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Is An MBA Prestigious In Nigeria?

Is an MBA still regarded as prestigious in Nigeria? It used to be so hyped round the world. I'm currently doing one and want to know if it will give me an edge over my colleagues?

i hear everybody talking of IT certification as the in thing. Truth is everybody cannot be an IT person.

What are my chances of rising high in management with my MBA? Do i need to acquire any more qualifications?

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^^

Says who? Nobody even requires half of those things in Nigeria.

Except someone is just sorry for you and decides to help you with a job, they don't really mean much here.

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Really, at the end of the day it's what's in you that matters.

Most of us in Nigeria just join the bandwagon.

We keep acquiring certificates at all cost even if it means buying them.

I just wish we could de-emphasize paper qualifications

The most successful people in the world ain't the ones with the most qualifications.

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I think the MBA was a global fad, not just limited to Nigeria.

It's a bit more difficult in Nigeria, as there are no clear job requirements for any job per se. At least we know that Ivy League MBAs were in demand in the US financial, primarily as some sort of marketing tool. You know, Goldman Sachs or Morgan Stanley like to posit to their clients that they have teams of Harvard or Wharton grads managing their money. It may have also been some sort of elitist raising-the-bar sort of thing, making the stakes to join these companies higher.

In Nigeria, it was more of a follow-the-trend sort of thing, given the gross unpreparedness of the average Nigerian graduate for work. I mean, the average Nigerian graduate usually needs to be trained in every work skill imaginable. The foreign MBAs came with a work-ready perception that they would not require any serious re-skilling, and could even be put into supervisory positions. As most employers have found out, that was largely not the case.

When you say 'work experience overseas', what kind of work experience? If we are talking finance, if you were an ACCA or CFA with relevant work experience and a good bachelors degree, I doubt that anybody would turn their nose down at you. The problem usually is that people compete more with certificates rather than experience. When it's like that, it becomes a case of 'may the best-looking resume win'.

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Can anybody in the house tell me which schools run MBA programmes in Abuja. Thanks.

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I think an MBA from LBS is well regarded in nigeria dont know about other countries though

But i suppose with good extensive experience your colors will shine through once you are in

@ pak good thing your post didnt show up, sounds like a joke!

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MBA is basically for those whom aim to become top management.

You're basically studying Operations, Management, Marketing and Finance (these are the major areas).

Bottomline, you're trained to be a well grounded business manager.

The most important thing is that you are grounded in whatever you study.

Anybody flaunts any certificate these days even without knowing how to speak properly.

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I don't see how that is possible. Do you know anyone that graduated from Lagos BS? I doubt that IESE would permit Lagos BS to issue IESE certificates. There may be something on the certificate about the affiliation between the schools. The tuition fees for IESE is approximately 70,000 euros; why would it allow another school to issue its certificate when the students are not paying that. Even students that partake in exchange programs are not issued degrees from the school offering the exchange.

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It is not about disparaging anything. We are being realistic here. What are the chances of getting a job in Europe with an MBA from Lagos BS? What are the chances of getting a job in Europe with an MBA from Harvard, London BS, IE etc? Getting an MBA is not just about attending classes; its about the quality of the faculty, the alumni network, and the quality of students.

Lagos BS was never rated in the top 50 BS.

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MBA's are relevant and can certainly open doors. However, I believe it's important to have a core compentency as that gives you that extra edge. For example, if you've had many year's experience in IT, Accounting, Risk, Finance etc, gaining an MBA could be that tonic needed for accelerating your careers to senior management positions.  It's no longer sufficient to sell yourself exclusively as an MBA holder, with the competition growing, it may be viewed by many as being to generic (particularly the general management MBA programmes). You'll find that nowadays many successful MBA's hold other specialist qualifications such as CFA, FRM, ACCA, SAP etc ,

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Please educate me more about this online MBA thing, what factors do you have to look out for in the  school? Are there accrediting bodies that have to approve the school?, What do Nigerian employers look at before they accept you as an MBA degree holder?

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I thought the argument was about 'the best business schools in the world', not 'the best business schools in open enrolment'.

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Overall rankings of the best MBA schools in the world is many miles away from LBS!

Simple. . . .

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Hmmn, so going for the two year full-time MBA may not be a wise decision afterall. I guess people really have to do their research before choosing what school to attend but c'mon the programme should still have some clout at least in the West-African region.

It would be nice to meet some graduates of the programme and get their feedback on the programme's content and life afterwards.

Any volunteers?

I still regard the institution highly though.

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Thanks SouthSea for your incisive response.

I was just waiting for the close of work to reply to Ajanlekoko's post but you've done that brilliantly.

Though as the rookie stated, LBS was listed in the open/Executive MBA position but I think that in itself is a good Omen.

The import of this ranking is that :

1. LBS is the second best business School in Africa

2. LBS is only bettered by 4 out of the roughly 100 business schools in the UK

3. LBS is better than every business school in Germany

4. LBS is better than evry biz school in the whole of eastern europe save one

5. LBS is better than every biz sch in the whole of asia aside those with affiliations in other parts of the world

I think this is cheery news and should be worth celebrating

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http://rankings.ft.com/businessschoolrankings/executive-education---open

http://rankings.ft.com/businessschoolrankings/lagos-business-school

However, this is for global MBA ranking list in which LBS is not ranked

http://rankings.ft.com/businessschoolrankings/global-mba-rankings

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i've been contemplating on doing MBA via NOUN national open university of nigeria. can someone sincerely tell me what the prospects are?

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Online MBA and In-Class MBA, is there a difference in the value of the certificate?

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Not true.

LBS has never been rated in any ranking I have seen, not since they became Pan-African University.

Their affiliate school, IESE Navarro, is the rated B-School, not LBS. Prior to their getting a license, LBS was awarding IESE degrees.

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AN MBA FROM ANYWHERE , IN MY OPINION, WORTH'S THE SAME. THE ONLY THING THAT DIFFERS IS WHAT THE PERSON THAT READ IT HAS UPSTAIRS. I HOPE U GOT WHAT I MEAN.

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I dont know why Nigerians like to talk like this ?

Must we disparage everthing about ourselves.

This same Lagos Business School was for 3 years rated amongst the fifty best business schools in the world.

I know there are a lot of things wrong with this country but if we do not learn to appreciate the little successes we have then we will

always find it hard moving forward.

To answer the poster's question,

Anyway, I think the MBA is valuable, infact very valuable.

let me quote from the renowned consultant, Peter Drucker to buttress my point -

'Managerial talent is the scarcest, most expensive and also potentially most effective of all human resource in a business.

I have been in IT for some years now but am seriously considering getting an MBA myself.

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It is, if you can get yours from a prestigious school.

Companies in Nigeria still value those from reputable Nigerian schools too.

Unfortunately, a Nigerian MBA ain't valued in Europe and US.

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If your intention is to have an edge over your colleagues, then you should go to the best school that you can afford and that is convenient for you. Where you do an MBA matters a lot. There are lots of Nigerians doing MBA programs in the UK; so that is a standard somewhat. There is a difference between getting an MBA from Harvard, Stanford, etc and getting one from Unilag, LBS, etc.

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It would get u great jobs and networks provided it's from a great institution - pls check the link for the top 50 schools.

http://rankings.ft.com/businessschoolrankings/global-mba-rankings

I would be starting one very soon from one of the top 5.

Please go ahead with it. U fit c a 30 year old guy whey dey snr mgt for a large coy just because he's got an MBA from a top school.

so add the value.

cheers

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That is not true oooo.

Do not be deceived.

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@Poster,

An MBA is highly regarded by employers in Nigeria. However, it will depend on the school where your MBA originate.

For example, the MBA from the UK is more valued than one from any University in Nigeria.

Another example, the MBA from Nigeria rates less than first degree from UK or USA or Canada.

Don't ask me why. Ask real employers in Nigeria.

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Please, send me a direct link to this scholarship opportunity for online MBA. I have an admission for Bradford Online MBA, but the fees's too high for me. I checked the blogspot but couldn't find it.

My email is: thebishop4real@hotmail.com

Thanks.

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a prestgious university gives a prestigious certificate. Now in nija i think an MBA qualifies u to be looked upon as a first degree holder by employers.

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i disagree with u my dear.

Its not all about the cash.

An MBA is fantastic-just wait and see what happenings in 5-7years time in Nigeria.

Please if you can do an MBA grab it nowwww!!!

Even the UK is offering Nigerians full scholarships to study online MBA in any course in the UK.

For more info, go to www.naijascholarshipsandjobs.blogspot.com

All the best!

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What is prestiguos in nigeria is the cash you have.

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