Online Prep Courses Strengthen Business Acumen
MBA IQ and the Association of Professionals in Business Management (APBM) develop business acumen certifications and assessments, and we were so wowed by these programs that we wanted to share them with our blog readers and clients.
These tools are designed to enhance your knowledge of business and can be a great way to help you determine if an MBA is right for you, or as Pre-MBA preparation if you have already been accepted into a program.
There are three program levels for you to consider:
The MBA IQ is a business acumen assessment comprised of 12 modules covering all functional areas of business (e.g., marketing, sales, operations, IT, finance, accounting). You should consider the MBA IQ if you want to brush up on your business knowledge before you begin your MBA.
The MBA IQ requires approximately 20 hours to complete and will help you baseline your current business knowledge and understand your knowledge gaps.The assessment includes reading assignments, flashcards, and quizzes. At the end of the assessment you receive a complete knowledge transcript that summarizes your performance by module. The MBA IQ costs $195 to complete, including course and transcript.
The Certified Associate Business Manager (CABM) is a business acumen certification comprised of 10 modules covering all functional areas of business and a final exam. You should consider the CABM if you desire a more in depth business overview before your MBA or if you want to differentiate your MBA application.
The CABM requires approximately 6 months to complete and will certify your business knowledge at the pre-MBA level.The certification includes a full course of ebooks, podcasts, lecture notes, pre-test, post-test, flashcards, and quizzes. The final exam will certify your knowledge. The CABM is recognized by top business school programs and can aid in your application process. The CABM costs $1,200 to complete, including course and exam.
The Certified Business Manager (CBM) is a business acumen certification comprised of 10 modules covering all functional areas of business and a final exam. The CBM is an intense year-long program covering all topics addressed in an MBA program. The certification includes a full course of ebooks, podcasts, lecture notes, pre-test, post-test, flashcards, and quizzes.
There are four parts each with a final exam will certify your knowledge, and the last exam is a written analysis of a Harvard Business School case study. This way you can experience an actual MBA-level exam before you start your MBA, thereby decreasing your learning-curve in MBA academics. The CBM is recognized by top business school programs and can aid in your application process. The CBM is similar to a CFA program, except that it covers all areas of business, and costs $4,000 for all 4 parts.
According to a recent Poets & Quants interview with MBA IQ founder Devi Vallabhaneni, The University of Chicago’s Booth School of Business recently began offering the MBA IQ to newly admitted and returning students for $175 per person.
“We had been looking for things aside from just pre-MBA accounting [to help students prepare],” Christine Gramhofer, director of academic services for Booth’s full-time MBA program, tells Poets & Quants. “What I appreciate about MBA IQ aside from just the quizzes and flashcards is that the layout of the material is very easy to get to. Definitions are clear. This material is a long time coming.”