Fast-Track Master of Business Administration (MBA) Degree Program Overview
Majors Overview May 16, 2015Get information about fast-track Master of Business Administration (M.B.A.) degree programs and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Fast-Track Master of Business Administration (M.B.A.) Programs
On-site classes on a monthly or weekly schedule may be available through a fast-track Master of Business Administration (M.B.A.) program devised to enable working professionals with undergraduate education to pursue advanced education aimed at enhancing their careers. Schools may offer courses in the evenings that usually have distance learning components. Students may sometimes complete these flexible programs within 21-24 months.
Some schools may offer a fast-track Master of Business Administration (M.B.A.) degree program as a dual-degree program to allow a student to earn a graduate and undergraduate business degree within a shorter-than-usual period. Students usually need a year after the bachelor’s degree to complete a dual-degree program. Concentration options via elective courses are commonly included in these programs that could include internship opportunities.
Education Requirements
Admission criteria typically require incoming students to have an accredited bachelor’s degree along with adequate work experience. Applicants for admission to a combined fast-track BBA-MBA program are typically expected to hold a GED certificate or high school diploma for undergraduate level enrollment.
Coursework
Coursework in fast-track MBA programs is identical to that in traditional Master of Business Administration (M.B.A.) programs. Coursework focuses on business strategy, economics, finance and management. Core coursework may include topic areas such as:
•Management and organization
•Accounting
•Microeconomics
•Finance
•Business law
•Human resource management
•Organizational behavior
Career Choices
Graduates from an MBA program are ready for management and leadership roles in numerous professional settings and industries. They may choose from popular job options such as:
•Financial management
•Production management
•Accounting
•Banking
Job and Wage Outlook
Over the 2012 – 2022 decade, a job growth rate of 13% has been predicted for accountants and auditors. Over the same period, financial managers are expected to see a nine percent job growth and industrial production managers are expected to see a negative two percent job growth (U.S. Bureau of Labor Statistics). In May 2012, accountants and auditors brought in an average annual wage of $63,550, while industrial production managers and financial managers earned respective wages of $89,190 and $109,740 (BLS).
Continuing Education Choices
Program graduates can pursue continued education by earning a (terminal) Ph.D. in Business Administration. Rigorous coursework in doctoral programs covers specific issues within business disciplines, such as human resource management, operations management or accounting, to prepare graduates for graduate teaching assistantships even as they complete their dissertation. As opposed to MBA programs that are devised to train graduates to assume professional manager roles, doctoral programs enable graduates to seek careers in research and academia.
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