MBA courses include organizational behavior, accounting and quantitative analysis.
A master's of business administration, or MBA, is a type of graduate degree. An MBA focuses on specific areas of business, including finance, management, marketing and business strategy. Typically, an MBA degree takes two years to complete. However, it may take longer for students attending graduate school part-time and for those enrolled in combination bachelor-and-MBA programs and pursuing dual MBA and graduate school programs. Obtaining an MBA has many advantages.
Changing Careers
One advantage of an MBA degree is for individuals interested in changing careers. MBA programs train students in specific areas of business. For instance, students no longer interested in working as a clerk in a bank can pursue an MBA degree with a focus on finances and become a financial adviser. In addition to changing careers, an MBA provides people with the flexibility of working for an employer or owning their own businesses. According to the All Business Schools website, earning an MBA provides students with all the skills they need to start their own business, from writing a business plan to acquiring venture capital to launching an IPO.
Improving Employment Opportunities
For people already in business---or in an industry with management potential---who are interested in climbing up the corporate ladder, an MBA can help them move into executive or management positions in their companies. Graduates of MBA programs add knowledge of do the job along with the expertise they already have. For instance, a computer support specialist looking to enter a high-level job can choose an MBA program with a concentration in computer information systems and become a computer systems analyst, according to the Degree Directory website.
Obtaining Expertise
Another advantage of an MBA is obtaining expertise in a career field. The two-year graduate degree can teach students complex aspects of business that others may not know. This means that graduate students have the ability to help others save for their future, understand business laws and manage their companies.
Earning More Money
Granted, people may decide their careers based on the love or interest of what they want to do. However, obtaining an MBA degree does not hurt potential growth in salaries. According to All Business Schools, as of 2010, people with bachelor of arts degrees in their career fields earned approximately $57,311 a year, whereas those who pursue an MBA earn about $27,000 more a year. This means that acquiring an MBA may increase the yearly amount of money earned.
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