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.
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.
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.
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.