An MBA is a highly sought after degree for students looking to gain a head start in the business world, with courses in finance, leadership, marketing, and economics. Completing an MBA takes approximately two to three years, with admission requirements including the GMAT and work experience. Executive MBA programs are available for those with extensive business experience.
A Master of Business Administration (MBA) is a master’s degree awarded by many accredited universities around the world. It is a highly sought after degree for enterprising students looking to gain a head start in the business world in a variety of different markets and corporations. The program is designed to develop a person’s skills in many areas of business, providing them with extremely broad knowledge as well as acute skills. Courses in finance, leadership, organizational behavior, marketing, management, government, and economics are some of the required courses typically found in an MBA curriculum. Elective courses offer a person the opportunity to develop specialized skills, such as a concentration in the healthcare business.
Completing an MBA in the United States takes approximately two to three years after obtaining a bachelor’s degree. The expected time to complete this course is a little shorter in most European countries. Subordinate degrees are typically not required to be accepted into a program, but many students begin their academic careers with an MBA in mind. Many schools offer MBA programs along with other academic fields, and some only focus on business degrees.
Although universities offering MBA programs have their own specific admission requirements, generally, before a person is accepted into the program, he or she must do well on the GMAT (Graduate Management Admission Test). Other common requirements include work experience related to business administration, involvement in extracurricular and community activities, and a basic understanding of business terminology.
For people who have already started their careers in the business world, including rising executives who want to earn an MBA, many schools offer special programs that differ slightly from the typical curriculum. The Executive MBA is a part-time program designed for those who already have extensive business experience. Working around their careers, students in this program have the opportunity to share their practical business experience with others, as well as immediately and directly apply their academic work to their careers.
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