Thinking of furthering your career in business? For a promotion, salary increase, to make yourself stand out or because you simply have a passion for business you may want to consider furthering you business education. If this sounds like you, then a good option for students or current professionals looking to expand their scope of understanding in this field is to enroll in a MBA graduate program. This is the graduate degree most business professionals choose when they want to own or manage a large scale business. Some of the most successful people in the world have this degree, however there are many different specialties within it.
The MBA (Master of Business Administration) is a postgraduate degree that is awarded to students who have mastered the study of business. The MBA degree is thought to be one of the most prestigious and sought after degrees in the world. Part of the reason is because this degree is so versatile. Leaders in a wide range of industries got where they are in part thanks to an MBA degree. In many cases an MBA is even required for executive and senior level positions within a company.
It should be noted that getting is not only time consuming, a full time MBA student is in school for two years, but costly as well. Often times an MBA costs four times as much as an average yearly salary. However, once you complete schooling and enter back into the workforce, the average salary for someone who holds an MBA is close to and often times over 100,000. So as with any education and especially with masters and doctorate graduate degrees there is a big monetary risk involved with pursuing them. As long as you are a good student, have the time and determination to stay dedicated getting this degree pays off big in the long run more often than not.
Students of MBA programs 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. An MBA is also meant to introduce students to the core foundation of business, with courses on accounting, finance, marketing, human resources, and operations management. Students in MBA programs have the option of taking general business courses throughout the program or can select an area of concentration and focus approximately one-fourth of their studies in this subject.
In today’s competitive job market it’s essential to go the extra mile, for those in the business field an MBA is an important degree to obtain. If you are trying to apply for any mid or upper level position in a business of any size at all, the applicants with the proper education almost always win out. After completing this degree students walk away with a more advanced understanding of business and a brighter future in their career. It goes to show why so many Americans are investing more into education even through the slumping economy. There will always been a high demand for educated business professionals who have been taught how to achieve business success.
When it comes to finding great MBA programs in 2013, many of us start with the questions: Is it a good school? What does it cost? Of course, when it comes to gaining the edge in highly competitive fields, there are lots of other things to consider to gain as much as possible from a graduate school experience.
Employment Potential Schools often share the percentage of their graduates who are employed. The top MBA schools work with existing companies giving students the opportunities to solve real-life problems. This type of learning-working relationship gives students great chances for networking, strengthening resumes, improving their stress management when making tough business decisions, and developing a history with a company before applying for jobs.
Location Schools near major businesses offer great networking and internship opportunities. For example, MBA schools near San Francisco are conveniently located near hotbeds for Google and Visa. Location can also affect employment potential because of the increased chances for companies and schools to work together.
Variety of Concentrations To accommodate the needs of an evolving workplace, good MBA schools will offer many areas of study. However, great MBA schools will offer concurrent degrees, joint degrees, or even dual degrees at another institution. These degrees can be earned when a school or program agrees to accept credits from other schools toward additional areas of study. Think of it as having a chance for a double major with a little extra course work, and then having a second MBA.
Time Commitments Find out if an MBA program offers part-time degree options, Ph.D options, and how long the programs usually take. Some of the top MBA school programs can be completed in only 21 months by taking advantage of evening and weekend options.
Graduate Organizations Not only are graduate clubs and activities important for socialization and recreation, but they can provide opportunities for attaining leadership positions that look great on resumes.
Rankings Top MBA school rankings in 2013 can be helpful, but make sure you know what characteristics earned them their rank. Schools have programs of study that may be individually ranked higher or lower than the school as a whole.
Tied for 1st: Harvard University Business School
Stanford University Graduate School of Business
3rd: University of Pennsylvania Wharton School
Tied for 4th: Massachusetts Institute of Technology Sloan School of Management
Northwestern University Kellogg School of Management
University of Chicago Booth School of Business
7th: University of California-Berkeley Haas School of Business
8th: Columbia University of Business School
9th: Dartmouth College Tuck School of Business
10th: Yale University School of Management
Its never easy to find the top MBA program for your own individual needs but with this advice, hopefully you can see what is important and choose between some of the higher rated schools so you know you are getting the most out of your business degree.
Welcome to top MBA programs 2013, your home for the most up to date information on how to choose the right MBA program for your own individual wants and needs and to learn what the top MBA schools are this year in 2013. Keep reading for much more information to come soon.