A Master of Business Administration is a graduate degree awarded to business school students who complete a strenuous course of study in business theory and its application. MBA program admissions are among the most competitive of graduate school programs, with strict grade point average requirements. An MBA is mandatory for almost all senior level management positions at large companies.
What do you learn in an MBA program?
Some courses are standard in MBA programs. An MBA student can expect to take courses related to finance, analytic processes, micro economics and global business practices. As students progress through the curriculum, they can focus their study in a particular field of business. Many business schools have marketing, finance and entrepreneurial electives in the MBA curriculum, allowing students to tailor their education to fit their career goals.
Does the choice of school matter?
While MBA programs are standard, the value of a degree is based on the business school it is obtained from. Degrees from famous business schools carry more weight solely based on the prestige of the school. Those degrees also tend to be more expensive, but the price usually pays off due to the higher marketability of the MBA. Business schools around the globe recognize the value of the MBA education and the distinction it offers. Various publications rate business schools around the world every year, allowing potential students and employers to choose from the best available MBA programs.
MBA courses are available in a variety of formats. Traditionally, courses are taken in a classroom setting over a period of two years. Other options are also available for students who desire an MBA but don’t have the time to commit to a full time course of study. Online and part-time MBA programs are available through many business schools, making the MBA available to more people.
What kind of job can you get with an MBA?
An MBA is a business degree, so with it, most people choose a career in the corporate world. Entry level MBA jobs include middle management positions in large companies. Career prospects are better for MBA students who have management experience. In small companies and start-ups, MBA graduates often hold less glamorous positions with a faster track to advancement as the company grows. Other people choose to get an MBA because they either already own or plan to own a business.