Degree Concentrations Guide
An MBA is one of the more popular degrees found in business today. It is seen as necessary for many positions at the C-level and if you want to rise beyond the analyst level in Investment Banking, it is an absolute necessity. Not only does it provide you with heightened decision-making skills, but your firm will love having another MBA on the team.
When you study for your MBA, you will first pass through the core curriculum. If you studied business in their undergraduate years, this will be a review, but also an enhancement, of principles and concepts you have already covered. If you do not have a business degree, these courses might present a cascade of business insights. Nonetheless, your core graduate work will take you deeper into subjects including, but not limited to:
Your program will likely offer far more core courses than you can possibly take, so you will have many options. You might wish to delve deeper into favorite topics but you can also explore areas with which you might not be as familiar.
Once you have mastered the fundamentals of business, you'll be ready to specialize. After all, a master's degree is all about becoming a master of one particular thing. You can always be a generalist later, but for a master's degree you will need to focus on a specific topic, industry, or other aspect of business life. Since you will likely have significant business experience prior to starting your MBA coursework, your specialty will allow you to bring that knowledge to bear on your academic work. Here are a few specialties you might choose from, depending on your program:
International Business – Our global economy has made this a very popular choice among MBA students. Some MBA programs include an overseas trip where you'll have the opportunity to gain hands-on knowledge of how another country does business. You'll cover things like regulations, tariffs, and issues related to marketing.
Accounting – You probably took at least an introduction to accounting course in college, but now you'll have the option to dig deep into the books. If you are considering sitting for all or part of the CPA exam you will want to consult your local state's academic requirements. Your graduate adviser might also have pointers for qualifying with your state accountancy board.
Supply Chain Management – This is a very popular specialty and is a very demanding field. Since products and resources are often coming in from overseas, or being shipped to the global marketplace, you will need a master's level preparation to succeed. This specialty will give you the ability to monitor multiple variables simultaneously and make the best decision for the moment.
Human Resources – The 21st century labor market is far different from that of your parents. Workers are far more flexible and tend to stay in jobs for shorter periods than in the mid-20th century. With an HR specialty, you'll learn how to identify talent, build teams, and even manage their benefits and compensation.
No matter which area you specialize in, an MBA will take your career to the next level. Most MBA graduates find that they are soon recruited for elevated positions or are receiving raises and promotions at their current firms. You will undoubtedly find that the time it took to achieve a master's degree was very well spent, indeed.
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