The Masters of Business Administration(MBA) is one of the most popular graduate degrees available. Perhaps this is because of its relevance in this world of ever-increasing business opportunities, or the ways in which the skills learned in class can be applied to the larger world of business in the expanding globalized economy about which so much attention is being paid these days. Or maybe it's because the MBA degree can often lead to lucrative careers in the public and private world of business. Whatever it is, one thing remains clear: Earning an MBA degree is one of the surest ways to further your career, jump-start a new one or potentially set yourself up for the corporate position you've always dreamed of.
Of course, there are myriad options within the world of MBA's, and the area you choose to focus on will have just as much of an impact on your professional prospects as the fact that you have earned it in the first place. And that is the beauty of an MBA-it will not only give you the tools you need to succeed in the business world, but it will also open doors that might have remained closed before.
That having been noted, studying in the field is really a tale of two courses: There are the basics that most programs offer and that nearly all MBA candidates have to take, and then there are more specialized courses that you will only have to worry about if and when you choose to focus on that specific area of study.
MBA programs focus core coursework in 9 distinct subject areas that are commonly believed to create the foundation for an education in business theory and practice. Many programs will require students to complete coursework in all of these areas in addition to elective coursework. The 9 main subject areas in a business program might include:
And while there will certainly be some variation in the programming from school to school, and while there will certainly be some courses that are offered in one place but not another, the general course of study will encompass similar topics and classes. The goal, after all, is to prepare students for the world of high-end business which they will likely enter following graduation from their MBA program.
MBA programs also offer classes that are more specialized. These courses help students concentrate their studies in the area they are most interested in. Some of the specialized topic areas might include:
In addition to the classes themselves, there is also the issue of how you would like to go about earning your MBA. Since so many students are also full-time employees of companies, it is not uncommon for students to earn their MBA at night while maintaining their full-time schedule during the day. And while this is often stressful and difficult, it is managed by hundreds of thousands of students every year. Plus, it is not uncommon for the company for which students are working to offer to pay for the MBA-with the understanding that, in return, the employee will agree to stay with the company for a specified period of time after earning the MBA.