Work experience is an indispensable requirement in business schools in Latin America when it comes to an MBA. In spite of the fact that in many countries of the world there are master's degrees aimed at recently graduated professionals, the experience of the participants in the region is considered a key criterion of quality and guarantee of success.
In the United States and especially in Europe, unlike Latin America, there is a clear division between masters for experienced professionals and masters for university graduates with or without very little experience. For the executives of these countries, to realize, for example a Master in Management is very profitable since it supposes a first contact with the operation of a company and the possibility of acceding to a job with a qualification far superior to that has not realized A master's degree.
However, for academics of regional institutions, the ability to develop mental patterns of business problems requires repeated experiences of similar problems, so that only having these templates of problems, will find useful models and tools that schools offer them .
María Virginia Lasio, Director and Professor of Organizational Behavior of Espae-Espol, Ecuador, commented to AméricaEconomía.com, "a professional takes better advantage of an MBA if he has previous experience. Not necessarily managerial experience but having been exposed to the environment of a company or other organization. "
The specialist explained that the reflection on the experiences, from diverse conceptual perspectives in an MBA, facilitates and enriches the learning and prepares also for a future of permanent knowledge.
For most Latin American experts, the masters related to the administration have a practical orientation , one of the factors that is related more is the exchange of experiences. This is why applicants are usually asked to have at least two years of experience in a position of responsibility.
"The typical compensatory package offered to an MBA graduate with more than three years of experience can be twice as great as that offered to inexperienced graduates. Consequently, an experienced student recovers investment in masters more quickly, "explained Inca Business School dean Niels Ketelhöhn.
For his part, Ricardo Pino, director of Centrum Católica de Peru , stated that previous experience is necessary , not only for the student's learning but also for the student to contribute to the learning of the other participants in his class.
"An MBA provides collaborative learning, where analysis from different business angles helps everyone develop a broad and managerial view of business. There is interdependence in the learning of the students, "he said.
However, the academic clarified that if mastery is considered a specialization, it could be seen as an extension of the undergraduate and, therefore, the students would not see a previous experience to take an MBA.
"Many students ask why they take in an MBA some of the courses they already took in undergraduate, as if they were to repeat the same. The answer is because the approach is different. The participants' vision and analysis are enriched because they relate the issues of class with their professional day to day, something that is not achieved in undergraduate, "he said.
Masters in Management. Unlike the Latin American business schools, the European ones offer to their graduates the possibility to realize a master's degree without having previously worked . These programs, the Master in Management, address broader aspects of management, but the main difference they have with an MBA is to what type of person they are headed.
"The Masters in Management have a general character in which all the areas of a company are studied and, later, it allows to the one who realizes a specialization. It is aimed at people with little experience who want to know the operation of a company or those who are clear an area of the company and who want to access a first job with a more solid knowledge base, "explained Fernando Fontes, director of Institutional Relations for Ibero-America at IE Business School.
He added that the MBA, on the other hand, "is aimed at people with experience who have not completed a Master in Management and who want to progress in their professional career after several years of work."
According to the specialist, the European labor market also recognizes Masters in Management and MBAs in the different professional moments of each person, so it is not convenient to evaluate which is better or worse than another, or if it is really good or not one of the two.
"I think we should not talk about advantages or disadvantages of each of the programs, but the correct choice of a master, depending on the circumstances of each person and what stage of his career he is in," he concluded.
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