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The MBA (Master of Business Administration) is a postgraduate degree that is awarded to students who have mastered the study of business. This degree option is available to students who have already earned a bachelor's degree. In some cases, students who earn a master return to school to earn an MBA, though this is lesson common.
The MBA degree is widely believed to be one of the most prestigious and sought-after degrees in the world.
Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real-world business industries and situations.
MBA degrees are often split into different categories. For example, there are full-time MBA degree programs (which require full-time study) and part-time MBA programs (which require part-time study). Part-time MBA programs are sometimes known as Evening or Weekend MBA programs because classes are typically held on weekday evening or weekends. Programs like this allow students to continue working while they earn their degree.
There are also different types of MBA degrees. For example, there is the traditional two-year MBA program. There's also an accelerated MBA program, which takes just one year to complete.
A third option is an executive, which is designed for current business executives.
The main reason to get an MBA degree is to increase your salary potential and advance your career. Because graduates who hold an MBA degree are eligible for jobs that would not be offered to those who hold only a high school diploma, an MBA degree is almost a necessity in today’s business world.
In most cases, an MBA degree is required for executive and senior management positions. There are some companies who will not even consider applicants unless they have an MBA degree. People who hold an MBA degree will find that there are many different types of employment opportunities that are available to them.
Many MBA programs offer a more specialized curriculum. Because this type of education is relevant to all industries and sectors, it will be valuable regardless of the career that is chosen after graduation.
The options shown below are some of the most common MBA concentrations/degrees:
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