Peter von Loesecke | The MBA Tour
With education being the most powerful tool that can change the world, The MBA Tour has successfully lived up to making an impact by taking the first step in providing unique opportunities for personal interaction between top international business schools and potential students to study abroad.
On Thursday, 12 October the annual MBA Tour hosted and featured top business schools from North America and Europe, where individuals saw top business schools which included: UPenn Wharton, Columbia, Chicago Booth, Toronto Rotman, and more.
“It was great to be in South Africa again this year, where we had 322 people register for the event compared to last year. We had representatives from business schools that conducted specific talks, panels, and presentations which all gave insight on the importance of studying abroad and how this can benefit individuals. This tour also showcased that MBAs abroad are not only for a higher LSM, but rather those who are determined and driven to achieve their goals,” says Peter von Loesecke, CEO & Managing Director of The MBA Tour.
Based on research it is clear that there is a definite increase in the motivation to study towards an MBA. In 2014 alone, some of South Africa’s leading business schools recorded high registration numbers for prospective students enlisting for a Masters of Business Administration (MBA). However ,an MBA combined with other experience like engineering or operations can help someone with that experience to differentiate themselves in the workplace. “It is an essential qualification to understand how strong brands prevail in the marketplace, as well as why well managed distribution channels often define market success rather than the product itself, and how powerful supply chains become a competitive global advantage”, says von Loesecke.
The MBA Tour also emphasised that studying abroad is not something that is impossible and completely out of reach. The main focus of this tour was to bring top business schools from across the world to meet and build relationships with potential MBA students in Johannesburg, as well as to open up valuable channels of communication.
“The MBA is definitely worth the cost if you have the right combination of experience, motivation to succeed, and career path in mind. Many successful entrepreneurs began their careers in industry, but were able to exploit “disrupters” in their industries to build a new business model for delivering goods and services. We are looking forward to seeing how many South Africans seize the opportunity and enrol following this tour,” concluded von Loesecke.