United States More About MBA Degrees
The Masters in Business Administration, commonly abbreviated as a M.B.A. or MBA degree is an internationally recognized business graduate degree. MBA programs cover a wide range of business fields, such as marketing, finance, accounting and management. Many students pursue a Master in Business Administration to fine tune their skills in preparation for today’s competitive business environment.
What is a MBA Degree?
The MBA degree is regarded as a terminal and professional Masters degree in business administration. Initial MBA programs rose in the 20th century as a response to industrial development. Companies started to seek science-based approaches to management. Today’s MBA programs teach basic business courses, strategy, and team building.
Why Earn an MBA?
We asked HonorSociety Executive Director Mike Moradian about the possible benefits of an MBA:
"Aside from the ROI, students who earn their MBA undoubtedly leave with a strong understanding of management and an advanced business acumen."
~Mike Moradian: Executive Director of HonorSociety.org Click to Tweet
How Long Does it Take to Earn a MBA Degree?
The traditional MBA degree is a two-year full time program. In many MBA schools, this means four terms, summer breaks and pre-set holidays. However, there are other formats that either speed up or slow down the time to graduation.
How Many Credits for an MBA Degree?
An MBA degree may consist of about 18 credits of required core business courses and 42 credits of electives for a total of 60 credits. There is are varying credit stacks, however. Programs with fewer credits are likely aimed at students with a Bachelors in Business or prior work history.
How Do I Earn a MBA Degree?
The first step in earning a MBA degree is to earn a bachelors degree from an accredited university. This does not have to be a business degree. Aside from
this, university requirements for MBA degree programs vary. Some business schools look for specific qualities in their future students. Others look at level of management experience. Some possible requirements are listed below.
- Resume and work history
- Post-graduate full-time work experience, and/or internships
- Certified copy of your undergraduate degree, transcripts
- Letters of reference
- GMAT result and graduate school-specific score
- Proficiency in English
- Computer literacy
- Letter of intent and motivation (personal statement)
Are you hoping to climb up the corporate ladder? MBA programs typically encourage students to develop the professional skills thought of as critical in today's business environment. i
- Interpersonal communication
- Complex problem solving
- Critical thinking
- Logical analysis
- Systems evaluation
DID YOU KNOW?
“Securities, commodities, and financial services sales agents had the biggest wage premium of any of these occupations: workers who had a master’s degree earned a wage that was nearly 90 percent higher than that for workers with a bachelor’s degree. Many of these sales agents earned a master’s degree in business administration (MBA), which may be required for high-level jobs” (BLS)ii
What Are MBA Degree Concentrations?
MBA concentration areas are elective courses that tailor the degree to a student’s interest. Or, it can be used to gain extra skills in one domain. These areas differ from school to school, so it is one way of narrowing down what schools you apply to. Sample concentrations are listed below.
- Healthcare management
- Real Estate
Types of MBAs
Since not all students can participate in a two-year full-time MBA, business schools have adapted.
Accelerated MBA programsare a variation on full-time study which may take about one year to complete. They tend to involve more intense class and examination schedules because material is condensed into one year.
Part time MBA programs are sometimes referred to as "Flexible" MBA programs. Students may have up to six years to complete their degree. Programs generally suit the unique time constraints of on-the-go adults and working students. Courses may be offered in the evenings and/or weekends, depending on the business school.
Hybrid MBA programs offer a blended online learning format; campus requirements plus distance education.
Campus MBA programs: Searching for an MBA program in a specific city, state or country? Earning an MBA degree abroad, especially if you are drawn to international business or finance, might be a great experience. Or search for near-by MBA schools to help build your local network.
Online MBA programs are offered by online business schools and traditional universities alike. These deliver the required curriculum through web-based courses for increased flexibility and convenience.
Dual MBA programs are a combination of two degrees. For instance, the JD/MBA or MBA/Nursing.
What is an Executive Masters in Business Administration?
An Executive Masters in Business Administration (EMBA) degree is an MBA for executives. EMBA programs may be accelerated or more flexible. Some schools offer these programs during the evenings or weekends.
What Are Potential Benefits of Earning an MBA?
We asked Executive Chef of Wednesdays Jenny Dorsey how earning an MBA helped her in business:
“My MBA truly showed me what "networking" - the effective, powerful kind - means. I learned how to network and prospect new clients, building my two businesses from the ground up. As the saying goes, people will forget all about what you say and do but they will remember how you made them feel.”
~Jenny Dorsey, Co-Founder and Executive Chef of Wednesdays Click to Tweet
FUN FACT: The MBA degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management. iii Click To Tweet
About MBA Program Accreditation
MBA degree program accreditation by external agencies offers students and employers an independent perspective of the school or program's quality. In addition, it could speak whether the curriculum meets professional standards. This is an important aspect to consider when choosing an MBA Program. Some examples of the major accrediting bodies in the United States are listed below.
- Association of MBA’s (AMBA): impartial authority of postgraduate management education for MBA, DBA and Master’s degrees
- The European Quality Improvement System (EQUIS) is run by the Brussels-based EFMD Management Development Network; EQUIS focuses on institutions that offer undergraduate, graduate, and doctoral business programs, including the MBA
- Association to Advance Collegiate Schools of Business - AACSB international
- Accreditation Council for Collegiate Business Schools and Programs –ACBSP
- International Assembly for Collegiate Business Education- IACBE
What Might I Do With an MBA Degree?
Many MBA graduates chose to pursue a career in business. However some might want to consider earning a Doctor of Business Administration (DBA) degree. As the highest professional practice degree beyond the Master of Business Administration, it may help individuals distinguish themselves from other MBA graduates, or, establish further expertise through research and advanced coursework.
Take the Next Step
Use our on-page navigation to conduct a location search for MBA graduate schools or refine by program format (campus, hybrid, online). There are many sponsored listings for the MBA degree, and each university has its own unique features. Use the ‘request info’ setting to contract prospective schools to learn what these are and which Masters in Business Administration program matches your aspirations.
[i] onetonline.org/link/summary/11-1011.00 |[ii]bls.gov/careeroutlook/2015/article/should-i-get-a-masters-degree.htm#Business |[iii] en.wikipedia.org/wiki/Master_of_Business_Administration
- Columbus, OHColumbus, OH
Ohio State University
The Fisher College of Business MBA program offers a range of contemporary business disciplines, taught by world-class faculty and connected to the unparalleled diversity of programs offered at The Ohio State University...
University of Denver
St. John's University
What They’re Known For Founded in 1870, St. John’s is a Catholic Vincentian University that prepares students for personal and professional success in today’s global society. St. John’s is committed&...
University of Saint Mary
The University of Saint Mary online MBA is grounded in the idea that students should contribute to society in all aspects of their lives.
Saint Mary's University of Minnesota
This affordable online accelerated MBA program can be completed in 18 months or less. The curriculum focuses on real-world issues and gives students a learning experience that is immediately applicable. ...
The University of Scranton
The Arthur J. Kania School of Management at The University of Scranton offers an Online Master of Business Administration program that is comparable i...
Johns Hopkins Carey Business School
Learn to lead and to solve complex problems with a management concentration. Focus on decision making, leadership, organizational change and negotiation.
- Baltimore, MD
Winthrop University's online Master of Business Administration (MBA) program empowers students to lead with conviction in their current and future roles. Learn in a rigorous AACSB-accredited program taught by dedicated faculty committed to your s...
The Manhattan College online M.B.A. helps you develop and refine the cross-functional skills you need to be an innovative business leader who can connect people, departments and disciplines.
Queens University of Charlotte
The online Master of Business Administration from Queens University of Charlotte instills a foundation of leadership within our students.
Our Lady of the Lake University
The Online Master of Business Administration at Our Lady of the Lake University There are a lot of MBA programs out there to choose from. Pick one that targets some of the most challenging issues in business today to build the leaders of tomorrow.
George Mason University
Delivering a diverse skill set with a global perspective, George Mason's online MBA gives students the credentials and confidence to assume critical leadership roles in business, government, and public institutions worldwide. Courses are availabl...
- Fairfield, CTFairfield, CT
Sacred Heart University
The Welch MBA at Sacred Heart is dynamic & interactive, preparing you for the real world of business today...
The General specialization is perfect for professionals who need more than one area of focus, offering you a broad knowledge base tailored to the needs of your career.
- El Monte, CAEl Monte, CA
California Institute of Advanced Management
California Institute of Advanced Management (CIAM) is nonprofit University dedicated to providing a practical, hands-on, and applicable MBA program based on real-world experience. Rolling admissions deadlines, with Financial Aid for those who qualify...
California Baptist University
The purpose of the online Masters of Business Administration in General Management degree program (MBA-GM), is to equip working professionals for advancements in a variety of senior level positions in business.
The Accelerated MBA Track provides students with the enhanced knowledge that today’s managers need to effectively run successful organizations.
- Chicago, ILChicago, IL
Loyola University Chicago
Today's dynamic global business economy is characterized by the need for continuous change, integrated approaches to problem-solving and values-based decision-making. Loyola University Chicago's M.B.A. degree program, offered by the Graduate...
- Chicago, IL
- Pittsburgh, PAPittsburgh, PA
hatham University's Master of Business Administration program provides students with the knowledge base, skills, and ethical judgment to manage and lead in a global organization.
- Purchase, NYPurchase, NY
The M.S. in Business Leadership is a focused alternative to an MBA which helps to position you to fill this talent gap.
- Paxton, MAPaxton, MA
Anna Maria College
Anna Maria College's Master's in Business Administration (MBA) combines theoretical and hands-on experience taught by faculty with business and industry experience.