Beyond MBA
An MBA is a useful tool for many students, especially those lacking business education or experience, but it's not the only option for people looking to accelerate their careers...
For example, Ivey's four-year-old Health Sector MBA is geared towards students who want to pursue careers in hospital administration, biotech and other health-related areas. Gandz says it offers the core MBA program plus electives built around industry topics and challenges. "Interest is obviously one of the things that would propel somebody into that choice," he says. Practical experience is another, which is what spurred Ricardo Ampudia, 57, to sign up for Ï㽶ÊÓƵ's International Masters in Practicing Management (IMPM) program last year. Ampudia first graduated university in 1984 with an electrical engineering degree specializing in control and electronics, and then founded his own company, AMTEK AIC Inc., in his native Mexico City. He soon realized he lacked the management experience necessary to make it grow and signed up for an MBA at Indiana's Purdue University to better understand the worlds of finance, marketing, human resources, pricing and company structure.
Ampudia says he learned a lot that helped him manage his company into international markets, but that much of his MBA studies were tailored to people looking to become CEOs at large companies. As an entrepreneur who needed more international business experience, he found that McGill's IMPM course hit the mark. The 16-month program takes place in Montreal, but students learn in five different countries - Canada, England, China, Brazil and India - where they take five nine-day modules, each focusing on different managerial mindsets (reflective, analytical, worldly, collaborative, action) for a cross-cultural experience. Students learn individually and as a group, yet also continue to work so they can apply what they learn. According to McGill, the mindset approach "helps reprogram the way participants think so they gain new insights into the challenges they face as managers." For Ampudia, who will graduate in October, the experience has been invaluable. "The program makes you engage in the learning of management in a totally different context than you have in an MBA program," he says. "I'm not saying it is better, but it is different, with different approaches and different objectives."
Dora Koop, director of International Leadership programs at the McGill Executive Institute in the university's Desautels Faculty of Management, says most IMPM students are in their 30s and 40s and, like Ampudia, come from different countries and are looking for ways to take their businesses into the future. A managerial exchange component teams students with people in global companies for job-shadowing opportunities. And every morning starts with a one-hour reflection period so students can stop and think about how the previous day's work applies to their situation...
Read full article: , March 1, 2011
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