What is a master's degree in business administration (MBA)?
The Master of Business Administration (MBA) is a postgraduate university degree focused on business administration. The MBA is designed to help graduates acquire scientific and practical skills to better perform general business management functions.
The MBA program enables students to develop leadership skills, sound business knowledge, and analytical abilities to integrate ideas from various disciplines to solve complex and unstructured business problems, thus the program prepares them to be future leaders and entrepreneurs.
Requirements for obtaining an MBA degree:
Types of MBA Programs:
A two-year full-time programme
One of the most popular types of MBA programs is the two-year commitment in which candidates attend full-time study. During the first year of the program, they learn basic business skills such as strategy or communication, and in the second-year students take electives.
Although it requires a significant amount of time, it allows candidates to pursue an internship for many years.
One-year full-time programme
Suitable for candidates who do not want to spend a lot of time away from work. This type of master's program is more intensive and faster. One-year programs are often chosen by students who are trying to accelerate their current career path rather than jump to a different career path.
Students who are not looking to quit work and who want to attend school for a longer period can pursue a part-time MBA program. This type of program often has more flexibility on the number of courses that can be taken at one time.
Part-time programs may be more suitable for candidates who want to study at their own pace, as they offer the flexibility of evening or weekend classes, allowing students to balance part-time or self-employment.
Online business management program
One type of MBA program that overlaps with the above options is the online MBA. This type of program gives candidates greater flexibility regarding when they attend classes.
International Business Program
Students of this program are more diverse than traditional or local MBA students, in addition this program may be more suitable for preparing candidates to work in a multinational company.
Executive Business Administration Program
They are usually only open to candidates who already have significant professional experience and therefore tend to focus on more advanced topics such as leadership development or other skills.
Specialized Business Administration Program
Many MBA programs allow students to study a specific discipline. For example, an MBA student might major in sports management, entrepreneurship, or healthcare management.
The importance of studying an MBA: