Campus Masters of Business Programs
Students looking into Masters in Business campus programs can choose from a wide variety of degrees, such as an MBA, or a more specialized program in Finance, Marketing or Accounting. With competition in the current marketplace, many students are either returning to school to update their credentials, or staying in graduate school to try to ensure better prospects in the future.
Masters in Business Programs comprise administration, accounting and finance. Students who enter one of these masters degree programs receive an education in business concepts and practices, corporate finance, financial planning and market analysis.
Different types of master's degrees in business include the Master of Business Administration (MBA), Master of Accountancy (MAcc) and Master of Science (MS) in Finance. Because master's degrees in business are often sought by currently working business professionals, courses are frequently offered in the evenings and on the weekends. Typically, a relevant undergraduate degree is needed to apply for admission, although accelerated MBA programs allow students to earn a bachelor's and master's degree simultaneously. Some MAcc programs require students to take the Certified Public Account (CPA) exam before acceptance, while other programs require that the exam be completed before finishing the program.
Deciding whether to pursue a generalized MBA, an MBA with concentrations or a specialized Business degree such as a Masters of Finance or Master of Taxation is a debate that many students are having with themselves. Knowing whether to follow one route or the other is a matter of one’s personal goals, and whether these will be met by an educational curriculum.
FUN FACT: For advanced Financial Analyst positions, employers often require a master’s degree in business administration (MBA) or a master’s degree in finance. Knowledge of options pricing, bond valuation, and risk management are important.
Whereas distance-learning programs involve online interaction, study and communication, an on-campus program may be an enriching blend of real-time networking, participation, learning and study. If you would enjoy a hands-on approach, want the perks of using the university’s facilities such as libraries, gymnasiums, study labs and social services, a campus program is for you. Many Business Masters Programs actually design their programs around the needs of their working students, so earning an MBA at a graduate business school may quite convenient and plausible, even if you have other demands on your schedule.
The Master of Business Administration, or MBA, provides a graduate education in foundational business practices, such as accounting, finance, marketing and management. Students can specialize the degree in fields as diverse as health care, international business, technology and sports management. Taking an interdisciplinary approach to learning, MBA programs are not only meant to deepen students’ understanding of business management, but also to further develop their critical thinking, analytical and problem-solving skills.
If you are currently working and still asking yourself whether you should go back to school to earn your MBA, consider the following: Although a bachelor’s degree and work experience are invaluable commodities on any resume, a graduate-level education is a good indicator to employers that you have the knowledge, abilities and motivation that will be demanded of you in a higher-level position.
First of all, many MBA programs allow you to concentrate your studies around a specific area, such as finance, so they may be work looking into. This being said, other options include, but are not limited to a:
Master of Science in Finance: If you aspire to a career as a financial analyst or financial manager, and need an in-depth understanding of market conditions, statistical analysis derivatives, actuarial science and securities law, earning an MS in Finance may be a wise academic choice and good investment of your time.
Master of Accountancy (MAcc): If you aspire to a career as a CPA, or chief financial officer, as a business student in this field, you will study financial planning, market forecasting, corporate finance and business taxation. You'll also learn how to read and create financial reports, and use this information in a business internship before graduation
Many universities are very willing to help advise prospective students to help them choose courses, so while it may seem daunting, the right Masters in Business degree is searchable, and findable!
GradSchools.com has some really helpful tools that you can use to pinpoint the right Business Masters Program or MBA for you. The ‘Subject Selection’ is a great directory to narrow down your chosen field of study. For instance, are you interested in Public Administration and Policy? If so, a Master if Public Administration: Sustainable Communities might be a good choice. Hoping to work as an Accountant? A Master of Accounting (MAcc) offers specialized education. Do you love working with people? Perhaps an MBA-Human Resources emphasis (Master’s Degree) is the best choice. Once you have decided on the field of study, you can look for accredited schools by location. Use the city, state, or country tabs to find Business Schools and Universities with the type of master’s program you want to enroll in. The plus is that you can often visit the school’s site or request info directly from GradSchools.com. This makes it easier to build a list of interesting options.
The importance of choosing a school that is accredited and recognized by the U.S. Department of Education is well known. The Association to Advance Collegiate Schools of Business (AACSB) accreditation is given to business and accounting schools. The most significant benefit to attending an AACSB-accredited school is peace of mind. It is commonly understood in the business industry that AACSB accreditation is one of the world’s most selective and rigorous types of evaluation for business schools.
Depending on your education, experience and interests, MBA graduates or graduates of other related Business fields may find careers as:
Many of these fields are fast growing: Employment of personal financial advisors is projected to grow 30 % from 2014 to 2024 compared to 11% for Accountants and Auditors (BLS)
Whether you are interested in finance in general, taxation in particular or management in general and Healthcare administration in particular, there are MBA and other Masters in Business programs that will give you the knowledge and skills that your chosen profession requires. Graduate School may be a time to widen your networks, find a mentor, study rigorously, and enjoy participating in campus life. Start looking into programs today!
Sources: bls.gov/ooh/management/top-executives.htm | bls.gov/ooh/business-and-financial/accountants-and-auditors.htm | bls.gov/ooh/business-and-financial/financial-analysts.htm | bls.gov/ooh/management/human-resources-managers.htm | bls.gov/ooh/business-and-financial/personal-financial-advisors.htm
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