What is an MBA?
A Masters in Business Administration, or MBA as it is more commonly known, is an internationally recognised postgraduate qualification.It is designed to give an overview of business management practices taught through various subjects, so graduates are accomplished and ready for any eventuality.
What does it involve?
The workload is heavy and a lot is expected of an MBA student.Course structure can vary depending on the institution and type of course. Full-time courses generally replicate the working week and classes are normally held between 9am-5pm, Monday to Friday. Part-time programmes are less rigid and tailored to fit around work and so classes often take place on evenings and weekends.
MBA courses are typically diverse and business schools will promote this fact.
Why study for an MBA?
Some of the reasons that people choose to study for an MBA include:
Salary increase – students from the world’s top 100 MBA programmes who started degrees in 2008 and 2009 have seen their salaries double over the past five years, according to the latest research by the Financial Times. Career progression – the degree can open up many career opportunities, promotion to executive level or even allow you to switch careers and seek employment in another sector.Networking opportunities – the MBA classroom is a great place to meet like-minded people, potential business partners and forge lasting friendships. Your tutors should also have plenty of useful contacts.Knowledge gain – an MBA should, at the very least, improve your general understanding of business and management.Entrepreneurial coaching – the degree can provide you with the tools and confidence to go it alone in the world of business and there are even entrepreneurial MBAs.
How long does it take to complete?
The majority of MBA courses take one or two years to complete. However, some part-time and distance learning programmes can take longer.