Employment Options for MBAs

By Brittni Carmen


When considering a post graduate degree in business, the most popular and the most versatile option is the Master of Business Administration, or MBA. The degree was born in 1908 at Harvard University. It has grown to include a number of different specialties which are taught in a number of different styles.

That Harvard MBA can run you up to $200,000 today, however the average program runs $60,000. Don't forget the expense of all the time spent writing papers and doing analysis. Although, some low impact online schools offer the program for as low as $7,000. Other online schools can charge weighty amounts. Many students with full time day jobs place a high value in being able to do those classes online, or those students might not have a schedule which will let them take those classes in any other format.

It is a sizeable investment that yields solid returns. Professionals with just a Bachelor of Business Administration (BBA) make much less than someone with identical experience that has a MBA. For instance, in the case of someone with 5 to 9 years of experience, the MBA makes about $17,600 more per year. Plus, the diploma is a source of pride and achievement.

Lots of MBA students never specialize. They focus totally on business management for his or her career. For that matter, several MBA programs offer only the management option. It is not a constrained choice, as all businesses larger than a handful of people need managers.

Finance is a widely held MBA specialization. Any business that deals with a reasonable amount of money or credit will benefits from someone trained in the various aspects of the financial markets. In most organizations, someone with the job title of financial analyst, budget analyst, finance officer, financial manager, financial planner, or investment banker usually have a Masters of Business Administration in Finance.

The MBA in Entrepreneurial Science deals with the creation, innovation, and growth of new business ventures. Some say that entrepreneurship cannot be taught. However, this program is really about business administration strategies that maximize the possibility of startup survival, finding initial financing, dealing with investors, and avoiding critical mistakes.

Another common need of companies of all size is marketing. Some companies are large enough to have its own marketing department, while others outsource their marketing needs to agencies. Those needs include branding advertising, promotions, and public relations. MBA grads in marketing can be found with job titles like marketing manager, branding specialist, advertising executive, public relations specialist, and marketing analyst.

Health care offers a number of prospects for anyone with the Master of business administration. The Master of business administration Healthcare specializes in the business components of medical care management, for example accounting, finance, marketing and advertising and healthcare policy. This particular degree is made for individuals who control hospitals, medical offices, other clinical care facilities and public health programs.




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