It has been said that you can never have enough education. This is a fundamentally true statement since education can always be used to improve a person’s life. This is commonly achieved through advancing in one’s profession and increasing earning potential. One of the most commonly sought advanced degrees to arrive at these goals is through the acquisition of a Masters of Business Administration (MBA). An MBA is a graduate degree in business and it can focus on a number of different majors. These majors include finance, accounting, BCIS, management, marketing, and other disciplines. It is also one of the most popular graduate degrees students seek because it can greatly expand a person’s ability to be attractive in the job market.
This is because professionals – both in the public and private sector – have a business component. As such, no matter what you undergraduate degree may be or what field you work in, an MBA can greatly help you expand your professional options. Of course, it will also aid in your ability to perform on the job. For example, a person with a formal graduate level education in management will surely develop unique insights in the discipline. This insight will then translate into enhanced performance on the job.
Those interested in an MBA will need to attend a University or college that offers an accredited MBA course program. The Association to Advance Collegiate Schools of Business (AACSB) and the Association of Collegiate Business Schools and Programs (ACBSP) are the two main accrediting bodies in the United States. Granted, each and every school is different and some MBA programs will be better than others. However, as long as the school is accredited, the school’s MBA course or study will be a quality one.
There are two main requirements for admission to an MBA course program. The first, obviously, is having completed an undergraduate degree. Does this undergraduate degree have to be in business? No, it can be from any discipline. The second pre-requisite is taking the GMAT test. This test is like the SAT and it gauges an individual’s potential aptitude for success in a graduate business program.
In regards to what you will learn in an MBA course, this will vary based upon the major. BCIS will deal with information systems; finance deals with the value of money over time; management deals with overseeing operations and personnel; marketing deals with sales and promotions; etc. Then, there are subcategories within an MBA course. Finance, for example, can be further specialized into forecasting, financial accounting, stock broking, etc.
The duration it takes to complete and MBA is based on a number of factors. If your undergraduate degree was not in a business major, you will probably be required to take a number of prerequisite courses that could add a full year to the MBA course of study. Then, the volume of credits you take per semester will play a role in it as well. Someone attending full-time will graduate faster than someone attending part-time.
In terms of job prospects after graduating, really, the whole spectrum of employment is open. An MBA opens a great many opportunities since it can potentially open doors in virtually any business. As such, it is safe to say procuring an MBA may prove to be a wise educational pursuit.