Percentage of Students Enrolled in Online Programs in Pennsylvania

MBA Concentrations for Students

Though most MBA programs have similar required core coursework, there is also specific content designed for each concentration. A concentration is a focus on an individual industry or area of business. The specializations offered across the country differ but often include international business, law and legal studies, change and innovation, and more. Though a regular MBA make take only 18 months, a complex focus can be completed in 2-3 years if you attend part-time. Pennsylvania MBA programs have a variety of concentrations focused on the industries in the state.


Entrepreneurship

This provides the foundation for opening your own company. Start-up companies, franchises, and inventions are all areas where a focus in entrepreneurial skills is useful. Well-known entrepreneurs who held were alumni from MBA programs include:

  • Frank Batten – co-founder of The Weather Channel
  • Phil Knight – co-founder of Nike
  • Elon Musk – co-founder of Paypal

Coursework in this area will center on giving you the confidence you need in designing a business plan for your start-up operation, understanding the workings of working capital, and analyzing the potential success of your ideas.


Healthcare Management

The field of healthcare management continues to grow as the field of medicine continues to diversify and break off into specializations. The BLS predicts a 22% growth in this field through 2024. Admission to a concentration in this area can strengthen your ability to oversee medical facilities, entire hospital networks, and public health systems.

You also might decide to become a specialist in analyzing policy and procedure in these facilities. An MBA with a specialist concentration in healthcare management gives you an advantage in not only the application process but also in the salary you desire.


Business Analytics

Working in business analytics is like being a detective in the business world. You’ll be responsible for gathering real data from all sources in your company including outside data and examining it. The goal for this position is to analyze past, current, and future trends, then hold that against different variables in the economy with a goal of reporting your results to management and helping develop future policy and procedure.
You’ll be confident in using various analytical methodologies to gather and analyze information. What you compile and report can then be used by management to steer the future of the company.


Human Resource Management

As a human resource manager you’ll be expected to keep up with state and federal labor laws. In addition, you’ll develop training materials for new employees and continued training for employees. Compensation policies, organization charts, benefits, and performance reviews are all things that you can manage for the company. Today, HR managers are typically included in executive meetings as part of the corporate structure development.

A concentration in this field includes coursework designed to prepare you for today’s human resource management career.

Accreditation in Pennsylvania

Accreditation is one of the terms that is an important factor in the world of MBA attainment. The Advance Collegiate Schools of Business (AACSB) is the gold-standard for national accreditation in MBA programs. It means that the faculty and courses are approved as meeting the highest educational standards. This organization only presents accreditation to the top 5% of MBA programs throughout the world, therefore, choosing a program that holds this honor, assures you of a top-notch education.

If you cannot find a suitable program with AACSB accreditation, you can instead focus on those accredited by a regional agency. Though it may not seem like it, regional accreditation is often even more prestigious than national, especially if you are looking to work in the same region where you obtain your degree. Regional accreditation still promises the knowledge, coursework, or credentials to make it worth getting the MBA. The regional agency for Pennsylvania is the Middle States Commission on Higher Education (MSCHE)

When you leave school and begin applying for positions, many companies are not going to consider your MBA if it came from a non-accredited school. The accreditation lets potential employers know that you have been provided with a curriculum that rises to the standards necessary. It means that your school’s research department and various programs are up to par and that students in the MBA program are succeeding.

Top MBA Careers in Pennsylvania

Typical annual salary: $110,000 - $150,000

In this position you would be charged with the development and implementation of company strategies that will enhance the company's overall financial health and performance.

This will include improving the financial performance all company assets/properties as well as overseeing the asset department.

Key duties:

  • Maintain the company's financial performance portfolio
  • Work with department heads and executives by providing strategic procedures
  • Measure and analyze all operating metrics and recommend future strategies to improve performance

This position is perfect for the MBA who loves technology.

Typical annual salary: $86,707 - $275,707

Key duties include:

  • Monitor security measures and implement changes as needed
  • Review, purchase, and oversee all hardware and software use within the company
  • Design and implement the company-wide networking system
  • Determine goals for future IT health within the company
  • Maintain all company software licenses and make sure they remain current

Typical annual salary: $94,000 - $120,000

Key responsibilities:

  • Analyze various data to determine where marketing and branding efforts should be concentrated
  • Develop and oversee a brand for the company
  • Implement marketing strategies to promote the brand
  • Oversee the social media platform for the company to ensure consistency in brand recognition efforts
  • Develop ways to gather consumer, client, customer feedback and use the data to continue to improve strategies for branding purposes

Typical annual salary: $99,000 - $140,000

Key responsibilities:

  • Design and implement a recruiting strategy
  • Oversee the hiring and termination policies
  • Remain current on federal and state labor laws
  • Design and implement all staff training
  • Remain current on discrimination laws, bullying laws, sexual harassment laws, and hostile work environment laws
  • Meet with executives and department managers

Typical annual salary: $80,000 to $175,000

Key responsibilities:

  • Provide recommendations to management and executives
  • Study market and financial trends industry-wide
  • Steer the financial health of the company through early recognition of needed adjustments and implementation of them.
  • Predict outcomes for your company based on those trends and your company data