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.
MBA 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:
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.
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.
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.
Advance your business career through an evening MBA program designed to help you keep your job while earning your degree. Specialize in accounting, finance, international business, Human Resources management, management, and marketing...
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...
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.
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.
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...
Loyola University Chicago
Loyola’s MBA with a concentration in management will give your career the boost needed to secure executive and leadership positions.
Illinois Institute of Technology
The Stuart MBA prepares engineering, scientific and technology professionals for entrepreneurial and management careers in industries where technology plays a key role. Being a part of the Illinois Institute of Technology, the Stuart MBA is particul...
University of Northwestern-St. Paul
The Master of Business Administration (MBA) will help you achieve greater levels of responsibility within your chosen profession...
Saint Xavier University
This comprehensive program is designed to meet the diverse and changing needs of students and employers. Students complete eight or nine courses of...
The MBA/MACS is designed to meet the needs of those individuals aspiring to move into a management level position in Internet Information Systems.
University of Chicago
The Evening and Weekend M.B.A. Programs allow busy managers to complete their M.B.A.'s without interrupting their careers.
The Ph.D. Program trains prospective scholars to become highly skilled and innovative researchers for careers as faculty members at premier academic i...
Founded in 1943, our Executive M.B.A. Program was the first general management degree program for experienced managers and it continues to rank as one...
The Campus M.B.A. Program focuses on basic disciplines underlying management and operational areas of business while allowing each student to choose f...
The faculty provides students with a business education that integrates theory, research and practitioner experience.
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.
North Park Theological Seminary
University of Illinois - Urbana-Champaign
Now located in downtown Chicago, the University of Illinois (Urbana-Champaign) Executive MBA Program is ideal for experienced managers and accomplishe...
For students who wish to prepare for executive and managerial positions in both the private and public sectors.
National Louis University
Northeastern Illinois University
The MBA Program provides students with a broad knowledge base in major areas of business and management.
Concordia University Chicago
p> What differentiates Concordia-Chicago’s MBA program? All of our courses integrate Four Pillars of Knowledge into the curriculum. By cultivating these essential principles in an academic setting, t...
Concordia University Chicago's MBA with a specialization in school business management provides the business fundamentals needed to lead and manage in today’s increasingly complex educational institutions. This distinctive program is approp...
Concordia University - Chicago
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. ...
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.
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 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...
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...
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...
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...
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...
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...
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...
Northwestern University School of Continuing Studies
The MSIT's 70% technical/ 30% business and management courses prepare you to make strategic technical and business decisions in a world where technology is at the core all of business...
A graduate management education is a big investment in your future.
Designed for senior and mid-career executives, the Kellogg Executive MBA Program is flexible and challenging.
University of Illinois at Chicago
The UIC MBA Program offers unparalleled value in graduate business education.