The MBA degree is regarded as a terminal and professional Masters degree in business administration. Commonly abbreviated as M.B.A., the Master's degree in business administration is an internationally recognized business graduate degree.
Many students pursue an MBA to fine tune their skills in preparation for today’s competitive business environment.
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.
Masters in Business Administration programs cover a wide range of business fields, such as marketing, finance, accounting, business management and more.
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The first step in earning a MBA degree is to earn a bachelor's 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.
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.
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.
According to Bureau of Labor Statistics, 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."
Some common jobs available for those awarded with an MBA:
Accelerated, No GMAT Required
Entrepreneurship and Family Enterprise Specialization
Non Profit Leadership & Management
Since not all students can participate in a two-year full-time MBA, business schools have adapted.
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.
Many MBA programs focus on a specific concentration. 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.
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 to 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.
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.
MBA degrees 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.
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.
If you are interested in earning your MBA, here are some skills that may be useful:
Looking for an MBA Scholarship? Submit an essay with 250 words or less in response to our prompt question about why you want to earn a Masters in Business Administration and enter to win!
We asked Honor Society 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.
Today's job market demands that you stand out. A Master of Business Administration (MBA) online degree from Benedictine University tells employment decision-makers three things. You're prepared for high-level leadership.
Benedictine's online MBA degree program prepares you to successfully lead organizations through the challenges of 21st century business management, including global issues, evolving technology and a diverse workforce.
AIU’s ACBSP (Accreditation Council for Business Schools and Programs) accredited Master of Business Administration with a specialization in management is designed to help students develop the critical thinking skills and expert competencies necessary to...
Colorado Technical University has a Master of Business Administration degree program designed to help you prepare for increased levels of responsibility in today’s global business environment.
Pursue a Master of Science in Management-general concentration. Colorado Technical University’s ACBSP-accredited degree program allows you to customize your business and management concentration courses to suit your specific needs.
Broaden your business perspective and sharpen your leadership capabilities in Loyola's 20 month EMBA program. A cohort model helps expand your network and skill set, while the unique international immersion trip enhances global business understanding.
With an emphasis on values-based leadership, the AACSB-accredited Quinlan School of Business offers a Master in Business Administration program to equip you for success in a global business world. 13 concentrations match your MBA degree to career goals.
A professional MBA program for working adults. All classes meet from 6:00 PM to 8:30 PM one night a week.
University of Illinois at Chicago
The UIC MBA Program offers unparalleled value in graduate business education.
Southern Illinois University - Carbondale
North Park University
Part-time graduate business programs designed for working professionals. Students attend class at night or on Saturday, take 16-20 8-week long courses, and can finish the degree in two years. Certificate programs consist of four courses and may be compl...
Northeastern Illinois University
The MBA Program provides students with a broad knowledge base in major areas of business and management.
The Masters of Business Administration degree is based on the "hard skills" needed in business administration.
The faculty provides students with a business education that integrates theory, research and practitioner experience.
Ellis University's M.S. in Management offers an academic grounding in management theories and their application to business practices, and provides de...
Ellis University online MBA program offers courses developed in partnership with the world's leading business schools, including Columbia University B...
Rockford College MBA graduates have become leaders in their organizations who communicate effectively, think clearing, act decisively, and care about...
College of Saint Francis
Governors State University
Our Master of Business Administration (MBA) degree program prepares students for positions of executive leadership. As a general...
The emphasis of the MBA program is on decision making as the characteristic function of business administration.
Western Illinois University
University of Illinois - Urbana-Champaign
Eastern Illinois University
This program is designed to develop the fundamental body of knowledge and analytical tools common to all management, marketing, accounting, information systems, behavioral sciences, finance, quantitative approaches to decision making.
The curriculum has a general managerial perspective. It stresses the theoretical basis of management disciplines as well as practical applications of...
University of Northwestern-St. Paul
The Master of Business Administration (MBA) will help you achieve greater levels of responsibility within your chosen profession...
North Park Theological Seminary
Concordia University - Chicago
Whether you are looking to become a high-level executive at a corporation or an independent CPA, an MBA with a specialization in accounting from Concordia University Chicago opens up a myriad of career possibilities.
Concordia University Chicago's MBA with a specialization in school business managementprovides the business fundamentals needed to lead and manage in today’s increasingly complex educational institutions. This distinct...
Do you have a passion for sports? Turn that passion into an exciting career with an MBA in sports management from Concordia University Chicago! The sports industry in both the U.S. and globally is big business. With the spo...
Managing a successful not-for-profit organization is very similar to managing a business. Concordia University Chicago’s MBA specialization in not-for-profit management addresses the unique attributes of a not-for-pro...
Were you born to lead? The current economic environment requires successful businesses to use resources creatively and effectively. There is an increasing need for leaders who can guide an organization in adapting to changing environments and consume...
If you are interested in advancing your career and obtaining a management position within a health care-related organization, an MBA specialization in health care management will help get you there. The health care industry...
The future of marketing is undeniably digital. Today's rapidly advancing technologies are transforming the business landscape in a way that requires a shift in the marketing paradigm. Marketing budgets are increasingly shifting from traditional m...
The study of finance is more global centric than ever. The financial crises of the last decade is a clarion call for MBA graduates who are ethical and possess the knowledge and skills to excel in financial decision making. Individuals with knowl...
Concordia University Chicago's MBA with a specialization in chief school business official (CSBO)provides the fundamentals needed to lead and manage in today’s increasingly complex educational environment. This distinc...
The Concordia-Chicago MBA program is designed to assist you with business knowledge for your entire career. You can customize the speed and program that you need for your career goals. ...
The full-time MBA is designed for recent college graduates who hold a bachelor’s degree from a regionally accredited U.S. institution or foreign equivalent...