What
is MBA?
The MBA (Master of Business
Administration) is a postgraduate degree that is awarded to students who have
mastered the study of business. The MBA degree is thought to be one of the most
prestigious and sought after degrees in the world.
Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real world business situations.
Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real world business situations.
Why
Study MBA on this Blog?
If you want to master the art of business, you don't need to go to business
school. What you need is to learn the fundamentals of modern
business practice - how to systematically understand how real businesses
operate, how to maximize your personal productivity, and how to consistently
conduct intelligent experiments to improve your results. With a little time and
effort, you can easily learn these skills on your own, without spending a lot
of money.
This
Blog was prepared for 3 categories of people:
1. For Students:
Students in the Management Faculty
use the free resource on this blog to prepare them for examinations, quiz and
assignments whereas non-management students like lawyers and Medical Doctors
can learn Business at ease.
2. Entrepreneurs
Most aspiring entrepreneurs are
reluctant to start a Business because the lack technical know-how on where to originate.
3. Small Scale Business
Micro entrepreneurs can expand their
business empire, by using formal business approach on this blog such as how to
secure loans from banks.
This
Blog has been visited over million times by readers all over the world. It has
directly saved prospective business students millions of dollars in unnecessary
tuition, fees, and interest by providing an effective, affordable, and
debt-free method of learning fundamental business principles.
Self-Education
People think MBA programs have a monopoly on
advanced business knowledge but they are wrong: you can teach yourself
everything you need to know to succeed in life and at work.
The Chap’s Diary features the
very best business notes available, based on thousands of hours of research. So
skip business school and the money you are planning to loan: you can get a
world-class business education simply by visiting this site
The Chap’s Diary is a project designed to help you
educate yourself about advanced business concepts.
This Blog will show you how to substantially increase your knowledge of
business on your own time and with little cost, all without setting foot inside
a classroom.
The
Chap’s Diary is more flexible than a traditional MBA program, doesn't involve
going into massive debt, and won't interrupt your income stream for two years.
Just spare one hour of your day here, or you could download the whole notes here, learn as much as you can, discuss what
you learn with others, then go out into the real world and make great things
happen.
If
you're interested in educating yourself about business, The Chap’s Diary is the
best place to start.
Self- Tutored MBA VS Traditional
MBA
Traditional means studying in the
classroom while self-tutored means to educate yourself.
"Whatever
be the qualifications of your tutors, your improvement must chiefly depend on
yourselves. They cannot think or labor for you, they can only put you in the
best way of thinking and laboring for yourselves. If therefore you get
knowledge, you must acquire it by your own industry."
Can a
traditional MBA program help you? Yes. You'll meet a lot of great
people and get acquainted with a few professors and corporate HR recruiters who
can help you land a new job. In exchange, you will sink deeply into debt. If
you decide to enroll in a full-time MBA program, you must also consider the
opportunity cost of lost wages and long-term investable savings.
Will a
traditional MBA teach you anything you can't learn by yourself?
Probably not. Classroom discussion can be beneficial, but there's nothing
presented in a traditional MBA program that you can't learn by studying a few
good books on the subject. Remember, the value of traditional MBA programs is not in the learning: the primary
benefit is the connection to recruiters and other students.
Is a
traditional MBA worth my time and money? Unfortunately, there's no universal
answer. If you're looking to go into advanced corporate accounting, finance,
quantitative analysis, commercial real estate, Fortune 500 management consulting,
venture capital, or investment banking, an MBA or MS in a business-related
field may be expected or required. In those cases, caveat emptor: once you decide to attend a traditional business
school, the only certainty is that you'll be up to your eyeballs in debt for a
few decades.
To clarify, here's what I'm not saying about traditional MBA
programs:
- MBA programs are completely worthless and an abject waste of time and money. If you're aiming for a job at a Fortune 50 in an industry in which you have no experience, you want to work for a company that directly rewards MBA graduates with higher pay or increased responsibility, or your employer is willing to pay the full cost of tuition, it may make sense to enroll in an MBA program. If you're an entrepreneur or middle manager at a company you like, your limited time and energy is probably best spent working on your business and learning on your own.
- You won't learn anything useful in an MBA program. Like any other life experience, what you learn is primarily determined by how much energy and attention you choose to devote to the program. You can learn many useful things in an MBA program - you just won't learn anything you can't learn elsewhere more completely / quickly / inexpensively, and you'll waste a lot of time on things that simply aren't that important.
- People who enroll in MBA programs are stupid. Prospective MBA students tend to be intelligent, driven, and ambitious, which are major assets. The irony is that the most promising MBA candidates are just as likely to succeed in business without an MBA as they are with the diploma.
Whether or not you decide that a traditional MBA
program is right for you, The Chap’s Diary is an effective, low-cost way to
educate yourself about business. Even if you're currently enrolled
or have graduated from business school, you can benefit from reading these blogs
- many current MBA candidates are active members of The Chap’s Diary community,
and find a great deal of value in reading beyond what's required for their coursework.
What
Chap’s Diary Can’t Do For You
1.
If you read my blog, you won't have
corporate recruiters beating down your door, and you won't have a pretty certificate
to hang on your wall when you're done. You will, however, have an understanding
of business that's comparable to completing a traditional business school
curriculum, along with the pleasures of not having to mortgage your life for
that understanding.
You do not need a certificate to be
able to understand, use, and hold an intelligent conversation about advanced
business topics. (Employers do, however, respond
well to portfolios. If you build a portfolio of units to capture what you learn
through the Chap’s Diary, you'll have a tangible asset to prove your hard work
and dedication during the interview process.)
2.
You can't learn about business
solely from books (or sitting in a classroom); you have to be willing to go out
and learn by doing. Whether you're working full-time for a company or building
your own business, a great deal of your knowledge will develop as a direct
result of your day-to-day work experiences, which provide the necessary context
for understanding what you read. Reading books is not enough; application of
what you read is essential.
3.
The Chap’s Diary was created to
expose you to a core set of advanced business concepts quickly and effectively.
By design, it does not include everything you might come across in business
school. If you're looking for a detailed analysis of the Black-Scholes option
pricing model and its relationship to the volatility surfaces of certain
financial derivatives, you're going to be very disappointed. The Chap’s Diary focuses on knowledge that
you'll find useful in the real
world, not what an academic professor personally finds interesting.
4.
You'll find more material about
learning who you are, what you're good at, and how to work more effectively
with other people in The Chap’s Diary than you will in a standard business
school curriculum. There's a reason why these topics are included here: these
"soft skills" are often more practical and important than theoretical
knowledge, and will help you tremendously in your everyday life and work.
5.
Working your way through notes in
this blog will take time, energy, and persistence. There is no substitute for hard work and dedication. I've
structured this program to be as easy as possible to use, but it's up to you to
put in the time and energy necessary to learn.
About the Author
Hi, I'm
an engineer i wanted to go back to school after my NYSC to learn business
management, but I couldn’t do that due to 3 challenges
I Didn’t Have the Time
I didn’t have the time to earn an MBA, I wasn’t prepared for 2 years of study (more if part-time). After spending so much time in the University, I wasnt prepared to sacrifice leisure time or time with my friends and family? I wasn’t ready to sit in class after a long day of work? My time was Limited
I didn’t have the time to earn an MBA, I wasn’t prepared for 2 years of study (more if part-time). After spending so much time in the University, I wasnt prepared to sacrifice leisure time or time with my friends and family? I wasn’t ready to sit in class after a long day of work? My time was Limited
The Cost of Schooling was Expensive
If you can’t afford the expense of business school, you better not go, taking a loan is even worse except your employer pay for at least part of your education?
If you can’t afford the expense of business school, you better not go, taking a loan is even worse except your employer pay for at least part of your education?
At
an information session for abuja that I attended, one of the alumni (an
engineer) said "if you do the math, you'll never go". In other words,
someone who had been through their program years before, who had gone about N2
million in debt (and who was still paying it off), said that he believes he
would be financially better off had he not gone. I thought this point was quite
telling.
So
instead of burdening yourself with a N2 million debt, why not try to
self-educate yourself
M.Eng vs MBA
1
I was very good at engineering ourse but going back full-time to get a Master's
Business admiration seemed awkward. When I disclosed my plans to my friends and
fellow engineers, they didn’t seem it fit for my personality. Nobody could
understand my passion for business no matter how I tried to convience them
about my plans. They opted for at least M.Eng.
I didn’t want anyone to discourage my zeal, so i had to self-educate myself
online. I spent thousands of hours of reading online, buying books, research,
discussing in different forums, watched business video and evaluation
Billionaires.
I know
there other people like me who also in this dilemma but the good news is you don’t
have to waste time doing what I did, I placed all the summary of my research from
different websites on www.chapsdiay.com
By reading this notes and applying
what you learn to your daily life, you will progressively develop a greater
understanding of business and increase your effectiveness in the working world.
Each note in the Blog has been selected
for a single purpose: to maximize your educational return on invested time.
Happy
reading!
