Understanding the MBA Degree
Curated from: thoughtco.com
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Getting an MBA
An MBA (Master of Business Administration) is a postgraduate dgeree that is bestowed upon students who have mastered the study of business and who are looking forward to bigger career opportunities.
There are full time and part time programs that you can choose from according to your schedule and career goals.
MBA programs also offer the following:
- the traditional two-year program;
- the accelerated program (that you can finish in a year);
- and an executive MBA program (which is designed for business executives)
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Reasons to get an MBA
- Career advancement; and
- For a potential salary increase
Those are two main reasons why people get an MBA degree. MBA graduates are offered and are often eligible for jobs that university and highschool graduates are not qualified enough for.
In most cases, an MBA is required for executive and senior management positions. But, be mindful of your career goals before choosing a program to enroll in.
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What to do with an MBA degree
There is an abundance of MBA programs that offer education in general management along with a specialized curriculum.
This kind of education is relevant to all industries and sectors so regardless if you stay in the business field, having an MBA is valuable wherever you choose to end up in after graduation.
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MBA Concentrations
Various disciplines can be pursued and combined with an MBA degree and here are the most common MBA concentrations:
- Accounting
- Business Management
- E-business/E-commerce
- Economics
- Entrepreneurship
- Finance
- Global Management
- Human Resources Management
- Informations Systems
- Marketing
- Operations Management
- Strategic/Risk Management
- Technology Management
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MBA Academic Content and Costs, Is it worth it?
The academic content between business schools doesn't differ much from law schools or medical schools, they still learn to analyze big issues and develop solutions and apply what they've learned to real life situations.
The cost of getting an MBA degree can range from 50-70 thousand depending on the school and program you choose and this amount does not include financial aid yet, but some would tell you that the value of your MBA degree is often directly related to the prestige of the school that grants it.
There are many options to choose from so evaluate your goals and get that degree!
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IDEAS CURATED BY
"Yeah, I'm a thrill seeker, but crikey, education's the most important thing. " ~ Steve Irwin
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