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Result 1
TitleMaster of Business Administration (MBA) Definition
Urlhttps://www.investopedia.com/terms/m/mba.asp
DescriptionA master of business administration (MBA) is a graduate degree that provides theoretical and practical training for business management
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Organic Position
H1Master of Business Administration (MBA)
H2What Is a Master of Business Administration?
Understanding Master of Business Administration (MBA)
Specialized MBA Programs
Special Considerations
H3Key Takeaways
Related Terms
Related Articles
Should You Head Back to Business School?
When Is an MBA Worth It?
MBA vs. Master of Finance: What's the Difference?
25 Highest Paid Occupations in the U.S
Traditional MBA or Business Graduate Degree?
What Is the Average Salary for an MBA Graduate?
H2WithAnchorsWhat Is a Master of Business Administration?
Understanding Master of Business Administration (MBA)
Specialized MBA Programs
Special Considerations
BodyMaster of Business Administration (MBA) By Julia Kagan Full Bio Julia Kagan has written about personal finance for more than 25 years and for Investopedia since 2014. The former editor of Consumer Reports, she is an expert in credit and debt, retirement planning, home ownership, employment issues, and insurance. She is a graduate of Bryn Mawr College (A.B., history) and has an MFA in creative nonfiction from Bennington College. Learn about our editorial policies Updated April 23, 2021 Reviewed by Margaret James Reviewed by Margaret James Full Bio Peggy James is a CPA with over 9 years of experience in accounting and finance, including corporate, nonprofit, and personal finance environments. She most recently worked at Duke University and is the owner of Peggy James, CPA, PLLC, serving small businesses, nonprofits, solopreneurs, freelancers, and individuals. Learn about our Financial Review Board Degrees & Certifications CFA CPA Finra Exams MBA What Is a Master of Business Administration? . A master of business administration (MBA) is a graduate degree that provides theoretical and practical training for business or investment management. An MBA is designed to help graduates gain a better understanding of general business management functions. An MBA degree can have a general focus or a specific focus in fields such as accounting, finance, or marketing, and relationship management. Key Takeaways. An MBA is a graduate business degree focused on management.MBA students can also focus on other aspects of business, like finance or risk management.Many schools now offer specialty programs, like sports management, entrepreneurship, the entertainment business, or healthcare management.Executive MBA programs are available for experienced professionals who cannot commit to a full-time schedule. Understanding Master of Business Administration (MBA) . A master of business administration (MBA) is a level up from an undergraduate business degree and generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria. It is not uncommon to gain professional experience before applying to elite MBA programs. MBA programs typically include core classes in accounting, management, finance, marketing, and business law. Management training is at the heart of any MBA curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human sides of running a large or small business. Increasingly, MBA programs are broadening their focus to include training in international business and to focus on the responsibilities and corporate accountability of businesses within their communities. The MBA degree is seen as essential to enter certain fields, including strategic planning, hedge funds, and private equity firms. Other financial services fields, however, may no longer consider an MBA an entry-level degree to get started. 1:31 MBA Vs Executive MBA: Which Is Better? . Specialized MBA Programs . While MBA candidates can focus on one of the core disciplines of the degree, such as management or finance, many MBA programs allow students to develop concentrations in specific industries. For example, an MBA student might specialize in sports management, entrepreneurship, the entertainment business, or healthcare management. Even within a management specialty, MBA degrees can allow a concentration on information technology, hospitality, education, or criminal justice. Some MBA programs team up with various professional healthcare programs, such as nursing schools, to offer joint degrees. Special Considerations . Specialized MBA programs are also available for students whose lives and careers do not permit them to attend school full time. For example, executive MBA programs are designed for working professionals hoping to add to their credentials and qualifications. These courses of study typically schedule classes for nights and weekends, sometimes also requiring short residencies of intensive coursework. Executive MBA programs are typically only open to candidates who already have substantial professional experience, and they thus tend to focus on more advanced topics such as leadership development. Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Service Name Description Related Terms. What Is The Marshall School of Business? The University of Southern California (USC)'s Marshall School of Business offers a variety of both undergraduate and graduate programs. more What Does Mendoza College of Business Mean? Mendoza College of Business is a business school located at the University of Notre Dame in Notre Dame, Indiana. more Yale School of Management Yale School of Management is Yale University's graduate business school, and one of the top schools in the country. more The Marriott School of Business The Marriott School of Business is the business school of the Brigham Young University. more What Is the Questrom School of Business? The Questrom School of Business is the business school located at Boston University. It was previously known as the Boston University School of Management. more Wake Forest University School of Business Definition Wake Forest University School of Business is the business school of Wake Forest University. more Partner Links Related Articles. Career Advice Should You Head Back to Business School? Financial Advisor Careers When Is an MBA Worth It? MBA MBA vs. Master of Finance: What's the Difference? Salaries & Compensation 25 Highest Paid Occupations in the U.S. MBA Traditional MBA or Business Graduate Degree? MBA What Is the Average Salary for an MBA Graduate? About Us Terms of Use Dictionary Editorial Policy Advertise News Privacy Policy Contact Us Careers California Privacy Notice # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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TitleWhat an MBA Degree Is and What You Need to Know | Top
Urlhttps://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/what-an-mba-degree-is-and-what-you-need-to-know
DescriptionMBA is the common abbreviation for a Master of Business Administration degree, and recipients typically stop attending school after receiving it. However, those ...
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TitleWhat Is an MBA Degree? MBA Programs and What MBA Stands For
Urlhttps://www.mba.com/explore-programs/choose-and-compare-programs/what-is-an-mba
DescriptionYou’ve heard of the MBA degree, but what does MBA stand for? Learn about the MBA definition, MBA program types, MBA syllabus, and MBA jobs you could get
Date5 days ago
Organic Position3
H1What Is an MBA? All About the MBA Degree and MBA Programs
H2Marco De Novellis - BusinessBecause
Share
What does MBA stand for? MBA definition
Who is an MBA degree for?
Types of MBA programs
MBA courses and curriculum
MBA jobs: What can you do with an MBA?
MBA salary: What can you earn?
MBA cost: Is an MBA worth it?
MBA admissions: Applying for an MBA
Marco De Novellis - BusinessBecause
Become an mba.com Insider
H3Become an mba.com Insider
Top MBA Programs
Interactive Tool: Estimate Your Post-MBA Salary
MBA Return on Investment Calculator
The Ultimate Business School Application Checklist
H2WithAnchorsMarco De Novellis - BusinessBecause
Share
What does MBA stand for? MBA definition
Who is an MBA degree for?
Types of MBA programs
MBA courses and curriculum
MBA jobs: What can you do with an MBA?
MBA salary: What can you earn?
MBA cost: Is an MBA worth it?
MBA admissions: Applying for an MBA
Marco De Novellis - BusinessBecause
Become an mba.com Insider
BodyWhat Is an MBA? All About the MBA Degree and MBA Programs January 7, 2022 Marco De Novellis - BusinessBecause. Marco De Novellis is Senior Editor for BusinessBecause and GMAC Media. Share. The MBA is the world’s most popular graduate management degree. Employers love it and students can’t get enough of it. Thousands of ambitious professionals apply to different types of MBA program each year. As a generalist degree, the MBA gives you fundamental management knowledge, meaning you’ll get a holistic view of business across areas like marketing, finance, and accounting, all while developing those vital soft skills and leadership skills. Famous MBA alumni include CEOs of multinational companies, successful entrepreneurs, and former Presidents. George W. Bush, Michael Bloomberg, Tim Cook, Satya Nadella, Sundar Pichai, Sheryl Sandberg—they all have MBAs. So what can you do with an MBA degree? What types of MBA programs are available? And is an MBA worth it? What does MBA stand for? MBA definition. MBA stands for Master of Business Administration. First introduced by Harvard University Graduate School of Administration in 1908 (now Harvard Business School), the MBA is the original graduate degree offered by business schools globally. Having “MBA” on your resume will help you stand out to employers, but the true meaning of the MBA goes beyond three letters on a sheet. During an MBA, you’ll build your business knowledge, grow your professional network, and boost your career and salary prospects. Become an mba.com Insider . Create your free account to access exclusive content, application resources, free Official GMAT™ prep, and exclusive pricing on prep products. Free Account Who is an MBA degree for? There is no typical MBA student. While historically MBA students pursued careers in finance or consulting, the average MBA class today is filled with students from a wide variety of professional backgrounds. There are 69 nationalities represented in the Harvard MBA class of 2022. Forty-four percent of students are women and 45 percent are US minority students. Students come from the technology industry, manufacturing, healthcare, nonprofits, the media, and the military, as well as finance and consulting. At INSEAD, 88 nationalities are represented in the MBA class and students come from academic backgrounds ranging from business and engineering to the arts and political sciences. According the Graduate Management Admission Council™ (GMAC™), the top career motivations for prospective MBA students include: salary increase, promotion to senior positions, managing people, and working internationally—and these benefits are just some of the many reasons to get an MBA.   Whatever your background, if you want to learn management skills and advance your career, the MBA is for you; whether you want to start your own business, progress within your current company, switch function, industry, location, or all three at the same time. “An MBA is not just designed to equip students for their next job post-graduation; it’s a life changing experience that enables students to make career changes five, 10, and 15 years post-MBA, thanks to the skills they learn and the network that lasts long after graduation,” says Virginie Fougea, global director of admissions and financial aid at INSEAD. Types of MBA programs. While the traditional full-time MBA degree is a popular option, the MBA today comes in all shapes and sizes. Business schools offer various types of MBA programs suited to different profiles of students.   Full-time MBA The full-time MBA is the original, immersive, on-campus experience, designed for early and mid-career students who may be looking to completely change career path. The two-year, full-time MBA program is most popular in the United States and offered by the group of elite M7 Business Schools. The one-year MBA is especially popular in Europe and Asia, offering an accelerated experience and less time out of the workplace, although full-time MBAs come in a variety of formats. INSEAD’s MBA takes just 10 months to complete, while London Business School offers flexible exit points after 15, 18, or 21 months of study. Top MBA Programs . What are the best MBA programs for you? Check out our list of top MBA programs by GMAT score sending, featuring HBS, Stanford, and Wharton. Read More Part-time MBA The part-time MBA allows you to combine work and study, meaning you don’t miss out on your salary and the opportunity cost of pursuing a full-time program. Part-time MBA classes typically take place in evenings, weekends, or in flexible modular formats, combining online learning with in-person sessions. Executive MBA The Executive MBA is a part-time MBA program targeted at experienced, executive-level professionals with over 10 years of work experience. EMBA programs bring senior leaders together to upskill, network, and knowledge share, with participants bringing their professional projects into the classroom. Online MBA The Online MBA is a super-flexible, part-time MBA experience, allowing you to continue working while studying from the comfort of your home. Online MBA programs typically require a residential component (1-2 weeks), although there are an increasing number of 100 percent-online MBA programs. Many online MBAs also allow you to pay per module and plan your own study time. This means durations for online MBA programs can vary, although most take around two years to complete. MBA specializations While the MBA is a generalist degree, you can specialize in areas you’re interested in. Business schools offer various MBA specializations including MBAs in healthcare management, business analytics, entrepreneurship, finance, marketing, and HR. These usually combine core MBA courses in management with a specialist track of courses focused on your area of interest. In the US, STEM MBA programs have specializations that incorporate STEM topics and international graduates from STEM MBAs can stay and work in the US for up to three years without an H-1B visa. You can also pursue dual degrees at most business schools, combining your MBA with a specialized business master’s, or cross-university programs like the JD MBA, offered jointly by law and business schools. MBA courses and curriculum. The MBA curriculum is typically divided into two parts: Core MBA courses cover the foundations of general management. Core courses typical of MBA programs include: Accounting Business Communication Business Ethics Business Strategy Data Analytics Economics Finance Leadership Marketing Operations Elective MBA courses give you the opportunity to select courses that best match your individual career goals. You usually study the core MBA syllabus before choosing electives in the second half of the program. There are a wide variety of elective courses covering anything from HR management, nonprofit management, entrepreneurship, sustainability and CSR, to cutting-edge topics like artificial intelligence and blockchain. Most MBA courses are taught using the case study method, made famous by Harvard Business School, which sees students analyze case studies of business successes or failures before discussing them in class. You learn the business theory during an MBA before applying your learnings in group project work or even real-world consulting projects. Outside class, you can immerse yourself in all aspects of business school life: MBA clubs, extracurriculars, networking events, conferences, competitions, company visits, and exciting international immersions. What’s it like being an MBA student? “The irony of the MBA is that it’s usually pursued in an effort to stand out, but during the experience your interaction with so many interesting, driven, and stimulating people is both humbling and inspiring,” says Pascal Michels, former MBA student and MBA admissions director at IESE Business School, now a director and consultant at MBA admissions consulting firm Menlo Coaching. “Beyond the academics, an MBA is really about the people you meet; the friendships forged in heated classroom discussions and late-night team meetings—that’s what triggers much of the personal growth.” MBA jobs: What can you do with an MBA? What can you do with an MBA degree? Pretty much anything you set your mind to. An MBA prepares you for jobs in a variety of industries and roles. Typical MBA jobs include: Finance Manager Financial Advisor HR Manager Investment Banker IT Manager Management Analyst Management Consultant Marketing Manager Operations Manager Employers love hiring MBA graduates and many recruit on campus. According to GMAC’s Corporate Recruiters Survey, 91 percent of global employers plan to hire MBAs in 2021 despite the impact of COVID-19. Increasingly, MBA graduates can be found in industries ranging from healthcare to nonprofits working for both multinationals and startups, and many start businesses of their own. In 2020, 18 percent of Stanford Graduate School of Business graduates dedicated themselves to entrepreneurship and launched their own ventures. Companies that hire the most MBAs include the Big Three management consulting firms, Bain, BCG, and McKinsey; Big Tech firms like Amazon, Google, and Microsoft; and accounting firms like Accenture, Deloitte, and EY. Several years after graduation, MBAs progress to senior, executive-level jobs. Many Fortune 500 CEOs—including the CEOs of Apple, JP Morgan, Microsoft, and Walmart—have MBAs. “When we hire an MBA grad, the global perspective and diversity of experiences they have allows them to plug right into Bain, and any of our capability areas, and start helping our clients succeed in their industries,” says Keith Bevans, global head of consultant recruiting at Bain & Company. MBA salary: What can you earn? Getting an MBA degree will boost your salary prospects. MBA students from top-ranked business schools in the United States can expect to earn starting salaries of between US$120k and US$160k on average after graduation, as well as lucrative signing and performance bonuses. Three years after graduation, MBA salaries can increase by well over 100 percent. Across the top 10 MBA programs ranked by the Financial Times in 2021, students increased their salaries by more than 118 percent on average three years after their MBA. Interactive Tool: Estimate Your Post-MBA Salary . How much could an MBA increase your salary? Use our MBA salary calculator to estimate your post-MBA salary based on real data from alumni and top employers. Read More   Your average MBA salary prospects naturally vary depending on your industry, role, and the business school you go to. The highest-paying MBA jobs tend to be in finance or consulting. Consulting salaries for MBA graduates can reach US$170k after graduation. The average MBA salary in the US is around US$107k after graduation, although MBA salary also varies by location. Based on your experience level and industry, you can estimate your post-MBA salary using our interactive tool. MBA cost: Is an MBA worth it? How much does an MBA cost? According to the BusinessBecause Cost of MBA Report 2020, the average total cost of studying one of the world’s top-ranked full-time MBA programs is US$168k. This figure includes the cost of tuition, additional fees, living expenses, and healthcare insurance. The cost of an MBA varies significantly depending on where you study. The average total cost of a top-ranked, full-time MBA program in the US is US$213k, while in Asia it’s US$98k. Tuition fees for top-ranked full-time MBA programs vary from US$49k to over US$158k, according to BusinessBecause. There are many more affordable full-time MBA programs too that deliver similar quality of learning and outcomes. Nottingham Business School, priced at $29k for internationals, and Aston Business School, US$36k, offer two of the most affordable MBA programs in the UK. MBA Return on Investment Calculator . Use our ROI Calculator and play out your earning scenarios with and without an MBA. Read More   If you’re living at home and working alongside a Part-time MBA, Online MBA, or Executive MBA program, you won’t pay additional fees related to living costs and you won’t face the opportunity cost from missing out on your salary. What’s more, business schools offer a variety of MBA scholarships and financial aid to help you fund your tuition, meaning—for full-time MBAs especially—you’ll rarely pay the full cost of tuition for your MBA. These benefits—plus the post-MBA salary, skills, and network you’ll gain—mean you shouldn’t let the price of an MBA put you off when weighing up your return on investment (MBA ROI). If you can find the best fit MBA program that can deliver on your personal ambitions and career goals, then an MBA is more than worth it. MBA admissions: Applying for an MBA. What are the standard MBA admission requirements? Most business schools require an undergraduate degree or equivalent qualification and a minimum level of work experience. You’ll need to prepare your application materials—resume, essays, recommendation letters, and GMAT—before applying by an MBA application round deadline. If successful, you’ll progress to an interview before getting a final offer of acceptance. The Ultimate Business School Application Checklist . Use our business school application checklist and timeline to nail the admissions process and access useful mba.com resources right when you need them.  FREE CHECKLIST   Applying to business school can be competitive, with MBA acceptance rates for top-ranked MBA programs as low as 8.9 percent, at Stanford, although most top-tier programs admit 20-to-60 percent of applicants, according to BusinessBecause. The GMAT exam is a key performance indicator for business schools, but schools consider your holistic profile, looking at all aspects of your application together. “Strong candidates have a habit of leadership in past and current endeavors, analytical appetite and curiosity, and a penchant for contributing to the success of a community. We want to get to know each applicant and to try to understand how s/he will contribute in our classrooms and community,” says Chad Losee, Harvard Business School’s MBA admissions director. Now you know what an MBA is and how an MBA can benefit your career, it’s time to take the next step and apply. The MBA application process requires organization and perseverance, and you’ll need to do your research to find the business school that best matches your personality, areas of interest, and career goals. Find out how to navigate the full-time MBA admissions process and more in our free-to-download Full-Time MBA Application Guide. FREE GUIDE Marco De Novellis - BusinessBecause. Marco De Novellis is Senior Editor for BusinessBecause and GMAC Media, with responsibilities across editorial direction and content strategy for BusinessBecause and mba.com. Marco is an experienced writer of 1000+ articles covering business education, management, and careers. He writes for industry organizations including GMAC and AACSB, and speaks at major business education media conferences on content marketing strategies for business schools.  Marco is the creator and host of the podcast series The Business School Question. He’s featured as a guest speaker on podcasts for Accepted.com, ClearAdmit, and InsideTheGMAT. Marco is also the author of Changing Careers, Changing Lives, a book of alumni stories written for a leading Chinese business school. Marco earned a B.A. in History from the University of Leeds and recently completed The London School of Economics MBA Essentials course. Become an mba.com Insider. Create your free account to access exclusive content, application resources, free Official GMAT™ prep, and exclusive pricing on prep products. Free Account Close Back to Top
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Result 5
TitleWhen Is an MBA Worth It? Pros & Cons Guide
Urlhttps://www.investopedia.com/articles/personal-finance/011415/when-mba-worth-it.asp
DescriptionEarning an MBA can enhance one's career path or help land a high-paying job. It also involves substantial expense and time. Discover when it makes sense
Date
Organic Position4
H1When Is an MBA Worth It?
H2Understanding the MBA Degree
MBA Degree Pros and Cons
What MBA Degree Program Alumni Think
MBA Degree Alternatives
Is an MBA Worth it FAQs
The Bottom Line
H3Full-Time vs. Part-Time Programs
Grades and GMAT Scores
How much does an MBA increase your salary?
How many Years does it take to get an MBA degree?
What is the best age to do an MBA?
What does MBA stand for?
Is an MBA a master's degree?
Article Sources
Related Articles
Should You Head Back to Business School?
What's the Difference Between a Part-Time and Full-Time MBA?
MBA vs. Master of Finance: What's the Difference?
The Real Cost of an MBA
10 Companies That Will Pay for Your MBA (BAC, WFC)
MBA Programs Admissions
Related Terms
H2WithAnchorsUnderstanding the MBA Degree
MBA Degree Pros and Cons
What MBA Degree Program Alumni Think
MBA Degree Alternatives
Is an MBA Worth it FAQs
The Bottom Line
BodyWhen Is an MBA Worth It? By Adam Hayes Full Bio Adam Hayes is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7 & 63 licenses. He currently researches and teaches at the Hebrew University in Jerusalem. Learn about our editorial policies Updated June 30, 2021 Reviewed by Lea D. Uradu Reviewed by Lea D. Uradu Full Bio Lea Uradu, J.D. is graduate of the University of Maryland School of Law, a Maryland State Registered Tax Preparer, State Certified Notary Public, Certified VITA Tax Preparer, IRS Annual Filing Season Program Participant, Tax Writer, and Founder of L.A.W. Tax Resolution Services. Lea has worked with hundreds of federal individual and expat tax clients. Learn about our Financial Review Board Fact checked by Katrina Munichiello Fact checked by Katrina Munichiello Full Bio Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. In 2011, she became editor of World Tea News, a weekly newsletter for the U.S. tea trade. In 2013, she was hired as senior editor to assist in the transformation of Tea Magazine from a small quarterly publication to a nationally distributed monthly magazine. Katrina also served as a copy editor at Cloth, Paper, Scissors and as a proofreader for Applewood Books. Since 2015 she has worked as a fact-checker for America's Test Kitchen's Cook's Illustrated and Cook's Country magazines. She has published articles in The Boston Globe, Yankee Magazine, and more. In 2011, she published her first book, A Tea Reader: Living Life One Cup at a Time (Tuttle). Before working as an editor, she earned a Master of Public Health degree in health services and worked in non-profit administration. Learn about our editorial policies Financial Advisor Financial Advisor Guide Continuing Education Financial Advisor Careers Financial Planning Portfolio Construction Practice Management Table of Contents Expand Understanding the MBA Degree MBA Degree Pros and Cons What MBA Program Alumni Think MBA Degree Alternatives Is an MBA Worth it FAQs The Bottom Line Earning a Master's in Business Administration (MBA) can help professionals enhance their career opportunities, receive increased compensation, and job promotions. An MBA can provide the skills and knowledge necessary to start a new business, and many employers require an MBA for certain management or leadership positions. On the other hand, an MBA from a top business school can cost nearly $100,000—a substantial expense for recent graduates and substantial time out of the workforce for early-career professionals. The question becomes, is earning an MBA worth the cost? It all depends. 1:40 When Is An MBA Worth It? Understanding the MBA Degree . MBA coursework involves a broad spectrum of business-related topics including accounting, statistics, economics, communications, management, and entrepreneurship. MBA programs not only prepare students to work for financial institutions, but they also prepare them for management positions or as founders of startup companies. Excelling in academics serves as a solid foundation, but business school is geared toward real-world professional outcomes. That's why many schools value relevant work experience in their decision-making process. For instance, EMBA programs are designed specifically for older individuals who are already in the workforce in management or leadership roles. EMBA admissions know that academic records will be stale and put a much heavier weight on work experience and the professional networks applicants bring to the table. Part-time and EMBA programs are designed to allow full-time employees to earn their MBA at the same time by offering evening and weekend classes. Employers often pay for a student's tuition in full or in part if they believe that their new degree will make them a more valuable asset to the company. Full-Time vs. Part-Time Programs . There are two routes one can take to earn their MBA. The first is a full-time or a part-time program. Although both result in an MBA, there are trade-offs to consider. A full-time student will find it difficult to work while they go to school. These programs are the most popular with younger students who have earned their bachelor's degree and can afford to study full time on campus. Part-time MBA programs typically come in two flavors. The executive MBA (EMBA) is designed for students who have been in the workforce in executive or leadership roles and who are typically between 32 and 42. These programs can be very expensive, and students expect that their employer will pick up the tab. The part-time MBA is geared for employees who work full time, but are not yet in leadership positions. These students tend to be 24 to 35 years old and take classes after work, in the evenings, or on weekends. Grades and GMAT Scores . Earning a bachelor's degree with a 4.0 GPA is undoubtedly an applaudable achievement. But not getting straight A's doesn't blemish your chances at getting into a respectable program. Getting a 3.5 or better GPA (B+ to A-) is typically the range from which these schools choose. The very best and top-rated programs demand a higher GPA than mid- or lower-tier ones. The best business schools generally demand the highest Graduate Management Admission Test (GMAT) test scores. The average score among top-tier programs is between 720 and 730 (out of a possible 800). A perfect score of 800 can make an applicant stand out. Poets & Quants have compiled a list of average GMAT scores for some top MBA programs in the United States. MBA Degree Pros and Cons . An MBA is only worth the expense, time, and effort when the graduate plans to work in a business-related field, in management, or as a company founder. An MBA may not be useful for those working in other industries unless they are in management or leadership roles. Not all MBA degrees are created equal. The number of colleges, universities, and business schools that offer MBAs is increasing, making the space quite crowded. Unless a student earns a degree from a respectable program, it might not be as valuable as expected. Recruiters and hiring managers are not likely to view an MBA earned from an unknown or online-only educator to hold the same weight as from a top-10 school. For professionals going back to school at a second- or third-tier school could end up wasting their time, money, and opportunity. Hiring managers also know that an MBA doesn't automatically make them an ideal hire. Some believe that people who have achieved leadership positions with the degree would also have done so without it. Furthermore, having an MBA won't make a candidate stand out if they're already flawed in other ways, like being obtuse, slow to adapt, or bossy. While many entrepreneurs hold MBAs, startup companies do not always look to hire other MBA holders. Instead, they often hire out-of-the-box thinkers who can innovate and offer a perspective different from their own. An MBA might help in getting a job interview, but it will not guarantee the applicant will land that job. On the other hand, people with work experience looking to give their career a boost can open avenues for growth and promotion with a part-time or EMBA program. Pros Graduating with an MBA can earn you a higher salary. You'll have a leg up on your competition if you earn your MBA from a top-tier school. An MBA gives you the skills and knowledge you need to advance in your field. Cons Having an MBA doesn't necessarily make you an ideal hire. Going to an online or unknown school will not get you noticed. An MBA isn't worth it if you don't intend to work in a business or management-related field. What MBA Degree Program Alumni Think . The Graduate Management Admission Council (GMAC) issues regular research reports on how graduates from business schools rate their experience during and after school. The survey results are encouraging. Their 2018 Alumni Perspectives Survey Report shows that 96% of MBAs regarded their degree as good, excellent, or outstanding value. Only 4% reported that their expectations from their education were met. Moreover, 90% of alumni would still pursue a graduate management degree if they had to do it all over again knowing what they do today. While business school alumni rate their degrees positively, the return on investment (ROI) has gone down as investment costs, such as tuition, have increased at a much higher rate than salaries. All MBAs aren't created equally, so make sure you choose your program and your school wisely. MBA Degree Alternatives . There are some alternatives that can help with a career in finance, business, or management for those who aren't interested in an MBA. The Master of Finance degree is finance-specific, taking only one year to complete. It provides graduates with the skills needed in trading, investments, asset management, or risk management. Other graduate degrees in related fields are also good options for somebody looking to focus on economics, statistics, applied mathematics, or accounting. The Chartered Financial Analyst (CFA) program is a self-study program that offers a comprehensive curriculum covering three levels of study. Each level is tested by challenging exams. The curriculum is considered by many to be equivalent to graduate education, and charter holders often are deemed valuable in the hiring process. Other self-study programs are just as coveted, such as the Financial Risk Manager (FRM) designation and the SOA actuarial exams. Is an MBA Worth it FAQs . How much does an MBA increase your salary? . According to MBA.com, new hires with an MBA can earn as much as $115,000 as a starting salary, compared to a new hire with an undergraduate degree at $65,000. But the impact your MBA has on your salary depends on a number of factors, including your school, the chosen field, your position, and your past experience. How many Years does it take to get an MBA degree? . The estimated length of a full-time MBA program is generally two years. Some schools offer accelerated programs for individuals who want to graduate earlier, which can take anywhere between 12 to 18 months. Part-time MBA programs, on the other hand, can take as long as three to four years, depending on how many courses you take every year. What is the best age to do an MBA? . There's no real age requirement to do an MBA. Most students generally pursue a graduate degree like this when they're in their mid- to late-20s. Being in this age group gives them a good chance to gain some work experience, as well as some time and flexibility to determine where they'd like to work after they graduate from business school. What does MBA stand for? . MBA is an acronym for Master of Business Administration. Is an MBA a master's degree? . Because an MBA is a Master of Business Administration, it is a master's degree. It is a field of graduate study that specializes in business administration after a student receives their undergraduate degree. The Bottom Line . Earning an MBA can enhance one's career path or help land a high-paying job. Typically, however, the expense is only offset if the degree is earned from a top-tier business school and if the career path sought is business-related. Despite the cost-benefit analysis, the great majority of business school alumni self-report very positive experiences and high value from their MBA degrees. If somebody cannot afford the cost, cannot get into a top program or does not have the time to juggle work and study, there are fortunately other good options to pursue such as the CFA or a Master's degree in Finance or Economics. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Poets & Quants. "Average GMAT Scores At Top 50 U.S. Schools." Accessed Oct. 9, 2019. GMAC. "2018 Alumni Perspectives Survey Report," Page 7. Accessed Feb. 22, 2021. GMAC. "2018 Alumni Perspectives Survey Report," Page 10. Accessed Feb. 22, 2021. CFA Institute. "CFA Program." Accessed Feb. 22, 2021. MBA.com. "Employers Explain Why MBA Salaries Are So High." Accessed Feb. 22, 2021. Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Service Name Description Related Articles. Career Advice Should You Head Back to Business School? MBA What's the Difference Between a Part-Time and Full-Time MBA? MBA MBA vs. Master of Finance: What's the Difference? MBA The Real Cost of an MBA. MBA 10 Companies That Will Pay for Your MBA (BAC, WFC). MBA MBA Programs Admissions. Partner Links Related Terms. What Is The Marshall School of Business? The University of Southern California (USC)'s Marshall School of Business offers a variety of both undergraduate and graduate programs. more Master of Public Administration (MPA) A Master of Public Administration is a degree in public affairs that prepares graduates to serve in executive positions in government and NGOs. more Melbourne Business School Melbourne Business School is the graduate business school at the University of Melbourne, located in Melbourne, Australia. more Yale School of Management Yale School of Management is Yale University's graduate business school, and one of the top schools in the country. more Executive MBA (EMBA) Definition An executive master of business administration (EMBA) degree is designed to be pursued by current senior executives. more What Is the Robert H. Smith School of Business? The Robert H. Smith School of Business—informally known as the Smith School—is a business school located at the University of Maryland in College Park, Maryland. more About Us Terms of Use Dictionary Editorial Policy Advertise News Privacy Policy Contact Us Careers California Privacy Notice # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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Result 6
TitleMaster of Business Administration - Wikipedia
Urlhttps://en.wikipedia.org/wiki/Master_of_Business_Administration
Description
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H1Master of Business Administration
H2Contents
History[edit]
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Honor societies[edit]
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Europe[edit]
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H3United States[edit]
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Austria[edit]
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Australia[edit]
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South Korea[edit]
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History[edit]
Accreditation[edit]
Programs[edit]
Admissions criteria[edit]
Content[edit]
Honor societies[edit]
Careers[edit]
Europe[edit]
Africa[edit]
Asia-Pacific[edit]
Program rankings[edit]
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See also[edit]
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BodyMaster of Business Administration From Wikipedia, the free encyclopedia Jump to navigation Jump to search Master's degree in business leadership "MBA" redirects here. For other uses, see MBA (disambiguation). A Master of Business Administration (MBA; also Master's in Business Administration) is a graduate degree focusing on business administration, investment management. [1] The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.[2] Most programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources. MBA programs in the United States typically require completing about forty to sixty credits (sixty to ninety in a quarter system), much higher than the thirty credits (thirty-six to forty-five in a quarter system) typically required for degrees that cover some of the same material such as the Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing and Master of Science in Management. The MBA is a terminal degree and a professional degree.[3][4] Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights or weekends) and distance learning students, many with specialized concentrations. The "Executive MBA", or EMBA, is a degree program similar to a MBA program, but is specifically structured for and targeted towards corporate executives and senior managers who are already in the workforce.[5] Contents. 1 History 2 Accreditation 2.1 United States 2.2 Other countries 3 Programs 4 Admissions criteria 5 Content 5.1 Exit examination 6 Honor societies 7 Careers 8 Europe 8.1 History 8.2 Bologna Accord 8.3 Accreditation standards 8.4 Austria 8.5 Czech Republic 8.6 Finland 8.7 France and French-speaking countries 8.8 Germany 8.9 Italy 8.10 Poland 8.11 Portugal 8.12 Spain 8.13 Switzerland 8.14 Ukraine 8.15 United Kingdom 9 Africa 9.1 Nigeria 9.2 South Africa 9.3 Ghana 9.4 Kenya 10 Asia-Pacific 10.1 Bangladesh 10.2 India 10.3 Malaysia 10.4 Singapore 10.5 Japan 10.6 Pakistan 10.7 Australia 10.8 New Zealand 10.9 South Korea 10.10 China 11 Program rankings 12 Criticism 13 See also 13.1 Related graduate business degrees 13.1.1 Executive 13.1.2 Doctoral 14 References 15 Further reading 16 External links History[edit]. The first school of business in the United States was The Wharton School of the University of Pennsylvania established in 1881 through a donation from Joseph Wharton[4]. In 1900, the Tuck School of Business was founded at Dartmouth College[6] conferring the first advanced degree in business, specifically, a Master of Science in Commerce, the predecessor to the MBA.[7] The Harvard Graduate School of Business Administration established the first MBA program in 1908, with 15 faculty members, 33 regular students and 47 special students.[8][9] Its first-year curriculum was based on Frederick Winslow Taylor’s scientific management. The number of MBA students at Harvard increased quickly, from 80 in 1908, over 300 in 1920, and 1,070 in 1930.[10] At this time, only American universities offered MBAs. Other countries preferred that people learn business on the job.[10] Other milestones include: 1930: First management and leadership education program for executives and mid-career experienced managers (the Sloan Fellows Program at the Massachusetts Institute of Technology).[11][12] 1943: First Executive MBA (EMBA) program for working professionals at the University of Chicago Booth School of Business.[13][non-primary source needed] Chicago was also the first business school to establish permanent campuses on three continents in Chicago (USA), Barcelona (Europe), and Singapore (Asia). Most business schools today offer a global component to their executive MBA. Since the program was established, the school has moved its campuses and is now based in Chicago, London, and Hong Kong. 1946: First MBA focused on global management at Thunderbird School of Global Management.[14][non-primary source needed] 1950: First MBA outside of the United States, in Canada (Ivey Business School at The University of Western Ontario),[15] followed by the University of Pretoria in South Africa in 1951.[16] 1953: First MBA offered at an Asian school at the Indian Institute of Social Welfare & Business Management (IISWBM) in Calcutta. [17] 1957: First MBA offered at a European school (INSEAD).[18] 1963: First MBA program offered in the Spanish-speaking world by ESAN- Graduate School of Business in Perú (South America), under the direction of the Stanford Graduate School of Business, United States. Sponsored by the USAID- United States Agency for International Development, at the request of former President John F. Kennedy, which organizes the main business schools in the United States to study and explore the possibilities of developing management education projects in Latin America. Thus, on July 25, 1963, la Escuela de Administración de Negocios para Graduados-ESAN was founded, within the framework of an agreement between the governments of Peru and the United States to offer the Master's program in Business Administration for interested applicants from all over Latin America. [19] 1963: First MBA offered in Korea by Korea University Business School (KUBS).[20][non-primary source needed] 1986: First MBA program requiring every student to have a laptop computer in the classroom at the Roy E. Crummer Graduate School of Business at Rollins College (Florida).[21] Beginning with the 1992–1993 academic year, Columbia Business School required all incoming students to purchase a laptop computer with standard software, becoming the first business school to do so.[22][23] 1994: First online executive MBA program at Athabasca University (Canada).[24][non-primary source needed] The MBA degree has been adopted by universities worldwide in both developed and developing countries.[25] Accreditation[edit]. United States[edit]. Business school or MBA program accreditation by external agencies provides students and employers with an independent view of the school or program's quality, as well as whether the curriculum meets specific quality standards. Currently the three major accrediting bodies in the United States are: Association to Advance Collegiate Schools of Business (AACSB), Accreditation Council for Business Schools and Programs (ACBSP), and International Assembly for Collegiate Business Education (IACBE).[26] All of these groups also accredit schools outside the US. The ACBSP and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA).[27] MBA programs with specializations for students pursuing careers in healthcare management also eligible for accreditation by the Commission on the Accreditation of Healthcare Management Education (CAHME). US MBA programs may also be accredited at the institutional level. Bodies that accredit institutions as a whole include: Middle States Association of Colleges and Schools (MSA), New England Association of Schools and Colleges (NEASC), Higher Learning Commission (HLC), Distance Education Accrediting Commission (DEAC), Northwest Commission on Colleges and Universities (NWCCU), Southern Association of Colleges and Schools (SACS), and Western Association of Schools and Colleges (WASC).[28] Other countries[edit]. Accreditation agencies outside the United States include the Association of MBAs (AMBA), a UK-based organization that accredits MBA, DBA, and MBM programs worldwide, government accreditation bodies such as the All India Council for Technical Education (AICTE), which accredits MBA and Postgraduate Diploma in Management (PGDM) programs across India. Some of the leading bodies in India that certify MBA institutions and their programs are the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC). A distance MBA program needs to be accredited by the Distance Education Council (DEC) in India. The Council on Higher Education (CHE) in South Africa, the European Foundation for Management Development operates the European Quality Improvement System (EQUIS) for mostly European, Australian, New Zealand and Asian schools, the Foundation for International Business Administration Accreditation (FIBAA), and Central and East European Management Development Association (CEEMAN) in Europe. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (May 2018) (Learn how and when to remove this template message) Programs[edit]. Full-time MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August or early September of year one and continue until May or June of year two, with a three to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical full-time, accelerated, part-time, or modular MBA requires 60 credits (600 class hours) of graduate work. Accelerated MBA programs are a variation of the two-year programs. They involve a higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less downtime during the program and between semesters. For example, there is no three to four-month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation. Accelerated programs typically have a lower cost than full-time two-year programs. Part-time MBA programs normally hold classes on weekday evenings after normal working hours, or on weekends. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met. Evening (second shift) MBA programs are full-time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who can not leave their work to pursue a full-time regular shift MBA. Most second shift programs are offered at universities in India. Modular MBA programs are similar to part-time programs, although typically employing a lock-step curriculum with classes packaged together in blocks lasting from one to three weeks. Executive (part-time) MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA (or another business-related graduate degree) in two years or less while working full-time. Participants come from every type and size of organization – profit, nonprofit, government – representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education. Full-time executive MBA programs are a new category of full-time one year MBA programs aimed at professionals with approximately five years or more. They are primarily offered in countries like India where the two-year MBA program is targeted at fresh graduates with no experience or minimal experience. These full-time executive MBA programs are similar to one year MBA programs offered by schools like Insead and IMD. Distance learning MBA programs hold classes off-campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video, pre-recorded video, live teleconference or videoconference, offline or online computer courses. Many schools offer these programs. Blended learning programs combine distance learning with face-to-face instruction.[29] These programs typically target working professionals who are unable to attend traditional part-time programs.[30] MBA dual degree programs combine an MBA with others (such as an MS, MA, MEng, or a JD, etc.) to let students cut costs (dual programs usually cost less than pursuing two degrees separately), save time on education and to tailor the business education courses to their needs. This is generally achieved by allowing core courses of one program to count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years. Mini-MBA is a term used by many non-profit and for-profit institutions to describe a training regimen focused on the fundamentals of business. In the past, Mini-MBA programs have typically been offered as non-credit bearing courses that require less than 100 hours of total learning. However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that they may be applied towards a complete traditional MBA degree. This is to allow students to verify business-related coursework for employment purposes and still allow the option to complete a full-time MBA degree program at a later period if they elect to do so. Admissions criteria[edit]. Many programs base their admission decisions on a combination of undergraduate grade point average, academic transcripts, entrance exam scores, a résumé containing significant work experience, essays, letters of recommendation, group discussions, and personal interviews. Some schools are also interested in extracurricular activities, community service activities, or volunteer work and how the student can improve the school's diversity and contribute to the student body as a whole. The Graduate Management Admission Test (GMAT) is the most prominently used entrance exam for admissions into MBA programs. The Graduate Record Examination (GRE) is also accepted by almost all MBA programs in order to fulfill any entrance exam requirement they may have.[31] Some schools do not weigh entrance exam scores as heavily as other criteria, and some programs do not require entrance exam scores for admission. In order to achieve a diverse class, business schools also consider the target male-female ratio and local-international student ratios. In rare cases, some MBA degrees do not require students to have an undergraduate degree and will accept significant management experience in lieu of an undergraduate degree. In the UK, for example, an HND (Higher National Diploma) or even HNC (Higher National Certificate) is acceptable in some programs. Depending on the program, type and duration of work experience can be a critical admissions component for many MBA programs.[32] Many top-tier programs require five or more years of work experience for admission.[33][34] MBA admissions consulting services exist to counsel MBA applicants to improve their chances of getting admission to their desired Business Schools. These services range from evaluating a candidate's profile, GMAT preparation, suggesting the schools to which they can apply, writing and editing essays, conducting mock interviews as preparation for MBA admission interviews, as well as post-MBA career counseling.[citation needed] Content[edit]. In general, MBA programs are structured around core courses — an essentially standard curriculum[35][36] — and elective courses that (may) allow for a subject specialty or concentration.[37] Thus, in the program's first year (or part), students acquire both a working knowledge of management functions and the analytical skills required for these, while in the second year (part), students pursue elective courses, which may count towards a specialization. (Topics in business ethics may be included at the generalist or specialist level.) After the first year, many full-time students seek internships. The degree culminates with coursework in business strategy, the program capstone. A dissertation or major project is usually a degree requirement after the completion of coursework. Many MBA programs end with a comprehensive exit examination; see below. For Executive MBA programs, the core curriculum is generally similar, but may seek to leverage the strengths associated with the more seasoned and professional profile of the student body, emphasizing leadership, and drawing more from the specific experience of the individual students.[38][39] Programs are designed such that students gain exposure to theory and practice alike.[40] Courses include lectures, case studies, and team projects; the mix though, will differ by school[41] and by format. Theory is covered in the classroom setting by academic faculty, and is reinforced through the case method, placing the student in the role of the decision maker. Similar to real world business situations, cases include both constraints and incomplete information. Practical learning (field immersion) often comprises consulting projects with real clients, and is generally undertaken in teams (or "syndicates").[42] The practical elements (as well as the case studies) often involve external practitioners—sometimes business executives—supporting the teaching from academic faculty. (See Business school #Use of case studies and #Other approaches; and Business education #Postgraduate education generally.) MBA Course Structure Core Analytical Accounting, economics for management, organizational behavior, quantitative analysis (operations research and business statistics). Functional Financial management, human resource management, marketing management, operations management. Ethics Business ethics, corporate social responsibility, corporate governance. Electives Common broad electives include: entrepreneurship, international business, management information systems, business law, market research, organizational design, negotiations, international finance, project management, managing non-profits and real estate investing. Additionally, many other elective options of a more specialized nature are offered by various institutions. Capstone Strategy Strategic management and business leadership. Research Research methodology and dissertation/major project. Common MBA Specializations/Concentrations Accounting, entrepreneurship, finance (including corporate finance and investment management), international business, healthcare administration, human resources, management information systems, management science, marketing, operations management, organizational design, project management, real estate, risk management and strategy, among others. As above, courses begin with underlying topics[35] and then progress to more advanced functional topics where these are applied; see aside. The analytic skills required for management are usually covered initially. The accounting course(s) may treat financial and management accounting separately or in one hybrid course. Financial accounting deals mainly in the interpretation (and preparation) of financial statements while management accounting deals mainly in the analysis of internal results. The economics course covers managerial economics, a technical course that mainly focuses on product pricing as influenced by microeconomic theory, and aggregate-or macroeconomics, which deals with topics like the banking system, the money supply, and inflation. Operations Research and statistics are sometimes combined as "Managerial Decision-Making" or "Quantitative Decision-Making"; organizational behavior and human resource management may similarly be combined. In many programs, applicants with appropriate background may be exempt from various analytical courses. As regards the functional courses, some programs treat the curricula here in two parts: the first course provides an overview, while the second revisits the subject in-depth (perhaps as specializations); alternatively, the first addresses short-term, tactical problems, while the second addresses long-term, strategic problems (e.g., "Financial Management I" might cover working capital management, while part II covers capital investment decisions). An Information systems / technology course is increasingly included as a core functional course rather than an elective. Ethics training is often delivered with coursework in corporate social responsibility and corporate governance. Note that courses here, although technical in the content are, ultimately, oriented toward corporate management. (For example, the principal finance course may cover the technicalities of financial instrument valuation and capital raising, but is in fact focused on managerial finance and financial management.) Technically-oriented courses, if offered, will be via a specialization. Programs may also include (coursework-based) training in the skills needed at senior levels of management: soft skills, such as (general) leadership and negotiation; hard skills, such as spreadsheets and project management; thinking skills such as innovation and creativity. Training in areas such as multiculturalism and corporate social responsibility is similarly included. Company visits (including overseas travel), and guest lectures or seminars with CEOs and management personalities may also be included. These, with the core subjects, provide the graduate with breadth, while the specialty courses provide depth. For the business strategy component, the degree capstone, the focus is on finding competitive advantage and the long-term positioning and management of the entity as a whole. Here, the key functional areas are thus synthesized to an overall view; the strategy course depicts how the various sub-disciplines integrate to tell one continuous story, with each discipline complementing the others. Corresponding training in business leadership may also be scheduled and participation in a business simulation or game is also a common degree requirement. "Strategy" may be offered as a sequence of courses, beginning in the first part (formulation) and culminating in the second (execution), or as a single intensive course, offered during the second part. Some programs offer a specialization in "strategy", others in management consulting which substantially addresses the same issues. The MBA dissertation (or thesis in some universities) will, in general, comprise the following in some combination:[43] a discussion of the literature, providing a critical review and structuring of what is known on a given topic, to address a specific problem; a case study that goes beyond simple description, containing the analysis of hitherto unpublished material; a test of the application or limitations of some known principle or technique in a particular situation, and/or suggested modifications. As an alternative to the dissertation, some programs instead allow for a major project.[44] Here (part-time) students will address a problem current in their organization; particularly in programs with an action learning orientation, these may be practically oriented.[44] Most MBA programs require additional course work in research methodology, preceding the dissertation or project. Some programs allow that the research component as a whole may be substituted with additional elective coursework. Exit examination[edit]. Many MBA programs culminate in a comprehensive exit examination. The national standardized exam known as the Major Field Test for MBAs (MFT-MBA) has been administered in the MBA programs of over 300 U.S. universities.[45] The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum.[36] It is administered by Educational Testing Service. Another prominent option for comprehensive exit exams is the Common Professional Component Comprehensive Exam for MBAs (CPC COMP Exam for MBAs) owned by Peregrine Academic Services.[46] Many programs choose to administer their own in-house exam rather than a standardized test. Honor societies[edit]. Honor societies recognize individuals for high achievement in MBA programs. These honor societies include: Beta Gamma Sigma - membership requires one to be in the top 20% of their program's class after completing half of the program.[47] Delta Mu Delta - membership requires one to be in the top 20% of their program's class and have a GPA of at least 3.6 after completing half of the program.[48] Financial Management Association - membership requires one to have a 3.5 overall GPA, or a 3.5 GPA in finance and finance-related courses, after completing half of the program.[49] T10 - membership requires one to have scored in the top 10% in the country on a national comprehensive MBA exam.[50] Careers[edit]. An MBA prepares individuals for many types of careers. According to a survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers.[51] Some of the more common jobs an MBA prepares one for include: Business analyst or strategist Business development analyst, associate, or manager Market research analyst Managing Director (of a department) Investment banker Entrepreneur/founder Financial analyst, associate, or manager Management consultant Marketing associate, analyst, or manager Portfolio manager Healthcare administrator, analyst, or manager Project analyst or strategist Product analyst, associate, or manager Program analyst, associate, or manager Operations analyst, associate, or manager[52][53] Europe[edit]. Main article: List of business schools in Europe History[edit]. In 1957, INSEAD (French name "Institut Européen d'Administration des Affaires", or European Institute of Business Administration) became the first European university offering the MBA degree,[54] followed by EDHEC Business School in 1959 and ICADE in 1960 (who had started offering in 1956 a "Technical Seminary for Business Administration"),[55] ESADE[56] and IESE Business School (first two-year program in Europe) in 1964,[57] UCD Smurfit Business School and Cranfield School of Management in 1964, Manchester Business School and London Business School in 1965, The University of Dublin (Trinity College), the Rotterdam School of Management in 1966, the Vlerick Business School in 1968[58] and in 1969 by the HEC School of Management (in French, the École des Hautes Études Commerciales) and the Institut d'Etudes Politiques de Paris. In 1972, Swiss business school IMEDE (now IMD) began offering a full-time MBA program, followed by IE Business School (in Spanish, Instituto de Empresas) in 1973, and AGH University of Science and Technology in Cracow, Poland in 1974. In 1991, IEDC-Bled School of Management became the first school in the ex-socialist bloc of the Central and Eastern to offer an MBA degree. Bologna Accord[edit]. In Europe, the recent Bologna Accord established uniformity in three levels of higher education: Bachelor (three or four years), Masters (one or two years, in addition to three or four years for a Bachelor), and Doctorate (an additional three or four years after a Master). Students can acquire professional experience after their initial bachelor's degree at any European institution and later complete their masters in any other European institution via the European Credit Transfer and Accumulation System. Accreditation standards[edit]. Accreditation standards are not uniform in Europe. Some countries have legal requirements for accreditation (e.g. most German states), in some, there is a legal requirement only for universities of a certain type (e.g. Austria), and others have no accreditation law at all. Even where there is no legal requirement, many business schools are accredited by independent bodies voluntarily to ensure quality standards. Austria[edit]. In Austria, MBA programs of private universities have to be accredited by the Austrian Accreditation Council (Österreichischer Akkreditierungsrat). State-run universities have no accreditation requirements, however, some of them voluntarily undergo accreditation procedures by independent bodies. There are also MBA programs of non-academic business schools, who are entitled by the Austrian government to offer these programs until the end of 2012 (Lehrgang universitären Charakters). Some non-academic institutions cooperate with state-run universities to ensure the legality of their degrees. Czech Republic[edit]. January 1999 saw the first meeting of the Association of the Czech MBA Schools (CAMBAS). The association is housed within the Centre for Doctoral and Managerial Studies of UEP, Prague. All of the founding members of the association to have their MBA programs accredited by partner institutions in the United Kingdom or the United States of America.[59] Finland[edit]. In Finland, Master of Business Administration degrees are awarded by business schools of Aalto University, Hanken, University of Turku, University of Vaasa and University of Oulu. In Finnish this degree is called kauppatieteiden maisteri. Universities of applied sciences award degrees which in Finnish are called tradenomi (YAMK) but use the same English title "Master of Business Administration" as the ones awarded by business schools. Both degrees are recognized as higher education degrees in Finland, yet only the business school graduates are typically referred as "masters".[citation needed] France and French-speaking countries[edit]. In France and the Francophone countries such as Switzerland, Monaco, Belgium, and Canada, the MBA degree programs at the public accredited schools are similar to those offered in the Anglo-Saxon countries. Most French Business Schools are accredited by the Conférence des Grandes Écoles. Germany[edit]. Germany was one of the last Western countries to adopt an MBA degree. In 1998, the Hochschulrahmengesetz (Higher Education Framework Act), a German federal law regulating higher education including the types of degrees offered, was modified to permit German universities to offer master's degrees. The traditional German degree in business administration was the Diplom in Betriebswirtschaft (Diplom-Kaufmann/Diplom-Kauffrau) but since 1999, bachelor's and master's degrees have gradually replaced the traditional degrees due to the Bologna process. Today most German business schools offer an MBA. Most German states require that MBA degrees have to be accredited by one of the six agencies officially recognized by the German Akkreditierungsrat[60] (accreditation council), the German counterpart to the American CHEA. The busiest of these six agencies (with respect to MBA degrees) is the Foundation for International Business Administration Accreditation (FIBAA). All universities themselves have to be institutionally accredited by the state (staatlich anerkannt). Italy[edit]. Italian MBA programs at public accredited schools are similar to those offered elsewhere in Europe. Italian Business Schools are accredited by EQUIS and by ASFOR. Poland[edit]. There are several MBA programs offered in Poland. Some of these are run as partnerships with European, American, or Canadian Universities. Others rely on their own faculty and enrich their courses by inviting visiting lecturers. Several MBA programs in Poland are also offered in English. Portugal[edit]. Several business schools offer highly ranked MBA programs in Portugal. Portuguese MBA programs are increasingly internationally oriented, being taught in English. Spain[edit]. Spain has a long history in offering MBA programs with three MBA programs frequently being ranked in the Top 25 worldwide by several international rankings. Spanish MBAs are culturally diverse and taught in English. Switzerland[edit]. Several schools in Switzerland offer an MBA as full-time, part-time, and executive education programs. Some business schools offer MBA programs with specializations such as Finance and Healthcare, technology management, and others. As a country with four different national languages (German, French, Italian, and Romansh),[61] Switzerland offers most of its programs in English to attract international students to the country. Ukraine[edit]. Recently MBA programs appeared in Ukraine where there are now about twenty schools of business offering a variety of MBA programs. Three of these are subsidiaries of European schools of business, while the remaining institutions are independent. Ukrainian MBA programs are concentrated mainly on particulars of business and management in Ukraine. For example, 2/3 of all case studies are based on real conditions of Ukrainian companies.[62] United Kingdom[edit]. The UK-based Association of MBAs (AMBA) was established in 1967 and is an active advocate for MBA degrees. The association's accreditation service is internationally recognized for all MBA, DBA, and Masters in Business and Management (MBM) programs. AMBA also offers the only professional membership association for MBA students and graduates. UK MBA programs typically consist of a set number of taught courses plus a dissertation or project. Africa[edit]. The Financial Times in its Executive Education Rankings for 2012 included 5 African business schools. Nigeria[edit]. Business schools administered as colleges within the traditional universities offer a variety of MBA programs. In addition, a few standalone business schools allied with foreign business schools exist in Nigeria. South Africa[edit]. See also: List of business schools in South Africa and League tables of South African business schools In 2004 South Africa's Council on Higher Education (CHE) completed an extensive re-accreditation of MBA degrees offered in the country.[63] Ghana[edit]. Business schools of the traditional universities run a variety of MBA programs. In addition, foreign accredited institutions offer MBA degrees by distance learning in Ghana.[citation needed] Kenya[edit]. See also: Education in Kenya MBA programs are offered in many public and private universities. Students choose to specialize in one of the following areas: Accounting, Finance, Entrepreneurship, Insurance, and Human Resources. The course takes 4 semesters of about 4 months each. Asia-Pacific[edit]. Main article: List of business schools in Asia International MBA programs are acquiring brand value in Asia. For example, while a foreign MBA is still preferred in the Philippines, many students are now studying at one of many "Global MBA" English language programs being offered. English-only MBA programs are also offered in Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan, and Thailand. For international students who want a different experience, many Asian programs offer scholarships and discounted tuition to encourage an international environment in the classroom. Rankings have been published for Asia Pacific schools by the magazine Asia Inc. which is a regional business magazine with distribution worldwide. The importance of MBA education in China has risen, too.[64] Bangladesh[edit]. There are now more than 50 business schools in Bangladesh offering the MBA, predominantly targeting graduates without any work experience. Most MBAs are two years full-time. Sensibly there is little use of GMAT. The Business Schools conduct their own admission tests instead although the rationale for this instead of providing introductory courses and certifications is unclear. Classes are taught in English. India[edit]. See also: List of MBA schools in India There are many business schools and colleges in India offering two-year MBA or PGDM programs accredited by AICTE or UGC. The Indian Institutes of Management are among the world's most selective schools according to Bloomberg magazine.[65] They offer MBA degrees. There are 20 IIMs in total.[66] Malaysia[edit]. Both public and private universities offer MBA and EMBA degrees. Most MBAs are in full-time and part-time modes. All MBA degrees are fully conducted in English. Singapore[edit]. Singapore is South East Asia's leading financial hub. Its competitive educational system starts from primary schools to universities and eventually post-graduate studies such as EMBA programs.[67] Japan[edit]. In Japan, 2 business schools offer an accredited MBA degree (AACSB, AMBA, or EQUIS). The concept of an MBA is still not considered mainstream as traditional companies still perceive that knowledge and learning with respect to business and management can only be effectively gained through experience and not within a classroom. In fact, some companies have been known to place recent MBA recipients in unrelated fields, or try to re-acclimate their Japanese employees who have spent years overseas earning the degree. As a consequence, academic institutions in Japan are attempting to reinvent the perception of the MBA degree, by taking into account the local corporate culture.[68] Pakistan[edit]. Pakistan first offered an MBA program outside the United States in 1955 in collaboration with the University of Pennsylvania. Now in Pakistan, there are 187 Universities/Institutes which are recognized by the Higher Education Commission of Pakistan, offering MBA programs to students and professionals.[69] Australia[edit]. Main article: List of business schools in Australia In Australia, 42 Australian business schools offer the MBA degree (16 are AACSB, AMBA or EQUIS accredited[70]). Universities differentiate themselves by gaining international accreditation and focusing on national and international rankings. Most MBAs are one to two years full-time. There is little use of GMAT, and instead, each educational institution specifies its own requirements, which normally entails several years of management-level work experience as well as proven academic skills.[71] Graduate Management Association of Australia carries out ratings for Australian MBAs and annually publishes Australian MBA Star Ratings. The Financial Review Boss carries out biennial rankings of Australian MBAs.[72] New Zealand[edit]. In New Zealand, most universities offer MBA classes, typically through part-time arrangement or evening classes. Only two universities offer full-time programs to international students - the University of Otago (Otago MBA) and Auckland University of Technology (AUT). The Otago MBA is the longer established of the two, offering a 240 points program while AUT MBA is a 180-point program. South Korea[edit]. Korean universities offer full-time and part-time MBA programs that usually consist of a two-year curriculum. The first MBA program was offered in 1963 by Korea University Business School (KUBS). In 2007, the Korean Government established "BK21," a project that supports Korean universities in order to develop their competitiveness in the global MBA market. Korea University Business School topped the evaluation of BK21 professional business graduate schools for six consecutive years. In the meantime, only two universities in Korea ranked in the "2015 Global Top 100 Executive MBA (EMBA) Rankings" conducted by UK Financial Times (Korea University Business School and Yonsei University ranked 27th and 45th worldwide, respectively). China[edit]. In 1990, the Academic Degrees Office of the State Council formally approved the establishment of MBA degrees and piloted MBA education. In 1991, the Academic Degrees Office of the State Council approved 9 domestic colleges and universities to carry out MBA education pilot work. Since then, mainland China has successively approved more institutions for MBA education training unit. At present, a total of 229 colleges and universities have opened MBA programs in the system, with a total of more than 500 programs.[citation needed] Program rankings[edit]. See also: List of United States business school rankings, Australian MBA Star Ratings, and Rankings of business schools in South Africa Since 1967, publications have ranked MBA programs using various methods.[73] The Gourman Report (1967–1997) did not disclose criteria or ranking methods,[74] and these reports were criticized for reporting statistically impossible data, such as no ties among schools, narrow gaps in scores with no variation in gap widths, and ranks of nonexistent departments.[75] In 1977 The Carter Report ranked MBA programs based on the number of academic articles published by faculty, the Ladd & Lipset Survey ranked business schools based on faculty surveys, and MBA Magazine ranked schools based on votes cast by business school deans.[73] Today, publications by the Aspen Institute, Business Week, The Economist, Financial Times, Forbes, Quacquarelli Symonds, US News & World Report, and the Wall Street Journal make their own rankings of MBA programs. Schools' ranks can vary across publications, as the methodologies for rankings differ among publications: The Aspen Institute publishes the Beyond Grey Pinstripes rankings which are based on the integration of social and environmental stewardship into university curriculum and faculty research. Rankings from a small sample of well-known schools are calculated on the amount of sustainability coursework made available to students (20%), amount of student exposure to relevant material (25%), amount of coursework focused on stewardship by for-profit corporations (30%), and relevant faculty research (25%).[76] The 2011 survey and ranking include data from 150 universities.[77] Business Week's rankings are based on student surveys, a survey of corporate recruiters, and an intellectual capital rating.[78] The Economist Intelligence Unit, published in The Economist, surveys both business schools (80%) and students and recent graduates (20%). Ranking criteria include GMAT scores, employment and salary statistics, class options, and student body demographics.[79] Financial Times uses survey responses from alumni who graduated three years prior to the ranking and information from business schools. Salary and employment statistics are weighted heavily.[80] Forbes considers only the return of investment five years after graduation. MBA alumni are asked about their salary, the tuition fees of their MBA program, and other direct costs as well as opportunity costs involved. Based on this data, a final "5-year gain" is calculated and determines the MBA ranking position.[81] Quacquarelli Symonds QS Global 200 Business Schools Report compiles regional rankings of business schools around the world. Ranks are calculated using a two-year moving average of points assigned by employers who hire MBA graduates.[82] U.S. News & World Report incorporates responses from deans, program directors, and senior faculty about the academic quality of their programs as well as the opinions of hiring professionals. The ranking is calculated through a weighted formula of quality assessment (40%), placement success (35%), and student selectivity (25%).[83] UT-Dallas Top 100 Business School Research Rankings ranks business schools on the research faculty publish, similar to The Carter Report of the past.[84] The Wall Street Journal, which stopped ranking full-time MBA programs in 2007, based its rankings on skill and behavioral development that may predict career success, such as social skills, teamwork orientation, ethics, and analytic and problem-solving abilities.[85] The ranking of MBA programs has been discussed in articles and on academic websites.[86] Critics of ranking methodologies maintain that any published rankings should be viewed with caution for the following reasons:[87] Rankings exhibit intentional selection bias as they limit the surveyed population to a small number of MBA programs and ignore the majority of schools, many with excellent offerings. Ranking methods may be subject to personal biases and statistically flawed methodologies (especially methods relying on subjective interviews of hiring managers, students, or faculty). Rankings use no objective measures of program quality. The same list of schools appears in each ranking with some variation in ranks, so a school ranked as number 1 in one list may be number 17 in another list. Rankings tend to concentrate on representing MBA schools themselves, but some schools offer MBA programs of different qualities and yet the ranking will only rely upon information from the full-time program (e.g., a school may use highly reputable faculty to teach a daytime program, but use adjunct faculty in its evening program or have drastically lower admissions criteria for its evening program than for its daytime program). A high rank in a national publication tends to become a self-fulfilling prophecy. Some leading business schools including Harvard, INSEAD, Wharton and Sloan provide limited cooperation with certain ranking publications due to their perception that rankings are misused.[88] One study found that ranking MBA programs by a combination of graduates' starting salaries and average student GMAT score can approximately duplicate the top 20 list of the national publications, and concluded that a truly objective ranking would use objective measures of program quality and be individualized to the needs of each prospective student.[87] National publications have recognized the value of rankings against different criteria and now offer lists ranked different ways: by salary, GMAT score of students, selectivity, and so forth. While useful, these rankings have yet to meet the critique that rankings are not tailored to individual needs, that they use an incomplete population of schools, may fail to distinguish between the different MBA program types offered by each school, or rely on subjective interviews. Criticism[edit]. Articles have been written about public perceptions of the crisis, ranging from schools' acknowledgment of issues with the training students receive[89][90] to criticisms of the MBA's role in society.[91][92] After the financial crisis of 2007–2010, the media[who?] raised questions about the value and content of business school programs. Prior to the financial crisis, graduates had reportedly tended to go into finance after receiving their degrees.[89] As financial professionals are widely seen as responsible for the global economic meltdown, anecdotal evidence suggests new graduates are choosing different career paths.[93] Deans at top business schools have also acknowledged that media and public perception of the MBA degree shifted as a result of the financial crisis.[90] See also[edit]. Business portal Outline of business management Bachelor of Business Administration Related graduate business degrees[edit]. Further information: Business education § Postgraduate education Master of Accountancy (MAcc or MAcy) / Master of Professional Accountancy (MPA, or MPAcc), a postgraduate degree in accounting Master of Business Communication (MBC) Master of Commerce (MCom or MComm), a postgraduate business degree usually focused on a particular area Master of Economics (M.Econ./M.Ec.) Master of Enterprise (MEnt), a postgraduate, technology & enterprise-based qualification Master of Bioscience Enterprise (MBioEnt), a postgraduate degree focused on the commercialization of biotechnology Master of Finance (MFin), a postgraduate degree in finance Master of Health Administration (MHA), a postgraduate health administration degree Master of International Business (MIB), a postgraduate degree focused on International Business Master of Management (MM), a postgraduate business degree Master of Science in Management (MSM), a postgraduate business management degree Master of Marketing Research (MMR) a postgraduate degree focusing on research in the field of marketing Master of Nonprofit Organizations (MNO or MNPO), the postgraduate degree for philanthropy and voluntary sector professionals Master of Public Administration (MPA), a postgraduate public administration degree Master of Social Science (MSS), a postgraduate degree Master of Project Management (MSPM or MPM), a postgraduate project management degree Masters of Management: Co-operatives and Credit Unions, a post-graduate degree for co-operative and credit union managers Master in Sustainable Business (MSB) Master of Real Estate (MScRE), a postgraduate degree focusing on real estate. Master of Information Management (MIM), a postgraduate degree focusing on information management. Executive[edit]. Executive Master of Science in Business Administration (Executive MScBA), a postgraduate degree focusing advanced-level conceptual foundation in a student's chosen field such as operational excellence in the biotech/pharma industry. Doctoral[edit]. Doctor of Business Administration (DBA), a doctorate in business administration Doctor of Management (D.M.) PhD in Management (PhD), a business doctoral degree D.Phil in Management (D.Phil), a doctorate in business Engineering Doctorate (EngD), A professional doctorate in the UK involving a management thesis and taught MBA courses References[edit]. ^ Kagan, Julia. "Master of Business Administration (MBA)". Investopedia. Retrieved 12 May 2021. ^ "Andreas Kaplan: A school is "a building that has four walls…with tomorrow inside": Toward the reinvention of the business school". Business Horizons. doi:10.1016/j.bushor.2018.03.010. ^ "Getting Your Master's Degree". Peterson's. 6 December 2013. Archived from the original on 10 October 2014. Retrieved 6 October 2014. A master's degree comes in only two options: a professional, or "terminal" master's degree or an academic master's degree, or an academic master's degree. ... A terminal degree is a means to an end; it will prepare you for entrance into a specific type or group of jobs. A terminal degree implies there is no need for any further education, thus the word "terminal." Degrees from professional master's programs are usually marked by specific initials that denote their area of specialties, such as a Master of Business Administration (M.B.A) [sic] or Master of Library Science (M.L.S.) degree. ... Conversely, an academic degree centers on research and scholarly studies in a specific area. These degrees are more likely to lead to continued education at the doctoral level where you can specialize in a very specific area of that field ... ^ Maier, Christopher (2005). Complete Book of Graduate Programs in the Arts and Sciences. New York: Random House. p. 4. ISBN 0-375-76432-1. "PhD" and "terminal degree" are not synonymous. A number of master's degrees lead students directly to, well, the end of the formal educational line. One such example is the MFA, which is earned by practicing artists in fields such as creative writing, visual arts, and theater. In the world of business administration degrees, an MBA is terminal. Although a little research might turn up a handful of Ph.D. options in the creative arts or business, these are different monsters; they don't take away from the fact the person with the MFA or the MBA has a terminal degree. ^ Article Sources (21 May 2021). "Executive MBA (EMBA) Definition". Investopedia.com. Retrieved 2 January 2022. ^ "Tuck School of Business History". Tuck.dartmouth.edu. Archived from the original on 3 September 2013. Retrieved 26 July 2013. ^ Donald Stabile (1 January 2007). Economics, Competition and Academia: An Intellectual History of Sophism Versus Virtue. Edward Elgar Publishing. pp. 101–. ISBN 978-1-84720-716-6. ^ Kaplan, Andreas (2014). "European management and European business schools: Insights from the history of business schools". European Management Journal. 32 (4): 529–534. doi:10.1016/j.emj.2014.03.006. ^ "History – About Us – Harvard Business School". Hbs.edu. Retrieved 26 July 2013. ^ a b Leach, William (1993). Land of Desire: Merchants, Power, and the Rise of a New American Culture. New York: Pantheon Books. p. 288. ISBN 9780307761149. ^ "The Sloan Legacy". London.edu. ^ "MIT's contributions to business and economics". boston.com. 15 May 2011. ^ Key Facts | The University of Chicago Booth School of Business Archived 18 November 2012 at the Wayback Machine. Chicagobooth.edu. Retrieved on 26 July 2013. ^ Our Vision and History | Thunderbird School of Global Management. Thunderbird.asu.edu. Retrieved on 1 February 2018. ^ Richard Ivey School of Business Archived 15 May 2010 at the Wayback Machine page showing awarding of first MBA in 1950, one year ahead of the University of Pretoria's claim ^ University of Pretoria Archived 23 September 2006 at the Wayback Machine page claiming to have awarded the first MBA outside of America ^ Sep 24, Somdatta Basu / tnn / Updated; 2017; Ist, 09:40. "Country's oldest B-school, IISWBM, to become a university | Kolkata News - Times of India". The Times of India. Retrieved 29 April 2021.CS1 maint: numeric names: authors list (link) ^ "Insead MBA". www.f1gmat.com. ^ Coleman, Alan (2006). An academic adventure : the founding of ESAN. ESAN Cendoc. ^ "Korea University Business School". kubs.korea.ac.kr. Retrieved 20 June 2016. ^ Roe, William; Toma, Alfred; Yallapragada, RamMohan (2015). "Innovation In Business Education: Developing A High Quality Online MBA" (PDF). American Journal of Business Education. 8 (2): 170. Retrieved 15 December 2018. ^ "Columbia Daily Spectator 18 September 1992 — Columbia Spectator". spectatorarchive.library.columbia.edu. ^ Brown, Ray; Heeler, Phillip; Von Holzen, Roger (16 April 1998). "Providing Universal Student Access to Technology: A Summary of Alternative Models" (PDF). Proceedings 31st Annual Small College Computing Symposium: 52. Retrieved 15 December 2018. ^ "Athabasca University". ^ McIntyre, John R. and Ilan Alon, eds. (2005), Business and Management Education in Transitioning and Developing Countries: A Handbook, Armonk, NY: ME Sharpe. ^ Brink, Kyle E.; Smith, Clair (2012). "A Comparison of AACSB, ACBSP, and IACBE Accredited U.S. Business Programs: An Institutional Resource Perspective". Business Education & Accreditation. 4 (2): 1–15. SSRN 2144954. ^ "CHEA Directory of Programmatic Accrediting Organizations". Retrieved 23 July 2018 ^ Koenig, Ann; Lofstad, Rolf (18 September 2004). "Higher Education Accreditation in the United States" (PDF). EAIE Conference. Archived from the original (PDF) on 2 November 2006. ^ de l'Etraz, Paris (1 November 2009). "What Can an Online Program Do for You?" (PDF). BizEd Magazine. Archived from the original (PDF) on 24 September 2014. ^ Karen Hebert-Maccaro (8 September 2011). "Blended MBA Programs: An Optimized Form of Learning" (PDF). Worcester Polytechnic Institute. ^ Kitroeff, Natalie (20 October 2014). "Almost All Business Schools Now Accept the GRE". Bloomberg Business. ^ "Why You Should Work Before Pursuing an MBA". Bangalorean. Retrieved 19 June 2013. ^ MBAapplicant.com (31 July 2009). "Number 5 – YOUR WORK EXPERIENCE". MBA Applicant.com. Archived from the original on 2 April 2010. Retrieved 14 April 2010. ^ SMU Cox (19 January 2010). "Part Time MBA Programs – Side By Side Comparison". SMU Cox School of Business. ^ a b See: AACSB's Standard 15: Management of Curricula Archived 15 March 2013 at the Wayback Machine; AMBA's New Accreditation Criteria Archived 2 February 2013 at the Wayback Machine; ETS's Major Field Test for the MBA. ^ a b "MFT-MBA Test Description" (PDF). Educational Testing Service. Retrieved 20 July 2014. ^ GMAC's Curriculum and Course Selection Archived 23 January 2013 at the Wayback Machine ^ Executive MBA (EMBA) vs. Traditional MBA, rutgers.edu.sg ^ EXECUTIVE MBA VS MBA: THE DIFFERENCE, insead.edu ^ See for example: "The HBS case-method", hbs.edu; "The Chicago Approach", chicagobooth.edu Archived 13 February 2014 at the Wayback Machine; "Practical Learning", jbs.cam.ac.uk; "Academic Experience", gsb.stanford.edu. ^ Yeaple, Ronald. "Is the MBA Case Method Passé?". ^ "MBA Consulting Projects". Darden School of Business UVA. Retrieved 15 December 2018. ^ Kangis, Peter; Carman, Robert. "Research, Knowledge and Method: the purpose and role of MBA dissertation" (PDF). The International Journal of Management Education. 1 (2). Archived from the original (PDF) on 17 June 2012. Retrieved 29 January 2014. ^ a b MBA degree-guide Archived 22 January 2013 at the Wayback Machine, degree.net ^ "2013 Major Field Test Comparative Data Guide: Major Field Test for Master of Business Administration (MBA)" (PDF). Educational Testing Service. Archived from the original (PDF) on 22 January 2014. Retrieved 20 July 2014. ^ "Business Administration CPC-Based COMP Exam Summary: Masters Level" (PDF). Peregrine Academic Services. Archived from the original (PDF) on 2 February 2017. Retrieved 22 November 2016. ^ "Invitation Process". Beta Gamma Sigma. Beta Gamma Sigma. Retrieved 10 April 2018. ^ "FAQ: What are the criteria for membership?". Delta Mu Delta. Delta Mu Delta. Retrieved 10 April 2018. ^ "National Honor Society". Financial Management Association. Financial Management Association. Retrieved 10 April 2018. ^ "Membership Admission Requirements". T10 MBA. T10. Retrieved 10 April 2018. ^ Zlomek, Erin (20 August 2014). "More MBA Grads Are Switching Careers as Job Market Improves". Businessweek. Archived from the original on 24 August 2014. Retrieved 20 August 2014. ^ "What Can You do With a Graduate Degree in Business(MBA)?". Salisbury University. Archived from the original on 21 August 2014. Retrieved 20 August 2014. ^ "Business and Management Careers". University of Maryland University College. Retrieved 20 August 2014. ^ "Kaplan A.: European Management and European Business Schools: Insights from the History of Business Schools, European Management Journal, 2014". European Management Journal. 32: 529–534. doi:10.1016/j.emj.2014.03.006. ^ Historia de la Universidad Pontificia Comillas. Icade.es. Retrieved on 26 July 2013. ^ "ESADE Business School History. Retrieved on 2015-03-25". 13 March 2018. ^ "IESE Business School History. Retrieved on 2015-03-25". Archived from the original on 24 March 2015. ^ "Our history – Vlerick Business School". Archived from the original on 17 February 2013. Retrieved 26 July 2013. ^ "The university of Finance and administration Prague". Shortcoursesportal.eu. ^ "Accreditation Council". Akkreditierungsrat.de. ^ "SwissInfo.ch". Retrieved 15 May 2014. ^ "MBA in Ukraine - MBA, GMAT, TOEFL, IELTS, бизнес-школы, Pre-MBA, бизнес образование". www.mbastrategy.ua. ^ "MBA.co.za - Re-accreditation raises the standards of South Africa's MBA". www.mba.co.za. ^ Alon, Ilan and John R. McIntyre, eds. (2005), Business and Management Education in China: Transition, Pedagogy and Training, Singapore: World Scientific. ^ Erin Zlomek (18 April 2013). "India's IIM-A, the World's Toughest B-School to Get Into". Bloomberg Business. Retrieved 4 May 2015. ^ "7 new IIMs to get permanent campus by June 2021". The Economic Times. 5 September 2018. Retrieved 18 August 2019. ^ "Temple University". Archived from the original on 5 September 2014. Retrieved 22 September 2014. ^ The New York Times (24 November 2010). "M.B.A.s in Japan Struggle for Respect". The New York Times. ^ "The Tribune - Magazine section - Saturday Extra". www.tribuneindia.com. Retrieved 1 February 2019. ^ "Accredited Business Schools in Australia". MBA Today. ^ "Business Schools in Australia (MBA)". INFOZEE. Retrieved 26 April 2015. ^ Uther, Beverley; Suchy, Martin (12 September 2013). "Boss 2013 MBA Ranking: the table". AFR Boss. Archived from the original on 26 April 2015. Retrieved 26 April 2015. ^ a b Schatz, Martin; Crummer, Roy E. (1993). "What's Wrong With MBA Ranking Surveys?". Management Research News. 16 (7): 15–18. doi:10.1108/eb028322. Archived from the original on 12 April 2013. Retrieved 22 July 2011. ^ "A Self-Published College Guide Goes Big-Time, and Educators Cry Foul". Archived from the original on 2007-12-15. Retrieved 7 November 1997. Check date values in: |accessdate= (help) ^ Bedeian, Arthur G. Caveat Emptor: The Gourman Report. The Industrial-Organizational Psychologist (June 2002). ^ "Methodology". Beyond Grey Pinstripes. Archived from the original on 18 July 2011. Retrieved 18 June 2011. ^ Samuelson, Judy (Summer 2011). "The Business of Education: Why change-minded MBA candidates turn to the Institute before they pick a business school" (PDF). The Aspen Idea: 66–67. Archived from the original (PDF) on 12 July 2011. Retrieved 18 July 2011. ^ "MBA Rankings: Updated October 2006". Businessweek. The McGraw-Hill Companies Inc. Archived from the original on 24 December 2007. Retrieved 18 December 2007. ^ "Rankings methodology". The Economist Intelligence Unit Limited. Retrieved 19 December 2007. ^ Milton, Ursula (29 January 2007). "How to read the rankings: How the raw data are processed". The Financial Times. Archived from the original on 17 December 2007. Retrieved 25 December 2007. ^ "Forbes 'The Best Business Schools'". 3 August 2011. Retrieved 3 August 2011. ^ "Global Business Schools Report Methodology". ^ "Business Methodology". U.S. News & World Report. Retrieved 18 December 2007. ^ "The UTD Top 100 Business School Research Rankings: Research Ranking Overview". UT Dallas. Retrieved 8 November 2014. ^ "How the Rankings were Compiled". The Wall Street Journal. 16 September 2009. Retrieved 22 July 2011. ^ "Caution and Controversy". University of Illinois at Urbana–Champaign. Archived from the original on 26 October 2007. Retrieved 6 September 2005. ^ a b Schatz, Martin; Crummer, Roy E. (1993). "What's Wrong with MBA Ranking Surveys?". Management Research News. 16 (7): 15–18. doi:10.1108/eb028322. Archived from the original on 12 April 2013. ^ Hemel, Daniel J (12 April 2004). "HBS Blocks Media Access to Students". The Harvard Crimson. Archived from the original on 11 September 2012. Retrieved 29 January 2008. ^ a b Holland, Kelley (14 March 2009). "Is It Time to Retrain B-Schools?". The New York Times. ^ a b Bradshaw, Della (18 June 2009). "Deans fight crisis fires with MBA overhaul". Financial Times. Archived from the original on 1 January 2011. Retrieved 21 July 2009. ^ Stewart, Matthew (25 March 2009). "RIP, MBA". Slate. ^ Parker, Martin (27 April 2018). "Why we should bulldoze the business school". the Guardian. Retrieved 24 May 2018. There are 13,000 business schools on Earth. That’s 13,000 too many. And I should know – I’ve taught in them for 20 years ^ Stossel, John (19 June 2009). "The New Normal". 20/20. ABC News. Further reading[edit]. Patterson, Sarah E.; Damaske, Sarah; Sheroff, Christen (June 2017). "Gender and the MBA: differences in career trajectories, institutional support, and outcomes". Gender & Society. 31 (3): 310–332. doi:10.1177/0891243217703630. PMC 5915327. PMID 29706689. Silbiger, Steven. "The 10 Day MBA". Cite journal requires |journal= (help) External links[edit]. Wikiversity has learning resources about Master of Business Administration vteManagement Outline of business management Index of management articles By type of organization Academic Association Business Restaurant Healthcare Military Public By focus (within an organization)By scopeStrategic(top-level) Capability Change Communication Financial Innovation Performance Risk Systems By component Facility Product Product lifecycle Brand Program Project Construction By activity ordepartment managedLine Marketing Operations/production Process Quality Sales Staff Accounting Office Records By aspect orrelationship Customer relationship Engineering Logistics Perception Supply chain Talent By problem Conflict Crisis Stress By resource Environmental resource Field inventory Human resources Information Information technology Knowledge Land Materials Skills Technology Time Managementpositions Interim Middle Senior Methodsand approaches Adhocracy Collaborative method Distributed Earned value management Evidence-based management Full Range of Leadership Model Management by objectives Management style Macromanagement Micromanagement Scientific management Social entrepreneurship Team building Virtual management Management skillsand activities Decision-making Forecasting Leadership Pioneers andscholars Peter Drucker Eliyahu M. Goldratt Oliver E. Williamson Education Association of Technology, Management, and Applied Engineering Business school Certified Business Manager Chartered Management Institute Critical management studies Degrees Bachelor of Business Administration Master of Business Administration PhD in management Organizational studies Other Administration Collaboration Corporate governance Executive compensation Management consulting Management control Management cybernetics Management development Management fad Management system Managerial economics Managerial psychology Managerialism Organization development Organizational behavior management Pointy-haired Boss Williamson's model of managerial discretion Systems science portal Authority control: National libraries United States Japan Retrieved from "https://en.wikipedia.org/w/index.php?title=Master_of_Business_Administration&oldid=1063290164" Categories: Master's degreesBusiness qualificationsManagement educationHidden categories: Webarchive template wayback linksCS1 maint: numeric names: authors listCS1 errors: datesArticles with short descriptionShort description is different from WikidataUse dmy dates from May 2020Articles needing additional references from May 2018All articles needing additional referencesAll articles with unsourced statementsArticles with unsourced statements from December 2021Articles with unsourced statements from October 2021Articles with unsourced statements from May 2019Articles with unsourced statements from January 2021All articles with specifically marked weasel-worded phrasesArticles with specifically marked weasel-worded phrases from June 2021CS1 errors: missing periodicalArticles prone to spam from July 2013Articles with LCCN identifiersArticles with NDL identifiers Navigation menu. 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Result 7
TitleWhat is an MBA? | FIND MBA
Urlhttps://find-mba.com/what-is-an-mba
DescriptionA global MBA directory: 2000+ MBA schools & counting. MBA community discussion boards, MBA program info & top 10 lists help you find your MBA program
Date
Organic Position6
H1MBA Frequently Asked Questions
H2
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BodyMBA Frequently Asked Questions Language German French Spanish Chinese English What is an MBA? Am I a Good MBA Candidate? Do I Need an MBA? FAQ: Funding Your MBA How do I Apply for an MBA? How do I Pay for my MBA? MBA Accreditation: Why is it Important? What is an MBA Concentration? What is the GMAT? Where Should I do my MBA? Which Kind of MBA Program is Right for Me? Why Should I do an MBA? What is an MBA? The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas. Most MBA programs include a "core" curriculum of subjects, such as accounting, economics, marketing, and operations, as well as elective courses that allow participants to follow their own personal or professional interests. Some schools require that MBA candidates complete an internship at a company or organization, which can lead to concrete job opportunities after the program. Quality business schools generally require that candidates have at least a few years of professional work experience before starting an MBA program. Applicants are also asked to submit Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) scores, academic transcripts, letters of reference, and an essay or statement of purpose that reflects why they want to pursue an MBA. Non-native English speakers usually have to prove adequate English skills with TOEFL or IELTS scores, or through previous academic experience. The MBA is currently the most popular professional degree program in the world. Today there are over 2,500 MBA programs offered worldwide; most are offered in English. First introduced at universities in the United States around the turn of the 20th century, MBA programs have evolved to keep up with the demands of the times. While traditional two-year MBA programs are still common, especially in the United States, one-year programs have become increasingly popular. Part-time and online programs are also widely available for professionals not willing or unable to take a year or two off to do a full-time program. Executive MBA (EMBA) programs are part-time programs targeted at professionals with more years of managerial experience than traditional MBA candidates. Am I a Good MBA Candidate? What is an MBA? Basic information about the Master of Business Administration degree Am I a Good MBA Candidate? What business schools are looking for Do I Need an MBA? Thinking about applying for an MBA? Find out if an MBA might be the right step for your career now FAQ: Funding Your MBA From tracking down MBA scholarships to loans and employer sponsorships, some tips about how to pay for an MBA How do I Apply for an MBA? Check to see if you have all your application materials you'll need to apply for an MBA How do I Pay for my MBA? One of the biggest challenges facing many prospective MBA students is finding a way to afford the high costs of attending business school for one or two years. MBA Accreditation: Why is it Important? Three quality standards that can help you pick a business school with more confidence What is an MBA Concentration? Should you specialize your MBA by choosing a concentration? What are some of the most popular concentrations? What is the GMAT? The GMAT is required to apply for many MBA programs. Here's more about the test and how it works Where Should I do my MBA? For some, it makes sense to stay local, while others might find better opportunities and adventure elsewhere Which Kind of MBA Program is Right for Me? A variety of MBA programs, from full-time cohort options to EMBAs and online MBAs, cater to a range of needs Why Should I do an MBA? From career advancement to moving to a new country, there are many reasons why an MBA makes sense About us Contact us Advertise Terms of Use Cookie Policy Privacy Policy Information Featured MBA Programs MBA News MBA Articles MBA Admissions Consultants Online MBA Programs Executive Courses LLM Programs Submit MBA Program Search MBA Programs Go to Advanced Search Subscribe to the FIND MBA Newsletter Receive the latest news and tips © 2001–2022 Pritzwalks – FIND MBA – Master of Business Administration (MBA) Programs Worldwide This website uses cookies to ensure you get the best experience on our website. By continuing to use, you agree to the terms found in our Cookie Policy. Accept
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Result 8
TitleIs an MBA Degree Really Worth It?
Urlhttps://hbr.org/2020/12/is-an-mba-degree-really-worth-it
DescriptionThe right and wrong reasons to pursue one
DateDec 7, 2020
Organic Position7
H1Is an MBA Degree Really Worth It?
H2The Right Reasons
The Wrong Reasons
H3Your Cart
H2WithAnchorsThe Right Reasons
The Wrong Reasons
BodyIs an MBA Degree Really Worth It? The right and wrong reasons to pursue one. by Liza Kirkpatrick by Liza Kirkpatrick December 07, 2020 AaronAmat/Getty Images Tweet Post Share Save Print Summary.    Getting an MBA (Master of Business Administration) takes a lot of time, money, and effort. So it’s important to really think about whether or not it is worth your while to pursue one. Here are some things to consider. The right reasons: To hone skills like influence, empathy, and building business strategies; to help you make a career pivot; to accelerate the pace of your professional development; to expand and diversify your professional network. The wrong reasons: You’re looking for a magic pill that will give you more money or power; you’re bored in your current role; you don’t know what you want. Tweet Post Share Save Print Leer en español Ler em português Where your work meets your life. See more from Ascend here. To MBA, or not to MBA? For many young professionals, that is the question. An MBA (Master of Business Administration) is a graduate degree focused on building leadership skills and learning business principles. But for the majority of students, MBAs offer much more than that: a stronger professional network, access to job opportunities, and a bigger paycheck. Some of these benefits manifest sooner than others. Those accepted into highly ranked programs gain almost immediate access to seasoned staff who can help them make connections, and they can expect a significant pay bump upon graduation. The average salary for graduates from top schools is typically in the six figures. But sometimes, the full impact of an MBA can take a few years to come to fruition, and if you’re in it for the wrong reasons, you might not achieve the outcomes you want. Given the amount of time, money, and effort that an MBA really requires, it’s important to think about where you fit into this equation before deciding whether or not it is worth your while to pursue one. For the past decade, a part of my job as the managing director of the Career Management Center at the Kellogg School of Management has been to advise students on their careers and help potential candidates weigh this decision. Based on my experience, here some things to consider as you debate it yourself. The Right Reasons. To future-ready your career. In my daily conversations with MBA alumni and executives, I hear about the importance of “future-ready skills.” But what does this really mean? It means that more and more companies are looking to come out of the pandemic stronger than they were before by pivoting and adjusting their business models. Hiring the right talent with the right skills is an important piece of that. You should have the same mindset. Ask yourself: “How can I expand my skillset and capabilities to be the best candidate for these roles?” The skills many organizations are looking for range from empathy and team management to understanding how to look ahead, set strategic goals, and influence stakeholders from diverse backgrounds. Students looking to develop skills around influence often have unique opportunities to do so during the MBA experience. Many enter case study competitions that emulate the challenges businesses face today and require the students to pitch solutions to a panel of judges. Importantly, everyone in these programs also learns how to improve their communication and collaboration skills by participating in group projects with people from all walks of life. Soft skills like this are key to MBA classes in addition to rigorous analytical work. An MBA could be key in acquiring the experience you need to have a competitive advantage in the job market — and this is not a bad reason to pursue one. To explore new industries or functions. If you’re looking to make a career pivot, an MBA may help you face that challenge with open eyes. Business school is a great time to gain exposure to peers, faculty, and a network of alumni from many professional backgrounds — as well as class projects and case studies that dive deeply into different industries and sectors. Take the example of one student I recently spoke with. She has two career ambitions: to pivot into biopharmaceuticals and to lead an organization one day. She decided an MBA degree would allow her to accomplish both goals because she will be introduced to resources that will help her learn about and more easily transition into a new industry, and attain the leadership skills she will need 10, or even 20, years down the road. Some students even come to business school to explore an entrepreneurial path. They typically go on to launch their own startups, or join early-stage firms, including those founded by alums. Something to note about the MBA is that you can apply it to most industries. For people who don’t know what industry is right for them yet, there are a series of specializations and concentrations you can explore in these programs, like strategy, corporate finance, and operations. That said, even if your heart is in the right place, I’d recommend doing your research, and maybe even getting a couple years of hands-on work experience, to help you figure out what areas you want to focus on before pursuing this degree. Once you’re in it, you want to choose the classes, opportunities, and events that satisfy your ambitions and makes the best use of your time. To accelerate your career path. Not everyone who pursues an MBA wants to make a dramatic change. Many are looking to pick up the pace of their professional development within a certain industry or at their current company. A part of that involves gaining access to more senior roles with higher salaries. The average starting salary for MBA grads (class of 2020) is $20,000 a year more than those with an undergraduate business degree, according to the National Association of Colleges and Employers. But that’s not all. Graduates from top MBA programs often land positions that put them on an accelerated path into leadership. The reason is simple: Employers expect graduates of these programs to have the academic, interpersonal, and leadership skills to solve complex business problems. Accelerated MBA programs are also an option for people looking to earn the degree in a shorter period of time. Kellogg launched the first one-year MBA program more than 50 years ago for candidates with the focus and discipline to earn their degree in 12 months, and other schools like Cornell and Duke have added similar offerings. The accelerated option is not for everyone, but if you have a business background and the need for speed, it may be the answer. To expand and diversify your network. A part of enrolling in business school is becoming part of a community of future leaders and well-connected alumni. At Kellogg, our global alumni network spans 65,000 people across more than 15 industries. Those connections add up, and the case is similar at many programs. I was recently talking with a graduate who was in the running for a job at a large e-commerce tech company, but suddenly became stuck in the hiring process. An alum with connections at that company made an inquiry, discovered the issue was a delay in HR, and provided a recommendation that moved her application forward. Most MBA programs offer access to networking events hosted by clubs and employers, as well as affinity networks and student-led conferences — all opportunities that could expand your reach, and therefore, your chances of success in the business world. Sign up for Ascend A weekly newsletter to help young professionals find their place in the working world and realize their personal and career goals. Sign Up Thanks for subscribing, ! You can view our other newsletters or opt out at any time by managing your email preferences. The Wrong Reasons. You’re looking for a magic pill. An MBA isn’t a “golden ticket” that will automatically admit you to higher-paying jobs with bigger responsibilities. It takes passion, proactivity, and hard work to expand your knowledge and skills. And MBA programs are just that: very hard work. Most students who enroll have a track record of professional success and are seeking further development. I wouldn’t recommend applying if your goal is only to gain money or power. If you are feeling doubts about your current role, or struggling to advance at the pace you want, there are other steps you can take first. For example, you can step up at work by asking your manager for a stretch project in your area of interest and seeking out their critical feedback. You can also try cultivating relationships with people whose careers you admire to find out what they did to get where they are. With this level of engagement, you might learn more about what you really want, set new goals, and be positioned to take full advantage of an MBA program when, and if, you choose to pursue one later on. Your parents offer to pay for it. While having the financial support of your parents is tempting, don’t let that be the only reason you apply to business school. You really do need to be “all in”— for yourself and your career. Students who get the most out of business school and reap the benefits in the future are those who want to stretch themselves academically, professionally, and personally. If you’re not “all in,” there are many other ways you can learn about new concepts and industries without spending that large sum of money. You can take advantage of online platforms, go to conferences, or even participate in volunteer programs to build your skills and your network. While we’re on the subject of money, it’s worth noting that cost is something you will want to consider when thinking about business school. Around 51% of MBA students end up taking out student loans to finance their education. At the same time, cost alone shouldn’t be the deciding factor. There are plenty of other ways to pay for an MBA, like through fellowships and employer sponsorship. You’re bored. Your current job bores you, and you don’t have any other options right now. So, the default is to go to business school. Right? Wrong. This is probably not the right step, at least not until you’ve done some more reflection. Boredom can take the form of frustration — with not being recognized, not getting better projects, watching others get promoted. This is an invitation to pause and reflect: Why are these opportunities going to other people and not you? What skills do you need? Will it change how others perceive you? By reflecting on these questions, you can gain insight into your current situation. If you don’t, you could end up asking yourself, “Why did I even go to business school?” That’s the real question: Why? Continue to think about where you are, where you want to go, and what it will take to get you there. Only then will you be able to make the right decision. Read more on Business education or related topic Career planning Liza Kirkpatrick is the managing director of the Career Management Center at the Kellogg School of Management at Northwestern University. Tweet Post Share Save Print Read more on Business education or related topic Career planning Partner Center. Diversity Latest Magazine Ascend Topics Podcasts Video Store The Big Idea Data & Visuals Case Selections
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Result 9
TitleWhat Is a Master of Business Administration (MBA) Degree? | OnlineMBA.com
Urlhttps://www.onlinemba.com/resources/what-is-an-mba/
DescriptionWhat does "MBA" stand for? A master of business administration, or an MBA degree, sharpens the skills of business professionals with graduate-level education
DateDec 23, 2021
Organic Position8
H1What Is a Master of Business Administration (MBA) Degree?
H2Why Should You Pursue an MBA Degree?
Online MBA Programs for You
In-Depth Interview With an MBA Grad
What Types of MBA Programs Are Available?
The MBA Curriculum: What Is It?
FAQ About the Degree of MBA
Recommended Reading
Search Programs by Concentration
H3What Do You Learn in an MBA Program?
What Skills Do You Gain in an MBA Program?
Anna Frances Wood
Full-time MBA
Part-time MBA
Online MBA
Hybrid MBA
Executive MBA
Accelerated MBA
Professional MBA
Global MBA
Modular MBA
Dual MBA
MBA Certificates
Admissions
How Long Does It Take to Get an MBA?
Careers for MBA Graduates
Finances for MBA Students
What is an MBA program?
What is an MBA's salary?
Is an MBA better than a master's degree?
Is an MBA hard?
H2WithAnchorsWhy Should You Pursue an MBA Degree?
Online MBA Programs for You
In-Depth Interview With an MBA Grad
What Types of MBA Programs Are Available?
The MBA Curriculum: What Is It?
FAQ About the Degree of MBA
Recommended Reading
Search Programs by Concentration
BodyWhat Is a Master of Business Administration (MBA) Degree? December 23, 2021 | OnlineMBA.com Staff Are you ready to discover your MBA program? A master of business administration (MBA) sharpens the skills of current and aspiring managers and business professionals. The MBA dates back to the early 20th century. As the nation was becoming more industrial, companies needed professionals with strong management skills to lead administrative operations in the workforce.The world’s first MBA degree — offered by Harvard University in 1908 — took a scientific approach to the concept of management. The program identified a uniform set of skills for business administrators in any industry or field.Since its introduction to industrial America, the MBA has evolved into a diverse and in-depth program for professionals in all areas of business and commerce. Today, the degree is meant to broaden students’ skills in critical thinking, leadership, communication, and problem-solving, while also allowing them to pursue a particular concentration.Continue reading to learn about different types of MBA degrees, typical coursework, and possible careers.Explore This Page: MBA Grad Interview | MBA Degree Types | Curriculum | Careers | FAQWhy Should You Pursue an MBA Degree?An MBA degree comes with the draw of increased salaries, career opportunities, and job security. Here are some other benefits of joining an MBA program: Professional networking: Pursuing an MBA gives you the opportunity to collaborate with like-minded individuals in business, from students and professors to alumni. Forming meaningful professional relationships can enrich your understanding of the field. These contacts can also turn into long-term networking connections and help accelerate your career. Real-world experience: An MBA goes beyond the classroom. It arms students with the strategies and decision-making qualities required to succeed in the real business world. Business leaders are often part of the faculty, mentoring students and helping them gain the skills and confidence necessary for solving real problems for a real company. Better understanding of international business: An MBA, especially one with a concentration in international business, shows prospective employers that you have a keen sense of global affairs. The skills and confidence you acquired in your MBA journey help you market yourself to some of the top companies. Read about the value of an MBA What Do You Learn in an MBA Program?Business professionals value MBAs because of their comprehensive curriculum, specializations, and practical application. To prepare graduates for future leadership positions, MBA coursework covers all aspects of business administration. Students learn about marketing, accounting, strategy, and finance. Soft skills, such as communication and leadership, are also developed.The best online MBAs combine formal classroom training with hands-on learning. Students apply new knowledge and skills during simulation exercises, collaboration and discussion with peers, and examination of case studies. Final capstones often require students to develop a mock business, present a professional portfolio, or put together a mock proposal for an actual client.A solid MBA foundation prepares graduates to enter or advance in the business sector. However, this credential can serve graduates beyond business applications. Skills in problem-solving, strategic research analysis, and effective communication translate to managerial potential in many industries.In an MBA program, participants learn from other business professionals. MBA faculty often possess extensive leadership experience, in addition to a terminal degree. They bring unique experiences, perspectives, and ideas to the classroom, boosting textbook subjects with practical knowledge and expertise.What Skills Do You Gain in an MBA Program? Leadership and Motivation Management is about making a team more efficient. Leadership is about motivating a team to work toward a common goal. MBA students learn leadership skills through a combination of psychology, sociology, and communication studies. Teamwork Successful business leaders know how to work effectively with other individuals and groups. Online MBA programs foster development of teamwork skills by enrolling students in cohorts and encouraging or requiring collaborative participation with other students. Communication and Public Speaking Communication skills are among the most vital soft skills for business leaders. While an online MBA may offer less opportunity for direct in-person contact with peers and professors, students can still enhance their communication and public speaking skills through theoretical study, message boards, and presentations. Problem-solving Effective leaders must know how to address issues and solve problems under pressure. Online MBA students learn essential problem-solving skills through class exercises, studying practical business challenges, and completing coursework. Online MBA Programs for You. Grow your career, leadership, and business acumen with an accredited online MBA program. In-Depth Interview With an MBA Grad. Anna Frances Wood. I was born and raised in the Bay Area and until this summer, I have never left! I went to the University of California, Berkley for my undergrad and designed my own major called organizations and leadership. I spent four years at Google and then went on to Stanford University for my MBA. Since then, I’ve founded Brains over Blonde — a feminist lifestyle platform for women who refuse to choose between femininity and success. Employer CEO of Brains over Blonde What made you consider an MBA?I was fortunate that business school was on my radar early on, and I always knew I would likely want to pursue an MBA at some point. When my learning started to plateau at Google, I was ready for my next challenge, and it felt like the right time.Explain your application process and experience choosing a school.All in all, it was probably a two-year process: one year considering if an MBA was right for me and one year studying for the GMAT, getting the score I needed for the schools I was applying to, and then applying.It was a huge personal growth process as the applications require a lot of self-reflection. I was lucky enough to get into my dream school, so the choice was an easy one.I learned so much — not just about business, but also about life. I got an immense amount of feedback and learned more about who I am, how I come across, and who I want to be.How was your experience in your MBA program?It was the best two years of my life so far. I learned so much — not just about business, but also about life. I got an immense amount of feedback and learned more about who I am, how I come across, and who I want to be. I made friendships that will last a lifetime. The hardest part was my accounting classes, hands down.How was your experience towards the end of your MBA program? Did your school offer to help?Stanford offers many options to help, but I self-sourced my own internship because I had a pretty specific goal – to work as a startup CEO protege for a female founder. I went to all of her meetings and was involved with key decisions. I thought that would be the best way to prepare myself to found my own company after college.How has your MBA affected your life after graduation?My life will never be the same. I look at life differently, the possibilities of what I can do, the people I know – those relationships will last a lifetime.What advice would you give to students who are thinking about earning their MBA?Focus on culture fit; each school has a unique personality. Understand what that is and find the one that fits best with you.What Types of MBA Programs Are Available? Full-time MBA. Full-time MBAs are exactly what they sound like: a full-time commitment. Yet, it may not be possible to devote the time and money necessary for completing a two-year program full time due to other commitments. This traditional program option lets students explore a concentration fully and participate in a corporate internship to gain ample field experience. Part-time MBA. Part-time MBAs are one of several options created to meet the needs of working professionals. Classes are held once a week. They may take place on or off campus, in the evening or on weekends. While part-time programs take longer to complete than a full-time MBA, this option can be convenient for those who want to advance their career while maintaining their professional and personal lives. Online MBA. The online MBA has become a popular option for students seeking a more convenient curriculum format they can complete on their own time. Many online MBAs are also offered on an accelerated schedule, allowing students to maintain work and family obligations and still graduate in less than two years. As with any online program, availability varies from state to state — be sure to check with your school about online options before you commit. Hybrid MBA. The hybrid MBA offers a combination of online and on-campus study. Many hybrid or blended programs offer most coursework online and require minimal campus visits to supplement online classes. Others include equal parts of in-person and online learning sessions throughout the program. This type of MBA may be well-suited for students close to a campus who prefer diverse learning methods and appreciate both independent and group study. Executive MBA. The executive MBA is geared toward midcareer business professionals with roughly 10 years of experience in the industry. Compared to a traditional MBA, which covers general business concepts, this program offers a fast track for those looking to improve their existing business, start a new one, or advance their entrepreneurial skills. Executive MBA classes typically fit the schedules of students with full-time jobs. Programs are faster-paced and may require fewer optional electives than a traditional MBA. Accelerated MBA. The accelerated MBA is exactly that — accelerated. While there are plenty of accelerated MBAs offered on campus, some are also offered online, allowing students the dual convenience of a fast-track program that can be completed from the comfort of their home. Accelerated programs concentrate a full-time study curriculum into a shorter version of the traditional MBA. This is typically done through longer bi- or tri-weekly intensives instead of shorter courses offered once a week. Some accelerated programs can be completed in as little as one year. Professional MBA. The professional MBA caters to early-career business owners, and executives with less than 10 years of experience. Like the executive MBA, professional MBAs are offered as part-time programs, with courses available in the evenings or on weekends to better fit full-time work schedules. Geared toward business professionals in the early stages of their careers, the curriculum of a professional MBA requires more foundation courses and electives than the executive program. Global MBA. Though every school has its own approach to the global MBA, this degree is similar to a foreign exchange program for business-minded grad students. Global MBA cohorts tend to be small, made up of a carefully chosen group of domestic and international students. These students show interest in incorporating global business concepts into their core MBA curriculum. The global MBA is well-suited for students seeking a worldly perspective on business and commerce, and provides ample study abroad opportunities during the program. Modular MBA. The modular MBA is a fully customizable option for experienced business professionals. Like professional and executive MBAs, the modular MBA assumes students have a basic knowledge in fundamental business concepts, and does not require as many electives as a traditional MBA. The modular MBA convenes infrequently, offering several modules in a particular topic simultaneously. It allows students to handpick modules and courses to build their own curriculum. Dual MBA. The dual MBA offers students the opportunity to earn an MBA and another graduate degree simultaneously. This option may be especially convenient for students interested in mastering business administration skills for a career in public policy, criminal justice, or healthcare. While the dual MBA may not compare to the highly immersive curriculum of a standalone, business-oriented MBA, it does allow students to earn graduate-level credentials in two specialized disciplines in roughly the same period of time as a single degree (and often for a discounted price). MBA Certificates. MBA certificates are available in specialized areas of business and management; these are often used to supplement a graduate degree. While not required as part of an MBA program, earning a certificate in a subject like finance, data analytics, or even entrepreneurship can provide students with a highly specialized credential. Certificates can also be useful during the job hunt after graduation. MBA certificates include some of the same coursework as a full MBA, and are available to both pre-MBA undergraduates and experienced professionals. How do I choose the right MBA program? The MBA Curriculum: What Is It?The MBA curriculum typically includes foundation, core, and elective or concentration courses.Students can look into the different courses before enrolling to get a better idea of what they might learn in an MBA program. Explore the various types of MBA courses:Foundation Classes. MBA foundation coursework is important for undergraduates entering an MBA with a non-business degree. Classes include business finance and statistics. These help program administrators assess a student’s level of understanding, while also helping learners build general professional skills they need in the workforce.Core Classes. MBA program core classes explore important skills for business professionals, including accounting, economics, business strategy, and finance. Soft skills like leadership and communication classes may also be included in this category. Regardless of a student’s concentration, they must satisfy a set number of core credits related to key concepts of business administration.Electives/Concentration Courses. Electives and concentration courses depend on a student’s area of interest. These types of courses provide in-depth study in a focused area of business administration to prepare students for their particular career path.Common concentrations include accounting, entrepreneurship, and information technology management. The available electives depend on the program – some schools allow students to choose from a wide variety of interdepartmental courses, while others require students to choose from a smaller group of business topics. Explore MBA specializations Capstone. The capstone or final project is crucial while earning an MBA. A capstone may be delivered in a variety of ways depending on a program’s individual requirements. Capstone projects can include developing a business proposal with a real-life client in mind or presenting a professional portfolio. Capstone courses provide students with an opportunity to showcase the skills they developed during the program.Admissions. MBAs could be ideal for students with undergraduate degrees looking to advance in their current role in the workforce or pursue a career change. Potential MBA students who already have a business-related undergraduate degree can sharpen their skills through continued education in a concentration of their choice. Students with non-business undergraduate degrees can use an MBA to kickstart a career as an entrepreneur or manager.Many MBA programs require applicants to have several years of work experience as a condition of acceptance. While undergraduates with little experience may still be eligible for admission, MBA programs generally favor experienced candidates.Earning an MBA is a major accomplishment that offers significant benefits to those willing to make the commitment. However, even the admissions process can feel challenging. Expect to gather letters of recommendation, write essays, and take the GMAT or GRE test.Once accepted, MBA candidates will likely devote much of their time to pursuing their degrees. Demanding coursework, homework, and internship/fieldwork commitments may leave little time for anything outside of school.While it may not be realistic for everyone to stop working to attend school full time, trying to work while completing an MBA is often quite tricky. Pursuing a more flexible online MBA may be a sensible option for those looking to maintain a steady income while meeting the demands of an MBA program.How Long Does It Take to Get an MBA?The length of time it takes to get an MBA depends on many factors. An accelerated schedule allows you to graduate faster than a part-time program, but this depends on what options are available at a particular school. Some programs offer students the opportunity to take more than one class at a time, while others may have maximum credits each semester.MBA students need to complete 30-60 credits, although learners without a bachelor’s in business may need additional prerequisites. However, it can extend the length of time it takes to graduate. When choosing an MBA, students should select a program that matches their particular scheduling needs.MBA students need to complete 30-60 credits, although learners without a bachelor’s in business may need additional prerequisites.Careers for MBA Graduates. For students interested in business, earning an MBA can be beneficial at all stages of their career. Those just starting an MBA program can develop valuable networking and entrepreneurial skills for future business ventures, while those nearing graduation gain work experience through internships and/or job assistance programs.After graduation, MBAs provide graduates an advantage in an increasingly competitive workforce. MBAs are generally more versatile than other graduate-level business degrees; they offer a variety of concentrations and specialized coursework, allowing students to customize their studies according to their interests and career goals.Whether looking to advance in your current job, find new employment opportunities, or transition into an entirely different career, an MBA is the gold standard for business professionals and prospective employers. The possibilities are nearly endless for MBA graduates, whether they aspire to a career in a traditional business setting (e.g., accounting, finance, or marketing) or in an emerging field (e.g., IT, energy, or global commerce). Senior Accountant. Senior accountants examine and prepare financial records and taxes for individuals and organizations. While entry-level accountant jobs typically require only a bachelor’s degree, many employers prefer candidates with a master’s degree or, specifically, an MBA with a specialization in accounting. Accountants can expect steady and lucrative employment over the next decade, due in part to globalization, a growing economy, and an increasingly complicated tax system in the U.S. Chief Financial Officer. CFOs hold executive positions within upper management and oversee all financial operations of a company or organization. They may also oversee mid-level financial managers or teams, though their job typically deals with high-level responsibilities like fundraising initiatives and budget committee meetings. Similar to other executive positions, including CEO and COO, the MBA is the most common qualification of top chief financial officers. Though requirements vary, many CFOs of large corporations, as well as those in senior public sector positions, have an MBA. Marketing Director. Marketing directors oversee all aspects of marketing operations for a business, company, or nonprofit organization. They may serve in an executive or supervisory capacity, directing marketing, advertising, and promotions. Many marketing directors with an advanced degree and qualifications can earn six-figure salaries in a senior position. Vice President of IT. Vice presidents of IT companies oversee internal and external operations of their organizations at the highest level. The executive decisions made by an IT vice president direct operations for an entire organization, including budgeting and resource allocation, and outreach efforts. They may also meet with board members and shareholders. Vice presidents and other top executives are among the highest paid workers in the U.S., and MBA graduates with extensive work experience can expect favorable employment and salary opportunities in these roles. Learn more about MBA careers Finances for MBA Students. One of the most common reasons for earning a graduate degree is the likelihood of increased earning potential. However, not every master’s degree-holder earns a premium salary compared to the income of a bachelor’s degree-holder.Therefore, prospective graduate students should calculate their own personal return on investment (ROI). In weighing the true worth and benefit of a degree, several factors should be considered, including program cost, long-term and short-term income potential, and lifetime benefits.In the last two decades, an MBA has become the most common master’s degree because of its focus on job-readiness and career advancement. Given the wide variety of MBA programs available, both online and in-person, the cost of the program can vary significantly.The cost of an online MBA program from Colorado State University costs $42,615, while the cost of an MBA from Harvard University is $101,318. Online courses are not necessarily the most affordable MBA programs. For example, an online MBA program from George Washington University, tuition can be well above $100,000.Many schools, including more expensive ones, often have options for financial aid. It must also be noted that an expensive school or degree may not always lead to the highest salaries. What matters more is the type of degree or concentration. Certain MBA concentrations have greater potential for higher starting salaries. While calculating the ROI , students must also take into account school debt.The ROI of every MBA program differs from one student to another. To have a better understanding of a program’s ROI, students must consider their own finances and the total cost of the degree, along with job growth and potential salaries in their chosen field. Master’s Degree Type Average Annual Salary Master of Business Administration (MBA) $91,000 Master of Accounting (MAcc) $73,000 Master of Finance (MFin) $78,000 Source: Payscale, December 2021 Degree Level Average Annual Salary Associate of Business Administration $57,000 Bachelor of Business Administration $69,000 Master of Business Administration $91,000 Source: Payscale, December 2021 How can you finance your MBA degree? FAQ About the Degree of MBA. Collapse All Expand All What is an MBA program? An MBA stands for master of business administration, one of the most popular degrees in the world and offered by business schools globally. It was introduced by Harvard University in 1908. What is an MBA's salary? The starting average salary of an MBA graduate can be anywhere between $91,000 and $115,000 annually. The salary can depend on the school and the type of MBA concentration. Is an MBA better than a master's degree? While anyone from any professional or academic background can pursue an MBA, a master’s degree is meant for those who want to specialize in a certain field. An MBA offers job growth and career flexibility, while a master’s degree provides deep knowledge of a subject. Both options can be beneficial depending on your career goals. Is an MBA hard? An MBA may be easier for those who have professional experience in the business world. For someone just out of college earning an MBA degree could prove tough, but the challenges may be rewarding in the long run. Featured Image: Marko Geber / DigitalVision / Getty Images Recommended Reading. The Best Online MBA Programs of 2022. January 6, 2022   |   Alaina McCartney Interested in learning more about online MBA programs? Read on to discover all about the best online MBA programs for 2022. The 5 Best Accelerated Online MBA Programs. December 8, 2021   |   Alaina McCartney Accelerated MBA programs help working professionals advance their careers without leaving work. Learn more about the top accelerated online MBA programs. The Most Affordable Online MBA Programs 2022. December 22, 2021   |   Alaina McCartney Earning an MBA should increase graduates' purchasing power, not cost them an arm and a leg. Learn more about the most affordable online MBA programs and how to apply. Search Programs by Concentration. View schools and degrees from across the country.Find the right program to advance your career. Close Latest Posts The Value of Diversity in the Workplace Budget Analyst Career Overview MBA Resources for Women Financial Analyst Careers Online MBA in Cybersecurity
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Result 10
Title10 Very Good Reasons to Do an MBA Degree - Masters Portal
Urlhttps://www.mastersportal.com/articles/340/10-very-good-reasons-to-do-an-mba-degree.html
DescriptionAn MBA will offer you a wealth of advantages, especially when it's from a well-regarded business school. Getting a high MBA salary after ...
DateMay 12, 2021
Organic Position9
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TitleWhat is an MBA Degree? Definition and Explanation
Urlhttps://www.bschools.org/faq/what-is-an-mba
DescriptionDiscover what a master of business administration (MBA) degree is, its benefits, its concentrations and specializations, and its varied formats
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Organic Position10
H1What is an MBA Degree? Definition, History, Concentrations & Benefits
H2The History of the MBA
The Prestige and Benefits of an MBA
Exploring the Different Types of MBAs and Specialty Concentrations
Expected Duration and Coursework of an MBA Program
Related Programs
Related FAQs
Related Posts
H3B-School Search
Online MBA Programs Ranked by Affordability (2021-2022)
The Push to Reopen Business Schools – The Covid-19 Revolt MBA Students May Soon Regret
Business School Campuses & Covid-19, Part One
UNC’s Kenan-Flagler: Two Views, One Business School
The New Harvard Business School Online and the Future of Education
Femme-BAs: How the Foster School of Business Wins with Women
Why Older Professionals Enroll in MBA Programs
H2WithAnchorsThe History of the MBA
The Prestige and Benefits of an MBA
Exploring the Different Types of MBAs and Specialty Concentrations
Expected Duration and Coursework of an MBA Program
Related Programs
Related FAQs
Related Posts
BodyWhat is an MBA Degree? Definition, History, Concentrations & Benefits HomeFAQWhat is an MBA Degree? B-School Search. Sponsored An MBA, short for a master of business administration, is a graduate degree that provides students with practical and theoretical training to aid them in better understanding the general functions of business management. While it’s possible to be promoted into management without an advanced degree, earning an MBA positions graduates to be top leaders for their teams and organizations. While some MBA programs accept students without professional experience, some MBA programs require that applicants have two to four years of work experience (professional MBA programs) or even five or more (executive MBA programs). Professional MBA programs are meant for bachelor’s degree holders with less than five years of experience while executive MBA programs are aimed towards those aspiring to senior-level management positions. As previously mentioned, applicants to MBA programs must possess a bachelor’s degree, and some have a master’s degree in another discipline as well. Dual-degree MBA programs are available to those who want to weave business acumen into their field. For example, a common dual-degree offering is a master of public health (MPH) combined with an MBA degree for those who want to work in healthcare policy and management. To be sure, earning an MBA means investing a significant amount of time and financial resources, but ultimately pays off in personal satisfaction as well as competitive salaries and career growth opportunities. Read on to learn about the ins and outs of MBA programs. The History of the MBA. An MBA is an internationally-recognized advanced business degree with a history dating to the nineteenth century. In 1881, Joseph Wharton established the Wharton School of Business at the University of Pennsylvania. As an industrialist and entrepreneur, Wharton envisioned a program that would produce graduates considered pillars of the state. Nearly a century later in 1979, Wharton School of Business educated more than 230 participants per year and its Philadelphia and San Francisco campuses. In 2012, Wharton was the top business school on Coursera, offering free courses and certificates to more than 100,000 learners in 50 courses. Today, the Association to Advance College Schools of Business International (AACSB) accredits 876 business programs in 57 countries and territories. These programs have proven to meet the high peer-reviewed educational standards for strategic management, learner success, and impactful thought leadership. Featured MBA Programs Purdue University Global Online MBA View Full Profile Wake Forest University Online Master of Business Administration (MBA) View Full Profile Maryville University Master of Business Administration View Full Profile Villanova University Online Master of Business Administration View Full Profile University of California, Davis Online MBA ([email protected]) View Full Profile University of Miami Online Master of Business Administration View Full Profile The Prestige and Benefits of an MBA. An MBA degree can have considerable clout relative to other degrees. The initial appeal of an MBA is typically career advancement and higher salary prospects, which, according to research in Forbes, are to be expected. Ronald Yeaple conducted the first methodology for ranking business schools by the Return-on-Investment (ROI) of their MBA degrees in 1994 and again in 2014. He tracked the salaries of thousands of survey participants before and after they completed an MBA program. Unsurprisingly, respondents reported a 50 percent pay increase upon graduating. This methodology is now the basis for Forbes Magazine’s biennial ranking of business schools. While this initial pay bump is exciting in its own right, MBA holders’ salaries often continue to increase for many years beyond. In his study, Yeaple found that the average MBA graduate earned 80 percent more after five years. However, more money and a better job title are not the only benefits of an MBA. Walden University recently created a list of five non-monetary reasons for business professionals considering an MBA: New career paths: MBA programs force introspection that helps students determine what matters the most. Not only can they solve complex business issues, but they might also decide to go in an entirely different direction than they originally planned. A shared passion for business: In some MBA programs, students remain with the same group of cohorts throughout the duration. By going through the same courses at the same time, students get to connect with people who share their interests. It is easy to do in non-cohort programs, as well, since everyone who meets online or in-person has the shared goal of learning as much as possible about business administration. Increased collaboration: A good MBA program simulates real-life business, regardless of its format (online, in-person, or a combination of both), meaning that most projects are completed in teams. Students also learn how to build teams of their own, which is a definite asset in the diverse, worldwide business economy of today. A holistic business education: Even if students decide to pursue an MBA specialization, they benefit from the broad-based business administration courses that schools typically require as core components of a degree program. Improved communication skills: Students who push themselves to complete an MBA program can find many opportunities to develop the way they communicate with others. From sending emails to working with online groups to giving oral presentations, the program is uniquely designed so that every student will learn how to get their ideas across in a more concise manner. Another thing to consider is that MBAs are in high demand with employers. The Graduate Management Admission Council reported that 81 percent of the employers it surveyed intended to hire an MBA program graduate in the next 12 months, and the projected median starting salary for recent MBA graduates was $105,000—a 21 percent difference compared to the direct-from-industry hires salaries at $85,000 in 2018. As a basis of comparison, this is 47 percent more than recent bachelor’s (i.e., first degree) graduates in the U.S., who earned a median starting salary of $65,000. Exploring the Different Types of MBAs and Specialty Concentrations. The University of North Alabama describes a traditional MBA as one that combines a core curriculum with several electives to give students an opportunity to specialize and expand their business administration knowledge. An executive MBA, on the other hand, typically attracts experienced business professionals who want to develop their management and leadership skills even further. Schools usually want executive MBA students to have a minimum of five years of professional experience before applying. Another big difference is that an executive MBA program doesn’t offer specializations as a general program does. While all colleges with MBA programs offer a general business focus, most allow students the option to specialize in a concentration. Specialization is recommended for those who know the career path in which they are most interested, but in some cases, it might take a bit longer to complete the degree compared to students in the general track. When MBA schools offer a specialization, students typically have just a handful of options from which to choose. However, dozens of specialty MBA concentrations exist. Here are just ten to consider: Accounting: Learn about applications, data, and procedures that enable professionals to analyze financial data appropriately. Business analytics: Explore artificial intelligence, data mining and acquisition, machine learning, and text mining in this specialization. Entrepreneurship: Create a business plan and learn the skills needed to succeed as a business owner or an entrepreneur in a corporate setting. Finance: Master the theoretical and analytical skills needed to master both typical and complex financial situations. Global business management: Learn how to function in a global economy, including in the areas of accounting, finance, marketing, and public policy. Healthcare administration: Usually designed to teach those from a healthcare or practitioner background about management and leadership skills. Management: Learn to solve common leadership issues and study social science to understand best practices in employee motivation. Marketing: Study markets, competition, and product portfolios to learn how to gain a competitive edge. Operations management: Learn how to discover, develop, and test new methods and principles, with a strong tie to process management. Supply chain management: Explore the many elements of managing a successful product supply chain and consistently meeting customer expectations. There is also the option of completing a joint or dual degree with an MBA. This typically involves completing coursework that goes toward a master’s degree in business education and a specialty area at the same time. Popular dual-degree MBA programs include master’s degrees in education, public health, environmental studies, journalism, public policy, and even doctorates in medicine. For these options, students should be prepared to spend one to three additional years in school. Expected Duration and Coursework of an MBA Program. MBA students have the option of completing the entire MBA degree program on campus, online, or a combination of the two, called a hybrid program, depending on the university. Many working professionals find the online or hybrid option most attractive because it allows the flexibility they need to continue working and meeting other responsibilities. Then there is the matter of whether attending part-time or full-time or completing an accelerated MBA program. Ramapo College of New Jersey describes these options as follows: Part-time MBA program: This is a good option for those who do not have the time or money to devote to a full-time MBA program. Most schools that offer a part-time MBA program require students to complete it within a determined period. Five years is standard, although most part-time students finish much sooner than that. Students take the same courses as their full-time counterparts but fewer courses each term. Full-time MBA program: This program generally takes two years to complete, regardless of its format. These programs may take place on campus evenings and weekends or online. Students will typically complete similar first-year courses as other students even if they chose a specific concentration. Elective courses would come in the second year. Accelerated MBA program: Accelerated programs allow students to complete their MBA degree and begin earning a return on their investment faster. Programs are typically full-time, and students should expect to understand the coursework more quickly because classes run fewer weeks than those of typical MBA programs. This is a demanding track but a good option for those who want to finish school as quickly as possible. The time it takes to complete an MBA depends on the specifics of the program and whether students opt to complete courses full-time, part-time, or at an accelerated pace. The typical timeline for a full-time MBA is two years, a part-time MBA program can be completed over three to four years, and an accelerated program could be as short as one year. The following core coursework at the University of North Carolina Chapel Hill’s Kenan-Flagler Business School is typical of what students can expect from most MBA programs: Accounting Business communication Business strategy Economics Finance Management and leadership Marketing Operations An MBA is an investment that can pay off in tangible and intangible ways. Deciding to enroll in a program is the first of many big decisions MBA students will face. Taking the time to research all options is the best thing prospective MBA candidates can do for themselves. Matt Zbrog Writer Matt Zbrog is a writer and freelancer who has been living abroad since 2016. His nonfiction has been published by Euromaidan Press, Cirrus Gallery, and Our Thursday. Both his writing and his experience abroad are shaped by seeking out alternative lifestyles and counterculture movements, especially in developing nations. You can follow his travels through Eastern Europe and Central Asia on Instagram at @weirdviewmirror. He’s recently finished his second novel, and is in no hurry to publish it. Related Programs. 1 AACSB-Accredited Online MBA Programs 2 ACBSP-Accredited Online MBA Programs 3 Flexible MBA Programs 4 IACBE-Accredited Online MBA Programs 5 MBA in General Management 6 One-Year Online MBA Programs 7 Online Dual-Degree MBA Programs Related FAQs. 1 Do Online MBA Programs Require Residency or Campus Visitation? 2 How Long Does it Take to Complete an MBA Program? 3 How Many Credits Do Online MBA Programs Require? 4 Is Attending Business School Worth It? 5 What Learning Management Systems Do Top MBA Programs Use? 6 What is Demonstrated Interest and Why is it Important for MBA Admissions? 7 What is an MBA Capstone Project? Related Posts. 16 July 2021 Online MBA Programs Ranked by Affordability (2021-2022). Earning an MBA can be expensive. These online programs ranked by affordability can be a viable alternative to more expensive programs while still receiving an excellent education and providing the flexibility working professionals need to balance the demands of work, family, and higher education. 24 March 2021 The Push to Reopen Business Schools – The Covid-19 Revolt MBA Students May Soon Regret. When the Kellogg School of Management at Northwestern University decided to defend against Covid-19 in February 2021 by limiting classes with an in-person or hybrid in-person/remote configuration to only 16 percent of the courses offered by the school, MBA students swiftly and vigorously pushed back. 7 September 2020 Business School Campuses & Covid-19, Part One. These initiatives demonstrate the big budgets business schools are investing to create an illusion of security and safety surrounding Covid-19 so that MBA students will pay them the kinds of high tuition they’ve always paid. 18 July 2019 UNC’s Kenan-Flagler: Two Views, One Business School. In the nascent years of online MBA programs, there was a clear hierarchy: on-campus programs were considered the premier option, while online programs were considered second-rate. That hierarchy doesn’t exist anymore. 12 July 2019 The New Harvard Business School Online and the Future of Education. Dr. Joshua Kim, the director of digital learning initiatives at Dartmouth College’s Center for the Advancement of Learning (DCAL), wrote “the rebranding of HBX to Harvard Business School Online is a signal that online education has well and truly arrived. For those of us in the online education game, Harvard Business School rebranding to embrace online is a great development.” 10 July 2019 Femme-BAs: How the Foster School of Business Wins with Women. Many business schools still have demographics in the student body and faculty that seem pulled from the previous century. In Foster’s eyes, however, the concepts of diversity and inclusion aren’t a sidebar but rather they’re core tenets of what it means to be an innovative and contemporary business school. 8 July 2019 Why Older Professionals Enroll in MBA Programs. In some cases, age comes with benefits. And when applying for an MBA program, work experience matters a lot. Acceptance rates at top business schools can be higher for older professionals.
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TitleWhat is MBA? The full form, courses, and admissions 2022
Urlhttps://e-gmat.com/blogs/mba-master-of-business-administration/
DescriptionWhat is MBA? Read this 2022 guide. MBA full form, courses, entrance exams, admissions, and salary details included
Date
Organic Position11
H1What is MBA? The full form, courses, and admissions 2022
H2What is MBA full form?
What is MBA?
Why MBA?
MBA Admissions 2022 – When is the deadline?
What is the average MBA Salary?
Which entrance Exam to take?
What is MBA program eligibility criteria?
What work experience is required?
Which are the types of MBA courses?
What are the types of MBA specializations?
What is the cost of MBA?
How to get MBA Scholarship?
Which are the Top MBA destinations?
Which are M7 Business Schools?
Which are Ivy League schools?
What is MBA? – FAQ
People who read this article also read
H3Top Business Schools MBA Essays Decoded
Finance
Marketing
Human Resource Management
Operations Management
Business Analytics
Consulting
Technology
Entrepreneurship
Supply chain management
Energy
Study MBA in USA
Study MBA in UK
Study MBA in Australia
Study MBA in Canada
Study MBA in Singapore
Study MBA in India
A Few Related Posts:
H2WithAnchorsWhat is MBA full form?
What is MBA?
Why MBA?
MBA Admissions 2022 – When is the deadline?
What is the average MBA Salary?
Which entrance Exam to take?
What is MBA program eligibility criteria?
What work experience is required?
Which are the types of MBA courses?
What are the types of MBA specializations?
What is the cost of MBA?
How to get MBA Scholarship?
Which are the Top MBA destinations?
Which are M7 Business Schools?
Which are Ivy League schools?
What is MBA? – FAQ
People who read this article also read
BodyWhat is MBA? The full form, courses, and admissions 2022 Suheb Hussain Published Sep 9, 2021 MBA full form is Master of business administration. It is an internationally recognized post-graduate program that equips its students with the necessary skills to make a career in business and management. In addition to providing holistic business education, it offers a platform to develop leadership skills, build a professional network, and accelerate your career trajectory to earn a six-figure salary. The admissions for 2022 intake are now open, with the majority of the top MBA colleges announcing their application deadlines. The MBA or Master of Business Administration course can cost you anywhere between $20,000 to $50,000. However, the total MBA cost can go above $100,000 for the best MBA colleges in the world. But what about the ROI? The average salary differs based on the country you work. According to PayScale, the average salary of an MBA graduate in the USA is approx. $90,000, whereas in Canada it is approx. $67,000. The average MBA cost for the top 100 colleges in India is approx. $20,000. Are you getting interested in knowing more? Here are some key questions related to MBA:  [hide]What is MBA full form?What is MBA?Why MBA?MBA Admissions 2022 – When is the deadline?What is the average MBA Salary?Which entrance Exam to take?What is MBA program eligibility criteria?What work experience is required?Which are the types of MBA courses?What are the types of MBA specializations?What is the cost of MBA?How to get MBA Scholarship?Which are the Top MBA destinations?Which are M7 Business Schools?Which are Ivy League schools?What is MBA? – FAQWhat is MBA full form? . MBA or Master of Business Administration (full form) first originated in the United States in the late 19th century – early 20th century, when the country was at the peak of industrialization, and managing those industries required scientific management skills. To fill the demand for skilled individuals, the first business schools were set up in the United States. Within a few years, MBA became one of the most popular graduate programs, with thousands enrolling for the course. To this day, every year, hundreds of thousands of students graduate from an MBA program to make a career in Marketing, Finance, HR, Operations, Analytics, etc. Now that you know what is the full form of an MBA and its history, let’s find out what makes the degree so desirable, the type of courses, specialization, scholarships, admissions 2022, and where can you pursue it. Did you know that Indian students account for almost 30% of all the MBA Applicants, yet only 9% of the class at Harvard, Stanford, Wharton, or other top business schools comprises Indian nationals? So, how do you increase your chances of getting an admit to top business schools? What is MBA? MBA stands for Master of Business Administration. It is one of the most recognized and respected post-graduate programs in the world, and more than 3000 business schools offer 10,000+ MBA programs today across the globe. An MBA is generally, a two-year post-graduate degree course in Business management and administration. The reason what makes it so popular is the catalytic effect it has on peoples’ careers. If you want to boost your career, then MBA is one of the most efficient ways to do it. Also, an MBA comes in various forms, which we call ‘courses’ and ‘specializations.’ Here are some key details regarding what is MBA including its full form: MBA full form Master of Business Administration Degree Masters or Post Graduate DurationTwo years, One year – Know the difference Course types Full-time MBA, Online MBA, Executive MBA, and Part-time MBA Specializations Finance, Marketing, Operations, Human Resource Management, Consulting, Business Analytics, Entrepreneurship, Supply Chain Management, Energy, and Technology Average MBA Starting Salary India – INR 8,00,000, USA – Above $90,000, UK – £54,000, Canada – CAD 83,000, Australia – AU$103,000. MBA Cost at Top Business Schools (Average)$91,687 – $237,636Popular Entrance Exams GMAT, GRE, and CATTop Business Schools in India Some of the top MBA colleges in India are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, XLRI Jamshedpur, ISB, SPJIMR Mumbai, IIM Lucknow Top Business Schools in the USA Some of the top business schools in the USA are Harvard, Stanford, Columbia, MIT Sloan, Wharton School of Business, Duke Fuqua, Michigan Ross, Cornell University-Johnson, UCLA Anderson, USC Marshall, UT Austin McCombs, Carnegie Mellon Tepper, and UNC Kenan-Flagler Top Business Schools in Europe Some of the top business schools in Europe are INSEAD, London Business Schools, Cambridge Judge, HEC Paris, Oxford, and IMD Top Business Schools in Australia Some of the top MBA colleges in Australia are Melbourne Business School, Australia Graduate School of Management, Monash Business School, and MGSM Macquarie Top Business Schools in Canada Some of the best business schools in Canada are Rotman School of Management, McGill Desautels, Schulich School of Business, Ivy Business School, and HEC Montreal M7 Business Schools Harvard Business School, Columbia Business School, Wharton School of Business, Kellogg School of Management, MIT Sloan, Chicago Booth, and Stanford GSB. Ivy League Schools – MBA Harvard Business School, Columbia Business School, Johnson College of Business, Wharton School of Business, Yale SoM, and Dartmouth Tuck. Why MBA? There are many benefits of pursuing a Masters’s in business administration. Some of the reasons are Career growth and Transformation, Higher pay package, subject specialization, and many more. Here is an article that highlights the Top 20 reasons to pursue an MBA. Watch this video that will give you reasons why you should pursue MBA: Many students get confused about whether to pursue an MBA or PGDM. Here is an article that can help you decide between the two post-graduate degrees. Besides, an MBA is only worth the time and money you want to invest in it. Here is an article that can help you know the value of your MBA investment in 2021 by doing a cost-benefit analysis. Also, check out which MBA program had a high ROI. MBA Admissions 2022 – When is the deadline? The admissions for 2022 intake has started. Top business schools like Harvard Business School, Wharton, Columbia Business School, Kellogg School of Management, Indian School of Business, and many more are already done with their Round 1 applications. Take a look at the upcoming deadlines for 2022 intake. Want to get into top business school? To get into top programs, you need to understand what the admissions committee is looking for. The MBA Admission committees look for Intellectual aptitude, Interpersonal skills, personal fit, and Leadership qualities. Various parameters are used to evaluate your skills. For example, your GMAT score and GPA will give an idea about your intellectual aptitude. Similarly, your career goals will help in assessing if you are a good fit for the b-school. Here is an article where we discuss in detail how to get into top business schools. Check out this article on How to impress the MBA Admissions Committee. Here are some articles on how to get into – Harvard Business School, Columbia Business School, INSEAD Business School,  Stanford GSB, Indian School of Business, and London Business School. Did you know the higher the GMAT score, can increase your chances of getting an admit to the top business schools? Start your GMAT Preparation with our FREE Trial today! We are the most reviewed GMAT Prep company with more than 2200+ reviews on the GMATClub. Get free resources Take a free mockWhat is the average MBA Salary? . The average salary for the top 50 business schools is around $100k. Besides, your post-MBA salary also depends on the country you work in. Apart from the country, the industry you choose determines your salary. On average, the salary for students graduating from a Top 60 US B-School is around $152,000. Moreover, jobs after MBA graduates in Consulting, Financial Services, and Technology offer a starting salary of over $100,000. Here is a list of articles related to MBA Salary and Career: Factors affecting the Average SalarySalary, Career Prospects, and OccupationsAverage Salary by Industry Which entrance Exam to take? Many business schools ask you to take standardized tests like GMAT and CAT as part of their application. Here is an article highlighting the differences between GMAT and CAT. Also, check out how you can use CAT preparation for the GMAT. Another popular entrance exam is GRE. General, if you want to do an MBA, then you should take the GMAT, but if you are still confused about which master’s degree to pursue, then go for GRE. However, a lot of business schools have started taking both GMAT and GRE. Here is an article that will help you decide whether to take the GMAT or GRE. You can also watch this video to know the diffrence between GMAT and GRE: Start your GMAT Preparation with our FREE Trial today! We are the most reviewed GMAT Prep company with more than 2200+ reviews on the GMATClub. Get free resources Take a free mockWhat is MBA program eligibility criteria? . With acceptance rates at top business schools as low as 6%, MBA is one of the most competitive programs in the world, with hundreds of thousands of applicants vying for prized spots in top programs every year. Successful applicants at top business schools spend, on average, 5-to-6 months working on their B-School Applications.  Each Master of business administration program (MBA) has its own set of parameters that they look into. You need at least an undergraduate degree to be eligible. Some business schools also put a condition of minimum grade/ percentage in the undergraduate degree and the number of years of work experience. Generally, you require: A bachelor’s degree or equivalent qualificationGMAT/GRE/CAT ExamGPAWork experienceLetter of RecommendationsEssaysResumeInterviewEnglish Proficiency Test (TOELF, IELTS, etc.) The majority of the top business schools evaluate a candidate based on his/her overall application. Few of them also have video essays. Here are some tips for creating impressive Video Essays. Here is a list of articles that can help you with your MBA Application: Common Mistakes to Avoid in ApplicationApplication ProcessHow to improve your MBA Profile How to approach your MBA Application? Top Business Schools MBA Essays Decoded. Harvard Business School, Oxford Saïd, Darden School of Business, Northwestern Kellogg, Wharton School, Dartmouth Tuck, Duke Fuqua,  Yale SoM, London Business School, Michigan Ross, UC Berkeley Haas, Chicago Booth, INSEAD, MIT Sloan, and Stanford GSB. What work experience is required? Most business schools require at least 2-5 years of work experience. However, there are few early-career programs where you are not required to have work experience. These types of programs are called Deferred MBA programs. It allows you to secure a seat in a future class of the flagship MBA program before you accumulate the work experience required. Check out the benefits and top deferred MBA Programs. Which are the types of MBA courses? Master of business administration program (MBA) programs come in all shapes and sizes. There are a few types of MBA courses that are more popular than others based on the value of each: Full-timeExecutivePart-timeOnline Learn in detail the difference between the type of courses mentioned above. Are you confused between a one-year and a two-year program? Check out how to choose a one-year MBA over a Two-year MBA program. What are the types of MBA specializations? Depending upon your career interest, you can choose which field you want to specialize in. Here are the most popular specializations: Finance. Careers in the finance industry are diverse, and it presents a rewarding and dynamic career path that might be a springboard for many future opportunities. You can get into Private equity or investment banking organizations after an MBA in Finance. Here are the top 10 business schools for MBA in Finance Marketing. Some of the careers that you can pursue after an MBA in marketing are as a marketing manager, brand manager, sales manager, and product manager. Here are the top 10 business schools for MBA in Marketing Human Resource Management. The advancement in information technology, coupled with predictive analytics in HR processes, is boosting growth in the Human resource function. Some of the skills gained after pursuing an MBA in HR include – organizational and project management skills, general IT skills, leadership, teamwork, and many more. Check out the career option and salary in HR. Here are the top 5 business schools for human resource management. Operations Management. A graduate with an MBA in operations management is primarily concerned with organizing, planning, and supervising in the context of manufacturing, production, or services. Some of the common job titles are – inventory manager, operations consultant, operational marketing manager, and many more. Here are the top 10 business schools for MBA in Operations Management Business Analytics. Pursuing the best analytics MBA programs can help students sort big data and analyze it to make efficient decisions. Some of the career options available after a specialization in business analytics are market research analyst, big data analyst, and program manager. Here are top MBA colleges for business analytics Consulting. Apart from the high salaries and prestige that accompany a career in consulting, learning, networking, and subsequent opportunities are few reasons why consulting is a popular post-MBA career. Here are some of the top business schools for consulting. Technology. Some of the tech companies that heavily recruited MBA graduates include Microsoft, Google, Facebook, etc. Here are top MBA programs for Technology Entrepreneurship. Entrepreneurship today is among the top 5 majors opted in MBA programs across the globe. Here are the best business schools for entrepreneurship Supply chain management. Some of the career options available after an MBA in supply chain management are Procurement manager, transportation manager, industry analyst, and warehouse operations. Here are the top MBA programs in Supply chain Management Energy. Some of the energy companies that hire the highest number of MBA graduates are Phillips 66, Chevron Corporation, ExxonMobil, and BP. Here are top business schools for a career in the Energy industry What is the cost of MBA? . The average MBA tuition fees for the top business schools range from $61,487 – $160,864. However, these are not the only costs you incur. Pre-MBA cost and Living Costs also need to be included while calculating your total cost. Thus, the total MBA cost at top business schools comes up to $91,687-$237,636. Check out how you can reduce your MBA cost in 2022. How to get MBA Scholarship? A university-offered scholarship is a monetary reward meant to assist deserving students in financing their education at that school. While other non-university-offered MBA scholarships do exist, we will not be covering them in this article since they are not open to all candidates. To know more about those scholarships, simply hop on over to the “Funding” page of your desired MBA program’s website.   Scholarship amounts can range from $5,000 to “Full-Tuition” and typically reflect the admissions committee’s willingness to have you join their class as opposed to joining that of a competing school. There are various forms of MBA scholarships, such as: Need-based ScholarshipsMerit-Based ScholarshipsDiversity and Gender-based scholarshipsExternal Scholarships Check out what is a good GMAT score for an MBA scholarship is? Learn about the various qualities that can get you an admit and scholarship from top programs in 2022: Did you know the higher the GMAT score, can increase your chances of getting a scholarship! Start your GMAT Preparation with our FREE Trial today! We are the most reviewed GMAT Prep company with more than 2200+ reviews on the GMATClub. Get free resources Take a free mockWhich are the Top MBA destinations? There are many top destinations for getting an MBA or Master of business administration program (full form). These destinations offer the best education infrastructure and industry interface and, therefore, are more popular than the rest of the world. These are the top destinations for master’s in business administration (MBA): United States (USA)United Kingdom (UK)AustraliaCanadaSingaporeIndia Study MBA in USA. The United States is home to the oldest and most popular business schools. For instance, when thinking of an MBA, Harvard always comes to our minds. Where is Harvard located? In the United States. According to the Financial Times 2021-2022 business school rankings, the US is home to 51 out of the 100 top business schools in the world. Here is a list of some of the most well-known US business schools where every MBA aspirant wants to study: Stanford Graduate School of BusinessUniversity of Pennsylvania WhartonNorthwestern KelloggChicago BoothMIT SloanHarvard Business SchoolUC Berkeley HaasColumbia Business SchoolYale School of ManagementNYU SternUniversity of Virginia DardenDartmouth College TuckDuke FuquaMichigan RossCornell University-JohnsonUCLA AndersonUSC MarshallUT Austin McCombsCarnegie Mellon TepperUNC Kenan-Flagler Check out the MBA Salary, Visa Requirements, STEM Programs, and best business school with their MBA Cost in the USA. Did you know around 15-20% of applicants get rejected by visa officers at various US consulates every year despite having secured an admit for higher education? To help you navigate the visa process, watch this video where we have shared five must-know facts about an F1 visa. Study MBA in UK. UK is another sought-after location for students to pursue an MBA. The admission procedure is a little bit relaxed as compared to top US business schools. Also, the UK is a top destination for international students. UK Business schools witness a large proportion of their class to be comprised of international students. The UK also recently extended its post-study work visa to 2 years. Here are a few top UK business schools: London Business SchoolOxford Saïd Business SchoolCambridge Judge Business SchoolWarwick Business SchoolImperial College Business School Study MBA in Australia. In Nov 2019 alone, 90,792 students of the 115,290 Indian students came to study in Australia, out of which 90,792 students enrolled in post-graduate programs. There are two reasons for it; a strong economy and favorable visa conditions. Thus, pursuing an MBA in Australia is becoming a much feasible option for students who find it challenging to get into top US business schools. Here are a few top business schools in Australia: University of Melbourne: Melbourne Business SchoolUniversity of New South Wales: Australian Graduate School of ManagementMonash University: Monash Business SchoolUniversity of Queensland Business SchoolMGSM MacquarieUniversity of Western Australia Business SchoolAustralian National University (ANU)DeakinWollongong la TrobeRMIT University School of Business and Law Check out the above mention business schools in detail with the Student/work Visa and requirements to pursue an MBA in Australia. Study MBA in Canada. Owing to uncertainty over the H-1B, Canada is quickly becoming a popular destination for international students. According to the Canadian Bureau for International Education, 96% of international students recommend Canada as an education destination, and 60% of international students plan to apply for permanent residence. India accounts for 30% of the international students coming to Canada, which is the highest among all countries. MBA in Canada, therefore, has picked up momentum in terms of popularity. Here are a few top business schools in Canada: University of Toronto’s – Rotman School of ManagementMcGill University’s – Desautels Faculty of ManagementYork University’s – Schulich Schools of BusinessWestern University’s – Ivey Business SchoolHEC MontréalQueen’s Smith School of BusinessAlberta School of BusinessUBC Sauder School of BusinessConcordia University – John Molson School of businessSobey School of Business Check out in detail the top MBA programs in Canada and why you should pursue an MBA in Canada. Here is Why you should pursue MBA in Canada. Watch this video: Study MBA in Singapore. One of Asia’s financial centers, Singapore, attracts a lot of students to build a career out of their robust education system. MBA is one of the most sought-after post-graduate programs in Singapore. Here are a few top business schools in Singapore: NUS Business SchoolSingapore Management UniversityINSEAD SingaporeNanyang Business School Understand what makes Singapore a good place to pursue an MBA: Study MBA in India. India is home to a broad base of MBA aspirants and some of the best business schools. You’ll find business schools across India, but the top business schools are located in metros and cities as they have access to business and industrial hubs at these locations. This article gives information on the top 100 business schools in India in 2022. Here are a few top business schools located in Indian cities: MBA in Delhi. Delhi is one of the most preferred locations when it comes to doing an MBA. The access to corporate hubs in Noida and Gurugram gives Delhi an edge over a lot of Indian cities. Here are some of the top business schools in Delhi and the National Capital Region: Faculty of Management Studies (FMS), Delhi UniversityMDI GurgaonIMT GhaziabadIIFT DelhiDepartment of Management Studies, IIT DelhiIMI DelhiBIMTECH NoidaLBS DelhiFORE Delhi MBA in Mumbai. Mumbai, the financial capital of India, attracts a considerable number of MBA aspirants owing to superb access to top organizations of India and abroad. Therefore, a lot of top business schools are located in Mumbai. Here are a few top business schools in Mumbai: SPJIMR Mumbai: SP Jain Institute of Management and ResearchNMIMS Mumbai: School of Business ManagementNITIE Mumbai: National Institute of Industrial EngineeringJBIMS Mumbai: Jamnalal Bajaj Institute of Management StudiesIIT BOMBAY: Shailesh J Mehta School of Management MumbaiSIMSR Mumbai: K J Somaiya Institute of Management MBA in Pune. Pune is one of India’s top MBA destinations. Known as the ‘Oxford of the East,’ Pune has some of the finest MBA colleges. These colleges offer excellent MBA education and placement opportunities. Here is the list of top MBA colleges in Pune: SIBM Pune: Symbiosis Institute of Business ManagementSCMHRD Pune: Symbiosis Centre For Management and Human Resource DevelopmentPUMBA: Department of Management Sciences University of PuneSymbiosis Institute of International Business – SIIB PuneISBM Pune: International School of Business and Media Which are M7 Business Schools? The M7 business schools rank in the top 10 major business school rankings and offer a plethora of opportunities to their graduates. M7 term is used to describe the seven most elite business schools in the world. Here is a list of M7 business schools: Wharton School at the University of PennsylvaniaHarvard Business SchoolNorthwestern University’s Kellogg School of ManagementColumbia Business SchoolStanford Graduate School of BusinessMIT Sloan School of ManagementUniversity of Chicago’s Booth School of Business Check out this article to know more about the employment statistics and class profile of the M7 business schools. Which are Ivy League schools? The Ivy League term is used to describe some of the most prestigious higher education universities in the United States. There are eight Ivy League schools. However, only six of them offer a full-time MBA program. Here is the list of Ivy League schools that offer a full-time MBA program: Columbia Business SchoolJohnson College of BusinessWharton Business SchoolHarvard Business SchoolYale SoMDartmouth Tuck Check out this article to know in detail about these Ivy League business schools. Start your GMAT Preparation with our FREE Trial today! We are the most reviewed GMAT Prep company with more than 2200+ reviews on the GMATClub. Get free resources Take a free mockWhat is MBA? – FAQ . So, remember, the full form of an MBA is Master of Business Administration. Here are a few more FAQs related to MBA or Master of Business Administration. What is an MBA? MBA or Master of Business Administration is an internationally recognized post-graduate program that equips its students with the necessary skills to make a career in business and managementWhy MBA in 2022? An MBA degree continues to be the stepping-stone that enables the dreams of many MBA applicants. It can lead to better career opportunities and a higher pay package. However, that’s not all. Check out this article to know the top 20 reasons to pursue an MBA in 2022. What are the different types of MBA? MBA comes in all shapes and sizes. There are many types of MBA programs and specializations offered. Here is an article outlining the different types of MBA programs.What is the full form of an MBA? The full form of MBA is Master of Business Administration. What is the typical duration of an MBA? The duration of a typical MBA program is 2 years. However, many business schools offer a 1 year MBA as well.Do I need to take a test for getting into an MBA program? Yes. Many business schools ask you to take standardized tests like GMAT and CAT as part of their application. Here is an article highlighting the differences between GMAT and CAT.Do Indian business schools accept GMAT for their MBA programs? Yes, there are a few business schools that accept GMAT for their full-time MBA program for domestic students. However, all international students are required to take the GMAT. Also, GMAT is the preferred test for executive and 1 year MBA programs. Here is an article on the scope of GMAT in India.How to get into MBA programs of top business schools? To get into top business schools you need a well-rounded application. This article explains what this means.How to get into the Indian School of Business (ISB)? Here is an 8-step guide to get into the Indian School of Business in 2022. People who read this article also read. A Few Related Posts:. Payal TandonCo-founder, e-GMAT Welcome to e-GMAT Support!I am Payal, Co-Founder of e-GMAT. Feel free to ask any Query. Query must be more than 15 characters long. Thank you for your query.We will be contacting you soon onIn the meantime, feel free to watch video lessons in your free trial account.Register for free
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Result 13
TitleWhat is an MBA? | PLNU
Urlhttps://www.pointloma.edu/resources/business-leadership/what-mba
DescriptionWhy are MBA degrees so popular? Let’s take a look at exactly what an MBA entails and how it can benefit you in your personal career
Date
Organic Position12
H1What is an MBA?
H2Defined: What is an MBA Degree?
How Long Does it Take to Earn an MBA?
Is Getting an MBA Hard?
How Will an MBA Benefit My Career?
What Is the Average Salary for MBA Graduates?
MBA Programs in San Diego, California
Related Articles
Table of Contents
Start Your Journey Today
H3What Jobs Can I Get With a BBA Degree?
Should I Go To Grad School in San Diego? Why PLNU Should be on Your List
What is a Bachelor of Business Administration (BBA) Degree?
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H2WithAnchorsDefined: What is an MBA Degree?
How Long Does it Take to Earn an MBA?
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How Will an MBA Benefit My Career?
What Is the Average Salary for MBA Graduates?
MBA Programs in San Diego, California
Related Articles
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BodyWhat is an MBA? If you have any connection to the business industry, you’ve most likely heard about an MBA degree. Perhaps you know a coworker or friend who’s earned one. But what exactly is an MBA?MBA.com defines an MBA degree as “the world’s most popular graduate management degree.” With thousands of individuals who apply to MBA programs each year, the degree benefits both individual professionals and the businesses they work for. However, in a world where students and professionals can earn almost any type of undergraduate or graduate degree, why is an MBA so popular? Let’s take a look at exactly what an MBA degree entails and how it can benefit you in your personal career.Defined: What is an MBA Degree?In the most straightforward sense of the definition, MBA stands for Master of Business Administration. Like many graduate-level degrees, an MBA is associated with professionalism, hard work, and commitment. An MBA specifically has many connotations relating to: business leadership, entrepreneurship, and business management.__________Become who are you called to be.Pursue your purpose at PLNU.__________While over 1,000 MBA programs currently exist in the U.S. alone, Harvard introduced the first MBA program in 1908. After individuals and businesses alike began to see how business students benefited from the program, different universities, such as Point Loma Nazarene University, began to introduce their own MBA programs across the country.MBA programs can be accredited by the Association of MBAs, the Association to Advance Collegiate Schools of Business, or EFMD Quality Improvement System. Additionally, the Fermanian School of Business' MBA programs are accredited by the Accreditation Council for Business Schools and Programs (ACBSP). However, even without this mark of approval, MBA degree programs hold high levels of credibility since they’ve been around for many years and empower hard-working and strategic business professionals.How Long Does it Take to Earn an MBA?MBA degrees have always been popular options for students and professionals interested in advancing their business careers. Students who graduate with a bachelor’s degree in business may have a desire to apply for an MBA right after graduation. Others may want to gain a few years of experience in their field before earning an MBA. After finding a program that’s a good fit, students can expect to spend about one year in a full-time daytime MBA program. Potential courses include: International Business, Leading with Service, Leadership Communication, Financial Management.While a full-time MBA program can benefit individuals in many ways, taking 12-24 months to earn a graduate degree could be nearly impossible for working adults. Business leaders, employers, and employees alike might not have the financial means or desire to step down from their positions to work full time toward an MBA degree.Due to this, evening MBA programs have grown in popularity over the course of the last several years. An evening MBA program takes about two years to complete, and even though an evening MBA takes longer than an in-person program, individuals appreciate having the flexibility to advance their careers while remaining employed at their companies or organizations. In an evening MBA program, students take courses such as Business Ethics, Legal Environment of Business, Corporate Social Responsibility, and Applied Research Methods.Is Getting an MBA Hard?Earning any type of graduate degree requires patience, dedication, and commitment. Workloads and classes are often more difficult than their undergraduate equivalents. However, while MBA programs consist of theoretical classes and assignments, they also offer practical lessons and projects. MBA programs are designed to help students approach real-world issues and identify solutions. Another question you might ask yourself could be: “Is having a successful business career hard?” In most situations, finding success in the business field can come down to how prepared you are for your role as a leader. By having a strong knowledge base in the field and developing essential skills, you can increase your chances of having a successful career you enjoy.In most situations, finding success in the business field can come down to how prepared you are for your role as a leader. By having a strong knowledge base in the field and developing essential skills, you can increase your chances of having a successful career you enjoy.MBA programs help individuals develop new perspectives about problems they’ve encountered in the past. For example, perhaps students dealt with financial obstacles in their entry-level business jobs. MBA courses are designed to help students enhance their accounting and economics skills so they’re more prepared when they step into mid-level and high-level positions.MBA professors also help students consider solutions to problems they haven’t encountered yet. For example, perhaps students haven’t dealt with supply chain management issues in past positions, but will deal with them in future roles. Different courses help students contemplate what kind of business leaders they want to become by teaching them how to manage employees, create business plans, and engage in strategic marketing.Earning an MBA might be more difficult than earning an undergraduate degree in business, but that’s to be expected. The stakes are higher and so is your potential to become a business leader. Putting in the time and effort to succeed in an MBA program can yield many long-term benefits.How Will an MBA Benefit My Career?Every person has a unique journey. Some people go straight from high school to college and graduate school. Others take time to gain experience in the workforce. Earning an MBA can help individuals jumpstart their business career or it can help experienced business leaders enhance their skills. An MBA can benefit you in many ways. If you’ve been working in the field for a while and have lost your drive for your career, an MBA can teach you innovative ways to address old ideas or problems. If you’ve been at a company for a while and want a promotion that always seems out of reach, an MBA can be a stepping stone to a more advanced role. Additionally, if you’ve been in the business industry but want to start your own company, an MBA can cultivate your entrepreneurial ideas and help you establish yourself as a business owner.If you’ve been wanting to break into the business industry but aren’t sure how to do it, earning an MBA might be a good next step. According to the Business School Hiring Report: Corporate Recruiters Survey by the Graduate Management Admissions Council (GMAC), “77% of the U.S. companies that responded to the survey planned to hire people with MBAs.” Employers have witnessed the benefits of MBA programs for several decades now since programs help both young and experienced students develop management skills and leadership competencies.Regardless of your educational background, an MBA can help you better understand business principles, communication tactics, business ethics, and international business skills.What Is the Average Salary for MBA Graduates?Pursuing a job for the sake of earning a certain salary isn’t necessarily the best way to find a career you’re passionate about. However, individuals who desire to pursue a career in business will be happy to know many management positions come with competitive salaries. According to the U.S. Bureau of Labor Statistics, professionals in management occupations earned an annual median salary of $106,760 as of May 2020.Specific salaries can vary, based on the specific business or industry. For example, the annual median salary of financial managers is $134,180 while the annual median salary of sales managers is $132,290. According to the Graduate Management Admissions Council (GMAC) Survey, “median salaries for MBAs [are] $115,000 compared to $55,000 for bachelor's degree holders.” While salaries can range based on job location, company, the specific position, and years of experience, the median salaries for MBA holders are higher than the median salaries of bachelor’s degree holders.MBA Programs in San Diego, California. Earning an MBA can have both short-term and long-term benefits for your life and business career. You can develop specialized skills, learn how to make sustainable data-driven decisions, and create solutions for complex problems.If you’ve been looking for an MBA program in San Diego, consider looking into Point Loma Nazarene University’s Daytime MBA program or Evening MBA program. With options to accommodate your life and work schedule, PLNU can help you take the next step on your journey in the business industry. For more information about how PLNU’s MBA programs can help you, request information here.If you’ve been considering the benefits of earning an MBA for a while and are ready to begin the application process, we invite you to apply and we look forward to meeting you. Related Articles. December 20, 2021What Jobs Can I Get With a BBA Degree?November 12, 2021Should I Go To Grad School in San Diego? Why PLNU Should be on Your List. November 02, 2021What is a Bachelor of Business Administration (BBA) Degree?Table of Contents. Defined: What is an MBA Degree?How Long Does it Take to Earn an MBA?Is Getting an MBA Hard?How Will an MBA Benefit My Career?What Is the Average Salary for MBA Graduates?MBA Programs in San Diego, CaliforniaRequest More Information. Undergraduate ProgramsGraduate & Professional ProgramsAdult Degree CompletionStart Your Journey. Apply Now Start Your Journey Today. Undergraduate Programs Graduate & Professional Programs Adult Degree Completion Programs Earn your degree from PLNU Online!Our online bachelor's and graduate programs give you the flexibility to balance your life while also growing academically, professionally, personally, and spiritually for your future.Explore Our Degrees TOP SEARCHES.
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Result 14
TitleWhat is an MBA? | Prospects.ac.uk
Urlhttps://www.prospects.ac.uk/postgraduate-study/mba-courses/what-is-an-mba
DescriptionDiscover how an MBA in the UK can increase your salary, reputation and networking opportunities
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Organic Position13
H1What is an MBA?
H2What does MBA stand for?
Types of MBA
What does an MBA involve?
When should I take an MBA?
How much does it cost?
Will an MBA help my career?
What are the entry requirements?
How do I apply for an MBA?
Where can I get more advice?
Find out more
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H2WithAnchorsWhat does MBA stand for?
Types of MBA
What does an MBA involve?
When should I take an MBA?
How much does it cost?
Will an MBA help my career?
What are the entry requirements?
How do I apply for an MBA?
Where can I get more advice?
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BodyWhat is an MBA?AuthorRachel Swain, Editorial managerPostedOctober, 2020View all MBAsStudying for an MBA can improve your business knowledge as well as increasing your chance of a promotion and a pay riseWhat does MBA stand for?The Master of Business Administration (MBA) is a prestigious postgraduate qualification that provides an overview of key business practices and is highly valued by top employers.While MBAs are at the same level of education as other Masters courses, they are usually studied once you've gained a few years of professional experience rather than carrying straight on from your undergraduate degree.Successfully completing an MBA can lead to a better salary, improved professional reputation and a massively expanded network of business contacts. So, if you're a graduate with ambitions for a high-flying executive career, an MBA could be just what you need.Be warned though: MBAs are expensive and academically challenging. You need to be certain that it's the right option for you before taking the plunge.Search for MBA courses.Types of MBA. First, you'll need to decide which type of MBA suits your current level of experience, life circumstances and career goals. Courses fall under these main categories:General MBA (or just 'MBA') - the best option if you have some business experience (around three years is usually expected) and you want to fast-track your career by breaking into a management role, the finance industry, or corporate strategy.Executive (EMBA) - usually studied on a part-time basis, this is appropriate if you're already in a corporate management position and have ambitions to enter the boardroom.Specialist MBA - perfect if you have some managerial experience and are looking to enter or gain promotion into a particular industry or sector.Distance learning MBA - often referred to as an online MBA, this is ideal if you can't attend university full time and prefer to manage your studies around other personal and professional commitments.MBA without work experience - ideal if you've recently graduated or are changing careers and want to take your first steps towards a management career but you don't currently have extensive work experience.You'll need to read course descriptions carefully as universities sometimes use these terms to mean slightly different things. Find out more about which MBA you should choose and discover the best MBA programmes in the UK.What does an MBA involve?At UK universities you can find MBAs in full time, part time and distance learning/online formats. Full-time MBAs tend to last 12 or 15 months, starting in September, although some courses are longer and January starts are also available. However, part time study is more popular, as MBA students are usually already in employment and want to carry on working throughout the course.Programmes are generally intense and consist of core and optional modules and a dissertation or work-based project. You'll be assessed through exams, essays and group activities. You'll learn how to carry out operational management, develop a marketing strategy, do strategic planning, lead a team, and read and assess financial reports.Many courses also offer opportunities for work placements and studying abroad.An MBA is an advanced programme that differs from other postgraduate courses in that it develops the skills you've gained through professional experience, as opposed to building on your academic knowledge as most Masters degrees do.While other postgraduate programmes are far more heavily dependent on classroom and/or laboratory-based activities such as lectures, tutorials and seminars, MBAs are dominated by case studies, group work and real-world projects.When should I take an MBA?An MBA is not an entry-level business qualification. It is usually taken by professionals who have gained at least three years of business and management experience since graduating from undergraduate study. The average age of students on top-ranking MBA courses is typically between 27 and 30. This means you'll be studying alongside fellow business people who can share their insights.Consider taking an MBA when you feel you're ready to take the next step in your career, whether that means progressing with your current employer or moving elsewhere.Executive MBAs are generally studied by more senior managers and the minimum required level of experience can be up to ten years.How much does it cost?Tuition fees for MBA courses in the UK vary significantly between institutions. Most fall between £15,000 and £40,000, but you'll find some on either side of that range. Here are some examples of current MBA course fees to give you an idea of what to expect:York St John University - £9,000University of Central Lancashire - £13,700University of Southampton - £26,500University of Oxford - £63,000London Business School (LBS) - £87,900.Fees for home and international students are often the same, though sometimes overseas (non-European Union) students will have to pay more.Don't automatically go for the cheapest option to save money or for the most expensive on the assumption it must be the best. You need to think about several factors to find the right MBA for you, such as location, course content and staff expertise. Different MBA courses will have strengths in different areas of business and management.According to research by the Association of MBAs (AMBA), most students self-fund their MBA. The next most popular method is employer sponsorship, followed by loans and finally scholarships. Get more information on funding an MBA.Will an MBA help my career?With the high cost of courses, it's important to see a return on your investment. An MBA can often lead to a promotion, increased earnings or a career change. MBAs are known and respected globally, so if you're interested in working abroad then the qualification will be beneficial - particularly as UK business schools are so well regarded. An MBA can also help you to specialise in your current sector or a new industry you want to move into.Often, the majority of students on MBA courses will be international, giving you a unique chance to network with business people from diverse backgrounds - opening up an array of potential career opportunities.However, given the cost and the requirement to have a number of years' work experience before taking an MBA, the decision to apply shouldn't be taken lightly. Think hard about whether you could achieve your goals without taking the course, or by opting for a different postgraduate course. It may be helpful to ask your employer what advantage an MBA might give you on your current career trajectory.What are the entry requirements?For a general MBA, you'll typically need at least a 2:1 undergraduate degree, although a 2:2 is sometimes accepted. If you don't have a degree, you may be able to get a place if you have extensive and exceptional professional experience.Business schools will often expect you to have three years of relevant post-graduation work experience as a minimum, increasing to between five and ten years for executive MBAs. For many general MBAs, you'll also be required to take an entrance exam, usually the Graduate Management Admission Test (GMAT).Most top-ranking MBAs, in the UK and abroad, are taught in English. If this isn't your first language, you'll need to show your proficiency by taking a recognised test such as the International English Language Testing System (IELTS).How do I apply for an MBA?Winning a place on an MBA is a competitive process as class sizes are kept relatively small, especially at the top business schools. The strength of your application is therefore vital if you want to succeed. You must set out your reasons for taking the course, what you hope to gain and your career plans, as these will all be considered.Most applications are completed online through the university's website. You'll be required to provide details of your academic qualifications and professional experience, as well as contact information for two referees (one academic and one professional). You may also need to submit the score you've achieved in an admissions test such as the GMAT. Find out how to succeed in your GMAT.Specific requirements vary between institutions, but in addition to the online form most applications involve writing an essay and, if shortlisted, attending an interview. Interviews can be individual or group sessions.Check application deadlines on the institution's website. Try to apply as early as possible, as it will show your enthusiasm and give you the best opportunity to access available funding. The leading courses can fill up a year in advance.Where can I get more advice?Alumni - ask them what it was like to study at a particular business school and how their career benefited.Careers services - advisers can help you to decide which course is best for you and assist with your application.Current students - they can tell you how much work is involved and recommend books and other resources.Business fairs - meet representatives from various universities and MBA employers at open days and events.Tutors - find out more about the course content, assessment methods and how your career goals match up.Find out more. Gain an overview of MBA courses.How would you rate this page?On a scale where 1 is dislike and 5 is likeSomething went wrong. Please try again.success feedbackThank you for rating the page
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Result 15
TitleMaster of Business Administration
Urlhttps://coles.kennesaw.edu/mba/index.php
Description
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H1KSU MBA Programs
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H3Ranked Nationally and Internationally
KSU MBA/WebMBA Advantages
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BodyKSU MBA Programs Ranked Nationally and Internationally. Kennesaw State University’s MBA programs are consistently ranked in the top tiers both nationally and internationally. The quality of our programs helps professionals move themselves and their organizations forward. The curricula span every business function so our students graduate with a top-level view and are ready to lead. KSU-Coles College was ranked #1 for public, part-time MBAs in Georgia by US News and World Report (2018) KSU MBA/WebMBA Advantages. The Coles College of Business at Kennesaw State University offers many advantages to help push your career forward, giving you a higher-level view of business and leadership: KSU’s WebMBA program is ranked 29th in the Princeton Review’s Top 50 Online MBA Programs for 2021. Flexible programs to fit your schedule and location (Kennesaw, Cobb Galleria, Sandy Springs, and Online). KSU’s evening MBA is ranked as one of the top part-time programs in America according to US News and World Report (2021). The KSU WebMBA is ranked as one of the top-75 online MBA programs in America US News and World Report (2021). KSU’s evening MBA program is rated a Tier I program in CEO Magazine’s 2020 Global MBA Rankings. The Coles College of Business at KSU features AACSB accreditation, which is the premier international accreditation for colleges of business. Individuals from the Department of Career Planning and Development specifically assigned to Coles College can conduct one-on-one coaching sessions for career exploration, job searches, resume and cover letter development, and interview preparation. Competitive tuition pricing allowing you a substantial return on investment. MBA Interest Form WebMBA Interest Form University Contact Info Kennesaw Campus 1000 Chastain Road Kennesaw, GA 30144 Marietta Campus 1100 South Marietta Pkwy Marietta, GA 30060 Phone 470-KSU-INFO(470-578-4636) kennesaw.edu/info Information For Current Students Future Students Faculty & Staff Community & Visitors Alumni & Friends Business & Industry Our Initiatives Global Affairs Diversity & Inclusion Community Engagement Sustainability Online Learning Related Links Libraries Arts, Culture and Museums Job Opportunities Degrees, Majors & Programs Financial Aid Registrar Housing Privacy Statement / Accreditation / Advisories / Reporting Hotline / Open Records / Human Trafficking Notice / Feedback / Text Only © 2022 Kennesaw State University. All Rights Reserved. ©
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TitleThe Masters of Business Administration (MBA) Degree – A Guide | FindAMasters.com
Urlhttps://www.findamasters.com/advice/finding/master-of-business-administration-mba-guide.aspx
DescriptionThe Master of Business Administration (MBA) degree is an elite postgraduate qualification that provides business professionals with leadership and management skills
DateNov 3, 2021
Organic Position15
H1The Masters of Business Administration (MBA) Degree – A Guide
H2What is an MBA?
What are the different types of MBA?
What are the differences between MBAs and other Masters degrees?
How can I fund an MBA?
How do I apply for an MBA?
What’s it like to study an MBA?
H3Contents
Is an MBA a postgraduate degree?
MBAs require professional experience
MBAs are (normally) terminal degrees
MBAs are highly competitive
The MBA application
The MBA admissions process
How are MBAs taught?
How many credits is an MBA worth?
How long is an MBA?
Do MBA courses include a dissertation?
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H2WithAnchorsWhat is an MBA?
What are the different types of MBA?
What are the differences between MBAs and other Masters degrees?
How can I fund an MBA?
How do I apply for an MBA?
What’s it like to study an MBA?
BodyThe Masters of Business Administration (MBA) Degree – A GuideWritten by Mark Bennett Think you’ve got what it takes to become a future leader? An MBA could help you achieve those goals. Intensive, competitive and highly respected, the Master of Business Administration (MBA) is an elite professional qualification. This guide provides an introduction to the MBA degree for new students. It explains how an MBA differs from other Masters programmes, including specific details of its application process and course content. You can also read our advice on funding an MBA. Contents. What is an MBA? What are the different types of MBA? What are the differences between MBAs and other Masters degrees? How can I fund an MBA? How do I apply for an MBA? What's it like to study an MBA? What is an MBA? An MBA, or ‘Master of Business Administration’, is an elite qualification for business professionals. MBA courses focus on developing the leadership, initiative and individual excellence required for high-flying careers in management and entrepreneurship. Master of Business Administration (MBA) Type Professional Subjects Business & Management Qualification Level 7 (NQF) / Second Cycle (Bologna) Length 1-2 years Credit Value 180 CATS / 90-120 ECTS Availability Worldwide Originating in America during the 20th century, the MBA is actually a relatively new postgraduate qualification. MBA programmes have rapidly established themselves as the mark of serious business professionals around the world. Is an MBA a postgraduate degree? An MBA is a postgraduate degree – it’s a level 7 qualification according to the National Qualification Framework (NQF) in the UK, the same level as a traditional Masters. However, this doesn’t mean that you always need to have an undergraduate degree to meet the entry requirements – if you have substantial professional experience, you may be able to apply for an MBA. What are the different types of MBA? MBA programmes are offered in a few different formats. Some are designed for candidates with more specific career goals. Others allow for flexible learning patterns. Your choice of MBA programme will depend on your own circumstances and career goals. The following are some of the main options available to you. Standard MBA programmes – The most common type of MBA is a two-year course. These programmes are normally full-time, but they may arrange timetabled sessions to suit flexible learners or those with ongoing professional commitments. Accelerated MBA programmes – These courses are much more intensive, usually lasting around a year. They include the same content as a two-year MBA, but allow students to gain the qualification much more quickly Executive MBA programmes – Executive MBA programmes (also known as EMBA programmes) are designed for very experienced applicants, often with senior management backgrounds. They tend to be more specialised, allowing you to transform and adapt your skills to suit new business developments and opportunities. Programmes are usually part-time (allowing you to maintain your existing responsibilities) but are still very demanding. You can browse EMBA programmes on our site. Online MBAs – Online MBAs offer a particularly high level of flexibility for working professionals who want to combine their studies with their career. Browse online MBA programmes. Graduate Entry MBAs – The majority of MBAs require professional experience, but some are designed for students coming directly from undergraduate study. These are sometimes referred to as ‘Graduate Entry’ programmes. They may have a greater focus on internships and placements in order to make up for candidates’ lack of work experience, but will otherwise be a lot like a conventional MBA. These are quite similar to Masters in Management, also known as MiM programmes. Dual MBA programmes – Sometimes an MBA can be combined with another qualification. Popular dual MBA subjects include medicine, law and politics. They allow candidates to take up management roles in professional fields. Courses are usually longer and very demanding, but the process is simpler than studying separate consecutive degrees. International MBA programmes – Also known as IMBA programmes, these courses focus on the skills needed to succeed on the global stage. They may include the opportunity to take part in study and work placements across the world. You can browse international MBA programmes on our website. Want to know more about choosing an MBA? MBAs are different to other Masters degrees and the same advice doesn’t always apply to them. If you’ve decided this is the qualification for you, you may wish to visit our sister-site, FindAnMBA.com. There you can find more specific information, including a guide to choosing the right MBA programme. What are the differences between MBAs and other Masters degrees? The MBA is a postgraduate course, delivering a Masters-level qualification. But this is where most of the similarities between MBAs and other Masters programmes end. MBAs require professional experience. Unlike other Masters degrees, MBA programmes aren’t designed for applicants coming straight from undergraduate study. Instead the MBA is targeted at professionals with work experience, seeking to enhance their careers. So, if you’re applying for an MBA you should normally have some experience in business or management. This doesn’t have to be at a high level, but it should provide a solid foundation for your MBA to build on. The amount of professional experience required for an MBA varies, but most programmes will expect you to have spent at least two years in a business and management role. You’ll probably find that the quality and relevance of your experience plays an important role in securing a place on a course. It is this, as much as your academic background, that will be developed by your course. Some programmes will even use your professional experience in case studies and assignments. MBAs are (normally) terminal degrees. This means that most people study the MBA as a final qualification. Whereas academic Masters degrees can prepare students for PhD study, an MBA is an elite professional qualification. If your aim is to succeed in business management, an MBA will provide all the training (and prestige!) you need. MBAs are highly competitive. An MBA is all about achieving individual excellence. By the time you graduate you should have the skills and experience to succeed in high-pressure, high-paying leadership roles. An MBA develops this by creating a highly competitive learning and development environment – right from the admissions stage. Many programmes have more applicants than places and use a system of short-listing and evaluation to select the best candidates. You’ll be asked to complete standardised admissions tests, write application essays and perhaps attend an interview. Simply getting a place on an MBA can therefore be a very impressive achievement. And once you’re there you’ll be encouraged to test yourself against the rest of your cohort – all of whom will be as talented and ambitious as you. How can I fund an MBA? There’s no getting away from it – a typical MBA costs dramatically more than other postgraduate degrees. Whereas the average cost of a Masters in the UK is around £8,000 per year, an MBA programme could have annual fees of £20,000 or above. These extra fees reflect the complexity and intensity of an MBA. Most programmes include a wide variety of course components and opportunities, with contributions from leading management and business figures. The good news is that you may not end up shouldering the full cost of your programme as various MBA funding options are available. Universities and business schools will often have a selection of scholarships available. In keeping with the culture of the MBA, these will often be merit-based, with funding going to the best applicants. You may also be able to pay your fees by remaining in work. Even a full-time MBA will usually be designed to allow for more flexible learning. Support from your employer. MBAs are designed for professionals, but studying one doesn’t always mean taking a career break. It can be worth asking your present employer if they can adapt your role, or perhaps even provide sponsorship for your degree. After all, the training you receive is likely to benefit their business. Find out more in our guide to employer sponsorship. How do I apply for an MBA? MBA admissions processes are usually much more selective than those for other Masters degrees. Class sizes are often kept small, with more applicants than places. This is especially true for programmes at triple accredited schools and other prestigious institutions. As a result, your MBA application will need to do two things: Prove your aptitude – MBA programmes are often particularly demanding, designed for candidates with existing management experience. Whereas another Masters degrees are designed to provide additional advanced training, an MBA hones the professional skills you have already begun developing. Prove your worth – The likelihood is that you won’t be the only candidate applying for your place. This means that it isn’t enough to demonstrate your ability. You’ll also need to show that you’re the best person for the course. To this end, many admissions programmes use testing processes to compare and shortlist candidates. The admissions process for your course will need be designed to assess you in both of these areas. The MBA application. Each business school will set its own procedures, but your application should normally include the following: Submission of your academic qualifications and degree results – Despite being a professional qualification, the MBA is still a postgraduate course and most programmes will expect you to hold a good undergraduate degree. The subject won’t necessarily matter, but higher grades will be desirable. MBAs are about excellence, so proving that you’ve already excelled will strengthen your application. Evidence of your professional experience – In order to gain a place on an MBA you’ll almost always be expected to have some management experience. Your programme may set a minimum standard for this (usually two or more years in a management or supervisory role) or it may allow you to make the case for your own experience and its relevance. References from your past or present employer will usually be requested. Graduate Admission Test scores – MBA programmes often select candidates using standardised graduate admissions tests. The two most common are the Graduate Records Examination (GRE) and the Graduate Management Admissions Test (GMAT). Of these the GMAT is the most relevant to MBA courses (it’s in the name). Not all programmes will require test scores, but the most competitive probably will. The good news is that you can use the same score for multiple applications over a period of years. The MBA admissions process. Submitting a strong application is just the first part of your admissions process. Many programmes will also put candidates through a process of further shortlisting and selection. This could involve: Application essays – Your programme may ask for an essay as part of your initial application, or it may set this requirement for shortlisted candidates. Topics will be set by the business school. You could be asked to evaluate a business scenario, solve a hypothetical problem or simply reflect on your background, goals and choice of programme. Interviews – MBA programmes often use interviews to distinguish between candidates who have satisfied their basic entry requirements. Interview reflection – The most competitive business schools include a further stage after the interview. This involves evaluating your interview experience and submitting a written reflection. Doing so demonstrates your ability to think critically about your own performance and evaluate yourself. Looking for more Masters application information? The MBA applications and admissions process is often highly competitive and selective, but it’s not completely unique. You can find more general information and advice in our guides to applying for a Masters. What’s it like to study an MBA? MBAs are relatively unique amongst postgraduate qualifications. They aren’t simply Masters degrees in Business or Management (those exist too, but they’re different courses). Instead of being focussed on understanding and contributing to academic theory, your MBA will challenge you to put that theory into practice. You’ll be judged as much on your success as a business professional as you will on your understanding of the principles behind business success. How are MBAs taught? MBA courses are highly vocational, with an emphasis on practical problem solving and developing leadership potential. This is reflected in their instruction methods. Whereas a traditional taught Masters will follow an academic programme of group instruction and discussion, your MBA will probably feel much more ‘hands on’. Expert training will still be an important part of the course. But this will often take the form of masterclass sessions with industry professionals. You’ll be encouraged to put theory into practice, rather than simply reflect on it. How many credits is an MBA worth? MBA programs are normally organised into modules, much the same as other Masters degrees. These are given a credit weighting, according to their scope and significance within the course as a whole. The total credit value of an MBA is normally the same as that for a standard taught Masters degree. This reflects the academic value of an MBA and its place as a ‘second cycle’ postgraduate degree within most higher education systems. In the UK, an MBA is normally worth 180 CATS credits. In Europe (particularly within EHEA countries), an MBA is normally worth 90 ECTS credits. How long is an MBA? An MBA will usually be longer than other Masters programmes. Most full-time courses are up to two years long. This allows time for placements, internships or other projects as well as more conventional taught units and assessments. Part-time or Executive MBA (EMBA) courses will be longer. In contrast, some Accelerated MBA programmes only require a single year of very intensive study. Do MBA courses include a dissertation? Like other Masters programmes, an MBA will normally conclude with an extended independent project. This will be equivalent to the dissertation included in an academic Masters programme. However, an MBA project will normally have a greater practical component. You’ll conduct work in the ‘real world’ rather than focussing on academic research. This could involve working within a company associated with the programme, or completing a personal business project. You will normally ‘write-up’ and reflect upon your project once complete, but your success in meeting actual business objectives will be a significant factor in determining your performance. Search for your MBA programme. Ready to begin looking for an MBA? Browse the hundreds of MBA courses listed on our website. Last updated - 03/11/2021 This article is the property of FindAMasters.com and may not be reproduced without permission. Click here to search our database of Masters courses Masters Degrees Search for Masters Degrees Masters Degrees in United Kingdom Masters Degrees in the USA Masters Degrees in Psychology Online Masters Degrees Masters Degrees by Email Info for students Postgraduate Open Days Masters Study Guides Funding Your Masters Masters Degrees Abroad Postgraduate Advice Forum Graduate Entry Tests Postgraduate Email Updates Manage my Email Preferences Info for advertisers Advertise your Masters Programmes Display Advertising Emails Campaigns Featured Open Days Provider Login About FindAMasters Advertiser Terms FindAMasters. Copyright 2005-2022 All rights reserved. Unknown   (change) Contact Us Sitemap Privacy Advertise FindAMasters is a trading name of FindAUniversity Ltd. 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Title9 Career Benefits of an MBA Degree
Urlhttps://www.ramapo.edu/articles/benefits-of-mba-degree/
DescriptionAn MBA degree offers many professional and personal benefits. In this post, we take a brief look at nine key career benefits of an MBA degree
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BodyArticles Home Articles Archives Admissions Graduate Admissions Adult Degree Completion Ramapo College Articles Articles Home Articles Archives Admissions Graduate Admissions Adult Degree Completion Virtual Tour. Start Virtual CampusTour Virtual Campus Tour Follow Ramapo. Ramapo College FacebookRamapo College TwitterRamapo College FlickrRamapo College InstagramRamapo College YouTubeRamapo College Pinterest 9 Career Benefits of an MBA Degree. An MBA degree offers many professional, as well as personal, benefits. Whether you work in technology, finance, management, marketing, or manufacturing, an MBA degree will open up opportunities for greater responsibility, career advancement, and increased financial reward. From a personal aspect, an MBA will improve your communication and leadership skills which are vital to professional success. In this post we take a brief look at nine key career benefits of an MBA degree. 1. New job positions are open to you. When you earn your MBA, the number of positions that are available to you rises dramatically. According to The Economist, job opportunities for MBA graduates are rising in 2016. Three-quarters of employers say that they plan to hire MBA graduates in 2016, while ninety-two percent are increasing the number of MBA internships that they offer. With that in mind, earning an MBA will qualify you to apply to higher-level positions and increase the career opportunities available to you. 2. New career paths are open to you. Shifting gears and pursuing a new career path can sometimes seem like an impossible dream, particularly if you have been working in the same industry for a long time. Gaining new skills could easily be the catalyst you need to kick-start your transition from one career to another. Even if your background is not typical for the positions you are considering, an MBA will provide the education and skills needed to help you become a more qualified candidate. 3. Your earning potential increases. A recent study showed that the average MBA graduate’s pay was 50% higher than their position before earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. These figures clearly show the financial benefits of an MBA but they don’t address the personal satisfaction that comes with greater responsibility. 4. Your professional skills improve. One of the key benefits of an MBA is that it improves your theoretical and practical knowledge of how businesses operate. A key component of success in business, or any endeavor for that matter, is having a compliment of “soft skills,” such as communication, teamwork, and leadership. As the saying goes – you need to be able to walk the talk. Whether you desire a promotion or plan to start your own enterprise, having these skills could be the difference between success and failure. 5. You enjoy greater job security. Today’s job market is more turbulent than ever before, filling many with uncertainty and fears of being left out. Among the many benefits of an MBA is a more marketable skillset and greater job security, which may contribute to your peace of mind. The skills you develop in an MBA program will make you a valuable member of any team. Even if you leave your job, your business qualifications travel with you, increasing the probability of returning to work more quickly. 6. Your world perspective grows. An MBA broadens your enterprise knowledge and helps you understand the nuances of operating in a global marketplace. Many of today’s best programs include an overseas immersion trip so that graduate students have a first hand look at how to manage a business in a global arena. Choosing a program that attracts international students will further add to the classroom diversity and enlighten the discussions. Don’t underestimate the advantage of this added benefit in today’s global economy. 7. You expand your professional network. A strong professional network is one of the most valuable assets that you can have in business. In a survey conducted by the Graduate Management Admission Council (GMAC), 89% of recent MBA graduates said that attending business school helped them to develop a strong professional network. This kind of network enables you to gain access to new job opportunities and may come in handy if you decide to establish your own business. 8. You are more knowledgeable in areas most important to your career. The right MBA program can teach you the skills you must possess in order to succeed in your chosen career. Specialized MBA programs, i.e., those that offer concentrations, can be useful for people who are focused on a particular career or industry. On the other hand, do not underestimate the value of a general MBA program. General programs teach a wide range of skills that are useful in almost any job function or industry, which may be important if you are considering a career change. 9. You become a respected member of your business community. An MBA commands respect from colleagues and others in your professional community. The qualification itself carries a lot of weight, but it’s your expanded skill set that ultimately differentiates you. Whether you choose a program that offers concentrations or one focused on leadership and global management, you will be well served by the stature it conveys. Whether you are launching a new product, reorganizing a division, or starting your own company, you can do so confidently. Executive recruiters look for individuals who can provide vision and clarity while guiding a company or division through strategic challenges. Even if you are enjoying success in your current career, you may still benefit from completing an MBA program. Obtaining an MBA will open up a diverse array of new opportunities, enabling you to seek a promotion, change careers, or satisfy your entrepreneurial ambitions. Categories: MBA 505 Ramapo Valley RoadMahwah, NJ 07430 p: 201-684-7500e: [email protected] About Ramapo Academics Admissions & Aid Student Life Athletics Alumni Community Programs Bookstore Jobs Intranet Web Self-Service Ramapo A-Z Student Complaint Form Contact Us Twitter Facebook YouTube Flickr Instagram RSS Visit Apply Copyright ©2022 Ramapo College Of New Jersey. Statements And Policies. Contact Webmaster.
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TitleWhat Is an MBA Degree? | Coursera
Urlhttps://www.coursera.org/articles/what-is-mba-degree
DescriptionMaster of Business Administration (MBA): Learn about this graduate-level business degree, how to get one, and what you can do with it
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BodyWhat Is an MBA Degree?Written by Coursera • Updated on Dec 9, 2021Master of Business Administration (MBA): Learn about this graduate-level business degree, how to get one, and what you can do with it.Table of Contents. What does “MBA” stand for?What can you do with an MBA?Types of MBA programsEarning your MBA: Online vs. on campusWhat do you learn in an MBA program?How long does it take to get an MBA degree?Is an MBA worth it?MBA application requirementsHow to choose an MBA Program: Factors to considerGet started with CourseraLearn about how you can accelerate your career with this popular business degree.What does “MBA” stand for?A Masters of Business Administration, or MBA degree, is a graduate-level business and management degree with a focus on leadership and managerial skills. By earning this degree, you can equip yourself with the skills and knowledge to accelerate your career, transition to new industries, or even launch your own businesses. It’s the most common and one of the most versatile graduate degrees available.What can you do with an MBA?By earning this degree, you can build a foundation for a new career or prepare yourself for better, often higher-paying opportunities. You can gain functional job skills and a well-recognized credential to potentially attract recruiters and hiring managers in a variety of fields.MBA graduates can work across a variety of industries, though a 2021 survey of corporate recruiters found that there is high demand for MBA graduates in the health care, technology, consulting, products and services, and finance and accounting industries [1].Types of MBA programs. An MBA degree program isn’t one-size-fits-all. Consider your lifestyle, career goals, and current employment situation to decide which program is right for you. Here’s a look at some common types of MBA degrees:Full-time MBA. Traditional two-year programs typically involve taking a full course load, much like an undergraduate degree. These programs are best suited to students who don’t have to work full time and can comfortably fund their degree without bringing in a regular paycheck. Part-time MBA. Part-time MBA programs, sometimes called professional MBAs, offer flexibility and enhanced work-life balance for students who wish to pursue a degree while working or raising a family. Students with an established career can continue earning valuable work experience while learning job skills that can be applied right away. Working and learning at the same time can help to relieve the financial burden of graduate tuition. Some employers offer tuition assistance or reimbursement for employees who pursue a graduate degree while working. Executive MBA. Executive MBA programs, also known as EMBAs, are geared toward leaders and executives with several years of managerial experience. Since most students in these programs are working professionals, the format tends to be part time with classes on evenings and weekends. Expect a faster-paced learning environment with less immersion than a typical program. With the skills you learn from an EMBA, you can often build off of your work experience to maximize your impact in your organization.Global MBA. Global MBAs (sometimes called international MBAs) are similar to traditional MBAs but with a focus on international business principles and strategies. Students tend to come from countries around the world. This could be a good option for students who wish to work at international companies. Sometimes global MBA programs offer or require a study abroad component. Earning your MBA: Online vs. on campus. No matter which type of degree you decide to pursue, you might have the option to complete your coursework on a college campus, online, or a hybrid of the two. Each method comes with its own set of benefits. This decision is all about how an MBA program best fits into your lifestyle.Online MBAs. Online programs through accredited universities, like the iMBA from University of Illinois at Urbana-Champaign, offer access to the same professors and learning materials as on-campus programs with the added benefit of a flexible schedule. You can learn from virtually anywhere on a desktop or mobile device—no need to quit your job or relocate to attend a highly ranked business school.These programs are sometimes less expensive than their on-campus counterparts. Since you can learn at your own pace, you’ll have the option to work full time (and bring in a regular paycheck). “If a student is comfortable in joining and being fully engaged in an online setting, then an online degree will provide them with more opportunities to establish connections,” says Fataneh Taghaboni-Dutta, Clinical Professor of Business Administration at the University of Illinois. “I say more because in terms of time needed to ‘speak’ or ‘meet’ others in an online environment, it’s less taxing than doing the same for in-person settings.”On-campus MBAs. If you choose to pursue an on-campus MBA, you’ll typically attend classes in person on a fixed schedule. These traditional MBA programs often attract candidates who want to take advantage of the facilities, extracurricular activities, and overall community of a university campus. Networking often takes place face to face, both with professors and other students. But you may have to consider relocating, particularly if you have your eye on a specific school or specialization. What do you learn in an MBA program?As you pursue an MBA, you can learn a wide variety of business fundamentals, including economics, marketing, finance, strategy, organizational behavior, and accounting. Outside the core curriculum, you can typically customize your experience through concentrations or specializations, elective classes, and experiential learning opportunities with actual companies. This can help you to develop some of the leadership skills necessary to run a business—and these skills transfer to many career paths. While curriculums vary from school to school, here’s a look at some classes you might see in an MBA curriculum:Digital marketingFoundations of leadershipBusiness strategyOrganizational managementManagerial accountingOperations managementInvestmentsCorporate financeCultural psychologyBusiness ethicsHow long does it take to get an MBA degree?Typically, a traditional full-time MBA degree takes one to two years to complete. Some programs offer MBA candidates with an undergraduate business degree or substantial professional experience an accelerated MBA program to earn their degree in as little as a year. Part-time, online, and executive MBAs can take anywhere from eighteen months to three years to finish, depending on the curriculum and course load. Learn more about how long it takes to get an MBA.Is an MBA worth it?Pursuing an MBA can be a significant financial commitment. It’s important to define your goals when deciding whether the investment is right for you. Through an MBA program, you’ll have the opportunity to expand your professional network, elevate your career prospects, and increase your earning potential. “The training you receive in an MBA Program prepares you to deal with ambiguity and provides a buffer against uncertainty,” says Hayden Noel, Assistant Clinical Professor at the University of Illinois. “You would be better equipped to take advantage of changing opportunities post-COVID. You will also become more effective as a leader and better understand the different functions of your organization. This leads to more positive outcomes in your current job.”The training you receive in an MBA Program prepares you to deal with ambiguity and provides a buffer against uncertainty. When surveyed, of the over 4,600 respondents, 70 percent of business school alumni rated the value of their graduate education as outstanding or excellent. Nearly nine out of ten report a positive return on investment from their graduate education. A majority found their business school education to be personally, professionally, and financially rewarding (72, 84, and 70 percent, respectively) [2].Earnings can vary widely based on a range of factors, but MBA graduates were projected to earn an average starting salary of $115,000 in 2021, higher than both direct-from-industry hires ($75,000) and their peers with bachelor's degrees ($65,000) [1].*Data from GMAC Corporate Recruiters Survey [1]Do I need an MBA degree?While there are plenty of good reasons to pursue an MBA degree, not every person (or professional field) requires one. Be sure to find out what hiring managers in your desired field are looking for by checking out current job postings on sites like LinkedIn or Indeed.If you’re planning to pivot into a new industry, you might find less expensive, less time-consuming ways to build the skills you need. Consider if alternatives like individual courses, professional certificates, or bootcamps might be a better fit. If you’re feeling unsure, some online MBA programs let you try out a course (sometimes for academic credit) before committing to the full degree.MBA application requirements. Admission requirements vary by school, but applications may require the following:Academic transcriptsResume to show professional experienceGRE or GMAT test scoresEssay or personal statementLetters of professional recommendationIn-person or video interviewWhile professional experience is not always necessary, some programs have specific work experience requirements. Previous experience could help you better gauge what you want from your degree and equip you to apply what you’re learning to your career. Other programs may allow recent graduates or even current bachelor’s students to participate in a combined Bachelor's and MBA program if they are looking to launch their careers quickly.Standardized test scores, including the GMAT (Graduate Management Admission Test) and the GRE (Graduate Record Examination), were once standard, heavily weighted requirements. Today, more and more schools are moving to a test-optional policy, particularly for executive and online MBA programs.Some programs, like the iMBA from the University of Illinois and the Global MBA from Macquarie University, allow students to enroll through a performance-based admission process. Learners who want to try out the program or are unsure if they meet the minimum requirements can take classes and earn academic credit before fully enrolling as a degree-seeking student.Learn more about how to get an MBA degree.How to choose an MBA Program: Factors to consider. If you’re investing the time and money to further your education (and your career), it’s important to choose the right program for your goals. Here are some things to consider:AccreditationSchool rankingProgram length and locationCostCurriculum and specializationsInternship opportunitiesDiversity of the student bodyGet started with Coursera. You’ve learned about what an MBA degree is and what you can do with it. Now it’s time to take the next step on your career journey:Learn more about earning your business degree online.Hear what program graduates have to say.Try an open course from the University of Illinois or Macquarie University to see if an MBA is right for you.Master of Business Administration (iMBA)University of Illinois at Urbana-ChampaignDEGREELearn MoreRelated articles. MBA vs. MS: Choosing Which Is Better for You10 In-Demand Jobs You Can Get with a Business DegreeIs an Online MBA Worth It? The Return on Your InvestmentOnline degrees on CourseraFind a path forward to accelerate your career with online degrees. On Coursera, you can find online master’s degrees and bachelor's degrees from world-class universities in topics like data science, computer science and engineering, business, and public health. With live instruction, peer feedback, and high-quality learning you can access anytime, anywhere, it's possible to move your career forward on your terms.Article sources. 1. Graduate Management Admission Council. "Demand of Graduate Management Talent: 2021 Hiring Projections and Salary Trends, https://www.gmac.com/-/media/files/gmac/research/employment-outlook/2021_crs-demand-of-gm-talent.pdf." Accessed December 3, 2021.2. Graduate Management Admission Council. "Alumni Perspectives on the Value of Graduate Management Education, https://www.gmac.com/-/media/files/gmac/research/measuring-program-roi/2021_gmac_research_brief_alumni_value_of_gme.pdf." Accessed December 3, 2021.Written by Coursera • Updated on Dec 9, 2021This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.Learn without limits. Join for Free Coursera Footer. Start or advance your career. Google Data AnalystGoogle Project ManagementGoogle UX DesignGoogle IT SupportIBM Data ScienceIBM Data AnalystIBM Data Analytics with Excel and RIBM Cybersecurity AnalystIBM Data EngineeringIBM Full Stack Cloud DeveloperFacebook Social Media MarketingFacebook Marketing AnalyticsSalesforce Sales Development RepresentativeSalesforce Sales OperationsIntuit BookkeepingPreparing for Google Cloud Certification: Cloud ArchitectPreparing for Google Cloud Certification: Cloud Data EngineerLaunch your careerPrepare for a certificationAdvance your careerBrowse popular topics. 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TitleWhat Is An MBA (Masters of Business Administration)? | Postgrad.com
Urlhttps://www.postgrad.com/business-schools/mba-program/what-is-an-mba-masters-of-business-administration/
DescriptionAn MBA is valued for expanding on management level experience, leadership and business skills. Find out why it is the most popular professional degree
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BodyWhat Is An MBA (Masters of Business Administration)? Find your PERFECT MBA PROGRAM A Master of Business Administration (MBA) is a postgraduate qualification awarded to students who have demonstrated high levels of knowledge and skill in business management. The MBA course is designed for students who already have appreciable management level experience, gained in the workplace, but wish to develop their leadership skills. The MBA is highly valued by employers worldwide and, according to the University of Essex, is currently the most popular professional degree program in the world. Entry requirements for an MBA program. Relevant work experience is a prerequisite for any MBA program. In the case of a regular MBA, business schools typically require a minimum three years’ work experience, but for an executive MBA – primarily designed for working business leaders – they may require a minimum of five, or even ten, years’ worth of experience. Candidates also typically require an undergraduate degree, at 2:1, or possibly 2:2, level and may be required to take the Graduate Management Admission Test (GMAT). The GMAT provides candidates with an opportunity to showcase their business skills and demonstrate their academic ability. Why study an MBA? There are many reasons to study an MBA program. It is designed for working professionals who wish to progress an established career, or switch careers. As such, the MBA course exposes candidates to all aspects of business, including accountancy, finance, marketing and human resources, at graduate level and prepares them for senior management roles. The MBA is a respected business qualification worldwide and can open up new career opportunities, at home and abroad, for the holder. According to the Association of MBAs (AMBA), MBA graduates can typically expect to earn over £80,000 per annum. Study modules . Study modules vary from program to program, but the MBA course typically consists of core compulsory modules, voluntary modules and at least one major project, or dissertation, with a ‘real world’ client. Many MBA courses offer opportunities for company visits, exchange programs and work placements, while assessment takes the form of examinations, essays and group activities. Length of study for an MBA program. The length of time it takes to study for an MBA depends on whether the candidate studies full time, part time, or via distance learning. In the United Kingdom, a full-time MBA course typically takes a full calendar year to complete, while a part-time MBA course typically take two or three years, but possibly up to five, to complete. Candidates lacking time or access to a suitable business school may like to consider an MBA by distance learning, which typically takes between two and six years to complete. Cost of an MBA program. The cost of tuition fees for a Masters of Business Administration varies from institution to institution. In the United Kingdom the course will typically range from £10,000 and £40,000 for a full-time 12-month course. In the United States, tuition fees between $45,000 and $65,000 are not uncommon. Self-funding is one of the most popular methods of paying MBA tuition fees. Using savings, indeed working whilst you're learning, are popular ways to pat your tutition fees. Other possible options for funding a Masters of Business Administration include employer sponsorship, private loans – like those provided by Lendwise – and scholarships.  Where to study an MBA program. Thousands of universities and business schools confer MBA qualifications, but the Association of MBAs (AMBA) is the best starting point when you’re looking for the best MBA program for you. AMBA accredits over 150 MBA programs, in the United Kingdom and elsewhere, based on entry requirements, access to leading academic staff and other criteria. In Europe, the European Quality Improvement System (EQUIS) similarly accredits MBA programs, as does the Association to Advance Collegiate Schools of Business (AACSB) in the United States. Career benefits of an MBA program. Tuition fees for MBA courses are high, but so, too, is the return on investment. Research has shown that MBA graduates from institutions in the Financial Times Global MBA Rankings in 2016 increased their salaries by between 55% and 111%, but financial gain is not the only career benefit of an MBA. Qualifications from business schools in the United Kingdom, in particular, are well regarded around the world and can lead to an international business career, in the same or a different industry. Find your PERFECT MBA PROGRAM Related articles. What Is An MBA Student? Top 10 MBA Programs In The UK Reasons To Study An MBA MBA Tuition Fees Career Benefits Of An MBA Business Careers Why An MBA Is Worth The Financial Investment Register with Exclusive bursaries Open day alerts Funding advice Application tips Latest PG news Sign up now Sign up now! . Take 2 minutes to sign up to PGS student services and reap the benefits…. The chance to apply for one of our 20 exclusive PGS Bursaries Fantastic scholarship updates Latest Postgrad news sent directly to you No, thanks Yes, I'd like to sign up
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Result 20
TitleWhy Get an MBA: Benefits & Advantages | Wharton MBA
Urlhttps://mba.wharton.upenn.edu/why-get-an-mba/
DescriptionDecide if an MBA is right for you. Learn the benefits of earning your MBA in general and the advantages that getting an MBA at Wharton can offer you!
Date
Organic Position19
H1Should You Get an MBA?
H2The Benefits of an MBA
Questions You Might Be Asking About an MBA
Why Get an MBA at Wharton?
H31. Greater Awareness of a Global Market
2. Improving Communication Skills
3. Expand Your Professional Network
4. Increased Job Opportunities
5. Better Time Management
How does an MBA help your career?
How does an MBA affect your salary?
What does an MBA teach you?
What can you get an MBA in?
How much does an MBA cost?
When should you get your MBA?
1. An Extensive Worldwide Alumni Network
2. Increased Earning Potential
3. Lifelong Learning
H2WithAnchorsThe Benefits of an MBA
Questions You Might Be Asking About an MBA
Why Get an MBA at Wharton?
BodyShould You Get an MBA? For many professionals, getting an MBA seems like the next logical step to advancing their career. The benefits of an MBA are applicable regardless of your industry or area of professional focus. However, some individuals may wonder if it’s worth it to pursue an MBA, given the commitment and expense involved. For those who plan to work in a managerial capacity, with financial institutions, or who have entrepreneurial aspirations, an MBA can help build the leadership skills required to succeed in these arenas. The benefits of graduating with a Wharton MBA, specifically, are numerous. Over 98% of Wharton MBA graduates are offered jobs and nearly 94% accept job offers at graduation. In addition to a wider range of job opportunities and increased earning potential, a Wharton MBA can help you connect with a diverse group of professionals and become part of an extensive global alumni network. get in touch The Benefits of an MBA. Completing an MBA program demonstrates a commitment to learning, improving, and applying skills that can help a company succeed. Additionally, professionals with MBAs feel a greater sense of confidence in their marketability, as well as the wealth of information they can bring to various endeavors. These are just a few of the advantages of getting an MBA.  1. Greater Awareness of a Global Market. Earning an MBA puts you in close contact with other students from around the world who have different work experiences and perspectives on the global economy. In addition to learning from professors, MBA students can expand their knowledge of other industries in the U.S. and abroad.  2. Improving Communication Skills. Effective communication is a fundamental skill required for professionals to succeed. While communication may be considered a “soft skill” compared to “hard skills” such as constructing a P&L model, it’s no less valuable. An MBA can help hone verbal and written communication skills, allowing you to successfully convey concepts to different people at different levels of an organization to ensure everyone is able to work together toward a common goal.  3. Expand Your Professional Network. Earning an MBA makes you part of a global network of nearly 100,000 alumni, giving you access to respected and intelligent professionals you may not have otherwise had a chance to connect with. Beyond being part of a broader community, you’ll also have the opportunity to build relationships with other professionals in the classroom and beyond. 4. Increased Job Opportunities. In a highly-competitive job market, an advanced degree can help set an applicant apart from their peers. From energy to consumer products to start-ups, an MBA can be an asset in any industry. Employers typically look to hire or promote a candidate with an MBA because they have skills in marketing and finance that others within the organization may lack. This allows them to hit the ground running with various initiatives and help their company increase profits.  5. Better Time Management. Earning an MBA requires juggling extracurriculars alongside a challenging course load — not to mention other personal and professional pursuits. Getting an MBA can help you manage your time effectively, which is not only an in-demand skill among employers, but a valuable life skill, as well. Questions You Might Be Asking About an MBA. If you’re considering getting an MBA, you likely have a lot of questions about the benefits of earning an MBA, as well as the process involved. Here are some of the most common questions students have when considering an MBA.  How does an MBA help your career? An MBA can enhance your marketability as a professional and increase the quality and quantity of job opportunities. Over 98% of Wharton MBA graduates are extended full-time job offers. An MBA also helps you build business leadership skills, as well as a professional network. Wharton graduates are part of an extensive alumni community — over 99,000 strong in 153 countries. Learn more about the value of a Wharton MBA. How does an MBA affect your salary? One of the benefits of getting an MBA is an increase in earning potential. Why get a Wharton MBA? The median annual base salary of Wharton MBA graduates was $150,000 in 2019 and is consistently the highest across all MBA Programs. Those who earn an MBA can expect to make 28% more than those without an advanced degree.  What does an MBA teach you? Professionals who graduate with an MBA will learn business fundamentals such as leadership, communication, and critical thinking and analytical skills. Delving further into the curriculum, a Wharton MBA balances a core curriculum that focuses on accounting, ethics, finance, marketing, and macro/micro economics with electives that help build leadership skills, including networking, student conferences, and advanced student projects.  What can you get an MBA in? There’s more to an MBA than just the advanced degree itself. At Wharton, there are 19 MBA majors, including Finance, Entrepreneurship & Innovation, Health Care Management, and Organizational Effectiveness. Students whose interests do not neatly fit into one of Wharton’s existing 19 majors have the opportunity to craft an individualized MBA major tailored to an interdisciplinary path of study. How much does an MBA cost? The cost of a two-year MBA program varies, however, the estimated total cost for a Wharton MBA is $224,948. Depending on whether you opt for room and board on-campus, the cost can be approximately $44,000 less. Veterans and current members of the military may also be eligible for additional awards benefits to offset the cost of tuition. Similarly, exceptional students may also qualify to be part of the Wharton Fellowship Program. Learn more about tuition and financial aid at the Wharton School.  When should you get your MBA? There is no right or wrong time to get your MBA, rather it’s up to each individual. Most MBA students have at least five years of experience in the workforce before committing to an MBA program. The Wharton MBA application process takes place at three different times during the year, making it convenient for students to apply to the program. Visit our Application Timelines & Deadlines page to learn more.  Get answers to more frequently asked questions at the Wharton School’s Admissions FAQ page.  Download your Wharton MBA guide today. This guide covers everything you need to get started on your MBA journey. Why Get an MBA at Wharton? While an MBA can open new doors for you, a Wharton MBA comes with several distinct advantages. For over 130 years, Wharton has held a reputation as “the finance school.” Today, Wharton upholds that reputation, leading the way with innovative courses and research surrounding global finance, alternative investments, and other groundbreaking avenues in the world of finance. Beyond reputation, there are several other reasons to choose a Wharton MBA.  1. An Extensive Worldwide Alumni Network. Not only will you learn alongside a select group of professionals in the classroom, but you’ll also expand your professional network to include the 100,000 Wharton MBA alumni around the world in 153 countries. You’ll gain a broader, more interconnected perspective on business issues and how they impact the global economy.  2. Increased Earning Potential. Wharton MBA graduates can expect a median annual base salary of $150,000 and can expect to earn nearly $3 million over the course of 20 years. Over 98% of those who earn a Wharton MBA are offered a job, and alumni currently hold positions at Fortune 100 companies and/or renowned organizations such as Apple, the Bill & Melinda Gates Foundation, DuPont, IBM, General Mills, Morgan Stanley, and more. 3. Lifelong Learning. The lessons learned while earning a Wharton MBA extend beyond the time you spend in the classroom. In addition to a world-class education, Wharton MBA students are able to take part in a wide variety of extracurricular activities, interacting with current students and alumni and fostering deeper relationships. Wharton also offers best-in-class career resources for MBA alumni, supporting you at various stages throughout your career and helping you stay connected.  
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Result 21
TitleUCO: MBA Program
Urlhttps://www.uco.edu/business/academics/mba-on-ground-program
Description
Date
Organic Position20
H1MBA in OKC Program
H2Why the UCO MBA?
H3Connect to the Future of Business
Downtown Advantage
Industry-Driven Curriculum
Multifaceted Business Experience
Unmatched Affordability
Requirements for Admission
Application Deadlines for Fall Admission
Application Deadlines for Spring Admission
Program Directors
Quality Faculty
Advisory Board
H2WithAnchorsWhy the UCO MBA?
BodyMBA in OKC Program Alert Button Play Why the UCO MBA? Connect to the Future of Business. The UCO MBA is an AACSB-accredited 35-hour degree program that takes 16 months to complete, located in the heart of Downtown Oklahoma City. You will learn from and meet with industry leaders in the city and around the globe. × The Master of Business Administration (MBA) degree at the University of Central Oklahoma (UCO) is designed for students who desire broad preparation for managerial and executive positions in business, industry, government and education. Courses in the innovative, integrated curriculum focus on the knowledge and expertise that today’s managers need to solve everyday problems. The MBA is intended to provide students with a 21st century MBA education using integrated learning strategies for teaching integrated organizational functions. The UCO MBA student will learn to combine the theoretical and practical knowledge necessary to develop the leadership and management skills required in today’s business world. MBA DEGREE SHEET Downtown Advantage. located in the center of the Oklahoma City business district . Classes held in the heart of Downtown OKC at the UCO Downtown  Courses are offered two nights a week (Tuesdays and Thursdays) for a completion time of 16 months Our 26-month program can accommodate your busy schedule by attending class on average, one night a week Industry-Driven Curriculum . that meets the fast-changing demands of employers. Courses and learning objectives developed by local industry leaders Classes and projects focus on creative problem-solving Hands-on integrative projects with local organizations provide real-world experience and connections International business immersion experience contributes to building a global business leadership skill set Coursework eligible to sit for the CPA exam Multifaceted Business Experience. learning inside and outside the classroom. We welcome students with diverse backgrounds in business and non-business fields Faculty and staff focused on high-quality interactions with students to facilitate learning Multiple opportunities inside and outside the classroom provide students connections for career-building relationships Cohort-based program encourages lasting professional relationships Unmatched Affordability . an investment in YOU. The total cost of the program is just under $22,000* MBA tuition waivers are available for recently admitted and current students An approximate cost can be calculated via tuition calculator *Cost is for Oklahoma residents. Cost includes International Immersion Experience, which ranges from $3,500 to $4,500, depending on the location.The College of Business currently offers $1,000 financial support for students. Locations for 2020 include India and Brazil. Requirements for Admission. Completed the application for graduate admission Competitive GRE/GMAT score** Minimum 2.75 Undergraduate GPA 500-word personal statement Current Resume Official Undergraduate Transcript**A waiver is available for qualified applicants   Application Deadlines for Fall Admission. May 15-Priority Admission July 15-Regular Admission August 1-Space Available Admission Application Deadlines for Spring Admission. October 1-Priority Admission November 15-Regular Admission December 1-Space Available Admission Program Directors. Lauren EichingerDirector of Business Graduate Enrollment Dini Homsey, Ph.D.MBA Program Director/Associate Professor Quality Faculty. focused on your learning. Mariya Burdina, Ph.D.Jason Eliot, J.D. Barry Ellis, Ph.D.Dini Homsey, Ph.D.  Abbie Lambert, Ph.D.Sammy Muriithi, D.B.A.Holly Osburn, Ph.D. Travis Roach, Ph.D.   Geoff Willis, Ph.D. Wenkai Zhou, Ph.D.  Advisory Board. MBA Advisory Board
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Result 22
TitleWhat Can You Do With an MBA? - National University
Urlhttps://www.nu.edu/resources/what-can-you-do-with-an-mba/
DescriptionWondering what you can do with an MBA? Achieve higher-level roles with higher pay, for one. Find out which industries have the most demand for MBA graduates
Date
Organic Position21
H1What Can You Do With an MBA?
H2Good Timing: Demand for MBAs is Rising
Time Commitment: How Long is an MBA Program?
Plotting Your Path: First Stop, Goals!
Career Options: What Can You Do With an MBA After Graduation?
Benefits of Specialization: What Can You Do With an MBA Concentration?
What Can You With an MBA, Outside of Climbing the Corporate Ladder?
What Can I Expect to Earn With an MBA?
Search the site
Terms & Conditions
H3Accountants and Auditors
Market Research Analyst
Budget Analyst
Financial Analyst
Financial Managers
Human Resources Managers
Sales Managers
Marketing Managers
Operations or General Managers
Chief Executives (ex: CEO, COO)
Featured Programs
Helpful Links
H2WithAnchorsGood Timing: Demand for MBAs is Rising
Time Commitment: How Long is an MBA Program?
Plotting Your Path: First Stop, Goals!
Career Options: What Can You Do With an MBA After Graduation?
Benefits of Specialization: What Can You Do With an MBA Concentration?
What Can You With an MBA, Outside of Climbing the Corporate Ladder?
What Can I Expect to Earn With an MBA?
Search the site
Terms & Conditions
BodyWhat Can You Do With an MBA? Advance in your current position. Increase your earning potential. Stand out from other job candidates. Expand your knowledge and skills. These are all answers to the question, “What can you do with an MBA?” To get more specific, a master’s in business administration (MBA) is a sought-out graduate-level degree in the business community. Many working professionals committed to career development and personal growth are willing to invest in an MBA — and many employers are ready and willing to invest in people with this credential for top positions. Companies and organizations of all sizes and in nearly every industry need qualified individuals to lead and grow their business. In today’s global and technology-dependent society, hiring managers are also looking for employees with the most up-to-date business education. An MBA prepares future leaders for the next step in their careers, whether that’s advancing to a higher level or transitioning to a new field.   Good Timing: Demand for MBAs is Rising. A bachelor’s degree has become the standard for entry-level positions in a variety of industries. Having a graduate degree in your chosen field is one way to stand out from other applicants, whether you are seeking your first job, early in your career, or established in the field and looking to expand your responsibilities or move up in your organization. Typically, a graduate degree, along with ample career experience, is required of senior managers and executives. In the business world, the advanced degree of choice is often an MBA. In fact, more and more employers are requiring this credential, especially for top leadership positions. According to a 2018 year-end employer poll from the Graduate Management Admission Council (GMAC), 78 percent of respondents planned to hire recent MBA graduates. And, in this same poll, more than half of the companies indicated they planned to increase MBA starting salaries in 2019. An MBA can lead to positions in a variety of industries. Finance and accounting are two common areas in which graduates begin their careers with skill sets that are in great demand. According to the U.S. Department of Labor’s Bureau of Labor Statistics (BLS), financial manager positions are expected to grow by 19 percent over the next decade, which is faster than the average occupation. It’s no longer just big business seeking out MBA grads. On the opposite coast from Wall Street, Silicon Valley is also seeing a rise in jobs for MBAs. But the demand is not confined to the region of the U.S. most associated with the web, social media, artificial intelligence, software, and telecommunications; tech firms around the globe have an increasing interest in MBA grads as well. The aforementioned GMAC survey also broke down the hiring rate by industry and discovered the tech world is set to recruit MBAs at a higher rate (89 percent) than financial and accounting firms (76 percent). As an example of this growth, The Wall Street Journal reported that Amazon hired 1,000 MBA graduates between 2016 and 2017. These statistics indicate that opportunities for qualified MBA graduates are becoming more plentiful, and in more fields — and that employers are willing to compensate well.   Time Commitment: How Long is an MBA Program? Finding a master’s in business administration program that suits your personal career goals and is flexible enough to fit your schedule is important. When wondering, “How long is an MBA program?” you’ll find that the answer is frequently, “It depends.” MBA programs can vary in length of expected completion time; for example, it could depend upon a school’s graduation requirements, academic calendar, class delivery format (such as if it’s an online degree or an accelerated program), and other factors such as if you are attending the program as a full-time student or juggling work and family responsibilities while you are studying. Typically, if you’re attending a program designed for adult learners, you can expect to complete an MBA in about 18 months. National University ranks among the best colleges in San Diego for working adults who want to pursue an MBA. Dr. Farhang Mossavar-Rahmani, a professor of finance and director of the MBA program at National, says his program’s timeline was created specifically to fit into the lives of students who might be working and attending school at the same time. “[I]n fact, all programs at National are designed for adult learners. We understand what they need,” he says. “Our MBA program is very flexible. We offer online classes and our on-campus classes are held on Saturdays.” Breaking your education into smaller pieces or setting several milestones is a good way to help the overall goal appear more achievable. So, with this in mind, you might also want to ask, “How long is an MBA program’s typical term?” That can vary too. Some schools may be on a traditional semester system, and others may operate on trimesters. At National University, MBA students take a new class every four weeks, year-round. Mossavar-Rahmani says this format is beneficial because “it’s easier to focus on one course at a time.” When thinking about how long it takes to earn an MBA, also keep in mind you won’t need to wait until graduation to use what you’re learning. One benefit to taking courses in an on-site or online MBA program while you’re working is that you can immediately apply what you’re learning to your current position. So while the degree may take upwards of a year to complete, you’ll benefit from new knowledge and skills right away. This is rewarding because you’ll be able to demonstrate you’re becoming an even stronger asset to your team — one course at a time.   Plotting Your Path: First Stop, Goals! . We’ve talked about the growing demand for MBA graduates as well as the potential time investment you need to make to earn one. Now let’s explore your options in more detail. First things first, though, Mossavar-Rahmani of National explains, “An MBA was designed for all individuals looking to advance in a business environment. That’s the chief function of an MBA.” This comment suggests just how broad the career options are: many individuals, many environments. To help new MBA students navigate their way through these myriad choices, Mossavar-Rahmani says he and his faculty talk to each student about their interest and needs. “We get to understand their goals and objectives, what they want to do with their life,” he says, adding that this helps them advise students which courses (outside of the required core) will help them with those aspirations. Along with this, Mossavar-Rahmani mentions that some MBA students may come directly from an undergraduate program. Others may come to an MBA program without a strong business background, but ready for a career change. In both of these instances, these students should feel at ease; Mossavar-Rahmani says through mentoring, they’ll find where they’ll fit best. So you could say the question isn’t exactly, “What can you do with an MBA?” but instead, “What do you want to do with your MBA?” If you don’t know right away, that’s OK too; you’re likely to discover more about yourself and business goals as you take courses and interact with your classmates and teachers. Either way, you’ll find you’ll have plenty of options.   Career Options: What Can You Do With an MBA After Graduation? After completing an on-site or online MBA program (and, as mentioned earlier, sometimes even before!), you’ll have a range of options in varying positions within many industries and at companies of all sizes from start-up and family-owned to Fortune 500. Let’s start with industry. You’d be hard pressed to find a business sector that doesn’t have a need for the skills and knowledge someone with an MBA can bring. Here is a look at some of the industries GMAC’s corporate recruiting survey reports as being well-known for hiring MBAs: Consulting. Energy. Finance/accounting. Health care. Technology. Manufacturing. Nonprofit/government. Consumer products/services.   Other than those included on the GMAC survey, other industries an MBA graduate could consider include retail, transportation, education, engineering, real estate and property management, and media. What about where you’d fit within a company? Again, since an MBA education is so multi-faceted, you’re likely to find people with the degree in many areas of a company including: Executive offices. Human resources. Accounting. Auditing. Research and product development. Data analytics. Marketing. Business development. Information technology. Operations. Productions. Logistics. In-house counsel.   While job titles vary from company to company, here are some common examples of positions MBA graduates fill, from entry- to executive level: Accounting manager. Finance manager. Financial analyst. Budget analyst. Data analyst. Investment banker. Investment fund manager. Marketing manager. Market research analyst. Human resources manager. Sales/business development manager. Program manager/director. Brand manager. Product manager. Project manager. Operations manager. Risk manager. Supply chain manager. Logistics. And looking at C-suite and upper-level management positions: General manager. Department/division director. Department/division executive director. Chief executive officer. Chief operations officer. Chief financial officer. Chief marketing officer. Chief technology officer. Chief information officer. As you can see, it’s clear there are many career paths an MBA graduate can take and also plenty of room for growth. If you’re already searching for campus-based programs or online degrees that can help you grow your career, you likely already have an industry in mind. And that leads us to another benefit of an MBA program: specialization.   Benefits of Specialization: What Can You Do With an MBA Concentration?  . An MBA can give you an edge in your career and lead to higher-level and higher-paying positions. What about adding a specialization? That’s an extra accomplishment that adds one more differentiation to your list of qualifications. More important, though, is that choosing to concentrate your studies in a particular area will better prepare you for the challenges of that specific career path. MBA programs traditionally focused on finance and accounting but the evolving demand of the market led most graduate business programs to offer additional areas of focus. Mossavar-Rahmani says of National’s program: “We have nine or so areas of concentration. This helps students become more knowledgeable about a particular field.” For example, he says those looking to be a more effective leader may choose to focus on organizational leadership, while someone looking to up their decision-making and operations quotient may opt for a concentration in supply chain management.   Concentrations will vary from school to school; here’s a look at some areas National University students can choose to focus on: Accounting professional skills. Financial management. Human resources management. Integrated marketing and communication. International business. Management accounting. Marketing. Mobile marketing and social media. Organizational leadership. Supply chain management. Mossavar-Rahmani reiterates why he often recommends students to add a specialization. “At the end of the day, we want them to be more successful in their chosen field,” he says.   What Can You With an MBA, Outside of Climbing the Corporate Ladder? . While most pursue a master’s in business administration with the goal of being promoted, landing a leadership role, moving into the C-suite, or simply meeting qualifications for a dream position at a dream company, an MBA can prepare you for other experiences, too. Many MBA-seekers are aspiring entrepreneurs. The curriculum in a graduate-level business program can provide a solid foundation for planning, starting, managing, and growing a sustainable, successful business. “The finance program is an especially good fit for students if they want to run their own business. You can’t do that without an understanding of finance,” Mossavar-Rahmani says. Launching your own product or service, however, is still closely tied to the idea of leadership and management for an employer. So, aside from working in a traditional business environment, what can you do with an MBA or how else will an MBA benefit you professionally and personally? Here are a few examples of other job options as well as community involvement opportunities where you can apply your business savvy: Teaching – an MBA and a solid work history may qualify you to teach at the college level at a school in your area or in an online degree This is because many programs value the experience of experienced professionals and what they can bring to the classroom. Many business leaders are adjunct faculty, teaching part-time while still working in the field, and enjoy doing so. Community Board Service – many business leaders also become involved in local charitable organizations, whether it’s volunteering or participating in fundraising events. If giving to your community in a greater capacity interests you, consider joining a nonprofit’s board of directors or a committee; many of these groups are in need of someone with business and financial expertise. This is also a great way to connect with other business leaders and possible partners and clients. Business Development/Education Volunteer – another way to share your knowledge with young adults or aspiring professionals is to serve as a mentor to others. For example, maybe your public library offers a business resource center, or perhaps your county is home to a chapter of SCORE (a nationwide volunteer network of business experts), or maybe you live near a Junior Achievement location (a national educational program dedicated to work-readiness, entrepreneurship and financial literacy for elementary through high school students).   These are just a few ways you can take what you learn in the MBA program and on the job and use it to benefit others. Not only do these volunteer opportunities feel good; they can also help you expand and nurture your network.   What Can I Expect to Earn With an MBA? . The potential for an excellent salary is another motivator for earning an MBA. Of course, pay will vary based on various factors including geographic location, work experience, and type of organization. To give you an idea of what you might expect, here is a list of common positions requiring a master’s in business administration and their average national salary, according to the BLS. We also highlighted some industry averages, as that can certainly impact your salary offer. As one of the best colleges in San Diego for adults learners, we’ve also included data from National University’s home state of California, where many of our students and graduates live and work:   Accountants and Auditors. National average: $69,530. California average: $83,540. Industry with highest average salary for this type of position: finance and insurance ($74,140).   Market Research Analyst. National average: $63,230. California average: $122,960. Industry with highest average salary for this type of position: publishing (non-internet).   Budget Analyst . National average: $75,240. California average: $87,400. Industry with highest average salary for this type of position: professional, scientific, and technical services ($82,360).   Financial Analyst . National average: $84,300. California average: $122,960. Industry with highest average salary for this type of position: securities, commodity contracts, financial investments and related activities ($100,180).   Financial Managers. National average: $125,080. California average: $154,310. Industry with highest average salary for this type of position: professional, scientific, and technical services ($140,040).   Human Resources Managers. National average: $119,120. California average: $139,860. Industry with highest average salary for this type of position: management of companies and enterprises ($124,540).   Sales Managers. National average: $121,060. California average: $131,100. Industry with highest average salary for this type of position: finance and insurance ($152,590).   Marketing Managers. National average: $129,380. California average: $164,410. Industry with highest average salary for this type of position: advertising, public relations and related services ($123,640).   Operations or General Managers. National average: $100,410. California average: $136,080. Industry with highest average salary for this type of position: professional, scientific, and technical services ($137,950).   Chief Executives (ex: CEO, COO). National average: $183,270. California average: $222,950. Industry with highest average salary for this type of position: professional, scientific, and technical services ($208,000 or more).   While these figures can help you get an idea of your earning potential in your desired field, or encourage you to consider a new field, it’s important to keep in mind these numbers are only averages based the Department of Labor’s research. There are many reasons to earn an MBA: career advancement, salary increase, and personal enrichment to name just a few. If you’re interested in learning if a master’s of business administration is right for you, explore your options at National University’s program page.     × Search the site. Modal window with site-search and helpful links Featured Programs. Nursing Business and Management Computer Science Teaching and Credentials Helpful Links. Admissions & Application Information Login Scholarships Accredited Online Degrees & Programs Student Services Request Your Transcripts Tuition × Terms & Conditions. 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Result 23
TitleOnline Master of Business Administration MBA Degree Programs | WGU
Urlhttps://www.wgu.edu/online-business-degrees/mba-masters-business-administration-program.html
DescriptionWGU’s online MBA program offers a respected, flexible, and affordable education for aspiring business professionals. Invest in yourself with a MBA degree you can earn at home
Date
Organic Position22
H1MASTER OF BUSINESS ADMINISTRATION Online MBA Degree
H2
H3FREE $65 APPLICATION CODE
THANKS FOR SIGNING UP!
H2WithAnchors
BodyMASTER OF BUSINESS ADMINISTRATION Online MBA Degree This master's in business administration gives you vital skills that make you stand out from the competition and excel as a leader. Become a great leader with an MBA. Apply FREE This Week Apply FREE This Week WGU's College of Business programs are accredited by the Accreditation Council for Business Schools and Programs. WGU's College of Business programs are accredited by the Accreditation Council for Business Schools and Programs. X FREE $65 APPLICATION CODE. Send me more information about WGU and a $65 application fee waiver code. By submitting you will receive emails from WGU and can opt-out at any time. X THANKS FOR SIGNING UP! We're emailing you the app fee waiver code and other information about getting your degree from WGU. Ready to apply now?Apply free using the application waiver NOWFREE. APPLY NOW
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Result 24
Title6 Reasons Why Earning an MBA is Worth It | Post University
Urlhttps://post.edu/blog/is-an-mba-worth-it/
DescriptionLearn 6 reasons why MBA’s are worth the investment and the time it takes to complete graduate business school
DateSep 24, 2021
Organic Position23
H1Is an MBA Worth It? 6 Key Perks to Earning Your MBA You Can’t Ignore
H2Post University Blog
Understanding the MBA Degree
Why an MBA Is Valuable
How to Choose an Online MBA Program
H31. Increased Earning Potential
2. Grow in Your Current Career
3. Explore New Career Path Opportunities
4. Expand Your Network
5. Flexible Class Options
6. Learn New Skills and Knowledge
Related Posts
Related Posts
H2WithAnchorsPost University Blog
Understanding the MBA Degree
Why an MBA Is Valuable
How to Choose an Online MBA Program
BodyIs an MBA Worth It? 6 Key Perks to Earning Your MBA You Can’t Ignore Sep 24, 2021 | MBA If you are involved in for-profit or non-profit business and are looking for additional education to move your career forward, you may be considering a Master of Business Administration (MBA). Are MBA’s worth the investment and the time it takes to complete graduate business school? The answers are going to vary, and you will need to take a look at your career goals to be sure, but for many, the answer is a resounding, yes!  An MBA helps increase earning potential and encourages career growth, giving you more options both now and in the future. If an MBA program is worthwhile, is an online MBA equivalent? Online MBA programs provide the flexibility necessary to earn the degree without having to put your career on hold in the process. This guide will help you answer the question “Is an MBA worth it?” for yourself by outlining the benefits of this degree. Download your guide to learn everything you need to know about earning a Master of Business Administration online. Download Now   Understanding the MBA Degree. Before exploring the value of an MBA, first look at what an MBA is. The Master of Business Administration (MBA) is a broad-based graduate degree that delivers practical business education across the spectrum of organizational dynamics. The MBA is designed to build graduates into leaders in the business world The MBA is currently the most popular graduate management degree in the world.  The MBA is a generalist degree that provides fundamental management knowledge including finance, marketing, accounting, operations, and project management all while developing vital soft skills and leadership skills. There is no one typical MBA student.  Professionals from all disciplines – medicine, law, government, technology, engineering, and business – pursue their MBA to enhance their business knowledge based on career motivations.  According to the Graduate Management Admissions Council ™ (GMAC ™), the top career motivations for prospective MBA students are salary increases, promotions to senior-level positions, leading people, and working internationally. Why an MBA Is Valuable. An MBA does require a financial investment. While every program varies, and financial aid is often available, you can expect to pay several thousand dollars for your degree. So, is an MBA worth the investment? The value of the degree will help you understand its worth as you make your decision. 1. Increased Earning Potential. One of the primary reasons people will go back to school to earn their MBA is to increase their earning potential. According to the Graduate Management Admission Council’s 2021 Corporate Recruiters Survey, the average salary for someone with an MBA was $115,500. Those with only a bachelor’s degree earned an average of $65,000. Over a lifetime of work, this can lead to a $3 million difference in lifetime earnings. This income is 77% higher than those with just a bachelor’s degree. Thus, based on income potential, earning an MBA makes sense. This increased earning potential can help balance the overall cost of tuition in an MBA program. If salaries for MBA graduates earn $3 million more over a lifetime, this can easily offset the cost of earning the degree. 2. Grow in Your Current Career. While some people will pursue an MBA degree to branch into another field, others who are happy within their line of work can benefit from an MBA as it allows them to grow professionally in their current career. Post University’s online MBA program makes it easy to use your MBA education to grow your career. With a number of concentrations in high-demand fields, you can use your MBA program to add skills to your repertoire that will make you more appealing as a candidate or more helpful in your current job. Even if you don’t have plans to change careers, an MBA gives you opportunities for growth. 3. Explore New Career Path Opportunities. On the other hand, earning an MBA can make you more appealing as a new hire if you are looking for a new career path. Your additional education and your concentration give you skills that potential employers want to see. If you have been thinking about pursuing a new career path, earning an MBA may give you the boost you need to find success. Similarly, an online MBA may be the right tool to start a career in a business field if you are currently working in a different field. Rather than earning another bachelor’s in business, you can earn a master’s and move into business leadership. Keep in mind that some MBA programs do have prerequisites, so check those carefully. 4. Expand Your Network. When you enter an MBA program, you will be connected with other business professionals who are also looking to expand their skills. If you take advantage of those connections, those fellow students can become part of your professional network. Your professors can be part of your network, as well. MBA graduates benefit from these connections as they seek new job opportunities after graduation. When you finish your degree program, that professional network can help you learn about new positions and opportunities. This can be invaluable for your career success. In fact, a LinkedIn survey found that 80% of professionals considered their network an important part of success in their field, and 70% of people were hired at a company where they had a network connection. The impact of a growing professional network, which comes naturally in an MBA program, is valued far beyond salary figures and overall career growth. 5. Flexible Class Options. If you are wondering, “Is an online MBA worth it?” consider the flexibility that comes with an online degree program. Online programs allow you to fit coursework around your existing career, which lets you go to business school and expand your talent without putting your career on hold. With so many online MBA programs available, this is a flexible way to expand your knowledge base as you grow in your career. 6. Learn New Skills and Knowledge. Finally, when you enroll in an MBA program, you learn new skills and gain new knowledge in a field that you are passionate about. This is a value that is hard to put a dollar sign on, but it makes your job easier as you move forward in your career. As you consider earning an MBA, consider areas where you have weaknesses as a professional. Consider focusing on those areas as you extend your education. This can help make your MBA program even more valuable to you and your future. How to Choose an Online MBA Program. As you are considering an MBA program, there are several factors to keep in mind before choosing one, including: School quality: Not all MBA programs are created equal. Make sure the one you are considering comes from an accredited school with a solid reputation for quality instruction. Faculty and staff: Choose an MBA taught by established business professionals. Concentrations: Check the concentration options and ensure that the program has one that fits your career goals. At Post University, you can choose from concentrations in corporate innovation, finance, entrepreneurship, healthcare systems leadership, leadership, marketing, multidisciplinary studies, or project management. Time commitment: An MBA program usually takes between 24 and 26 months to complete, but some streamlined programs can be shorter. Consider your goals and how quickly you need to earn your MBA. Location: If you are going to go to campus to earn your MBA, make sure the location is convenient to your home and work demands. Flexibility: Flexibility is a perk of online MBA programs, but make sure the program you choose is truly flexible if you need this benefit. Post University offers both online and on-campus MBA programs to fit a range of needs. Earning an MBA is a valuable step to take as you grow your business career. Whatever your background, if you want to learn or enhance your management skills and advance your career, then the MBA is the degree for you. If you decide to pursue an MBA, check out the Post University MBA program. With both online and campus-based programs, you can find one that fits your needs well. Reach out to our admissions team today to learn more about our MBA program. Thank you for reading! The views and information provided in this post do not reflect Post University programs and/or outcomes directly. If you are interested in learning more about our programs, you can find a complete list of our programs on our website or reach out directly!  Please note jobs, career outcomes, and/or salaries highlighted in this blog do not reflect jobs, career outcomes, and/or salaries expected from any Post program. To learn more about Post’s program and their outcomes, please fill out a form to speak with an admissions representative. Related Posts. 7 Common MBA MisconceptionsConsidering an MBA? You've probably heard more than a few misconceptions. Take a look at… How 2018 Graduate Carol Carnegie Is Making the Most of Her MBAIn 2018, Carol Carnegie graduated from Post University's MBA program. She explains the journey and… MBA Program Comparison: Which MBA is Right For YouIf you are wondering which MBA is right for you, compare the pros and cons… Related Posts. 7 Common MBA MisconceptionsConsidering an MBA? You've probably heard more than a few misconceptions. Take a look at… How 2018 Graduate Carol Carnegie Is Making the Most of Her MBAIn 2018, Carol Carnegie graduated from Post University's MBA program. She explains the journey and… MBA Program Comparison: Which MBA is Right For YouIf you are wondering which MBA is right for you, compare the pros and cons…
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Result 25
TitleMBA Degree | University of San Francisco
Urlhttps://www.usfca.edu/management/graduate-programs/full-time-mba
DescriptionA full-time MBA degree program that offers an experience-based curriculum that draws on the entrepreneurial spirit and innovation of the SF Bay Area
Date
Organic Position24
H1Full-Time MBA
H2Offered in
DEGREE REQUIREMENTS AND PROGRAM LEARNING OUTCOMES
Career Accelerator Platform
MBA Concentrations
The USF MBA Experience
Contact Info
Values-Based Leadership in Action
H3Diverse Colleagues
Small Classes
Leadership
STEM DESIGNATED
Admission: Graduate
H2WithAnchorsOffered in
DEGREE REQUIREMENTS AND PROGRAM LEARNING OUTCOMES
Career Accelerator Platform
MBA Concentrations
The USF MBA Experience
Contact Info
Values-Based Leadership in Action
BodyFull-Time MBA There is no city in the world like San Francisco. Transform your career at a top 100 program. Home School of Management / Graduate Programs / MBA Programs / MBA - Full Time Build the essential skills to lead successful, sustainable businesses in the most entrepreneurial city in the world and beyond. The USF full-time MBA degree offers you a personalized path to business leadership. World-class academic content and expert, dedicated faculty Career-oriented co-curricular activities and events Collaboration with extensive Bay Area School of Management alumni and company networks USF has the #1 MBA program in the city of San Francisco 87th in the Nation USF ranks 87th for its Full-Time MBA program by U.S. News & World Report.  21stfor Entrepreneurship USF ranks 21st for its MBA for Entrepreneurship program by U.S. News & World Report.    21stfor Business Analytics USF ranks 21st for its MBA for Business Analytics program by U.S. News & World Report.  26thfor Marketing USF ranks 26th for its MBA for Marketing program by U.S. News & World Report.   Offered in . Downtown DEGREE REQUIREMENTS AND PROGRAM LEARNING OUTCOMES. Career Accelerator Platform. With the full-time MBA, USF emphasizes your career goals from day one. Working with support from mentors and career advisers, you choose an area of focus based on your professional interests and goals. Learn More MBA Concentrations. Advanced elective courses enable you to develop in-depth experience and expertise in a particular field of study. Learn More Diverse Colleagues. As part of the Full-Time MBA program, you’ll learn with a select cohort of professionals who come from around the world to experience San Francisco’s innovative business culture first-hand. Small Classes . The University of San Francisco has small class sizes of 20-30 students, and our cohort system means that collaboration and cooperation are more than just leadership ideals we teach—they are fundamental to the infrastructure of your program. Leadership. The Full-Time MBA prepares you for ethical and entrepreneurial leadership through experiential learning — and invaluable professional exposure in the city that is synonymous with innovation. STEM DESIGNATED. The Full-Time MBA is a designated STEM program (science, technology, engineering, and math). Employers are known to value employees with a STEM designated education. Eligible international students may apply to work in the United States for additional time via the Optional Practical Training (OPT) benefit and OPT STEM extension. Watch the Video The USF MBA Experience . With an ideal location in downtown San Francisco, valued connections throughout the Bay Area, and a customizable curriculum based on your personal career goals, the USF MBA is The City's MBA. Contact Info. Admission: Graduate. Monday–Friday 9 a.m–5 p.m. University of San Francisco Downtown Campus 101 Howard Street, Suite 500 San Francisco, CA 94105 [email protected] (415) 422-2221 Values-Based Leadership in Action . Q&A with Euisun Chung, MBA ‘98, Executive Vice Chairman of Hyundai Motor Group Read the full Story This site uses cookies to enhance your browsing experience. By continuing to use this site, you agree to the use of cookies. Our Privacy Policy is located at https://www.usfca.edu/privacy Continue
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Result 26
TitleBusiness Administration (MBA) | University of Central Florida
Urlhttps://www.ucf.edu/degree/business-administration-mba/
DescriptionMBA options at UCF provide students with the MBA program that best fits their career goals as well as their professional and personal schedules
Date
Organic Position25
H1MBA Programs
H2Move Forward with an MBA from UCF
Choose from Our UCF MBA Programs
Compare UCF MBA Options
Have questions? Speak to an Advisor
Request Information
H3Highlights
Executive MBA
Evening MBA
Professional MBA
H2WithAnchorsMove Forward with an MBA from UCF
Choose from Our UCF MBA Programs
Compare UCF MBA Options
Have questions? Speak to an Advisor
Request Information
BodyMBA Programs College of Business Request Info Move Forward with an MBA from UCF. The UCF MBA is an AACSB accredited, 39-credit hour program with full-time and part-time schedule options. Through our rigorous curriculum, case study-based learning and teamwork, the UCF MBA equips students with advanced business skills and strong leadership abilities while evolving their perspective and growing their professional network. The UCF MBA is a combination of quantitative and qualitative coursework mixed with a focus on developing strategic thinking, collaboration and leadership skills. With our applicable curriculum, students can directly apply what they learn in the classroom to their work, providing immediate benefits to their organization. UCF offers three MBA options: executive, evening, and professional part-time or full-time. Our MBA options provide students with the program that best fits their career goals as well as their professional and personal schedules. Request Information Highlights. Best Graduate Schools Business Part-time MBA, U.S. News & World Report, 2021 Only AACSB accredited graduate college of business in Orlando Choose from Our UCF MBA Programs. The UCF MBA is an AACSB-accredited graduate program with a 39-credit hour, 13 course applicable curriculum. It’s offered in three different program formats with different levels of admission and professional work experience requirements, as well as campus location. Executive MBA . The Executive MBA is a 19-month, cohort program designed for mid to senior-level professionals. The EMBA offers an applicable curriculum and international residency in a rigorus, leadership focused program. Classes are held three Saturdays and one Friday per month starting each fall at the UCF Downtown campus. Evening MBA . The Evening MBA is designed to accommodate working professionals of all levels who want to pursue an MBA at their own pace. Offered each fall, the Evening MBA is a part-time program with evening, weekday classes held at the UCF main campus. Professional MBA . The Professional MBA (PMBA) combines the rigor and depth of a traditional MBA program and offers two scheduling options: part-time in the evening for 24 months, or full-time during the day for 12 months. Not sure what program fits you the best? Register for an info session to learn more about the UCF MBA and our program options. Register for MBA Info Session My graduate degree from UCF provided me with the leadership and networking skills that I use every day. I currently lead EY’s recruiting efforts at UCF, which has helped to not only set me apart from my peers, but also allowed me to continue our strong alumni network.” Compare UCF MBA Options. Executive Professional Part-Time Professional Full-Time Evening Program Type Full-Time Part-Time Full-Time Part-Time Program Length 19 months 24 months 12 months 32 months (minimum) Program Format Cohort, Classroom Cohort, Classroom Cohort, Classroom Classroom Credit Hours 39 39 39 39 Curriculum 13 courses 13 courses 13 courses 10 required courses + 3 electives Program Location Downtown Downtown or Regional Campus Downtown Main Campus Class Schedule Daytime 3 Saturdays & 1 Friday per month Evenings 2 Weekdays Daytime Monday – Thurs Evenings 2 Weekdays Class Size Cap 24 36 36 70 International Residency Yes No No No Tuition $47,000 $39,000 $39,000 Per credit hour Program Start Fall Term Summer or Fall Term Fall Term Fall Term Early Application Deadline March 15 Downtown: Dec. 15 Regional Campus: March 15 March 15 N/A Early Application Discount $1,400 $1,200 $1,200 N/A Final Application Deadline July 1 Downtown: April 1 Regional Campus: July 1 July 1 July 1 International Student Application Deadline Jan. 15 N/A Jan. 15 N/A Admission Requirements 3.0 Undergraduate GPA, 5 years minimum work experience 3.0 Undergraduate GPA, 3 years minimum work experience 3.0 Undergraduate GPA, 1 year work experience 3.0 Undergraduate GPA, 2 years minimum work experience GMAT Requirements No No No No Have questions? Speak to an Advisor. The advising team works directly with our UCF MBA students as you journey from admission to graduation. They are dedicated to your academic, professional, and personal success through a collaborative advising process that will assist you in achieving your goals. Reach Out Today Request Information . × Enter your information below to receive more information about the Business Administration (MBA) program offered at UCF. Loading...
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TitleMBA | University of Utah | David Eccles School of Business
Urlhttps://eccles.utah.edu/programs/mba/full-time-mba/
DescriptionLearn more about the University of Utah Full-Time MBA program at the David Eccles School of Business. Ranked #9 in the West
DateDec 16, 2021
Organic Position26
H1Full-Time MBA
H2Master of Business Administration
Why Choose the University of Utah Full-Time MBA?
Career Growth
Return on Investment
Ranking
Customized Experience
Meet With an Admissions Advisor
What Do You Want to Learn More About?
Recognized for Quality By
H3We're excited to meet you!
“I was looking for a career shift, and the University of Utah MBA program opened the doors for me to do so. Through the program, I was able to choose a career path that best fit my professional goals. The most valuable asset I have received through an MBA is the networking opportunities – in the classroom, through networking events, career fairs, and business visits. The caliber of individuals I have been honored to meet has set the foundation for post-graduation success.”
Request More Information
We're excited to meet you!
H2WithAnchorsMaster of Business Administration
Why Choose the University of Utah Full-Time MBA?
Career Growth
Return on Investment
Ranking
Customized Experience
Meet With an Admissions Advisor
What Do You Want to Learn More About?
Recognized for Quality By
BodyFull-Time MBA Full-Time MBA Full-Time MBAu02399732021-12-16T07:33:01-07:00 Already have questions? Schedule a call or video chat with us at your convenience: Schedule a 1:1×We're excited to meet you! Please provide some basic info Master of Business Administration. An MBA from the University of Utah is unlike any other. Our program is for individuals with at least one year of post-undergraduate work experience. It is immersive, experiential, and cohort-oriented, connecting you to high-impact careers and networks. Our world-class faculty, cutting-edge curriculum, and hands-on career services will give you what you need to achieve your career goals. “I was looking for a career shift, and the University of Utah MBA program opened the doors for me to do so. Through the program, I was able to choose a career path that best fit my professional goals.  The most valuable asset I have received through an MBA is the networking opportunities – in the classroom, through networking events, career fairs, and business visits. The caliber of individuals I have been honored to meet has set the foundation for post-graduation success.”. Karina Rivera, Full-Time MBA, Class of 2018 Request More Information. Have questions? We’d love to answer them. Why Choose the University of Utah Full-Time MBA?Career Growth. The Career Management Center that all of our Full-Time MBA students work with is one of the most personalized, high-touch, and engaged out there. Whether you’re seeking an internship or a post-graduation career, our career coaches can help you achieve your goals. Return on Investment. A University of Utah MBA is an investment worth making. 90 to 95% of incoming students receive merit-based scholarship awards to help them fund their program. Our 2019 graduates reported a 105% average salary increase upon graduation. Ranking. Our Full-Time MBA program is AACSB-accredited and ranked in Forbes’ top-40 business schools for the strong return on investment that our students report. We are also ranked in the Princeton Review’s top-10 best administered programs. Customized Experience. Over 50% of our Full-Time MBA class of 2020 pursued a dual or concurrent degree. Students participate in experiential learning opportunities, including more than 30 programs across campus, case competitions, consulting projects, and international excursions. Meet With an Admissions Advisor. The best way to determine if our program is right for you and get your specific questions answered is to meet with one of our admissions advisors. Our team is eager to meet with you and discuss your specific background, goals, and needs. What Can I Expect in a 1:1? In a personalized one-on-one conversation held over the phone or through web conferencing, you can expect questions like these answered: What is an MBA? Why should I pursue an MBA? What advantages does an MBA provide that other graduate programs do not? How will an MBA accelerate my career? Does my background fit for a program like this? Would I be successful in a program like this? How could I customize my degree? Schedule 1:1 Meeting×We're excited to meet you! Please provide some basic info What Do You Want to Learn More About? Admissions Curriculum Career Management Tuition & Scholarships Recognized for Quality By.
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Result 28
TitleMaster of Business Administration (MBA)
Urlhttps://www.ollusa.edu/sbl/sbl-programs/master-business-administration/index.html
Description
Date
Organic Position27
H1Business Administration (MBA)
H2Helpful Resources
Helpful Resources
Get started on your Journey
Program Design
Dual Degree Program
Graduate Certificates
Leveling Courses
Accreditation
Weekend Degree Program
Faculty
Admission Requirements
Readmission
Get started on your OLLU journey!
H3Concentration Degree Plans and Course Descriptions
MBA - Business Analytics
MBA - Financial Analysis
MBA - Health Care Management
MBA - Management
Use of Cookies
H2WithAnchorsHelpful Resources
Helpful Resources
Get started on your Journey
Program Design
Dual Degree Program
Graduate Certificates
Leveling Courses
Accreditation
Weekend Degree Program
Faculty
Admission Requirements
Readmission
Get started on your OLLU journey!
BodyBusiness Administration (MBA) Apply Info Sessions Visit Get started on your Journey. The Master of Business Administration (MBA) is available with concentrations in Business Analytics, Financial Analysis, Health Care Management and Management. The program is designed to meet the needs of practicing executives in for-profit and nonprofit settings and focuses on sharpening skills in decision-making and problem-solving behavior for professional administrators.  Program Design. The MBA is a 36-credit hour program. Classes meet every other weekend, eight times per term. The weekend format enables successful managers to continue to grow professionally without interruption in their careers, thus enhancing their competitive positioning in an increasingly sophisticated economic environment. The program's instructional design integrates scientific and technological advances with proven principles of management. The MBA is offered at the Houston campus and completely online  to provide greater flexibility for students. Concentration Degree Plans and Course Descriptions. MBA - Business Analytics  . The MBA in Business Analytics aims to help professionals achieve their career goals by mastering management and business analytics skills in a business environment. The program prepares ethical, knowledgeable, critically thinking and collaborative servant leaders with necessary skills to extract meaningful results from the data and lead organizations using evidence-based decision making. MBA in Business Analytics degree plan and course descriptions . MBA - Financial Analysis . The MBA in Financial Analysis program is designed to meet the demand and prepare future business leaders with necessary vision to effectively lead organizations using available financial analysis tools. Students earning the MBA in Financial Analysis will master the functional areas of business, develop critical thinking in quantitative and qualitative methods, use advanced data analytic skills to analyze complex financial data structures, and gain advanced level econometric and optimization skills. MBA in Financial Analysis degree plan and course descriptions . MBA - Health Care Management . The MBA in Health Care Management is designed to prepare health care professionals for positions in management, leadership and policy making. The program focuses on health care law and ethics, finance, planning and policy, and management of health care institutions and facilities. View degree plan and course descriptions here. Learn more about this online MBA concentration MBA - Management . The MBA in Management prepares professionals in a variety of for-profit and nonprofit fields to take on greater management, leadership and strategic roles. The program focuses on managerial control systems, finance, supply chain, marketing strategies and information systems. View degree plan and course descriptions here.Learn more about this online MBA concentration Dual Degree Program. Students in the MBA program can add a Master of Science degree in Organizational Leadership by taking six additional classes (18 credit hours). This dual degree gives business leaders the added skills and knowledge of the theories and practices of ethical leadership. Students must be accepted into both programs individually. View degree plan and course descriptions here. Graduate Certificates. Four graduate certificates are available for non-degree seeking students. To obtain the certificates, students must meet the following criteria: Admission to the graduate certificate program (requirements are the same as admission to the MBA program). Complete 15 hours in appropriate areas (all courses must be completed at OLLU; no course will be allowed to be transferred in for the certificate program). Complete all prerequisite course work and all preparatory courses in basic business fields The following graduate certificates are available: Business Essentials for Health Care Professionals Essential Business Skills Health Care Management Graduate Certificate Management Graduate Certificate Supply Chain Essentials Certificate Leveling Courses. Students who do not have sufficient background knowledge in business are required to take certain leveling courses. These leveling courses will allow students to integrate into the program earlier and will help improve their learning experience. Students can take these leveling courses before, or once they have started, the MBA program. Leveling courses are prerequisites for specific MBA courses, and students do not need to complete them all to start the program. Accreditation. This business program is accredited by the Accreditation Council for Business Schools and Programs (ACBSP). ACBSP is a leading specialized accreditation association for business education, supporting, celebrating and rewarding excellence on a diverse global scale. Weekend Degree Program. The weekend degree concept was pioneered at OLLU more than 40 years ago. It was designed for busy professionals who wanted to earn a degree without putting their career on hold. The format allows students to balance work, family and school. Instructional contact hours in the weekend degree program are fewer than more traditional programs, so that much of the work is faculty-directed outside of the classroom. Some courses require additional networking and professional development outside of class hours. The weekend program requires a commitment to an extensive educational experience as well as a considerable degree of independence and discipline. Faculty. Many of the full-time faculty members in the School of Business and Leadership have doctoral degrees and/or professional designations. Seasoned practitioners who teach specialized courses complement the full-time professors to provide students with a well-rounded experience. View School of Business Faculty.   Admission Requirements. Application and nonrefundable application fee A bachelor's degree from a regionally accredited institution Official transcripts of all previous college work A grade point average of 2.50 for cumulative undergraduate work or 3.00 for the last 60 semester hours of undergraduate work Résumé highlighting managerial or professional experience Evidence of at least three years of managerial or professional experience is encouraged for success in the MBA program  Two letters of recommendation from persons knowledgeable about the applicant's managerial and/or professional performance Graduate Personal statement: Should be no longer than two pages addressing the following areas: motivation for graduate studies, background in field of study, expectations of the program, and professional goals. Priority Admission Deadlines Fall: July 15 Spring: Nov. 1 Summer: April 15 Applications received after these dates will be considered on a space-available basis. Final deadline is two weeks prior to the start of classes.  Conditional acceptance is granted on the merits of each case. In some circumstances, applicants who do not meet all of the requirements for regular admission may be admitted conditionally, providing they fulfill the conditions listed in their letters of conditional acceptance within the period of specified time. If conditional acceptance is given because of missing official credentials, the period of time to provide those documents will not extend beyond the first term of attendance. The Business Programs Graduate Admissions Committee grants conditional admission on the merits of each case for those applicants who do not meet all the requirements for regular admission. The decision of the committee regarding conditional admission acceptance cannot be appealed. Readmission. Any student whose program is interrupted by an absence of one year or more will incur the obligation of meeting changed requirements as printed in the current graduate catalog. Application and nonrefundable application fee. Official transcripts from all regionally accredited colleges and universities attended since last attending OLLU. A letter of intent that describes the reasons for stopping out and what has changed in order to continue in the program. Student was placed on Enforced Scholastic Withdrawal:A letter of intent to include: Explanation of previous academic performance Plans for improving academic performance and corrective actions Any other documentation which will support request for readmission Get started on your OLLU journey! Apply Request Info Visit Use of Cookies . By navigating on the Our Lady of the Lake University website, you agree to our use of cookies during your browsing experience. Learn more about our cookies policy. Accept Top ©
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Result 29
TitleWhy Get An MBA | UMD Online Business Degree
Urlhttps://onlinebusiness.umd.edu/blog/why-an-mba-is-still-the-best-investment-you-will-ever-make/
DescriptionWhy get an MBA? Explore the benefits of earning an advanced business degree and find out how an MBA degree can pay off
Date
Organic Position28
H1Why Get an MBA? It’s Still the Best Investment You Will Ever Make
H2What Does an MBA Teach You?
How Does an MBA Help Your Career?
When Should You Get Your MBA?
Investing in Your Future Starts at UMD
Get More Information
H3Leadership Skills
Business Administration Skills
Specialized Business Skills
You Can Work While You Study
Some Employers Help Pay for MBA Tuition
MBA Programs Offer Networking Opportunities
An MBA Degree Can Open the Door to New Job Opportunities
MBA Degree Holders Can Have Increased Earning Potential
H2WithAnchorsWhat Does an MBA Teach You?
How Does an MBA Help Your Career?
When Should You Get Your MBA?
Investing in Your Future Starts at UMD
Get More Information
BodyWhy Get an MBA? It’s Still the Best Investment You Will Ever MakeView all blog posts under Articles | View all blog posts under Online Master of Business Administration If you’re looking for ways to advance your career, you might be considering a Master of Business Administration (MBA). But why get an MBA? What are the benefits and what can you learn in this type of program? Earning an MBA can be an unparalleled investment in your future in a number of ways. Here are some reasons why a graduate-level business education — like the Online MBA from the Robert H. Smith School of Business at the University of Maryland — can be worth it for your career. What Does an MBA Teach You? The return on your educational investment isn’t just a financial one; it’s also important to consider how you will grow and what you will learn as an MBA student. An MBA experience can give you the chance to hone various professional skills and expand the depth and breadth of your business knowledge. With that in mind, why get an MBA from an educational standpoint? Let’s take a look at some of the biggest takeaways you can expect from an MBA degree program. Leadership Skills. As an MBA student, you’ll have the chance to develop the skills required to successfully manage and motivate teams. Learning how to lead is essential if you want to thrive in the workplace or run your own business. The best leaders don’t just provide direction and guidance to their team members. It’s about generating results for everyone on the team, as well as the organization. Successful leaders unite the people they manage around a shared vision and make space to support each team member along the way. Studying the principles and theories of leadership will give you a solid foundation, while hands-on business management experiences will help you put those skills to practice. During your time in an MBA program, you will learn from your own mentors as well as the great leaders of the business world. These experiences will give you the opportunity to cultivate your own unique leadership style. Business Administration Skills. The Master of Business Administration is an opportunity to deepen your business administration skill set. Maryland Smith’s Online MBA curriculum features a variety of courses designed to address many of the practical dimensions of business, including finance, marketing, operations, economics and data analysis. For instance, courses such as Corporate Finance and Managerial Accounting will teach you about the complex financial considerations and responsibilities you may face in a business environment. During courses like Business Communications and Marketing Management, you can learn how to become a more effective and compelling communicator. Courses like Data Analysis and Decision Modeling will introduce you to technologies and data modeling techniques that can inform management decisions. Specialized Business Skills. Graduate students enrolled in the Smith Online MBA program have the opportunity to choose between several specialized tracks, in addition to the General Track: Accounting Finance Information Systems and Business Analytics Marketing Supply Chain Management Selecting one of these tracks is an opportunity to refine your skills in a critical aspect of modern business. For instance, an MBA student on the Finance track will take advanced courses including Applied Equity Analysis, Financial Restructuring and Commercial Bank Management. These cover theoretical and practical concepts to prepare students for the demands of the financial services sector and higher-level finance roles. How Does an MBA Help Your Career? MBA alumni can qualify for an exciting range of business career possibilities that often come with higher salaries. For MBA graduates in the workplace, the advancement opportunities and earning potential can make the time and money spent during school more than worthwhile. If you’re eager to pursue a career path in business, but you’re still wondering, “Why get an MBA?” the following benefits are worth considering. You Can Work While You Study. Some working professionals question the return on investment in a traditional full-time, two-year MBA program. After all, two years of tuition costs and two years of reduced wages can make this sort of experience impractical from a financial standpoint. Fortunately, when you choose the Online MBA program at UMD, you can continue working while you earn your degree. Online learning allows professionals to keep one foot in the working world while simultaneously studying for an advanced business degree. Students can take online classes on a part-time basis and enjoy a flexible school schedule that leaves ample time for working and studying. With online MBA programs, you don’t need to worry about relocation or spending time commuting to and from campus. Working full-time while attending graduate school is a big commitment, but the ability to stay in the workforce makes it a viable option for many business professionals. Some Employers Help Pay for MBA Tuition. Some employers committed to professional development will pay for their employees to earn an MBA. A flexible online program means the employee can keep growing in their current role. It never hurts to discuss this possibility with your employer during your application process. A 2018 Bloomberg report found that 35% of MBA students who continued working with their employer after graduation received at least 75% tuition coverage from that employer. More than half of the surveyed MBA earners employed in the following industries received funding: Government and military (88%) Defense and aerospace (84%) Consulting (72%) Manufacturing (61%) Engineering (57%) Additionally, at least 40% of MBA holders working in the following industries received funding from their employers: Real estate (47%) Energy (44%) Consumer goods (42%) Health care (41%) Construction (40%) Not only can this type of arrangement help you cover the costs of your MBA program, but it can also help you become an invaluable resource for your employer. You’ll be able to directly apply what you learn in your coursework to some of the real-world challenges your company faces. MBA Programs Offer Networking Opportunities. Completing an MBA program can rapidly expand your professional network. For instance, you will have the chance to connect with innovative faculty members, a dynamic MBA alumni community and like-minded peers. In addition, you can attend career fairs, networking engagements and industry events, making new connections along the way. An MBA Degree Can Open the Door to New Job Opportunities. Whether you advance at your current company or explore new employment opportunities, having an MBA on your resume can help you reach new career heights. An MBA allows you to apply for many different jobs that require an advanced business degree. Strong business administration skills are essential for most upper-level management positions, and earning an MBA can show potential employers you have what it takes. Some employers will pay closer attention to applicants with MBA credentials, whereas others will require an MBA for certain higher-level roles. Completing a part-time MBA online while working can also help you qualify for promotions and managerial positions with your existing employer. But you don’t have to stay in the same field to leverage a graduate business degree. Studying for an MBA can help you change your career path. For instance, if you have been working in manufacturing but you want to transition into marketing, you might enroll in UMD’s Online MBA and choose the Marketing Track. This can help you fill in any skills gaps and demonstrate your experience in this new area. According to The Wall Street Journal, three in four MBA graduates make a career change. MBA Degree Holders Can Have Increased Earning Potential. One of the most compelling answers to the question, “Why get an MBA?” is that this advanced degree can help you earn a higher salary. Many MBA graduates actually use their business school experience to double their earnings, which can dramatically increase their lifetime earning potential. The Wall Street Journal reported that MBA graduates earned roughly twice what they had made before entering business school. The median earnings for men increased from $67,000 to $140,000 and, reflecting the gender pay gap, women’s earnings grew from $63,000 to $130,000. When Should You Get Your MBA? There is no one right time to get your MBA, since each MBA applicant will have a different background and a unique set of professional and academic goals. However, you will certainly need to complete the GMAT or GRE before you can apply, since these test scores will be part of your application package. Beyond that, you might consider pursuing an MBA after gaining a little or a lot of experience in the workforce. According to U.S. News & World Report, in 2019: Full-time MBA students had an average of four years and three months of work experience before starting their studies Part-time MBA students worked for an average of six years and 10 months before returning to school Executive MBA students had career histories averaging 13 years and eight months prior to enrollment It all comes down to looking at where you are in your career now, where you want to be and how an MBA program could work for you, now and in the future. Investing in Your Future Starts at UMD. The return on investment in an MBA remains high, even as new developments and disruptions have changed the business landscape. Pair this with the fact that universities like UMD are offering flexible online MBA programs that allow students to work while learning, and you can see the enormous value of a modern MBA. Prospective MBA applicants can learn more about UMD’s Online MBA program by connecting with an enrollment advisor.   Recommended Readings: UMD Online Master of Business Administration Habits for Strong Leaders Going Back to School Guide MBA vs. CFA: What Should You Get?   Sources: Bloomberg, In a Handful of Industries, Companies Still Fund Employee MBAs Wall Street Journal, Looking to Double Your Salary? Try an MBA U.S. News & World Report, How Much Work Experience Do I Need for MBA Programs? Questions? Let's Connect. Get More Info Get More Information. The Smith Difference is designed to bring your career goals within reach with our personalized resources and quality education. X Get Program Details This will only take a moment. X
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Result 30
TitleFull-time MBA | Foster School of Business
Urlhttps://foster.uw.edu/academics/degree-programs/full-time-mba/
DescriptionFoster's nationally ranked Full-time MBA degree can take your career to the next level. The Full-time MBA Program gives you the power to design your future
Date
Organic Position29
H1Full-time MBA
H2Transform your career in a vibrant city
Tight-knit student community and alumni network
Create an online application profile & apply today
Upcoming admissions events
Sign up to receive the latest Full-time MBA news
Meet Full-Time MBA students
Recent Full-time MBA blog posts
H3Be boundless
H2WithAnchorsTransform your career in a vibrant city
Tight-knit student community and alumni network
Create an online application profile & apply today
Upcoming admissions events
Sign up to receive the latest Full-time MBA news
Meet Full-Time MBA students
Recent Full-time MBA blog posts
BodyFull-time MBA Take your career to the next level with a Foster Full-time MBA degree. The two-year Foster Full-time MBA Program experience in Seattle gives you the curriculum, faculty, career support, and network to shape your future. The ROI of a Foster MBA goes beyond career and financial outcomes, positioning you to lead with impact. 97%Job placement rate (class of 2021) #4research ranking globally (Financial Times 2021) #22Best Business Schools ranking (U.S. News & World Report 2022) Transform your career in a vibrant city. The Foster School of Business is located in Seattle, which is home to a thriving business community, from Amazon, Microsoft, T-Mobile, and Starbucks, to start-ups. The strong connection between city and school results in cutting edge curriculum taught by world class faculty and industry leaders, with a wide range of hands-on learning opportunities like internships and consulting projects. With its dedicated Career Management office, and close ties to iconic companies, the Foster Full-time MBA Program has one of the highest job placement rates in the country. Tight-knit student community and alumni network. As part of the Foster community, you will join a talented cohort, meet with business leaders, and become part of a supportive alumni community that benefits from ongoing learning and connectedness. Teamwork and peer support is the foundation for every aspect of the Foster MBA program experience. We intentionally keep our program small and centered on teams to enable students to build collaborative relationships that generate superior business solutions through an open exchange of ideas and diverse perspectives. Learn about Foster’s unique culture and community Create an online application profile & apply today. Application resources for prospective students: Application deadlines Admissions requirements Connect with an admissions counselor Watch application workshop videos Apply now Upcoming admissions events. Admissions events Sign up to receive the latest Full-time MBA news. Meet Full-Time MBA students. Incoming BCG Consultant and Full-time MBA student Jay Patacsil describes Foster’s tight knit community and how it allows him to be authentic and create impact. Recent Full-time MBA blog posts. November 26, 2021 Student Profiles: Honoring Filipino American History Month at Foster, Part 3 Filipino American Heritage Month runs during the month of October. It commemorates the first recorded presence of Filipinos in the… November 26, 2021 Student Profiles: Honoring Filipino American History Month at Foster, Part 2 Filipino American Heritage Month runs during the month of October. It commemorates the first recorded presence of Filipinos in the… November 26, 2021 Student Profiles: Honoring Filipino American History Month at Foster, Part 1 Filipino American Heritage Month runs during the month of October. It commemorates the first recorded presence of Filipinos in the… November 22, 2021 Setting the Boat for World-class Coaching and Teamwork Our Full-time MBA Fritzky Leadership Fellows came together on a cloudy September day in Seattle to row on Lake Union,… November 16, 2021 THE ROI OF AN MBA IS MAKING NEWS, AND FOSTER IS IN THE LEDE Poets&Quants looked at a recent analysis of the ROI on an MBA done by The Wall Street Journal and applied… October 15, 2021 Student Profiles: Honoring Hispanic Heritage Month at Foster, Part 4 In commemoration of Hispanic Heritage month, we are profiling Foster MBA students and asking them to share the importance of… Read more stories Connect with Us University of Washington Be boundless. Connect with Foster: © 2022 Foster School of Business, University of Washington | Seattle, WA
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Result 31
TitleIs An MBA Worth It? Costs, Risks and Opportunities – Forbes Advisor
Urlhttps://www.forbes.com/advisor/student-loans/is-an-mba-worth-it/
DescriptionAn MBA can offer higher income or better career prospects, but results vary based on the industry and other factors. Here's how to decide if an MBA is worth it
DateNov 9, 2021
Organic Position30
H1Is An MBA Worth It? Costs, Risks and Opportunities
H2What to Know About Earning an MBA Degree
Benefits of MBA degree
Drawbacks of an MBA Degree
Alternatives to MBA Degrees
Compare Student Loan Rates In Minutes
Is an MBA Worth It?
H3What Typical MBA Programs Entail
Time to Earn Degree
Costs of MBA Programs
Earnings
Career Prospects
Professional Networking
Expense
Lack of Necessity
Not All Programs Are Viewed the Same
Mini MBAs
Certifications
Professional Association Memberships
H2WithAnchorsWhat to Know About Earning an MBA Degree
Benefits of MBA degree
Drawbacks of an MBA Degree
Alternatives to MBA Degrees
Compare Student Loan Rates In Minutes
Is an MBA Worth It?
BodyIs An MBA Worth It? Costs, Risks and Opportunities Kat Tretina,  Alicia Hahn Contributor,  Editor Published: Nov 9, 2021, 5:33am Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Getty What if there was a way to boost your earning potential by $3 million or more in your lifetime? While that may sound like a pipe dream, it could be achievable. According to a 2021 survey by the Graduate Management Admission Council (GMAC), individuals that have master’s of business administration (MBA) degrees are projected to earn $3 million more over a span of 35 years than those with bachelor’s degrees. But not everyone with an MBA will have an increased income or better career prospects. It’s completely dependent on variables like the selected field, the university issuing the degree and the cost of the program. Is an MBA worth it? The answer is based on your unique situation but here are some things to consider. What to Know About Earning an MBA Degree. Attending business school is a common choice. But MBA programs are selective and, if you are accepted, the programs are rigorous. Before forking over your money, there are a few things you should know about MBAs. What Typical MBA Programs Entail. MBA programs are usually very time- and labor-intensive. If you’re enrolled in a traditional two-year program, the first year can be overwhelming. You’ll cover core subjects like finance, accounting, organizational behavior, economics and marketing. You may complete some electives to narrow your focus. Many business school students aggressively pursue summer business associate programs. They can pay quite well, and they may lead to full-time positions. These programs can be highly competitive, and the application process can start almost immediately after your first year as an MBA student begins. The second year of an MBA program is usually less intensive, but it usually involves many electives in your area of specialization. It allows for a great deal of professional networking and development, helping you secure a job after earning a degree. Time to Earn Degree. Most MBA programs take two years if you attend full time. There are accelerated programs that can take less—usually about 12 months. Executive MBA programs, where students work and attend classes in the evenings or weekends, can take much longer. Costs of MBA Programs. Top schools ranged in cost from about $55,000 to over $161,000 for two-year programs in 2021. Factors impacting cost include location, prestige and whether the school is public or private. For example, Stanford University is the top-ranked business school for 2021. Its annual cost was $74,706, or more than $147,000 for its entire program. But attending a public school with discounts for in-state residents could lower costs significantly. Benefits of MBA degree. If you’re considering going to business school, you may be wondering if getting an MBA is worth it. Here are some potential advantages to getting an MBA. Earnings. According to GMAC, employers planned to offer a median base salary of $115,000 for new MBA hires in 2021, compared to a median of $65,000 for those with bachelor’s degrees. Moreover, many companies that hire new MBAs in the U.S. offer signing bonuses. The median signing bonus is $10,500—a significant benefit. Career Prospects. People with MBAs have an increased potential for career advancement. The outlook for management positions is expected to grow by about 9% by 2030, according to the Bureau of Labor Statistics. MBAs can be put on the fast track to promotions in many different fields, including accounting and marketing. Professional Networking. Networking is a significant and lasting benefit of business school. During your time as a student, you’ll meet many other like-minded professionals. After you graduate, you also can tap into your school’s alumni network. With so many business dealings relying on personal connections, this can be a major advantage to an MBA. Drawbacks of an MBA Degree. While an MBA can be helpful in the careers of many people, they’re not necessary—or even beneficial—for everyone. Here are some drawbacks to keep in mind. Expense. Because the cost of an MBA can be well into the six figures, paying for a graduate program can be challenging. You’ll likely need to use student loans to cover at least some of the cost. Graduate school loans can have high interest rates, and going into debt can be a heavy burden. Lack of Necessity. Not all fields require MBAs to progress in your career. While an MBA can be especially useful if you’re working in finance for a major firm, other fields such as marketing or working in the nonprofit sector may not see as much of an income boost with an MBA. Instead, it can more so add to your student loan debt. Not All Programs Are Viewed the Same. Interest in online MBA programs is high, especially after the pandemic forced students and employees to work remotely. Still, there are some companies that give a higher regard to in-person learning. The majority of corporate recruiters view online MBA programs with skepticism. According to the GMAC survey, only 34% of respondents agreed that their organization values both graduates of online and in-person programs the same. If you’re hoping to work at a major organization or in a highly competitive industry, you may need to shell out top dollar for a prestigious program. Alternatives to MBA Degrees. If you’re looking to switch careers or obtain a promotion, an MBA isn’t the only option. There are other pathways that may be effective: Mini MBAs. While it’s not a total replacement for traditional MBA programs, a mini (or micro) MBA can be a good choice for someone looking to broaden their skills and build their professional networks. In a mini MBA program, you can complete the coursework in under a year. They’re not as intensive or in-depth as traditional MBAs, but the programs can give you a solid overview of foundational business subjects at a lower cost. Certifications. If you want a new career or to boost your credentials, another option is to earn a certification instead of a full degree. You might be surprised at the specific types of certifications available for your industry. For example: Chartered Financial Analyst (CFA): A CFA is a distinction granted by the CFA Institute to financial analysts after they successfully pass exams on economics, ethics and accounting. Lean Six Sigma: Lean Six Sigma is a method of reducing waste, improving performance and increasing efficiency in business. There are multiple certifications that can be earned, with a Lean Six Sigma Black Belt being the most advanced credential available. Professional Association Memberships. Joining a professional association, such as the Public Relations Society of America or the American Accounting Association, can be a worthwhile investment. Membership fees are much cheaper than business school, and you can network with professionals in your industry and attend conferences to establish new professional connections. Compare Student Loan Rates In Minutes. Compare rates from participating lenders via Credible.com Compare Rates Is an MBA Worth It? There’s no one right answer for everyone in knowing whether an MBA is worth it. However, 87% of MBA alumni reported a positive return on investment, so it could be the tool you need to accelerate your career and increase your salary. Before turning over your hard-earned money, research the degree requirements for your target level and talk to experienced professionals in the industry you desire to see what kind of education they consider to be necessary for advancement. Was this article helpful? Share your feedback Send feedback to the editorial team Thank You for your feedback! Something went wrong. Please try again later. Best Of Best Private Student Loans 2021 Best Student Loan Refinance Lenders Best Student Loans for Bad Credit Best Student Loans Without Co-Signer Best Parent Student Loans Best Graduate Student Loans Best International Student Loans Calculator Student Loan Calculator Student Loan Refinance Calculator Student Loan Forbearance Calculator Guides to FAFSA What Is The FAFSA ? Applying Financial Aid Using The FAFSA When Is The FAFSA Deadline ? Answers To Biggest FAFSA Questions FAFSA Mistakes To Avoid Guide To Hassle-Free FAFSA Renewal How To Correct Or Change Your FAFSA Student Loan Basics How To Apply For Federal & Private Student Loans How To Get A Private Student Loan How To Get A Student Loan Without Co-Signer How To Refinance Student Loans How To Pay Off Student Loan Debt How To Qualify For Student Loan Forbearance How To Recover From Student Loan Default More from . How To Get A Letter Of Recommendation For Graduate School By Zina Kumok Contributor Private Student Loan Forgiveness Doesn’t Exist, But Try These Alternatives By Kat Tretina Contributor Do You Have To Pay Back Financial Aid? By Dori Zinn Contributor 2022 Student Loan Forecast: Federal Payments Likely To Resume After Years Of Forbearance By Alicia Hahn Editor Best Nursing School Loans Of January 2022 By Brianna McGurran Editor Best Student Loan Refinancing Lenders For Parents Of January 2022 By Brianna McGurran Editor Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. Kat Tretina Contributor Kat Tretina is a freelance writer based in Orlando, FL. She specializes in helping people finance their education and manage debt. Alicia Hahn Editor The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. This compensation comes from two main sources. First, we provide paid placements to advertisers to present their offers. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. 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