What is An MBA?
mba program overview
an mba (master of business administration) is a graduate level degree that is usually completed in two years. it offers a combination of application, knowledge, analysis, and evaluation skills that are essential in the success of business. an mba degree is a great way to explore your interests and skills because you will have a chance to study a variety of business courses. these include courses in economics, accounting, business ethics, finance, human resources, marketing, operations, labor relations, law, management and organizational statistics, behavior, and strategy.
this program is available with specific focus in some specializations. alternatively students may pursue a general mba degree. some of the concentrations popular among students are:
human resources management - deals with issues related to the performance of employees such as absenteeism, and focuses on ways to enhance productivity.
marketing - includes all strategies related to product promotion and analyzes the importance of market growth, market segmentation, and the role of competitors.
accounting and finance - involves the management of cash flows of a business, and interacting with clients to explain financial trends and decisions. other areas include operations management, leadership, and project management.
the job market has become really competitive and challenging, so it may be a difficult decision to give up your existing job even if it is being done for pursuing advanced education. on the other hand, many individuals simply cannot afford to get by without a steady source of income. one way to help decide this dilemma is to enroll in an online mba degree program. online education allows you to continue with your full time job and study for your degree after work hours or during lunch breaks. distance learning may be more effective as students are able to review course material several times and advance through coursework at their own pace.
applicants will have to take the graduate management admission test (gmat). this comprises of three sections - quantitative, verbal and analytical writing - and presents a uniform measure for evaluating students. graduate record examination (gre) scores are also accepted by some schools. if english is your second language, you will have to take a proficiency test such as the test of english as a foreign language (toefl) or international english language testing system (ielts) to demonstrate your ability to communicate effectively. work experience of 2 to 5 years is preferred but not required. top schools consider applicants holistically; students are evaluated not only on the basis of their intellectual ability, leadership potential, and academic performance, but also on factors such as experience, background, values, and perspectives. applicants must also submit recommendation letters and essays reflecting their personal perspectives.
this degree is highly rewarding in terms of personal and professional growth, and has great financial value. it will help to make you eligible for a position in almost any organization. this degree is often essential for managerial and executive level jobs in human resources, finance, and marketing departments. graduates could find employment with national and international corporations, government agencies, non-profit organizations; and graduates may even choose to set up their own businesses.
Q:How long does it take to get a mba degree?
A:The duration on an MBA degree will depend upon the institute you enroll in. Typically, the duration of this program is two years. However, some schools are offering accelerated MBA degrees that can be completed in less than two years. The program is aimed at providing individuals with thorough knowledge of business administration and management skills.
Q:How much do executive mba programs cost?
A:The cost of an Executive MBA degree will vary from college to college. The fee will depend upon the school, its rankings, services, and other factors. You can search online and individually check with each college to learn about the tuition fee. Some colleges may also be offering financial assistance to students in need.