If you’re serious about climbing to the top in your business career and making as much money as possible, few things are as advantageous as a Master of Business Administration (MBA). It’s far more than just another degree on your resume. Employers search for it, because they know that if you’re an MBA graduate, you’ll have the ability to think strategically, communicate well, and stay abreast of the latest developments and technologies in the field. However, if you’re already a professional, you likely already put plenty of effort into your career, and you’re likely to find yourself pressed for time when you have work, family, and other life commitments as well. An online MBA offers you the options and flexibility you need to complete this critical part of your education on a timeline that will support your future needs, whether you take courses full-time or part-time. After admission to a program, professionals take as little as a year or 18 months, or as many as three years to finish the full content of your academic studies.
Percentage of students enrolled in online programs in Virginia
MBA Concentrations for Students
Rather than only a general MBA, many students are drawn to MBA concentrations in main industries or fields. While you’ll find a variety of concentrations in any state, you tend to find that in-state programs know which concentrations have a higher demand in their own region. Some of the various specializations available in the US include innovation management, strategic planning, and the executive MBA for leaders. Considering how much more info you can learn in terms of your chosen field in these concentrations, this isn’t something you’ll want to skip over.
A concentration in business analytics teaches students how to make business decisions using sophisticated and current data analysis. This is the kind of concentration valuable in virtually any field, as these advanced technical skills are in high demand in both general business and particular occupations. Data-driven decision making is a key ability for top executives.
Maritime, Ports, and Logistics
Virginia’s Port Authority covers four marine terminals at Norfolk, Newport News, and two at Portsmouth. There is a demand for port and maritime management at various nationwide locations and internationally. This is a highly specialized concentration and many who go into the field are former Navy officers or shipping company executives.
Public Procurement and Contract Management
This is another concentration well-suited for the Virginia area, with its high number of federal employment opportunities and projects. In some schools, this specialization is known as a government contract concentration. The focus is on public contracts at every level; local, state, and federal.
A real estate concentration will significantly benefit anyone planning a career in some form of property sales, managerial duties, fiscal housing policy, or mortgage securitization. This is true whether the candidate plans to be employed by a company or branch out on their own.
Those desiring a senior position in retail companies can enhance the possibility of reaching a top post with this MBA concentration. This concentration focuses on marketing, finance, and accounting. It’s also a flexible concentration, enabling graduates to work in a variety of fields and industries.
Accreditation in Virginia
Seek out online MBA programs in Virginia accredited by the Association to Advance Collegiate Schools of Business International (AACSB). This accreditation is considered the business school gold standard, and corporate employers look for graduates from schools with this accreditation. Only about 30% of online MBA programs receive AACSB accreditation.
The Southern Association of Colleges and Schools Commission on Colleges (SACSCC) is the regional accrediting body for institutions of higher education in Virginia. SACSCC accreditation is recognized by the Council on Higher Education and the U.S. Department of Education. Other accreditations to look for include the Association of MBAs (AMBA), a designation given to some of the most well-regarded business schools in the U.S. and Europe. For online education only, the Distance Education and Training Council (DETC) is another valuable accreditation.
Top MBA Careers in Virginia
This job involves collecting and reviewing data with the goal of determining the marketing and business trends for an industry. Business analysts may find employment directly with companies or set up their own operations as consultants.
This position involves creating marketing and other vital strategies and overseeing their implementation. Constant monitoring is necessary to measure results and metrics, and make changes as needed.
An individual in this position creates financial models for their company, along with exploring investment opportunities, predicting revenues and expenditures, and determining cost projections.
The person in this role oversees a company’s production of goods or services. This may mean staff recruitment, inventory oversight, and the determination of purchasing needs. As the manager, the individual in this position is responsible for the company’s overall operations, or a particular division of the organization.
As the title implies, the person in this position is responsible for a project’s overall planning and execution from start to finish. This involves the project’s design, its monitoring processes, and keeping it on track until its completion.
Making sure supply meets a company’s demand is vital to an organization’s health. This position involves data collecting and analytics for improving a company’s supply chain management, and ensuring this system works as smoothly and efficiently as possible. Such management involves procurement and sustainability, along with logistics and pricing.