Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

The Meaning of an MBA

Higher Education Articles June 16, 2015

The Master of Business Administration, commonly referred to as an MBA, covers a wide array of business fields, including accounting, marketing, and management. In this article, we take a look at the requirements and benefits of an MBA degree program.

Degree Overview: Master of Business Administration (M.B.A.) Degree Programs

Students seek the Master of Business Administration (M.B.A.) graduate degree program to develop skills that would help pursue a business career. Admission criteria typically require incoming students to hold a bachelor’s degree in any field.

MBA core coursework provides an introduction to topic areas in business, such as operations management, accounting, human resources, finance, and management information systems. Coursework often includes classes in areas such as macroeconomics, organizational management, computer information systems, and marketing management.

Electives and additional courses may also be available with students’ concentrations, including public administration, business and economic forecasting, marketing, management information systems, international business, and hospitality management.

MBA Program Types

There are many basic kinds of MBA programs, varying in length and with different admissions criteria. Coursework covers similar topic areas in all programs.

Part-Time MBA

Working professionals would benefit by enrolling in part-time MBA programs that have classes during weekends and nights. Depending on the coursework they choose, students may take three or more years to complete these programs.

Full-Time MBA

Two academic years are typically needed to complete a full-time MBA program. This program is available through many schools in a daytime format; the program begins in late August or early September of the preliminary year and ends in May or June of the latter year.

Accelerated MBA

Students who’d like to get their degree as soon as possible should enroll in an accelerated MBA program. Students can complete the program in about a year. Enrollees may be required to have already completed some business courses. The shorter span entails a heavier workload.

Dual MBA

Students can combine their MBA curriculum with another degree, such as a Master of Public Health (M.P.H.) or Master of Science (M.S.) by enrolling in dual MBA programs. Five-year combined bachelor’s and MBA degree programs are also available at many schools.

Executive MBA

Individuals with about ten years of business work experience would benefit by enrolling in this MBA program whose coursework is devised to satisfy the career and career advancement needs of managers and executives.

Job and Wage Outlook

The Job & Salary Trends Report 2013/14 reveals that graduates of the MBA program bring in an annual wage of $82,200. The average wage level rises to $98,300 through the addition of bonus awards. The majority of jobs are available through the industries of financial services and banking, consulting and professional services, recruitment and HR services, and IT and computer services (QS Report). There is also a high rate of job growth in the law and pharmaceutical industries.

MBA graduates can seek occupations within nonprofits, private companies, schools, government, or hospitals. MBA holders enjoy good job prospects in the United States, but the degree can also lead to overseas employment.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
South University , Virginia Beach
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
  • Online bachelor's and master's level Business programs are available.
  • Courses are designed to teach practical business solutions, with a career-focused curriculum.
  • Students can study in areas such as business, applied management, and business administration.
  • Experienced professionals equip students with a working knowledge of marketing, financing, accounting, and sales.
  • Students who have graduated high school in or before 2015 are eligible to apply.
  • Online Courses
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!