Category: Tools & Resources for MBAs

MBA Students and Financial Literacy

MBA students need to develop the knowledge and skills to manage their financial resources effectively so that they will have a lifetime of financial wellbeing. Most MBA programs do not help their students develop financial literacy. Accordingly, developing the knowledge and skills to become financially literate is an individual MBA student’s responsibility.

As a newly accepted MBA student or a currently enrolled MBA student, are you prepared to address the financial wellbeing issues resulting from your participation in an MBA program?

April is financial literacy month in the United States. However, generally, financial literacy is not a discernible part of the modern-day MBA curriculum. Designers of MBA curriculum either assume: 1) that MBA students will extract the bits and pieces from the curriculum—as they progress through their program—to make them financially literate and better managers of their personal-financial resources or 2) that financial literacy development is not appropriate for an MBA program. Thus, most MBA programs focus on helping managers and leaders become more effective at managing an organization’s resources and very little, if at all, on helping them to become more effective managers of their own resources. In my opinion, the skill sets and knowledge that make up financial literacy are as critical to an MBA graduate’s career success and wellbeing as are the concepts included in the MBA curriculum.

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MBAs – Do You Know How You Are Spending Your Online Time?

Do you know how much time you spend working with your computer each day? More importantly, how much of that time is productive? Most MBA students cannot answer these two questions with any certainty. However, MBA students run the risk of productivity loss because of their dependence on technology and multitasking. As aspiring executives, MBA students need to understand where their time actually goes each waking hour.

Click on the title to learn how to find out the answers to these questions.

MBA Students: Bookmark, Share, and Annotate Web Pages with Diigo

Bookmarking, sharing, and annotating web pages found during a productive web search is particularly troublesome for me, and I am sure this is true for many others, especially MBA students. Why? Because search technologies make it so easy to find large quantities of material that may prove useful to a project or search objective. In collaborative work environments, such as MBA programs, search is only one part of the workflow. Making notes and sharing findings is another critical aspect. With this need in mind, I am always looking for tools and techniques to help me manage what I find. One of the tools I discovered and frequently use is Diigo, a browser add-on tool and cloud-based information management service. Having used Diigo for more than two years, I can recommend this tool to MBA students and MBA faculty members. Click on the title to learn more about how Diigo can help MBA student live and work smarter.

MBA Students and Survey Tools

Sometime during their MBA program, MBA students learn the importance of data collection and the role data plays in decision-making. However, they are unlikely to learn much about the logistics of data collection, such as questionnaire design and the use of web-based survey tools. While learning the logistics of data collection may not be part of the curriculum of most MBA programs, it is important because logistical issues can make a significant difference to decision makers and the quality of the decisions they make. One way of learning some of the basics is for MBA students to begin using several of the available tools while they are earning their MBA degree.

Two tools with which I am familiar and use on a regular basis are SurveyMonkey and Google Forms. I use each for survey data collection and for standardizing data collection when manually collecting data from multiple sources, such as websites. Google Forms is free and SurveyMonkey has a reduced-capabilities version that is also free. Even though their names imply otherwise, both tools are useful for data collection when using either a questionnaire or a form.

MBA Student File-Sharing Tools Revisited

MBA students working together with one or more classmates in order to complete an assignment is a norm in most MBA programs. Working together successfully often depends on how well the group shares information. This usually means sharing a document or file of some kind, such as an MS Word document, PowerPoint presentation, PDF file, picture, graphic, or a spreadsheet. While MBA students working together may be the norm for most MBA programs, providing students effective and efficient ways of sharing documents is not. The answer for most MBA programs is to let students find their own solution, which usually means using email and file attachments. Much better solutions are available, many of which are consumer-focused, user friendly, and free.

Case Studies Can Help MBA Students Prepare for Job Interviews

MBA faculty members routinely assign cases as a way to help MBA students develop problem-solving and analytic skills. Therefore, most MBA students are very familiar with the case study as a tool for learning. Unfortunately, many of these same MBA students fail to see how case studies can benefit them beyond the classroom. While it may not be obvious, I believe MBA students can use case studies for career development and professional advancement—for example, in preparing for a job interview.