In the past, it didn’t really take much to run a successful business. But in today’s world — with all the new technology, techniques and programs — you may need a degree to be able to manage a company. This is one of the reasons why getting a Master’s in Business Administration (MBA) would be a wise choice. Another reason is, unlike most degrees that limit you to basically one profession, having an MBA opens the doors to numerous opportunities in healthcare, accounting, marketing, finance, and more.
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Concentrations are extra courses that you can take in addition to your curriculum, much like majors. The difference is that they are not required in most colleges, although some suggest that you take at least one or more of these extra classes. Adding concentrations to your educational plan can be a great benefit to your career as they can open up more opportunities for you while putting you a step ahead of your competition – not to mention they look great on a resume. Like everything else in life, there are some drawbacks to incorporating concentrations into your plan. For one, it adds more time to your already busy schedule, and two you have to pay extra for them. However, depending on what you are trying to achieve, the benefits usually outweigh the drawbacks when it comes to learning.
The following are just some of the many concentrations that may be available to you…
The world of finance is a highly profitable industry that goes hand in hand with an MBA. Finance concentrations can help you gain more knowledge in the field of banking, special financial services, and risk management, just to name a few; while preparing you for a respectable career in corporate financing or better yet, a more lucrative position in management.
Technology or Information Technology
Adding technology concentrations to your MBA plan, can lead to a high-tech career, maybe as an IT consultant, a data analyst, or a strategist. It may even land you a job at one of the leading technology firms in Nevada like Microsoft, Google, Apple, Amazon, or another.
Thanks to the internet creating so much competition for businesses and manufacturers throughout the world, marketers are always kept busy. Therefore, taking concentrations in anything relevant to this field would be very wise, as they can help you to become a professional marketer for a company or a marketing manager at a major corporation.
Operations Management or Supply Chain Management
Due to a recent major increase in complex global business systems, Operations and Supply Chain Managers are now in huge demand. You can choose concentration courses to learn about logistics and other issues pertaining to these career choices and be headed for a well-esteemed position in this field.
Choosing to participate in a consulting concentration can prepare you for multiple roles in the field of consulting. Many firms require the services of a consultant to help get them where they want to be. Moreover, a consultant is not limited to a specific industry; rather they are spread out and involved with many different firms and businesses.