The studies of Master of Business Administration are designed for those who seek to acquire the skills necessary for effective business management. The program can also be beneficial to people who want to pursue a career in both public sector and private companies. The program usually lasts 1 – 2 years. In most universities, studies are conducted in English.
The Master of Business Administration is amongst the most popular vocational programs of all Master’s studies nowadays. Over 2500 programs of Master of Business Administration are offered worldwide.
Some programs provide opportunities for distance learning. This may be an excellent opportunity for working people, who cannot afford leaving their workplace or families for a longer time.
Most students of the Master of Business Administration program study the following subjects: Economics, Accounting and Finance, and Marketing. Students can also choose elective subjects based on their personal or professional needs or interests.
The benefits of the MBA studies are easy to measure. Studies carried out in the United States have found that graduates from the MBA earn an average of between $ 70,000 and $ 120,000 a year, while specialists with a Bachelor’s or traditional Master’s Degree earn twice as low. It has also been proven that many graduates are highly entrepreneurial and have enough knowledge to establish and develop their own businesses successfully.
Nevertheless, one of the main aspects why graduates choose MBA is the opportunity to network in the professional field. Lecturers in the MBA programs are usually employed professionals, invited politicians, and business leaders.
The MBA is also chosen by start-up managers as well as senior managers with many years of experience. The latter are offered executive studies of MBA, where business executives discuss strategic business ideas, share their contacts and advice with their associates.
We advise you to have at least 3 years of managerial work experience before joining this program in order to have the most benefits from these studies. Many universities may also request to take the corresponding GMAT or GRE test of logical abilities and mathematics.
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