You'll be assessed through exams, essays and group activities. You'll learn how to carry out operational management, develop a marketing strategy, do strategic planning, lead a team, and read and assess financial reports. Many courses also offer opportunities for work placements and studying abroad.
An MBA is an advanced programme that differs from other postgraduate courses in that it develops the skills you've gained through professional experience, as opposed to building on your academic knowledge as most Masters degrees do. An MBA is not an entry-level business qualification. It is usually taken by professionals who have gained at least three years of business and management experience since graduating from undergraduate study.
The average age of students on top-ranking MBA courses is typically between 27 and This means you'll be studying alongside fellow business people who can share their insights. Consider taking an MBA when you feel you're ready to take the next step in your career, whether that means progressing with your current employer or moving elsewhere. Executive MBAs are generally studied by more senior managers and the minimum required level of experience can be up to ten years. Here are some examples of current MBA course fees to give you an idea of what to expect:.
Fees for home and international students are often the same, though sometimes overseas non-European Union students will have to pay more. Don't automatically go for the cheapest option to save money or for the most expensive on the assumption it must be the best.
You need to think about several factors to find the right MBA for you, such as location, course content and staff expertise. Different MBA courses will have strengths in different areas of business and management. The next most popular method is employer sponsorship, followed by loans and finally scholarships. Get more information on funding an MBA. With the high cost of courses, it's important to see a return on your investment.
An MBA can often lead to a promotion, increased earnings or a career change. MBAs are known and respected globally, so if you're interested in working abroad then the qualification will be beneficial - particularly as UK business schools are so well regarded.
An MBA can also help you to specialise in your current sector or a new industry you want to move into. Often, the majority of students on MBA courses will be international, giving you a unique chance to network with business people from diverse backgrounds - opening up an array of potential career opportunities.
However, given the cost and the requirement to have a number of years' work experience before taking an MBA, the decision to apply shouldn't be taken lightly. Think hard about whether you could achieve your goals without taking the course, or by opting for a different postgraduate course.
It may be helpful to ask your employer what advantage an MBA might give you on your current career trajectory. For a general MBA, you'll typically need at least a undergraduate degree, although a is sometimes accepted.
If you don't have a degree, you may be able to get a place if you have extensive and exceptional professional experience. Business schools will often expect you to have three years of relevant post-graduation work experience as a minimum, increasing to between five and ten years for executive MBAs. Winning a place on an MBA is a competitive process as class sizes are kept relatively small, especially at the top business schools.
The strength of your application is therefore vital if you want to succeed. UMass Dartmouth offers MBA candidates a choice of 10 concentrations: accounting, business analytics , finance, marketing, leadership, supply chain management and information systems, environmental policy, health systems management, international business, and public management. Students may also create their own concentration by selecting approved electives as their focus area; these classes must total nine elective credits.
UMass Dartmouth offers a variety of relevant electives in special interest areas, such as international financial management; interactive marketing; and leading, motivating, and empowering others. With a focus on developing management skills for the global business environment, this capstone course prompts students to explore competition among businesses and consider strategies for improving operations in a growing international market.
The capstone requires students to formulate and implement a strategic plan of their own design. The length of time it takes to get an MBA depends on many factors. An accelerated schedule allows you to graduate faster than a part-time program, for example, but this also depends on what options are available at a particular school. Some programs offer students the opportunity to take more than one class at a time, while others may have strict mandates about the maximum course load taken each semester.
When choosing an MBA, students should select a program that matches their particular scheduling needs. Full-time MBAs are exactly what they sound like: a full-time commitment.
While it may not be possible for everyone to devote the time and money necessary to complete a two-year program full time, this traditional option lets students explore a concentration fully and participate in a corporate internship to gain ample field experience.
Part-time MBAs are one of several options created to meet the needs of working professionals. Classes are typically held once a week. They may be held on or off campus and in the evening or on weekends.
While part-time programs take longer to complete than a full-time MBA, this option can be convenient for those in close proximity to a campus or education center who want to advance their career while maintaining professional and personal commitments. Many online MBAs are also offered on an accelerated schedule, allowing students to maintain work and family obligations and still graduate in less than two years.
As with any online program, availability varies from state to state — be sure to check with your school about online options before you commit. The hybrid MBA offers a combination of online and on-campus study. Many hybrid or blended programs offer the majority of coursework online and require minimal campus visits to supplement online classes. Others include equal parts of in-person and online learning sessions throughout the program.
This type of MBA may be well-suited for students in close proximity to a campus location who prefer diverse learning methods and appreciate both independent and group study. The executive MBA is geared toward mid-career business professionals with roughly 10 years of experience in the industry. Compared to a traditional MBA, which lays a foundation in a variety of general business concepts, the executive track cuts right to the chase for workers looking for a fast track to improving their existing business, starting a new one, or advancing their entrepreneurial skills.
Classes typically accommodate students with full-time jobs, and programs are faster paced and require less optional electives than a traditional MBA. The accelerated MBA is exactly that — accelerated.
While there are plenty of accelerated MBAs offered on campus, some are also offered online, allowing students the dual convenience of a fast-track program that can be completed from the comfort of their home.
Accelerated programs go a step beyond full-time study to concentrate a curriculum into a shorter version of the traditional MBA.
This is typically done through longer bi- or tri-weekly intensives instead of shorter courses offered once a week. Some accelerated programs can be completed in as little as one year. Similar to the executive MBA but for a slightly different demographic, the professional MBA caters to early-career business owners and executives with less than 10 years of experience in the field. Like the executive MBA, professional MBAs are generally offered as part-time programs, with courses available in the evenings or on weekends to accommodate full-time work schedules.
Because the degree is geared toward business professionals in the early stages of their careers, the curriculum of a professional MBA requires additional foundations courses and electives compared to the executive program.
Though every school has its own approach to the global MBA, this degree is similar to a foreign exchange program for business-minded grad students. Global MBA cohorts tend to be relatively small in size, made up of a carefully chosen group of both domestic and international students interested in incorporating global business concepts into their core MBA curriculum.
The global MBA is well-suited for students seeking a worldly perspective on business and commerce and provides ample study-abroad opportunities during the program. The modular MBA is a fully customizable option for experienced business professionals. Like professional and executive MBAs, the modular MBA assumes students have a minimum amount of basic knowledge in fundamental business concepts, and it does not require as many electives as a traditional MBA.
The modular MBA typically convenes infrequently, offering several modules in a particular topic simultaneously, such as finance or management. It allows students to handpick modules and courses to build their own curriculum from the ground up. This option may be especially convenient for students interested in mastering business administration skills for a career in public policy, criminal justice, or healthcare.
While the dual MBA may not compare to the highly immersive curriculum of a standalone, business-oriented MBA, it does allow students to earn graduate-level credentials in two specialized disciplines in roughly the same period of time as a single degree and often for a discounted price. MBA certificates are available in specialized areas of business and management; these are often used to supplement a graduate degree.
While not required as part of an MBA program, earning a certificate in a subject like finance, data analytics, or even entrepreneurship can provide students with a highly specialized credential. Certificates can also be useful during the job hunt after graduation. MBA certificates typically include some of the same coursework as a full MBA and are available to both pre-MBA undergraduates and experienced professionals. Online MBA programs offer a flexible path to a prestigious professional degree.
Explore opportunities with this guide to the top-ranked U. Accelerated MBA programs help working professionals advance their careers without leaving work. Learn more about the top accelerated online MBA programs. Earning an MBA should increase graduates' purchasing power, not cost them an arm and a leg. Learn more about the most affordable online MBA programs and how to apply. View schools and degrees from across the country.
Find the right program to advance your career. Are you ready to discover your MBA program? Collapse All Expand All. Senior Accountant. Chief Financial Officer. They are given an initial orientation of all aspects of the organisation and are then given specific general management responsibilities. Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house.
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