Information on Master of Business Administration (MBA) Degree ProgramMajors Overview May 18, 2015
Get information about Master of Business Administration (M.B.A.) degree programs and their education requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) Programs
Numerous important business disciplines, such as business policy, marketing, human resources and economics are in an MBA program. An area of business specialization, such as international business, marketing or human resources, can usually be chosen by students. However, students enrolled in a general MBA program are allowed to gain knowledge in various business disciplines. Some schools offer programs in both on-campus and online formats, including study abroad and internship opportunities that can be availed by all enrolled students.
Admission criteria in competitive MBA programs typically require incoming students to hold a bachelor’s degree. They may also need to complete graduate examinations, such as the GRE or GMAT, and submit letters of recommendation.
Coursework in graduate business administration programs typically covers classes in financial management, accounting and managerial decision making. Students enrolled in MBA programs are allowed to complete general coursework and go on to opt for elective coursework in their areas of interest. Opportunities for practical study are typically available. Core coursework may cover topic areas such as:
Program graduates may aspire for top management positions. They may already be in current management jobs and may enroll to advance their prospects for promotion. Management positions may be available to graduates in industries such as:
Job and Wage Outlook
Over the 2012 – 2022 decade, a job growth rate of eleven percent has been predicted for top executives across all industries (U.S. Bureau of Labor Statistics). In May 2012, chief executives brought in an average annual wage ranging between $76,220 and $187,200.
Continuing Education Choices
Program graduates may opt for continued education by earning a Ph.D. in Business Administration that would allow them to seek careers in research or academia. Schools offer Ph.D. programs in marketing or business administration.