FTPress.com (Pearson Education) 
Return to Home Page
 

What is an MBA Degree?

MBA simply stands for Master of Business Administration is a postgraduate degree and is one of the most distinguished degrees for people wanting to excel in the business world. An MBA degree has high esteem in various countries around the globe and can be applied to a number of business situations. You also gain a wide range of business knowledge and leadership skills, which gives you a great advantage over someone who does not have the ability. If you plan on pursuing an MBA make sure you find out more about the program the school and its reputation so you will know what to expect.

Why Get an MBA Degree?

The major benefit of getting an MBA degree is that a lot of corporations consider it to be a steppingstone to a senior position and salary level. Check out advertisements for such positions and you will probably find that, to a large extent, many prospective employers require an MBA degree. Simply speaking, having an MBA will make you look more influential in the business world. Just make sure you make a firm decision before entering an MBA program since it takes time and money to complete the program.

Are There Other Considerations?

Don’t jump into an MBA program without knowing it will take a lot of time, effort, and money. Make sure the degree will take you toward your goals, both professional and personal. Many people continue working at their jobs while pursuing the MBA; some employers give time off for study. Check with yours to see if there is such a program. Also, it may be possible to find a program that takes more time with fewer courses per year. It will take longer but you will be able to maintain your income level and spend time with family and friends. Some employers place a higher value on an applicant who has work experience and an MBA versus someone who went straight from an undergraduate program into the MBA program. Again, make sure the school is accredited and has a good reputation.

What Will Be Your MBA Area(s) of Concentrated Study?

In addition to a comprehensive study of the fundamentals of management theory and practice, you will be able to concentrate on one or more specialized fields in your MBA program. Investigate the ones that are available and then decide which of these fields matches your skills, your interests, and your career goals. Below are a few examples:

• MBA - Accounting and Finance
• MBA - Finance
• MBA - Healthcare Management
• MBA - Human Resource Management
• MBA - International Business
• MBA - Management
• MBA - Marketing
• MBA - Operations Management
• MBA - Organizational Psychology and Development
• MBA - Project Management

Which Schools Offer the MBA Degree?

Education has changed considerably in the last few years. With the Internet, part time education from home or even on the road has become a practical way to earn an MBA. There are many different schools that offer these programs, most of which are accredited and some of which are ranked as desirable. Make sure to carry out thorough research before choosing a school.

How Much Does an MBA Degree Cost

For a high-quality MBA degree at one of the better schools, expect to pay from between $80,000 and $130,000 for a 2-year program. Some schools offer the program for much less but do very thorough research to be sure they will give you a first-class education and a degree that employers respect. Other things to take into considerations are travel expenses; school supplies, loss of salary and whether you will have to move to be near the campus or whether you can live at home.

Which Factors Should Be Considered when Choosing an MBA Program?
Do your own cost / benefit analysis when considering entering an MBA program. The primary factors to consider include but are not limited to:

• What will be the impact of the cost of the program (including transportation, living expenses, travel, and materials) on your life or lifestyle (family and other obligations)?
• What are your goals: program, career and personal?
• Which school meets your goals, your budget, your location, your availability, and your personal lifestyle?
• Which schools offer your chosen area of specialization?
• If you are currently employed, will your employer

Check our comprehensive information on getting a degree online: What Is Your Best Choice For an Online College Degree?

Other Useful Resources:
Useful Links to MBA-related Web sites
mba.com
New Career Content on mba.com
topmba.com

School Search

Online MBA Degree Programs and Colleges - Request Programs and Enrollment Information

Return to Top

Return to Top
About College-University-Directory.com | Privacy Policy | Contact Us
© MIG 2006