Getting your MBA at a Graduate Business School
For some the hunger for academic success is overwhelming and a deep seated appetite is difficult to quench. A simple undergraduate degree is the first course of the meal and the craving for higher education, the meat of the educational experience, is where desire truly lies. Crossing the stage and receiving the first recognition of success, a Bachelor's degree allows you to set your sights on fulfilling your Masters of Business Administration. Before stepping into the current it helps to have a broad idea of what to expect.
What it is
A Masters of Business Administration is a degree designation that recognizes advanced learning and expertise in professional business practices. An MBA education focuses on accounting, finance, marketing and human and operational resources and management. Students of the MBA program can undertake broad business practices as their course of study or they can narrow their expertise and focus on specific disciplines within the business environment.
How long it takes
MBA programs are designed to take approximately two years for completion. As the digital age continues to impact our daily lives many learning institutions have begun offering accelerated courses that allow for the student to accomplish their MBA in less time. These courses typically take approximately 18 months for completion. Part time attendance is also an option for some students, participating in classroom learning on weekends and with night classes. These programs typically last 3 years.
How much it costs
MBA programs are expensive and are designed to separate casual students from committed students. Because tuition is high and programs are expensive it is understood those in attendance are a part of the program because they want their MBA and are willing to put in the time and money to achieve it. Program costs vary by location and school. Typical programs run from $18,000 to $30,000. This cost is in addition to undergraduate degree programs.
MBA students have the option of paying out of pocket for their degree or incurring additional loans as part of their degree program. Some employers offer tuition reimbursement to ease the financial strain. As with undergraduate degrees grants and scholarships are also a potential and should be explored.
Finding a school
MBA students should have no difficulty researching a school or program. Some of the factors involved with a solid MBA program are the school's reputation, the cost, and the timeframe students are expected to finish their program. Consider also distance learning options as a means of completing your MBA. Not only are distance learning programs gaining in popularity they are also convenient and allow for students to manage a full time work schedule with a forward moving educational program.
As with any program an MBA program requires discipline and commitment. The rewards are many and the sacrifices worth the eventual goal of earning an MBA and the benefits cannot be overlooked. Lifelong business and personal contacts and an exposure to the deep inner workings of business set those that earn their MBA apart from their contemporaries.