MBA Courses

Masters of Administration or MBA courses can lead to virtually anywhere; they are post-graduate degrees which can be applied to corporate environments or to other companies or fields with a business component. If you think about it that means an MBA course will open the doors to any and every industry because every company and organization has a business component. That said the graduate of an MBA course is likely to thrive within a corporate structure where his or her aptitude for numbers and management can come to the fore.

Either way students of MBA courses 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 situations. Plus statistics show that 80 percent of executives responding to surveys said that a MBA course is still important to reach senior management ranks within most companies.

Once you have decided that an MBA course is right for you and the advantages are worth the time and effort you will need to decide whether you want to specialize or go for a general MBA course. A general MBA course will be shorter in duration while a specialized MBA course will take two additional years at university. Regardless of the type of MBA course there are a number of core topics you’ll take which will include accounting, quantitative analysis, economics, marketing and organizational behavior. A specialized MBA course will offer advanced study in particular areas of business such as marketing or within a particular industry.

Some of the jobs which an MBA course will qualify you for are: 

• Accounting
• Business Management
• E-Commerce
• Economics
• Entrepreneurship
• Finance
• Global Management
• Human Resources Management
• Information Systems
• Marketing
• Operations Management
• Strategic and Risk Management
• Technology Management

Those who go on to achieve a specialized MBA may qualify for these positions:

• Ethics and CSR
• Entrepreneurship
• Finance
• Information Management
• Innovation
• International Management
• Strategy
• Operations Management
• Leadership
• Marketing

If the numbers enrolling in MBA courses are anything to go by then a lot of people are career tracking for these jobs.  According to the National Centre for Education Statistics the number of MBA degrees conferred annually has seen explosive growth over the last few decades. The figures have gone from below 5,000 MBAs in 1960 to more than 100,000 MBAs in 2000 and the average number of MBA course graduates today is nearly 169,000 annually.  That figure is rivalled only by education masters graduates and most other master’s degree courses don’t even come close.

So you’ve hedged your bets, looked at your personality and your skill set and the only thing left to think about is the cost of education. An MBA course is not cheap although the price will vary considerably from place to place. Needless to say the more prestigious the facility the more you will pay. In fact at a high ranking university MBA course you are likely to pay about $10-30,000 a year over your bachelor degree fees. Factor in living and materials costs as well and the average cost of graduate study leading to an MBA sits at around about $50,000 per year. That’s an extra 100k for a two year masters from a prestigious facility.

The flip side is of course the pay when you finish school and the prevailing numbers would suggest that if you can afford the extra time and money to complete an MBA course, or even better, a specialized MBA course, then your pay should rise sufficiently to far outreach your investment.