Home Tags Posts tagged with "MBA"

MBA

0

The Master’s in Business Administration is a powerful degree, especially early in a professional’s career. Even without any real-world work experience, an MBA-holder can qualify for management positions, catapulting them up their career ladder and radically increasing their earning potential. Yet, MBA programs tend to be broad, covering a large territory of business knowledge in their attempts to equip grads with appropriate management skills regardless of industry. Worse, the number of MBA grads is growing, weakening the impact of the credential and creating hiring competition that hurts job seekers.

If you know you want to return to school to improve your career, you might be interested to learn that there are several other business-focused graduate degrees that have even greater potential than the MBA. If you have the interest and credentials, you might consider applying for any of the following graduate programs:

Master of Management

An MBA isn’t the only degree that propels professionals into management. A Master of Science in Management (MiM) degree program is designed to equip students with the necessary skills and techniques for excelling in business leadership positions, with courses focused on business communication, negotiation, presentation and public speaking as well as strategic analysis, decision making, innovative design and organizational change. Often a one-year program, an MiM is an excellent degree option for professionals eager to enhance their credentials but loath to leave work or commit to more intensive study.

Master of Finance

Business students are often encouraged to enter the field of finance, and for good reason. Finance professionals are consistently in high demand, as business leaders rely on their expertise to understand and manage opportunities for growth. MS in Finance programs are appealing to a wide variety of finance professionals as courses build upon knowledge and skills gained in undergraduate finance programs. Students can expect to participate in courses such as financial modeling, financial reporting, corporate value management and more.

Master of Accountancy

Many accountants opt not to return to school after earning their bachelor’s and achieving their CPA certification, but a Master of Accountancy (MAcc) degree is a useful tool for accountants looking to move to more advantageous roles in saturated markets. Often, students enrolled in MAcc degree programs choose between two tracks: auditing and taxation. By specializing, accounting professionals can become adept in a particular field and thereby rise to director and vice president positions. Students can expect to engage in study such as accounting theory, business law and advanced auditing and taxation techniques.

Master of Marketing

Marketing tends to be a relatively easy field for professionals to enter, but it can be remarkably difficult for low-level marketers to climb the career ladder without advanced credentials and expertise. Thus, the MS in Marketing degree is a valuable one for any professional interested in reaching high-level marketing positions. Marketing programs tend to be flexible, as marketing strategies shift with trends and evolving technologies. Still, marketing students can expect to gain skills in traditional areas such as market research, consumer behavior and statistics as well as in growth areas such as behavioral tareting, social media and mobile marketing.

Master of Entrepreneurship

Many business professionals have dreams of launching their own startup, but building a business requires a much different type of knowledge and set of skills from running an established business. Professionals with entrepreneurial goals should consider pursuing an MS in Entrepreneurship, which focuses on courses that can prepare students for the rigors of business ownership, which often cover many different fields of business operation, from finance to marketing. Many business schools allow entrepreneurship students to create their own degree program to suit their interests and needs.

Master of Health Administration

Business professionals interested in the healthcare sector would do well to enroll in a MS in Health Administration program, in which they will gain specialized knowledge and skill for building and maintaining a healthcare organization. Healthcare companies have unique concerns, such as more intense government regulations and ethical standards, and administrators running the business side of healthcare operations need to understand these issues. Fortunately, the specialization required for healthcare administration is well-compensated, as healthcare administrators boast strong earning potential.

If you want to differentiate yourself as a business professional, you have far better options than the basic MBA. You should look into your online master’s program options to advance your career today.

0

When it comes to advanced degrees in the world of business, few are as pertinent as the Master of Business Administration degree, or MBA. It is one that is vastly popular among those who wish to make it big in business and can be extremely helpful in letting future and current employers know what sort of knowledge base and business acumen you possess.

While an MBA isn’t necessarily your guaranteed ticket to corporate success, it can provide you with a great number of skills and relevant knowledge about business. The things that you gain from completing your MBA might be the catalyst you need to find success in your own career.

It is important to bear in mind that as the popularity and demand for MBA programs has increased over the years, so too has the number of universities offering variations of MBA programs. Not all are created equal, so you should take your time and put in the necessary research before enrolling on a program so that you can get the most out of the experience and investment.

If you do make the decision to earn your MBA, here are fourkey skills and business advantages that you will gain from the process:

Image source Flickr

1. Leadership Skills

Most people who enrol in an MBA program do so because they aspire to assume a leadership role in the world of business. Some might wish to start their own business and act as a leader in that regard. Others might hope to one day be considered for a major promotion at an established company that would place them in a position of leadership.

No matter what your specific ambitions are, if they involve the acquisition and development of leadership skills, then an MBA is a good option to consider. Institutions like Aston University provide students with the skills they need to act as reliable leaders in the world of business.

2. Communication Skills

Of all the things that you will need in order to be successful in a career in business, excellent communication skills rank among the top. You will be expected to have the ability to communicate across a variety of platforms and to various people both above and below you in the hierarchy of your place of work.

If you do come to assume a leadership role in your career, it is important that you know how to communicate efficiently and effectively to those reporting to you. You will also need to have the ability to communicate respectfully and professionally with those who rank above you. From writing well to speaking confidently and concisely, you will have the opportunity to sharpen all of your communication skills when you earn your MBA.

3. Connections

When it comes to a career in business, one of the most important resources at your disposal is that of a strong professional network comprised of valuable connections. The connections that exist in the world of business are what drives industry and innovation forward. Therefore, when you receive an opportunity to network and make more connections, you should go for it. An MBA can provide you with just that via the alumni network at your institution.

Most major universities have sizable alumni networks that are specific to their MBA programs. By enrolling and completing a program at such a university, you obtain access to that network. You never know how profitable such connections might turn out to be when utilized properly.

4. Credibility

When you earn your MBA, you receive a certain amount of credibility along with it. This is because the education that you receive from an accredited MBA program is one that equips you with a certain level of knowledge and a particular skillset. Most people in the business world know what that knowledge and skillset entails, therefore establishing a level of expectation for anyone who has an MBA.

It is true that an MBA is no longer as novel as it once was. Programs are far more accessible due to online education options and the sheer number of universities that offer the degree. That being said, when you are able to place those three letters after your name, it immediately conveys to anyone who reads it that you are serious about your career and have what it takes to succeed.

Not only does this grant you a certain degree of credibility with employers, but if you find yourself in a management position, those who report to you will be able to trust in your leadership capabilities.

© © 2011 - 2023 BelleNews.com