Acquiring an MBA degree offers you leverage not only in your job title and dictated salary, but evidence also points to an MBA giving you leverage in balancing your work life and life. private. The Master of Business Administration originated in the United States in the late 19th century as the nation further industrialized and business owners sought much more scientific methods of managing their interests. It wasn’t until 1950 that any country outside of the US offered MBA programs.
The primary courses in the Master of Business Administration degree are accredited to ensure the consistency and quality associated with graduate-level education. Courses for a Master of Business Administration are made to teach college students in a variety of areas including: finance, marketing, human resources, operations management, organizational behavior, project management, entrepreneurship, real estate, and strategy. , as well as international business. . You can certainly find a great MBA program that suits men and women from almost all walks of life in full-time, part-time, and even distance learning settings.
Typically, most MBA programs offer you a full-time 2-year MBA which, in most cases, lasts around 18 months. Many additionally offer an accelerated MBA to be completed in even less time by offering higher course loads and even more intense class schedules and exams with much less make-up time between semesters and also during the program. These do not include 3-month summer vacations and only 7-10 days off between semesters. Part-time MBA programs provide opportunities for evening and weekend classes and often require 3 or more years for individuals to complete; however, they are ideal for those students who work full time.
Some other MBA programs offer an Executive Master of Business Administration. They are known as EMBAs and meet the requirements of managers and executives and tend to be designed to be completed in two years or less. Participants in the EMBA program would come from for-profit, non-profit, government, and industry individuals and these students typically have longer work experiences, typically at least 10 years. For college students who live too far away to attend classes on campus or want a more flexible schedule, many programs offer an MBA through distance learning. Course work for these types of programs could be completed through correspondence by mail or online instruction. There are even some programs that will offer a dual MBA through which participants can further specialize to better meet their individual preferences.
Admission criteria to a good MBA program are commonly based on GMAT (Graduate Management Admission Test) scores, work experience, academic transcripts, essays, references, as well as letters of reference and private interviews. Some programs accept the GRE bba (Graduate Record Examination) test instead of the GMAT. Most schools also look at their extracurricular activities and community service, as well as how the student can easily enhance the diversity of the school and develop the student body as a whole.
Some schools place less importance on GMAT or GRE scores. However, the requirements for a Master of Business Administration typically include a student having a BBA – Bachelor of Business Administration and then completing a further 36-50 credit hours of master’s level work and often includes participation in an internship.
Many of us who pursue an MBA degree do so to provide much better financial security for their spouse and children. An MBA will typically increase earning potential by $10,000 to $30,000 above that of a BBA degree. How much you are able to earn with your MBA also depends on the degree of work experience, the reputation of your graduate school, the type of job you are looking for, the degree of demand and supply of workers along with the area. from work However, the average cost of an MBA is $40,000 and can be as much as $100,000.