MBA for EBI

Veljko Milutinovic, vm@etf.rs

Bratislav Milic, zverko@eunet.rs

Dusan Milutinovic, milutind@mgmt.purdue.edu

2

Several ways to achieve good trading results

Get lucky Read news, watch TV, surf the Internet Copy someone better than you Educate yourself!

3

What kind of education?

Read Marx & Lenin High tech education MBA

4

MBA – What is it?

MBA stands for Management and Business Administration

Postgraduate studies Work and management experience required

(at least 4/2 years) Significant investment into scholarship,

but great return on investment

5

MBA – There’s Even More!

Fee: 2Y scholarship = first year paycheck Specialties:

production, international management,marketing, trading, finances, HR, etc.

In the case that you don’t want to fly to USA, there are several excellent schools in Europe (Milano, London, OU of UK)

6

Ranking of Candidates

Eliminatory test: TOEFL (one needs 320/620 of 800)

Candidates are ranked by: GMAT Essays Interviews (telephone/direct)

7

How to Choose the MBA School?

There is no universal solution, but there are several hints:

If you don’t know what’s good, take what’s expensive

Rank MBA schools by: Nobel laureate professors Jobs before graduation Starting paycheck

8

Overview of MBA SchoolsSchool GMAT POAA AFYS PJBG TEPY Wharton (Upenn) 735 5.1% 120k 99.1% 528 Stanford 722 6.7 106k 98.9 726 Harvard 689 12.9 105k 98.5 1767 Kellogg (NWU) 685 15.5 115k 99.9 2504 Darmouth 685 13.1 100k 99.9 1557 Sloan (MIT) 690 13.4 95k 97.1 708 Chicago 695 22.7 106k 98.2 2808 Columbia 680 11.5 97k 99.1 1373 Yale 682 25.8 95k 97.8 430 Krannert (Purdue) 650 25.4 90k 99.2 252

POAA Percentage of Accepted ApplicationsAFYS Average first year sallaryPJBG Percent of Jobs Before GraduationTEPY Total Enrollment Per YearUpenn University of PensilvaniaNWU NorthWestern University