What should you consider when choosing a Business Strategy graduate program?

One great way to evaluate what truly matters to you, is first to define your core values. Ensure that your goals and interests in pursuing a graduate programme at a business school align with your core values. So often, we neglect to pay more attention to this aspect of our personal and professional development, leading to misaligned professional and business outcomes after graduating.

Sometimes I wish I had never met you, because then "I wish could go to sleep at night not knowing there was someone like you out there. You wasted $150,000 on an education you coulda got for $1.50 in late fees at the public library." Matt Damon Good Will Hunting

Consider factors such as program duration, course schedule, location (on-campus vs. online), and flexibility in course selection. Choose a program format that accommodates your lifestyle, career commitments, and preferred learning style. Research the reputation and accreditation status of the graduate program and institution. Look for programs that are accredited by recognized accrediting bodies and have a strong track record of academic excellence, faculty expertise, and student satisfaction

Research the tuition costs and fees associated with the graduate programs you're interested in. Compare the costs across different programs and consider whether there are opportunities for scholarships, financial aid, or tuition assistance. Take into account the cost of living in the location where the program is based, especially if you're considering relocating for your studies. Factor in expenses such as housing, transportation, food, and other living expenses.

A program's location can provide access to a rich network of professionals, alumni, and industry leaders in your field of interest. Being in a vibrant business hub or city known for specific industries can facilitate networking opportunities, mentorship connections, and potential career prospects. Programs located in regions with strong industry clusters or partnerships may offer enhanced internship and experiential learning opportunities. Being situated near companies, organizations, and institutions relevant to your field can facilitate internships, research collaborations, and access to industry-specific resources and expertise.

Research the faculty members’ backgrounds, including their academic qualifications, areas of expertise, and research interests. Look for faculty who have a strong mix of theoretical knowledge and practical business experience. If possible, attend a guest lecture or request access to sample lectures to get a sense of the teaching styles of the faculty. You can also read reviews or testimonials from current or former students. Faculty members with strong industry connections can provide valuable networking opportunities and insights into current business practices. Check if faculty members are involved in consulting work, serve on corporate boards, or are active in professional associations.

It may be a challenge to research business schools, faculty members and their specialised areas for the different programmes. One approach is to initially explore online programme rankings and then narrow your selection to 2-3 potential programmes. Assess the programme’s key strengths as outlined by experts and proceed to review feedback from former students and industry professionals. This method will give you a better understanding of what to expect regarding programme outcomes across various aspects of the curriculum.

Evaluate the curriculum to ensure it aligns with your career goals, interests, and desired areas of specialization within business strategy. Look for programs that offer a comprehensive and up-to-date curriculum covering core strategic management principles, as well as specialized topics such as competitive analysis, corporate governance, innovation management, and strategic leadership.

Many Business Strategy programs value professional experience. Determine the amount and type of experience required or recommended, focusing on roles that demonstrate strategic thinking or management skills. If the program is in a language different from your native one, you’ll likely need to prove proficiency through tests like TOEFL or IELTS. Understand the minimum score requirements and any exceptions that might apply. Update your resume to highlight relevant academic, professional, and extracurricular experiences, focusing on achievements that showcase leadership, strategic thinking, and problem-solving skills.

Review the program's eligibility criteria to ensure that you meet the academic and professional requirements for admission. Typical criteria may include a bachelor's degree from an accredited institution, a minimum GPA, standardized test scores (such as the GRE or GMAT), and relevant work experience.

A business strategy graduate program with a global perspective and international opportunities is important for several reasons: 1. Cultural Understanding: It exposes students to diverse business environments, helping them understand cultural nuances, global market trends, and international business practices. 2. International Networking: It provides opportunities to connect with global industry leaders, establish international business connections, and build a global professional network. 3. Career Opportunities: It enhances graduates' readiness for careers in multinational corporations, international consulting firms, global market analysis, and international business.