Newspaper article The Evening Standard (London, England)

Managing a Change of Career; Education Review

Newspaper article The Evening Standard (London, England)

Managing a Change of Career; Education Review

Article excerpt

Byline: WENDY LEDGER

ONCE considered the preserve of the elite, the MBA (Masters in Business Administration) is now one of the world's most popular management courses. There are more than 200 different MBA programmes available in over 120 countries, and growing numbers of executives consider an investment in an MBA programme essential to advance their careers.

Applications for courses are increasing. According to the Manchester Business School there was a 34 per cent increase in applications for 2003, and the UK produces more than 10,000 MBA graduates each year.

The current economic downturn has created more demand for courses, as executives who have been made redundant use their payouts to increase their competitive advantage.

While the qualification is increasingly popular, however, it is still a demanding course, which requires a serious commitment.

Winning a place with an internationally recognised school usually requires a degree as well as extensive executive experience and courses at schools with the "right" reputation do not come cheap. The course is not necessarily the right option for every aspiring executive, but there are alternatives.

For example, the Henley Management College - aside from offering a reputable MBA course - also offers a diploma in management, which is designed to meet the needs of younger executives looking for a serious qualification but who may not be ready for an MBA.

The diploma is a distance-learning programme, requiring around 10 hours each week, and is considerably cheaper and more accessible than an MBA. …

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