What Does MBA Mean?

Are you interested in business and planning on going to grad school? The term 'MBA' stands for 'Master of Business Administration.' An MBA program is a graduate degree program that can prepare you to enter management and leadership positions in the business field. If you decide to pursue an MBA, you could take a range of courses related to finance, marketing, entrepreneurship and more. Schools offering Business degrees can also be found in these popular choices.

Overview of MBA Programs

Graduates of MBA programs are trained in several areas of management so that they can step into executive, entrepreneurial and administrative roles. Because an MBA is a graduate degree, you'll most likely need to earn a bachelor's degree before pursuing one, although some schools offer MBA programs that allow you to concurrently earn your bachelor's and graduate degrees. Additionally, some schools might require you to hold several years of real-world business experience, preferably completed after you've received your bachelor's degree.

Important Facts About These Programs

Programs Summer internships are available through marketing, technology, and consulting companies
Prerequisites A personal statement, GRE/GMAT submission, letters of recommendation, and a possible interview process
Concentrations Finance, supply chain management, innovation entrepreneurship, healthcare management
Continuing Education Classes for Certified Public Accountant credentialing are available.

Types of Programs

To accommodate students on different career paths, many schools offer their MBA programs in several formats. Some schools offer an accelerated program that will allow you to complete your MBA in a year, as opposed to the two years it normally takes. If travel or distance is an issue, you could apply to an online MBA program. Professionals who hold substantial experience in the business field might be eligible for an Executive Master of Business Administration (EMBA) program. These programs typically will expect you to maintain full-time business positions and attend your classes on weekends or evenings.

Typical Courses

During an MBA program, you'll complete a number of core courses and electives, which might include communications, strategies, operations and management, economics, decision-making, business ethics and legal issues relating to business, depending on your area of emphasis.

Available Jobs

As an MBA graduate, you could seek upper-level management or executive positions at corporations and businesses. The U.S. Bureau of Labor Statistics (BLS) stated that MBA graduates might also pursue careers in information systems management, computer systems analysis, engineering management and financial services sales (www.bls.gov). According to the BLS, computer and information systems managers earned a mean yearly wage of $152,860 as of May 2018, while computer systems analysts made a mean salary of $93,610 per year. Engineering managers took in a mean income of $148,970 per year, while the mean annual wage for financial services sales agents was $98,770.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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