What Is Master Of Business Administration?

The Master of Business Administration (MBA) program is designed to help students build a career in business. An MBA provides valuable exposure to the student in business management and enables them to develop and hone their personal and intellectual skills to excel in the world of finance and marketing. Prospective students hold undergraduate degrees with prior work experiences.

The program lasts for a year or two, at the end of which, students have a better understanding and practical skills needed to focus on proper business strategies. MBA graduates are poised with the skills to define and lead various top-notch businesses and play crucial roles in the financial standing of the company and revenues for the government. The MBA provides students with ‘thought education’, experimental learning and innovative approaches for financial progress.

According to the 2013-14 salary report released by QS, the average salary of an MBA graduate in the United States is approximately $82,200-$98,300. Majority graduates find jobs in the financial sector and banking. HR services, consulting and IT industry from the second highest sector attracting MBA graduates. In recent times, the pharmaceutical and law sectors see a high influx of MBA graduates. Employment advantages are high for graduates of the degree and they are well sought after in both local and overseas professional roles. MBA graduates are preferred in roles in non-profit, governmental and private companies.

MBA Courses

Most MBA programs offer a core curriculum and specialization options. Furthermore, internships form a part of the degree program with some universities placing mandatory regulations on internships for graduation. Students gain exposure internationally by participating in exchange programs or undertaking internships in foreign firms. At the end of the course, usually the final semester, students are required to undertake a project as part of the graduation requirement. A typical MBA has the following courses:

• Accounting
• Finance
• Marketing
• International Business
• Business Analytics
• Economics
• Professional Skills
• Management Information Systems (MIS)
• Operations
• Leadership
• Strategy

Some universities provide an option of graduate certification along with MBA or the prospect of double degrees. A graduate certification is usually a certificate or a diploma program that is chosen as an elective as part of the degree, for example: Certificate in general management. The double degree is usually a masters or PhD in a related discipline, for example: MBA + Master of Finance or MBA + health quality. The QS survey to determine favorable electives among students include strategy, leadership and international management.

Types of MBA

MBA programs are offered as

• Full-time MBA: A two-year degree course. Many programs begin in August or September and end in May or June of year two. Some programs start in January of every year
• Part-time MBA: Usually takes more than 3 years to complete. The course is designed for working professionals who opt to undertake the degree during nights and weekends while continuing full time careers
• Executive MBA: This MBA is designed for professionals with over ten years of experience
• Accelerated MBA: The course lasts between 1 to 1.5 years. Programs have a heavy course load and require students to already have some sort of business experience
• Dual MBA: Allow students to study the MBA program in conjugation with a masters or PhD degree. Some universities provide direct routes to an MBA degree on completion of a bachelor degree
• Online MBA
• Correspondence MBA

Academic Edge suggests a harf="https://www.academicedge.in/online-mba-master-business-administration/"Online Mba courses and program through recognized Distance Education Mba universities.