How to give Your Child the Best chance of Succeeding in Business

A respected qualification in business can be vital for the start of a new career. But which is it to be? An MBA from Harvard, or a business qualification from Oxford University? And how is your child going to get there?

Its important to understand that real business success starts in the early part of school life, with SATs and 11+ exams the tests that put children in the sets they’ll be studying in for the next few years of their school lives. I’ve taken a look at some of the most common requirements for getting a good business education, starting with the most respected institutions for the MBA and working back.

Succeeding in Business

Find the right university

To get the best chance of being picked up by a serious player once he or she has finished his or her MBA, your child needs to have finished higher education in the right place. Harvard Business School in the US, and Oxford University in the UK, are top of the tree for business qualifications.

Entry requirements for both are insanely difficult, and winnow all but the most promising wheat from the chaff. Expect rigorous entry examinations, multiple interviews and an educational career path that can begin at ages as young as 10 or 11. If your child wants an Oxbridge or Ivy League business degree, he or she needs to be encouraged to display his or her potential from a young age.

Get a good degree but don’t stop there

To do an MBA, you don’t need to have a degree in Business Studies (though it may help). To take an MBA at Harvard or Oxfords Said Business School, you need a high class (2:1 or above) degree, plus the ability to back up your application with strong evidence of your exceptional character and abilities. So you also need to be able to show how you have led by example, managed projects, and displayed a creative ability to create interest or develop projects in your chosen field. The more societies and extracurricular activities you have been involved in, the better.

Excel in your A Levels

To get a good degree, you need a good foundation. A Levels prepare you to an extent for work in the university environment. More importantly, A Levels lay the foundation for subject knowledge and expertise. You cant do a science or economics degree, for example, without first having A Levels in science or maths. Bear in mind that a career in business requires expertise in market areas as well as in business practice so it is a good idea to combine a business A Level with subjects that have direct application on a market level. A combined degree, with business and subject-specific elements, may follow.

Get in the right set

Pupils who show the most potential for achieving high results are most likely to be given the best chances of doing so. In the UK, pupils are segregated into sets based on their results in SATs and 11+ exams. It is at this stage of a child’s education that he or she begins to follow the path his or her education will travel. Getting your child to take the test today can give a good indication of what he or she needs to do to play to his or her strengths.