion.

Joint MBA (e.g., MBA and  JD)

For most joint programs, you will need to meet the requirements of both programs. The point of joint programs is to learn about two areas that are interrelated. For example, some areas of business require a knowledge of law and regulations, making a JD/MBA perfect.

Joint programs typically take longer than doing just one program.

MSc in Management

A Masters of Science in Management has been described to me as being the same as an MBA except that you do more research. Basically, these programs teach you about management while giving you the opportunity to complete a masters thesis.

There are MSc in Management programs offered around the world including in Canada and parts of Europe. In Canada, the MSc in Management programs tend to be smaller (and also more affordable) than the options in Europe.

Schools in Canada that offer MSc in Management programs include the University of Western Ontario, Concordia University, and the University of Ottawa. Many of these programs offer consulting opportunities, paid internships, as well as exchanges with other universities.

For example, at HEC Paris, you can complete a French certificate as well as a specialized certificate in energy and finance, real estate, social business, and luxury strategies. Queen’s University allows students to complete part of their degree at partner institutions located around the world.

Many universities also offer specialization in a specific stream (marketing, finance, accounting, economics, etc.) as a part of the MSc in Management. Other school offer MSc in Finance, MSc in Financial Economics, MSc in Sustainable Development, Masters in Management, or MSc in International Business to fit your needs and career goals. All of these variations give you business knowledge, research skills, as well as experience opportunities.

Bottom line?

There are many options available for business graduates interested completing a master’s degree. An MBA isn’t always the best option. Consider your academic and career goals and aim to find a program that will give you what you need.

Research is also super important when figuring out what school is best for you and what programs are out there.

Some tips before you start your search:

What do you think about these options?  Let me know in the comments section!

BMO Money Diaries #1

26 Oct

On of the projects that I’m working right now is with BMO and Cossette. Basically, BMO is going to give me $1000 to share my student woes and thoughts about saving money. I swear, out of everyone in our U of T group, I seem to be the SAVER! I’m also making three personal diaries to document this, which will be posted shortly. Let me know what you think! Can students and money get along?

Five students – five perspectives. All coming together to chat about how to financially survive the school year, share tips and tricks on how to make your money go further and — most importantly — how to break free from the bank of mom and dad.