MIB vs. MBA vs. EMBA Degree: Which Is Right for You?

Graduate business education is a great way for ambitious professionals to learn new skills, forge new connections, and enhance their careers. Whether you’ve recently finished an undergraduate degree or have 15 years of professional experience, there is a graduate degree program for you. 

However, deciding on the best program for your needs and goals can be difficult. Should you choose a Master in International Business (MIB), a Master of Business Administration (MBA), or an Executive Masters of Business Administration (EMBA)? Read on to find out which option is right for you and your career goals. 

Stand Out on the World Stage with a Master in International Business 

Today’s business world is increasingly globalized. Even small start-ups have an international focus and are targeting customers worldwide. This is partly because of technology. Digitalization has made it easier than ever to share your product across borders and time zones.   

An MIB is perfect for recent graduates with global ambitions. At Business School Lausanne, students can choose between the MIB with concentration in Entrepreneurial Leadership and the MIB with concentration in Finance. 

Connect with students from around the world at BSL

Not only will the skills and knowledge that you gain help you to succeed internationally, but you will also have the opportunity to build an international network during your studies. For example, MIB students at BSL can choose to complete an optional six-month exchange in China, helping them learn about international markets as well as another business culture and language. In addition, more than 80% of the students at BSL are international, meaning that you will have plenty of opportunities to connect with students from other countries. This can help students improve their cross-cultural communication skills and prepare them to excel in a globalized business world.

Part of what makes BSL’s MIB program unique is the capstone experience, which students can tailor to match their professional goals. Students have the opportunity to choose between an internship or a thesis, with many opting for the internship in order to expand their professional network and gain experience in Switzerland or abroad. With the support of the Careers Office, students can do their six-month internship at a non-profit, international organization, or business of their choice. This offers students the chance to gain professional experience and perhaps even a job offer during their studies. 

Access New Opportunities With an MBA

If you already have a few years of professional experience behind you, an MBA could help you advance even further in your career. Designed for professionals who have a minimum of five years of work experience, the MBA programs at BSL can help you gain the qualifications you need to access new opportunities and handle new responsibilities. Students can choose to complete their studies on a part-time or full-time basis, with the part-time option being especially ideal for students who want to continue working as they study. 

At BSL, students can choose between the MBA in Business Transformation and Entrepreneurship and the MBA in Sustainable Business. The entrepreneurship degree is perfect for professionals who dream of starting their own business. And for students with an interest in sustainability, the Sustainable Business program provides the opportunity to start a project of your choice using the information you have learned throughout the course.

Develop the skills to start your own business after an entrepreneurship degree

If you already have a few years of work experience and a Bachelor’s degree, then an MBA could help you to realize your ambition and ignite your entrepreneurial spirit. Students with a Master’s degree are also welcome to apply, and can benefit from an MBA. 

Experienced Professionals Can Advance Even Further with an EMBA Degree

Similarly to the MBA program, students at BSL can choose between the EMBA degree in Business Transformation and Entrepreneurship or the EMBA in Sustainable Development. The executive MBA is perfect for professionals who already have several years of managerial experience, and who are looking to network with other experienced leaders while enhancing their expertise. In fact, the average student has approximately 12 years of work experience. 

If you have been working for several years and are ready for a new challenge, want to take a step up, transition to a different industry, or even start your own business, an Executive MBA could be the training that you need. 

Do you want to learn more about earning an executive master degree, MIB, or MBA?

Contact Business School Lausanne today!

Business Innovation Week Inspires Students and Alumni in Uncertain Times

Business Innovation Week (BSW) at Business School Lausanne (BSL) brings together inspirational speakers, students and alumni. The four-day-long event includes panel discussions, workshops, networking, and more. The outbreak of the coronavirus earlier this year meant that the student organizers behind this term’s BIW event had to quickly rethink their strategy. 

The recent BIW event took place online from May 5th – 8th and focused on entrepreneurship in uncertain times. We spoke with Elias Raffoul, president of the student council and also a master’s student at BSL, who led the organization of the recent BIW event. He told us a bit about this year’s ‘virtual event’ and how the team managed some of the challenges presented by COVID-19. 

Logistics: Moving Business Innovation Week Online 

The first and most obvious challenge presented by COVID-19 was moving everything from a physical space to a virtual one. “After three weeks of organization, we flipped everything online” Elias explains. This created some challenges because “It’s more difficult to involve people and to make students participate”. In order to prevent background noise or interruption, the organizers asked students to keep their mics on mute unless approved by the committee.  

However, the online format also presented some advantages. “The advantage was that there were no boundaries,” says Elias, adding that “You can invite speakers from all over the world. We had three speakers from Brazil, which we were unable to do before.” That unique advantage is one that might be used in future events, in order to involve inspirational speakers and organizations from all four corners of the world.

The online format meant that speakers from anywhere in the world could attend

Relevance: Adapting the Theme for COVID-19 

The outbreak of the coronavirus has had a huge impact on businesses worldwide. The student council at BSL felt it was important to adapt the theme of the event so that it was relevant to students during this unprecedented time. 

The original topic for the week was innovation. However, in response to COVID-19 this was adapted. Elias explains that “We wanted to do something focused on the current situation, and how you can adapt to the current situation as an entrepreneur”. This would be particularly relevant to students enrolled in an entrepreneurship degree at BSL. 

Hands-on Challenge:  A Very Real Simulation for Students at Our Business School in Switzerland

As well as presentations and panel discussions, workshops are an important component of BIW. The team at BSL decided to replace the workshop sessions with a virtual challenge using a simulation format. 

On day two, the students were split into 10 groups as part of an entrepreneurial challenge. As part of the competition, teams were asked to create a business plan for a futuristic project. Students had to plan everything, including whether they would rent or buy a factory, whether they would take a loan from the bank, how many products they would produce, how many employees they would hire, how to market the product, and more. The simulation covered everything from marketing to finance, entrepreneurship, and decision-making. This was an important part of the simulation because students at BSL can study an MIB in finance, marketing, and more. 

For all involved, the virtual event offered an interactive and inspirational experience. 

Do you want to find out more about attending our business school in Switzerland?

Contact BSL to take the first steps towards an inspiring career!