A Masters of Business Administration (MBA) is a graduate-level degree in business administration. Individuals of all industries work towards and earn MBA degrees. 66% of MBA students are male, though females have made a strong advance in recent years and now account for 34% of students.
Students hoping to enroll in an MBA program must first take the Graduate Management Admissions Test (GMAT), have significant work experience, and letters of recommendation. Programs will also usually require academic transcripts, essays, and referrals. MBA programs may also be more interested in students in careers involving social justice, community service, and other extracurricular activities. MBA students should prove not only their academic credentials, but also their personal credentials, as MBA programs desire students who will represent the school well after graduation.
Core courses are designed to provide the MBA student with an introduction to various types of business, including accounting, finance, and marketing, among many others. Students usually take a semester of core classes, with the option to focus on a specific area for the rest of their time of study.
An MBA can open many job opportunities, from financial analyst to marketing or operations officer for a company. As a well-rounded MBA graduate, you are prepared to guide the business end of a company to success.
If you already work in business, earning an MBA will most likely lead to a job promotion, and thus a raise in pay, lifestyle, and job satisfaction.
According to Payscale.com, an individual holding an MBA degree can earn between $52,734-$97,563, depending on the type of job, the individual’s experience, and the location of the job.
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