MBA means Master of Business Administration. These postgraduate courses are aimed at undergraduate students that want to develop a career in the world of business. They cover many fields such as marketing, economics, entrepreneurship, management, accounting, education, human resources, media, health, tourism and so on.
Nowadays business can be applied to numerous sectors. The quoting might be ‘if it needs to be managed, you have to gain the skills to run it’ even if it’s a bank or a bakery. But having second thoughts about MBAs is legitim.
How many types of MBAs are? What are the requirements to be admitted? What am I exactly going to learn? How MBA helps in career growth? In this post, we’re going to solve the most frequent doubts about the Master of Business Administration.
What are the different specializations in MBA?
Like we mentioned before, there are many types of MBA courses.
Full-time MBA. They take place over two academic years. Participants must dedicate a lot of hours to study for the degree; therefore, there is less time for work, family or leisure. Full-time MBA are more suitable for participants with one-to-two years of work experience or for those on sabbatical.
Part-time MBA. This programme can be attended over three years or more, allowing students to continue working because most of the classes are held during evening or over weekends.
Executive MBA (EMBA). The targets of EMBAs are managers and executives so the summary is tailored to meet their educational needs with a full-time work. Also, a higher level of work experience, often 10 years or more, is necessary to complete this programme.
Global MBA (GMBA). The GMBA programme normally includes classes, internships (or both) in different countries. For this reason, it’s a requirement to accredit a high level of languages such English, French or German, depending on the city you’re going.
Online MBA. Most or part of the programme is delivered via pre-recorded videos or videoconference. The professors will be available by email too.
What are the requirements to be admitted?
- An undergraduate degree (with a few exception) in any subject: remember, everything can be related with business.
- Academic qualifications: if you do not meet the academic requirements, you may be assessed on relevant work experience.
- Work experience: A minimum of three years of relevant professional experience.
- English fluency (GMA, TOEFL/IELTS exams).
- Sometimes, a high level of any other language.
What am I exactly going to learn?
MBA programmes are organized around core and elective courses. While during the first year the summary is concentrated in management and analytical knowledge, in the second year students can choose among elective courses aiming to a specialization in marketing, economics, human resources, and more.
Course include case studies and team projects similar to real world business, situations that the students face to gain both theoretical and practical experience. During this process, you will get full-time support from the teaching staff until the dissertation of your major project.
How MBA helps in career growth?
As an MBA might represent a great investment of time and money, some candidates are wondering if it truly worth. You should consider:
- There is a huge variation between one institution or another.
- MBA compete with other master degrees such as the Master in Management.
- The question: why am I interested in an MBA? The practical use marks the difference.
- Once you’ve gained the skills, you can always consider self-employment.
Looking for the best option? Find it out!
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