International MBAs Vs Domestic MBAs

The MBA continues be the most prestigious degree in business – and one of the most popular advanced degree in higher education. In 2016, some business schools saw MBA applications more than double their totals from 2006; the US News top 10 business schools received nearly 5,500 applications.

What explains this surge in popularity? First, return on investment. While upfront tuition costs can be expensive, MBAs dramatically increase salary potential and accelerate career advancement. Some programs boast a 10-year ROI as high as 250-325%, and many MBA graduates receive five-figure signing bonus (which can help offset student debt). On a related note, an MBA degree also offers career stability: every industry and every sector – public and private – need business professionals with technical expertise, leadership skills, and strategic insights. That means MBA graduates have career flexibility, too. Of course, business and finance are a popular landing zone for MBA grads, but many go on to careers in public policy, healthcare, information systems, and more.

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How Quickly Can I Get an MBA?

When you begin your search for an MBA program, a few things might fly to the front of your mind. How much will it cost? What’s the best program for me? How long will it take to earn my degree? It might be the last one that weighs on you the most, especially when you consider that the longer you’re paying to go to school full time, the less time you’ll have to be earning money to support yourself and mitigate the cost of tuition and other similar costs related to school. MBA programs come in a number of formats, which have a heavy bearing on how quickly you can get an MBA. If you want a quick MBA, you can find one, but it might come with other scheduling aspects you might not have considered. Let’s look at some of the options and what they entail.

Traditional MBAs

A classic MBA program is generally geared towards students that have recently graduated from an undergraduate program, preferably (although not definitely) in business. These programs cover topics like accounting, statistics (and how to use them in business, communication, business ethics, business law, finance, economics, management, business operations, marketing, and much more. These programs often take place over two academic years, and can be completed in approximately 18 months (depending on school, program and location), and require 60 credits. If you’re going to take a traditional MBA, expect to be attending school for the longest overall period of time, as the program is usually broken into two years separated by a three to four month summer break. If you’re going to take a traditional MBA, you should take a look at this ranking of the best business schools in North America. But if you need to finish your MBA at a quicker pace to get back to work (and earning more than you did before), you might consider an accelerated MBA program.

Accelerated MBA

Accelerated MBAs (also known as one-year MBAs) are programs condense the two-year traditional format into approximately one year of school. They cover the same curriculum as traditional MBAs, but understand that their students can’t be spending all their time in school, and need to get back to work, or get a new job with higher compensation considering their new degree. The way these programs get students through them while providing them a high quality graduate education is by giving students a heavier course load and examination schedule, eliminating the three to four month summer break in traditional MBA programs. These programs also typically cost less than traditional MBA programs. Clearly they come with a tradeoff: you get your degree for less money in a quicker period of time, but you have to work much harder during that shortened period. Calculate that value as you will. And, if you’re looking for a one year MBA program, definitely read this ranking on the 15 best one-year MBAs that can be earned online. The curriculum of accelerated MBAs mimics that of traditional MBAs (economics, statistics, operations, management), but often comes with a concentration in subjects like finance, healthcare, human resources, information technology and more.

Part-time and Evening MBA Programs

If there’s no way that you can compromise your weekly daytime schedule, but really want to earn an MBA, you might consider a part-time MBA program. These programs generally meet on weekday evenings or weekends. Part-time programs generally take three years to finish, and are geared towards working professionals. Perhaps the time it takes to earn an MBA is less important than how much of your life you have to devote to it on a daily basis. Another similar format for earning your MBA is evening or second shift MBA programs. These are full-time programs that meet on weekday evenings of weekends, and take the two years that traditional MBA programs do, only scheduled to meet a schedule that includes full-time work or comparable responsibilities. So the former gives you an option to take your time while you earn an MBA and maintain your current schedule, while the latter is better if you feel you can handle an extremely heavy load of courses and outside responsibilities.

Executive MBAs

Executive MBAs are aimed at working professionals that can’t stop working in order to go back to school. For the most part these degrees are conveyed through a part-time schedule of twelve to 24 months. Business schools that offer EMBA programs normally search for candidates with comprehensive managerial experience (often 5 or more years, with ten or more years of work experience). Because EMBA students often go to school while working, and hope to use their new degree in their current job, they may be able to get tuition assistance from their employers. While Executive MBA might sound like it’s for executives only, students in these programs come from all sectors, including profit, nonprofit, and government. Sometimes these programs are called Global MBAs, and involve travel, while being aimed at a similar population of students.

Online MBAs

Finally, you might consider an online MBA. While these programs vary in length of time (oscillating between the normal or traditional MBA program and that of accelerated programs), what makes them standout is their general flexibility for students. In many online MBA programs students can choose when to do their work and attend virtual classes on a schedule that works for them. While the total amount of time in the program may be as much as a traditional MBA, if it’s scheduled around your life and completed remotely, won’t it feel like a quick MBA? For more information on top notch online MBA programs, you’ll want to look at the online MBA rankings on Great Business Schools to get a look at the full array of options you can choose. Many of these rankings are separated by fields of interest, so if you want an online MBA in entrepreneurship, finance, real estate or other topics, this is the place for you.

Editor’s Choice For Best Online Business Degree Programs

10_business_editors_choiceIn an increasingly complex, fast-paced, and transforming business world, businesses, corporations, and organizations need well-trained professionals to lead, manage, and innovate. Time and again, companies have turned to MBA graduates, and the habit is expected to continue. According to the U.S. Bureau of Labor Statistics, employment for MBA graduates will continue to grow through 2022; and jobs for training and development managers are projected to increase 11 percent. MBA candidates study everything from accounting and finance, to strategic management and decision making, to organizational behavior and entrepreneurship. Most programs include experiential, hands-on learning opportunities to provide students with valuable real-world work, and many offer customization options in addition to the core business curriculum. Still, while the traditional on-campus route remains popular, more and more students are choosing to complete the degree online to avoid disrupting their careers. And as demand for the online MBA has increased, so has the quality of the supply: some of the top business schools in the country now offer the same MBA online as one can earn on-campus. Below, find our top fifteen programs.
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What is an MBA?

The MBA is a specialized postgraduate degree for professionals who want to master the science and application of management models used to operate businesses. Those who pursue this degree take on concentrated studies in marketing, human resources, accounting, economics, finance and business administration. The degree is considered so prestigious in the business world that some executive level jobs make it a requirement. Some HR recruiters who are seeking to fill higher management positions at corporations will not even consider candidates who have not earned an MBA.

A Brief History of the MBA

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Accelerated MBA Programs

Many people in the work force are realizing that they need something more than a bachelor’s degree to advance in their industry. While some may recognize the value of a Master’s of Business Administration (MBA), there are quite a few of this number who do not want to take years out of their professional and personal lives in order to pursue a master’s degree. Various business schools in the United States and abroad recognized this need and began offering accelerated MBA programs.

The difference between a regular MBA and an accelerated one is that a normal MBA degree program takes two years to complete, while most people complete an accelerated program in 12 to 15 months. Students who enroll in accelerated MBA programs are usually expected to attend class full time. These accelerated business programs are also known as fast track MBAa or a one-year MBA program.

Where Can I Find Accelerated MBA Programs?

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How to Choose a Quality MBA Program

Although it is possible to succeed in the business world without a graduate degree, getting an MBA from an accredited program remains the best way to advance in today’s competitive job market. MBA programs greatly increase a job candidate’s networking capabilities and provide unique opportunities for students to find mentors and get internships that transition into post-graduation careers. MBA programs also provide students with excellent opportunities to learn specialized skills to help them succeed in entrepreneurial ventures or get a job in a niche field, like information technology or international finance.

The single biggest reason people choose to get an MBA degree is earning potential. The salaries of individuals with MBAs can be up to $100,000 higher than those of people without the degree, making the cost of obtaining an MBA degree one of the wisest investments a person can make.
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Is an MBA Right for Someone Without a Business Degree?

Although there are a variety of wonderful vocational paths an individual could pursue, opting for a career in the field of business can be particularly beneficial. This is the case for several reasons, including the fact that pay is competitive and there are opportunities for raises and career advancement. In many cases, individuals opt to formally educate themselves in order to prepare for a career in business. This is a prudent decision considering the fact that individuals who hold degrees tend to earn more than those who don’t. Oftentimes, people who do not hold a business degree are interested in pursuing advanced degrees such as an MBA yet are not certain if this is possible or how to get started. You may even be asking yourself an important question: Is an MBA right for someone without a business degree? By reading the data found below, you can attain the information necessary to attain the type of professional success you desire.
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What Can I Do With an MBA?

The answer to “What can I do with an MBA Business Masters Degree?” is fairly simple, as with an MBA, you can not only increase your income, but obtain promotions or a position in a career you have always dreamed of having. An MBA opens many doors and offers considerable possibilities for career enhancement that are not available to those who do not hold an MBA.

Increased Earning Potential

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What Is AACSB Accreditation?

When pursuing an MBA, choosing a school with the right accreditation is extremely important. One group that provides accreditation for MBA schools is the Association to Advance Collegiate Schools of Business (AACSB). So what is AACSB accreditation business masters degree? This accreditation is actually one of the more notable ones when it comes to business and accounting accreditation.

History

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How To Choose An MBA Specialization

The Masters of Business Administration degree has always served as a vehicle for professionals looking to improve their job related skills set or to increase their employment opportunities. The core coursework in the MBA program is a way for people to distinguish themselves based on their advanced knowledge and training. However, as with many college and university programs, there is an elective component to any MBA program.

In order to add value to the student, many business schools allow for the clustering of electives into a coherent group. This grouping, referred to as a specialization, allows the student to develop a heightened specific knowledge base in areas related to business functioning. However, it does create questions regarding how to choose an MBA specialization. Business master’s degree candidates should consider both their current job function and their career goals as they choose from the list of available specializations.
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