What Is Some General Information About MBA Degree Programs?

Because a Master of Business Administration (MBA) generally increases the chances of career advancement, numerous professionals pursue this degree every year. In many cases, an MBA is necessary in order to be eligible for upper management or executive positions. Continue reading for some general information about MBA degree programs. Schools offering Business degrees can also be found in these popular choices.

Information on MBA Degree Programs

MBA degree programs are generally not 'one-size-fits-all' programs. They come in a variety of types and formats and offer a wide range of concentrations. Additionally, these programs are often available online via distance learning programs.

Important Information about this Field of Study

Career Prospects with an MBA Accountant, Auditor, Financial Analyst, Marketing/Sales Executive, International Businessperson
Earning Potential with an MBA (2018) Jobs in business generally earn between $50,000 and close to $90,000 annually, with executives reaching $100,000 and beyond.
Top-Ranking MBA Programs (2020) University of Pennsylvania, Stanford University, Harvard University
Best Part-Time MBA Programs (2020) University of Chicago, University of California - Berkeley, Northwestern University

Sources: U.S. Bureau of Labor Statistics, U.S. News and World Report

Types of MBA Programs

Professionals who wish to keep working full-time can choose to pursue their degrees in a part-time MBA program, with courses available on evenings, weekends or both. Full-time MBA degree programs are also offered to those who are not yet working full-time or to others who are granted the time off work to pursue an MBA degree. Some schools offer 1- and 2-year accelerated MBA degree programs. Executive MBA (EMBA) programs are offered for those already in management positions who wish to further develop leadership, decision-making and critical-thinking skills.

Areas of Interest

Many colleges and universities offer an MBA with an emphasis or concentration on a particular area of interest. Individuals can obtain an MBA with a concentration in accounting, financial management, human resources, marketing, information systems, criminal justice, telecommunications, global management, healthcare or engineering. Some MBA degree programs offer concentrations in consulting and entrepreneurship.

Online Programs

Part-time and accelerated MBA degree programs are offered entirely online by many colleges and universities. Accredited online MBA degree programs are essentially the same as on-campus programs, offering the same courses and, in some cases, even the same faculty. An online format allows working professionals to listen to recorded audio- or video-based lectures at their convenience. Some online MBA programs include student forums, which allow students of the same classes to network and collaborate on group projects.

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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