In today’s world, the Master’s in Business Administration is one of the best degrees a person can have. The fields that most Master’s in Business Administration (MBA) graduates go into are at least average growing jobs, if not faster than average growing fields, according to the Bureau of Labor Statistics. In essence, having an MBA means that you have mastered business practices and have all the knowledge and skill sets to be successful in that arena. Since the United States is a capitalist country, there will always be a demand for people that know all the ins and outs of the business world.
Why people get an MBA
Most MBA’s entered their studies with one goal in mind: to be successful and increase their abilities to earn a high salary. In the modern world, money makes the world go round, and MBAs want as much of it as they can get- and who can blame them? People that have an MBA earn a substantial amount more on average than other low-level employees and employees that do not have an MBA in the business field.
What is possible with an MBA?
Usually an MBA is required for senior level and management positions in the business field, so most MBA graduates tend to enter the realm of business management or even business ownership. Odds are, if you work in a business of some kind, your boss has an MBA- or your boss’ boss has an MBA. The interesting thing is that since the skills and education that comes with an MBA is so versatile, an MBA graduate can pretty much enter any sector or industry in the world and still be successful and relevant to their skills.
Different types of MBA degrees
There are a host of options available to MBA students in terms of degree choices. Since the degrees are so versatile, it does not really matter which specialization they focus on, but it does help if they have a specific career path in mind prior to graduation. Most MBA students tend to combine a couple of the degrees into one cumulative study and degree. Here are the different MBAs offered at most schools:
- Business Management
- E-Business or E-Commerce
- Global Management
- Human Resources Management
- Information Systems
- Operations Management
- Strategic and Risk Management
- Technology Management
The importance of choosing the right school for an MBA
The educational criteria for most business schools does not vary much from school to school, and because of this the prestige of the school you got an MBA from holds a lot of weight in the business world. In the business world, you are worth your reputation, and thus being successful at a prestigious and respected school tends to put you heads and shoulders above the competition when entering the job market with an MBA degree. The most prestigious business schools are Harvard, the Kellogg School of Management and the Wharton Business School, among many others.
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