MBA, or Master’s of Business Administration Degrees, are secondary graduate degrees that prepare students for high-level business and management positions. MBAs are offered at schools all over the world. Additionally there are many MBA options online.
According to The Bureau of Labor Statistics, top executives typically need to hold a higher education degree in order to receive advancements within an organization or business. An undergraduate degree in business administration, public administration, or law could be helpful. Top executives of large corporations usually have a MBA on top of their undergraduate degree.
The following are different types of MBA programs that are available for graduate students.
Types of MBA Degree Programs:
Although there are a few types of programs, not every business school offers all the types. Therefore, if you know the type of degree you want it’s important to make sure the school you wish to attend has the degree option available. Most schools, including online schools, offer at least one of more of the following:
- One-Year MBA: One-year programs are accelerated programs that have very rigorous academics and can be completed in 12 months. In order to be enrolled in a one-year program you must be able to completely devote yourself to full-time study. Additionally, these programs are quite competitive so you typically need a high GPA in your undergraduate business studies.
- Two-Year MBA: This is the most typical degree, usually lasting for two-years of full-time study. Since the degree is spread over four semesters, it’s a program suited best for students not working full-time outside of the program.
- Part-Time MBA: Part-time programs are the best option if you’re a working professional or have a family life and can not attend class full-time. Part-time MBAs are often offered online so you’re able to complete your education from anywhere. These programs can take three to four years to complete.
- Executive MBA: This program is best for those who are already upper level managers in businesses. It’s best for those who need additional skills to get job advancements. In order to receive this degree you must already have five years of work experience.
What degree you decide to pursue all depends on your interests and career goals. Make sure the program you choose aligns with those future goals. If you’re currently working in the field, you might want to speak with your employer to find out what program would best help you advance in your career position.