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What Kind of Jobs Can I Get With an MBA?
Wondering whether or not an MBA will truly advance your career in business? Read this article to discover what kind of jobs you can expect to get with an MBA degree.
What is an MBA?
A Master of Business Administration (MBA) degree is granted after one or two years of study at a graduate level institution. Students who are enrolled in an MBA program receive training in the theory and practice of business management. This degree can increase the number of jobs that you are qualified for, as well as your earning potential.
Jobs for Grads with an MBA Degree
Earning an MBA degree can make you much more valuable to employers. This degree certifies that you are prepared to handle almost any management role found in a modern corporation or organization. The type of job best suited for an MBA grad depends on the type of MBA degree that was achieved.
For example, an MBA grad that specialized in marketing will easily be able to obtain employment in the marketing field, while an MBA grad that specialized in finance will be best suited for a position in the finance industry. General MBAs, on the other hand, can secure employment in almost any business sector.
MBA grads most commonly work in the following fields:
· Accounting
· Consulting
· Finance
· General Management
· Human Resources
· Marketing
· Sales
Salary Potential for MBA Grads
MBA grads can command higher salaries than those who have not obtained a master's degree. Base salaries for MBA grads typically start out above $80,000, with total compensation amounting to more that $100,000 when benefits, bonuses, and profit sharing figures are taken into account.
MBA Scholarships
MBA scholarship programs provide financial assistance for deserving MBA students. Such types of scholarships are available for both financial assistance and academic accomplishment. Mainly, these are best suited for those who actually believe that this assistance to be worthy of them. You can get MBA scholarships from numerous sources, including professional associations, private companies, and foundations. Depending on the source, the eligibility criteria also vary with academic achievement, leadership potential, and managerial experience. In addition, a number of independent bodies also offer grants to leading business schools to set up these scholarships.
An MBA program needs a massive financial investment which stretches throughout the program. Sometimes it may not be affordable for students from average families. Then these students will need a financial assistance. The cost of an MBA program includes a course fee of about $ 8,000 to $60,000 a year, boarding, food, travel, books, a PC, etc. In the USA, around 60 percent of the MBA students receive scholarship assistance. The scholarships are available for both full-time and part-time programs.
Today, a number of colleges award scholarships for the part-time evening MBA students. This financial assistance is limited to non-academic employees and academic professionals who will retain their jobs while participating in the MBA program. Nearly all the applications are automatically considered for merit scholarships in reputed business schools. Such type of scholarship ranges from $4,000 to full-tuition fee. Entrance scholarships, amounting up to $175,000, are awarded to full-time MBA students who have demonstrated outstanding academic records in their previous classes.
You will get information on any type of scholarship from business school information centers or the school websites. In addition, numerous search services on the Internet will provide you the facility to locate MBA scholarships. Some scholarships require periodical renewal. This may involve continuous maintenance of your academic status and a minimum GPA, retaining full-time enrollment, and continuing to study in the same major. Some others require community service and other extra curricular activities. Most colleges offer these academic MBA scholarships with an aim to attract very talented students.
World University Ranking - Top Ten Online Universities
Want to study for an online degree program? There are many online universities and colleges offering high quality education online.
Online Degree Programs:
Online degree programs offer many advantages such as flexibility and cost savings. Learning can take place at anywhere in the world, individual student can choose where, when and how to study.
Online programs are offered at different levels ranging from Certificate program, Diploma program, Associate degree, Bachelor degree, Graduate Certificate, Graduate Diploma, Master degree to Doctorate degree. Subject areas include business, psychology, nursing, education, sociology, information technology and so on.
Top 10 Online Universities:
According to "The Best and Worst Online Degree Programs" 2007, the top ten online universities in the world are as follows:
(1) The University of London (UoL)
(2) The University of South Africa
(3) The University of Phoenix
(4) The University of Texas
(5) University of South Australia (UniSA)
(6) University of Southern Queensland (USQ)
(7) The University of Maryland University College
(8) Golden Gate University
(9) Ellis College of NYIT
(10) Stanford University
The University of London is ranked number one in the world for its outstanding online degree programs. It offers more than 100 online and distance qualifications through the University of London External Programme. Students studying through the External Programme are examined to the same standard as full-time on-campus students.
The University of South Australia is the leading provider of distance education in Australia. With more than 32000 on campus and offshore students, it is now the largest university in South Australia.
Prospective students are advised to check the accreditation and reputation of online universities and colleges before enrolling into a program of study.
Top Ten One-Year MBA Programs
One-year MBA programs are perfect for people who already have a master’s or graduate degree in a complimentary subject and for those who cannot afford to spend two years of their life in school or far from their families. Whatever your reason may be, here is a list of some of the top one-year MBAs around the world.
Northwestern University
Kellogg School of Management
Location: Evanston, Illinois, USA
Program: One-Year MBA
Ranking: #5 by US News and World Report, #3 by BusinessWeek, #19 by Financial Times
Description: This 12-month program at Northwestern focuses on core courses during the summer and electives during the following year. The program is tailored for students who possess an undergraduate or graduate degree in business.
Tuition: One-Year MBA Program $58,580
INSEAD
Location: Fontainebleau, France or Singapore
Program: MBA
Ranking: #7 by Financial Times, #9 International by the Wall Street Journal, #6 by BusinessWeek
Description: INSEAD offers two campuses and two start dates. Students can choose to apply to the European campus in Fontainebleau, France or to the Asian campus in Singapore. In addition, there are two start dates – July and January. The program lasts 10 months and is divided into 5 periods that include core and electives courses.
Tuition: Fees for self-sponsored participants €48,800; Fees for company-sponsored participants €65,000
Instituto de Empresa
Location: Madrid, Spain
Program: International MBA
Ranking: #11 by Financial Times, #12 by The Wall Street Journal, #6 by Forbes
Description: The International MBA at Instituto de Empresa lasts 13 months (November – December) with a pre-program/orientation session that starts in September and includes an intensive Spanish course. The program includes core courses, electives, forums, optional business Spanish lessons, and projects.
Tuition: €45,000 + €1,050 (contribution to the IE Business School Foundation)
Cornell University
Johnson School
Location: Ithaca, New York, USA
Program: Accelerated MBA
Ranking: # 14 by US News & World Report, #13 by BusinessWeek, #29 by Financial Times
Description: Cornell’s One-Year Accelerated MBA program lasts 12 months starting in May and graduating the following MBA. This program is specially designed for individuals who already possess a graduate degree in a technical, scientific or quantitative field. It requires strong quantitative skills and professional work experience.
Tuition: $62,600 USD
Cambridge University
Judge Business School
Location: Cambridge, United Kingdom
Program: MBA
Ranking: #15 by Financial Times
Description: The One-Year MBA program at Cambridge starts in September and ends in August with the culmination of an individual project. The program includes core courses, electives, a Cambridge Venture project, a global consulting project, and an individual project. One thing that distinguishes this program from the rest is its location at the heart of Silicon Fern – a concentration of new high-tech and bio-tech businesses.
Tuition: MBA Program £28,000 College Fee £2,000
University of Oxford
Saïd Business School
Location: Oxford, United Kingdom
Program: MBA
Ranking: #19 by Financial Times
Description: Oxford’s one-year MBA program starts in October and ends in September. The program includes core courses, electives, and an entrepreneurship project. Most of the core courses focuses on quantitative subjects such as Finance, Economics, and Decision Science, while electives include marketing, entrepreneurship, private equity and other subjects.
Tuition: MBA Program £28,000 College Fee £3,000
ESADE
Location: Barcelona, Spain
Program: One-Year MBA
Ranking: #24 by Financial Times, #2 International by the Wall Street Journal, #7 by BusinessWeek
Description: ESADE’s one-year MBA program lasts 12 months starting in April. The program requires that applicants have a business or economics undergraduate degree or an engineering undergraduate degree with significant business experience. The program is divided in 5 modules, which include core and elective courses along with Spanish lessons.
Tuition: €42,500
Emory University
Goizueta Business School
Location: Atlanta, Georgia, USA
Program: One-Year MBA
Ranking: #20 by US News and World Report, #23 by BusinessWeek, #33 by Financial Times
Description: The One-Year MBA program at Emory starts in May and lasts 12 months. Admissions requirements include that applicants have a business or economics degree, or an engineering degree and business experience. Applicants should have strong quantitative skills and significant work experience. The program focuses on core courses and electives with the majority of core courses being completed during the summer.
Tuition: $56,220
University of Florida
Warrington College of Business Administration
Location: Gainesville, Florida, United Kingdom
Program: Traditional MBA - One-Year Option
Ranking: #37 by US News and World Report, #13 Regional by The Wall Street Journal, #6 by Princeton Review
Description: Besides a tradition two-year and online programs, the University of Florida offers two options for its one-year MBA. Option A is designed for students from all majors. This option lasts 12 months and focuses on core subjects and electives. Also, option A offers a 1/3 scholarship to all students. Option B is designed for business majors who completed their bachelor’s within 7 years. This option lasts 11 months and focuses mainly on electives.
Tuition: Option A Florida Residents $9,602 Out-of-State $29,397 (including 1/3 scholarship).
Option B Florida Residents $9,602 Out-of-State $29,397
Babson College
Location: Boston, Massachusetts, USA
Program: One-Year MBA
Ranking: #41 Overall (#1 Entrepreneurship) by US News and World Report, #1 Entrepreneurship by Financial Times
Description: Ranked as the top MBA in Entrepreneurship, Babson offers an MBA program that starts in May and lasts 12 months. This program requires that applicants have a business undergraduate degree and at least 2 years of professional experience. The program focuses on core courses during the summer months, and allows students to choose their electives during the following two semesters.
Tuition: $48,668
How to Search For Reputable Online MBA Courses?
If you intend to earn a great education but you are not able to attend a physical campus, online MBA is your solution. With this online course, earning a post graduate degree over the internet while keeping your full time job is not a dream. By completing MBA degree program online, you are able to obtain higher qualification, make greater income and broaden your horizons.
One of the most reliable sources to obtain information about this particular program is by word of mouth. You may know someone who has taken this online program and he or she can share with you some of the useful experiences. If you know the person who has information in this field, do not hesitate to get more details from him or her. The comments can be positive or negative. You need to justify on your own.
If you are still lack of necessary information, you can take your initiative to find out on your own through internet. Online search is able to help you to find reputable online MBA courses and business schools. However, during this process, you will need to do a bit extra research in order to determine whether the course you select is legitimate and widely recognized. Besides, bear in mind, it is a must for you to find out whether the business school you intend to enroll has been long established. This is because most of the employers in the job market only recognize well known business schools during their recruitment.
To get a high quality MBA course online is not hard. Simply follow the tips above and you can actually get the education you desire.
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