The population of Montana is 1,050,493, and that figure ranks it the seventh smallest state in the union. However, it’s a physically large state; by land area it’s the fourth largest state. Montana has eye-popping vistas and remarkable natural features. In addition to the landmark National Parks and Preserves that draw thousands of tourists from around the world, Montana has a robust business infrastructure. It’s rich in minerals, mining, farming, and energy production. The larger metropolitan areas are Missoula, Billings, and Great Falls. The state is also home to some large Air Force and other federal installations. MBA graduates are in demand from the government employers and private business interests that thrive in Montana.
Percentage of students enrolled in online programs in Montana
Students can use concentrations to improve their knowledge and credentials for work in specific fields. Through specialization, they center what they learn around the academics and skills they need to master in order to succeed in future jobs. A myriad of options are offered by current MBA programs including strategic planning, business analytics, human resources, and more. These may take additional time to complete, but you should be well compensated for the time spent. When looking for high growth opportunities in the Montana economy, students should look to the agriculture, oil, and gas sectors. The larger areas of business activity include healthcare, mining, agribusiness, oil, and gas exploration and production.
A concentration in healthcare management prepares students for a mid-to-upper level management position in healthcare institutions like hospitals, healthcare systems, and the health insurance business. Healthcare includes health administration, insurance, and a comprehensive understanding of information technology. Depending on which option you choose, you could oversee and support staff, release info on social media, or create fundraising events.
A concentration in agriculture or related subjects like trade, international trade, and marketing can prepare students for a large and fundamentally important part of the Montana economy. Agriculture involves finance, marketing, and managing systems that the federal and state governments regulate. Agribusiness goes beyond farming to transportation, processing, and distribution. International trade is a key feature of agribusiness and MBAs are in demand in the technology-oriented processes and you’ll likely take a course or two in this subject as well.
Oil and Gas
A concentration in oil and gas exploration and production is a specialized area of technology with practices of finance, accounting, and marketing. The oil and gas sector is complex and it involves securities, futures, bonds, insurance, sales contracts, and government regulation. Given the importance of oil and gas to the Montana economy, MBA concentrations in this field can prepare graduates for a wide range of opportunities in a growth sector.
Energy and Sustainable Practices
Energy production has state and federal regulations for safety and environmental impacts. It is an expansive process, often involving complex financial arrangements. The extraction of fuels poses challenges for environmental safety and compliance. Sustainable practices can avoid fines, assessments, and unwanted waste of resources or the degradation of the environment. When combined with a solid basis in management, finance, accounting, and business organizations, sustainable practices embrace technology and innovation and apply them in creative ways to solve problems.
A concentration in global trade can supplement a strong foundation in management, finance, and accounting. Global trade involves a basis in accounting, international law, trade regulations, and marketing. The global trade concentration equips MBAs with the knowledge needed to work across national boundaries in international trade and finance environments. A global trade concentration can promote MBA graduate employment in the agribusiness or oil and gas sectors in Montana.
Accreditation in Montana
There are two basic types of accreditation; they are national accreditation and regional accreditation. Accreditation serves an essential purpose for MBA graduates; it validates the MBA as a product of a quality education. Regional accreditation incorporates the standards as applied to the leading schools in the northwest US region. Accredited schools produce graduates with the expected high level of education and readiness for further education and employment. They are reviewed for the quality of the entire school, including courses and faculty.
The Northwest Commission on Colleges and Universities provides regional accreditation for Montana institutions. This institutional accreditation agency can certify the quality of the entire institution. They certify the entire University of Montana. The business school can get program accreditation from The Association to Advance Collegiate Schools of Business. The AACSB is the leading accreditation agency for MBA programs. It has the widest national and international acceptance. Alumni from schools with this credential can expect significantly better starting pay and job offers.
Top MBA Careers in Montana
Healthcare is a vibrant and growing sector of the Montana economy. The business has a public purpose and has extensive involvement with public policy and public payers.
Travel and hospitality are prominent industries in the Montana economy; the strong role of tourism comes from the amazing natural beauty and wonders found in Montana. Travel and hospitality are big businesses. They require MBAs with accounting, finance, and management skills. They also rely heavily on marketing management.
Agriculture is a significant part of the Montana economy, and it is an international trade sensitive environment. The agribusiness industry involves finance, accounting, marketing, and global trade issues.
Oil and gas exploration and development is a major growth business in Montana. An MBA equips graduates to work in this technology-driven field. It provides a solid knowledge base in management, marketing, and finance. Graduates must work in varying business environments and manage compliance with federal and state regulations.
In Montana, construction involves commercial structures, public infrastructure, housing, and military construction. The oil and gas industry requires a specialized type of construction for exploration and processing of fossil fuels.
Finance involves compliance with financial and reporting regulations. Finance MBA graduates have a strong input in making sure an organizations budget works. Finance is more than crunching numbers, MBAs get training that develops insights and inspires creative thinking and problem-solving. Financial management involves discovering the value of financial information and the ways it can move the organization towards achieving its long-term goals. Financial management is an excellent building block for entrepreneurship.