Thursday, November 19, 2015

Monday, November 2, 2015

What is an MBA? MBA stands for Master in Business Administration and consists of a program of curriculum that provides a foundation in the core concepts of business, including management, finance, economics, sales, marketing, human resource management, and supply chain management, MBA Requirements Most MBA programs require that you hold a bachelors degree with very high GPA. The GPA requirements will usually depend on a comparison with the other candidates for the program, making entry into MBA programs very competitive. Previous coursework in business will be useful but is not always required. Because colleges and universities want you to also have real world experience, few MBA programs will allow you to enter straight into the program after your bachelors degree is complete. Usually you are required to have at least 2 years full-time work experience after receiving your bachelors in order to enter the program. In addition, you will likely need to take the TOEFL and GMAT. Score requirements for theses exams will vary by school and may also depend on the exam scores of the other candidates applying at the same time. And most MBA programs will require a written essay and an interview (or series of interviews) to assess your candidacy for the MBA program. Particular importance is placed on the interview, as it will allow you to set yourself apart from other candidates. Types of MBA specializations The purpose of your MBA is to help you land the job you want, in the area of business you want. To that end, there are many different MBA specializations to help you do that. Every college and university has its own set of options when it comes to MBA specializations. So it's important to consider your desired specialization before you choose your school. Keep in mind that some career paths will not require you to have an MBA, for example, in order to become an entrepreneur, real estate agent, or restaurant manager, you don't necessarily need a degree, or an MBA. However, if you're seeking an upper level management position with a company you've worked for for several years, an MBA might be just the leverage you need to be considered for the position. In addition to the more common specializations, like economics, finance, and marketing, other specialization include: MBA in Health Care Management - prepares you for middle to upper level management in healthcare. Keep in mind that many of these positions may require some sort of medical credential in addition to your MBA. MBA in Human Resources (HR) - prepares you to work as the head of the HR department, advertising for, recruiting, hiring, training, evaluating and firing employees. MBA in Marketing - prepares you for a job in marketing, which may include media purchasing, working with a creative team, or writing ad copy for an advertising agency or PR firm. MBA in Communication - the study of communications prepares you for jobs related to journalism, PR, media and advertising. MBA in Project Management - project management is essential for fields like construction, technology, software development, architecture, and R&D firms. MBA in Entrepreneurship - focuses on developing critical thinking skills necessary for flexibility and innovation in a rapidly changing environment, usually best suited for technology endeavors. MBA in IT Management - prepares those with a background in programming, software development, CIS, database administration or IT to take on greater responsibilities managing a team.