Master of Business
A Master of Business Administration (MBA) can be a smart move for business professionals who would like to advance into upper management at their organization, and who would like to earn a credential that could set them apart from their peers. Most students who set out to pursue an MBA have already logged significant experience in the business world, and have a better idea of the career path they would like to pursue than they did after completing their undergraduate. Earning an MBA online or through a brick-and-mortar school allows students to broaden the depth of their knowledge in that particular area through the pursuit of an MBA specialization.
Aside from providing an opportunity to specialize, earning an MBA is also an opportunity to gain new skills and polish old skills. Various courses can teach you strategies for analyzing an organization’s finances, valuing a company, or negotiating business deals. By examining real-world case studies of the complex problems that different organizations face, MBA students learn how to apply business and leadership principles to their own organization, no matter the industry.
Since most MBA students are working adults, online masters degree programs in business administration have never been more essential. Asynchronous course delivery allows students to log in to their MBA courses at a time of day that best fits their schedule, and helps students pursue a graduate degree without putting their career on hold or neglecting their family obligations. At the same time, students still participate in class discussions and challenging group projects.
What Kinds of Courses Do You Take in a Master of Business Administration?
The types of courses you take in a Master of Business Administration degree program will vary greatly depending on the business school you choose and the specialization you select. Students often take courses in Managerial Finance, Strategic Marketing, Operations Management, Organizational Leadership, Quantitative Analysis, and Managerial Accounting. MBA specializations at different schools include supply chain management, project management, healthcare management, finance, international business, sustainability, and information technology management. Specialization courses are tailored for these specific areas.
One of the most important courses an MBA student takes is a capstone course, which concludes with an MBA student’s completion of a capstone project. The parameters of this project will differ among MBA programs, but essentially, a student must pull from what he or she has learned throughout the program to draft a detailed business plan for an entrepreneurial effort, or a put together a plan that will solve a specific problem for an existing organization. At many business schools, students are assigned a small group who must work on the capstone project together.
What Jobs Can I Get with a Master of Business Administration?
Many professionals with MBAs are already employed, and are seeking greater career mobility in their current line of work. However, some individuals do pursue an MBA with the intent of a career change. Master of Business Administration degree jobs might include anything from management analysts and consultants, senior financial managers, financial analysts, top executives, operations research analysts, and project managers. Other MBA graduates go on to start their own businesses and launch new start-ups. Others seek management careers in healthcare or IT, depending on their background.
One of the advantages of pursuing traditional or online business administration degrees is the network you build in pursuit of the degree. Your professional network, including your classmates who work in a wide variety of industries and your professors who have extensive connections in the business world, can fill you in on job openings that are not known to the wider public. As an MBA graduate, you can leverage both your degree and your professional network in the job hunt.
Schools That Offer a Master of Business Administration.
You can earn an accredited online business degree from a wide variety of graduate schools of business, even many that you may typically associate with brick-and-mortar education. For example, Indiana University’s Kelley School of Business offers an online MBA through Kelley Direct. Penn State offers an online MBA that is accredited by the AACSB, incorporates virtual teams where students work alongside classmates with diverse backgrounds, and incorporates residency experiences. Post University’s online MBA program lets students choose from among seven concentrations, including corporate innovation, entrepreneurship, finance, and marketing. These are just a few examples of the many high-quality online MBA programs available.