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Master of Business Administration (MBA)

A Master of Business Administration (MBA) is a degree that is granted after one or two years of graduate level study. MBA programs provide training in the theory and practice of business management. Those with a MBA are typically able to advance their career and command higher salaries.

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There are several types of Master of Business Administration programs. There are generalized programs and specialized programs. The specialized programs are usually longer but they make the graduate more marketable. Regardless of what type of program, there are several core topics that will be covered:

  • Economics
  • Marketing
  • Accounting
  • Analysis
  • Organizational Behavior

A specialized degree will include specialization in one of the above categories.

A Master of Business Administration offers several benefits for a graduate. These include:

Increase in business knowledge

An MBA program will provide a valuable education about business strategies and concepts. Training and an internship will also provide the graduate with practical experience.

Leadership abilities

An MBA program provides group training and projects. These will give the graduate experience practicing leadership skills (and soft skills).

Networking

The contacts that a MBA graduate forms with classmates and professors are one of the most valuable assets that an MBA program can provide.

Increase in salary

A Master of Business Administration degree can be worth $30,000 a year over a bachelor’s degree. Salary will also be affected by experience, the reputation of the graduate school, the demand for employees in the particular field, and the industry that the job is in.

 

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