Master of Business Administration (MBA) is a postgraduate degree that is awarded to students who have mastered the study of business. MBA programs are considered to be among the most prestigious ones in the world. Students of MBA programs study the theory and application of business and management principles. MBA programs equip students with knowledge that can be applied to a variety of real world business situations.
An MBA can add an extra competitive edge to any professional resume - whether you are coming directly from an undergraduate degree or are a working professional. MBA programs in International Business, MBA programs in HR, MBA programs in Finance, MBA programs in Management, MBA programs in IT, MBA programs in Marketing and many more are applicable to a variety of business areas. MBA programs will benefit professionals seeking employment in the public, non-profit and private sectors, or even business ownership.
The variety of different MBA programs can be overwhelming - don't let it stop you! Start your search by looking at the most popular MBA programs listed below.
An MBA teaches primarily the quantitative skills required for management positions, such as accounting, finance, marketing, statistics, project management, operations research techniques, analytical decision making, and human resources. Some MBA programs specialize in a particular area, for example Finance, IT or International Business, while others are more general. Many students outside of the business profession pursue an MBA because it gives them the skills to move into management positions in their original field. For example, many engineers choose an MBA instead of a technical masters because they become interested in management after honing their technical skills for a few years.
The ability to command a higher salary is the most visible reason to take an MBA program. A 2012 study by Forbes reported that full-time students typically found jobs after graduation that paid 50 percent higher than their earnings before they entered school. Another study of schools in Virginia found that, 18 months after graduation, the median wages for MBA graduates was about twice that of graduates with a bachelor’s degree in business.
In addition to increased earnings, taking an MBA has other benefits, such as:
There are hundreds of MBA programs, so before you pick one, think about your goals, interests, and your lifestyle. If your goals and interests are focused in one area, such as finance, entrepreneurship, or international business, you may want to pursue a specialized program. Your lifestyle will also help you decide whether you want to attend school full time, part time, or pursue an online or distance learning course of study.
Here are some additional things to consider as you choose an MBA program:
The career opportunities with an MBA are nearly endless. Some graduates choose to remain in traditional businesses within a specific industry, while others may want to change industries or use their skills to start up their own company. Many local, state, and federal government employees also find that an MBA provides the skills they need to move into higher-level positions and even move from one government agency to another. Non-profit organizations always need people who are both passionate and know how to run things. No matter what you choose to do, you’ll put your MBA skills to good use!