Master's of Business Administration Programs
The Masters in Business Administration degree, commonly abbreviated as a M.B.A.,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, MBA degrees, 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.
How Long Does it Take to Earn MBA Degrees?
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.
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." ii
How Many Credits for an MBA Degree?
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.
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)
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
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
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 programs are 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
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.
Search MBA Programs
Select an MBA program from the listings below or use our on-page navigation to conduct a location search for MBA graduate schools. You can also 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. You may also find MBA degrees that don't require a GMAT.
Sources: [i] onetonline.org/link/summary/11-1011.00 |[ii]bls.gov/careeroutlook/2015/article/should-i-get-a-masters-degree.htm#Business
- Philadelphia, PAPhiladelphia, PA
Jefferson (Philadelphia University + Thomas Jefferson University)
arn your Masters of Business Administration in one of eight concentration areas in the way that best fits your life and career with full and part-time scheduling options.
- Madison, NJMadison, NJ
Fairleigh Dickinson University
Tailored for senior and mid-level business managers, this 45-credit curriculum encompasses the business concepts and analytical tools used by senior executives.
- Madison, NJ
- Teaneck, NJ
- Fremont, CAFremont, CA
Northwestern Polytechnic University
- Kowloon, Hong KongKowloon, Hong Kong
Hong Kong University of Science and Technology, The
The HKUST MBA is designed with the best of Western business school education along with special insights into Asia and China. In 2006, the HKUST MBA i...
- Kowloon, Hong Kong
- Hong Kong, Hong Kong
- Augusta, GAAugusta, GA
Augusta State University
All graduate courses are scheduled during evening hours only. Classes meet twice each week on a Monday/Wednesday or Tuesday/Thursday schedule.
- Ankara, TurkeyAnkara, Turkey
Middle East Technical University
- Oakland, CAOakland, CA
Mills prepares you to excel in a collaborative environment that fosters confidence and competence—not cutthroat competition.
Asian Institute of Technology
The International Executive MBA Program of the School is AsiaÆs 1st with double specialization in International Business and Management of Technology. The 4 semester program is conducted in English and is completed in 22 months. For the convenience of w...
- Pathum Thani, Thailand
- Ramat Gan, IsraelRamat Gan, Israel
Bar-Ilanís International MBA program provides the opportunity to be taught by a distinguished faculty drawn from the local and international acad...
- Liverpool, United KingdomLiverpool, United Kingdom
Liverpool John Moores University
Liverpool John Moores University, (or JMU as we are known by ourfriends) is one of the largest universities in the United Kingdom. We have more than 2...
- Liverpool, United Kingdom
- Fukuoka, JapanFukuoka, Japan
- Alajuela, Costa RicaAlajuela, Costa Rica
INCAE is a private international institution dedicated to teaching and research in business administration and economics in Latin America.
The master of business administration (MBA) program is designed to support working professionals, and to prepare students for careers in management and leadership in both the government and private sectors. Students will develop high-level leadership sk...
Jones International University
Mastering Business - there is no substitution for a well rounded business professional.
- New Orleans, LANew Orleans, LA
Loyola University New Orleans Online
Robert Kennedy University
Business Administration (MBA)The University, with mainoffices in Zurich, the financial and cultural hub of Switzerland and operated by the Robert Kenn...
- Lynchburg, VALynchburg, VA
- Pocatello, IDPocatello, ID
Idaho State University
We offer the M.B.A. program to holders of business and non-business bachelors degrees...