A master’s degree in business administration (MBA) is one of the most popular and competitive graduate programs that presently exist. There are a number of reasons why people decide to pursue an MBA, and one of the most common reasons is the practical nature of the degree. An MBA can open doors to start a business, work for a large corporation or even pursue more altruistic endeavors like working for a nonprofit or government agency. Whatever interests one might have, it is likely that an MBA could help achieve one's interests in management and administration. 

Programs vary in a number of ways and course offerings can be significantly different from school to school, so it is important to look at what the core coursework and electives looks like. You should research the particular area of business that interests you the most when looking for a program and career that match your ultimate goals. Generally speaking earning an MBA can have a profound impact on your career and the effort you put into your studies will pay off in the end.

One of the other things to consider when deciding what kind of program fits best with one's interests is determining whether one would enter as a full-time, part-time, evening or online student. It is common for students to pursue part time and evening MBA programs in order to continue working their full-time job. It is often a challenging but not impossible process that a number of people choose to pursue. If you are currently working with a larger corporation, it may be the case that the company would be willing to offer to pay for the schooling. This agreement usually requires that you stay on with the company after receiving your degree, but the benefits are invaluable.

In the International Context

With the increasing internationalization of markets and business negotiations, utilizing an MBA to work in an international context is easy. A degree in this field would give you the skills necessary to negotiate business transactions across borders, manage people and programs domestically and/or internationally, and pursue your own business interests abroad. If you are interested in a more altruistic and philanthropic way to utilizing your degree, there are a number of opportunities to work in the nonprofit sector as well as working in the corporate world with corporate social responsibility endeavors.

Check out the Fellowship section for fellowship opportunities for overseas graduate study opportunities.

For more general information about MBA programs check out the Association of MBAs website.

Administration and Management

A MBA degree focused on administration and management can open up a number of career possibilities because of the broad and practical application of the degree. In these programs, you often learn the general skills needed to advance your career in management and organizational leadership. By completing an MBA, you can pursue careers in that range from chief financial officers, human resource executives, entrepreneurs to marketing managers and consultants.

Job Opportunities in the Field

Obtaining an MBA does not only help you in advancing in your career path, it also positions you to be a competitive job candidate with a number of marketable skills. Whether you’re interested in working for Microsoft as a marketing expert or interested in working for World Bank as a financial analyst, the options in this career field are numerous. Other positions that are accessible to you after completing your degree include corporate executive officers, program managers, project directors, business developers, and many others.

Accounting and Finance

Accounting and finance are two professional degrees that are in high demand, but are often misrepresented by images that reflect a person hunched over a desk crunching numbers. The good news is this is hardly the case and the career opportunities in accounting are endless. Despite this misconception, accounting courses are actually quite dynamic with plenty of components for students to consider. Not only is this a field that provides intellectual stimulation, but is also financially rewarding. There are also certification programs to develop your skills in accounting that are often necessary to pursue careers as certified public accounts and other like professions.

It isn’t uncommon for people to pursue in an advanced degree in accounting and finance while they work full-time as a way to advance their professional credentials. The certifications employers look for are Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Chartered Financial Analyst (CFA). Online college classes are an increasingly popular way for financial professionals to accomplish this goal.

Job Opportunities in the Field

The career options in the accounting and finance field are dynamic also. Amongst other opportunities, some of the positions include certified public accountants, budget analysts, budget coordinators, development coordinator, and finance director.

Entrepreneurship

Advanced degrees in entrepreneurship and small business work provide courses to pursue interests in developing a business or pursuing other business ventures. Like many of the other specializations under the MBA degree, entrepreneurship curriculum will include core courses like accounting, management and marketing. However, you’ll find that the other courses you’ll be taking will train you in areas like start-up funding, product development, and distribution and purchasing. Training in these areas will be vital as you pursue business ventures later down the line.


If you are interested in pursuing a degree with a focus in entrepreneurship consider what a career would look like in this field. It takes a particular type of person who is motivated, determined and able to handle stress to start a business. Experiences abroad place one in an advantageous position because of their willingness to try something new and test unknown waters.

Job Opportunities in the Field

Though you may assume that a degree in entrepreneurship is only for people who would like to own their own business, the skills you will gain studying this field will prepare you for nearly any other kind of career.

Marketing

An MBA marketing graduate program allows students to gain an understanding of how marketing relates to all the other functions of a business and how to integrate marketing into everything the business does. For a long time marketing alone was perceived as a job that worked primarily to dress up advertising to bring in customers. Today it has transformed into something far more dynamic where individuals working in this field conduct research in order to develop products and services that will attract clients in addition to developing marketing techniques. Pursuing an advanced degree in this area will prepare you to analyze markets and consumer interests, know how to respond to changes in the market, and develop strategies and plans that will enhance the work of the company, organization or agency.

Job Opportunities in the Field

Graduates with an MBA in marketing can look forward to exciting and fast-paced careers as, marketing executives, market research analysts, advertising directors, communications directors, telemarketing specialists, advertising copywriters, media managers, development directors, event planners, campaign managers and numerous others.
 


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