Top 10 Most Popular MBAs
What is an MBA?
This prestigious internationally recognized degree prepares students for careers in business and management. MBA grads are sought after by employees for their broad range of skills and knowledge which can be applied to a multitude of real world business situations.
Because the degree provides a general overview of many different fields of business, grads go onto careers in accounting, economics, finance, marketing, management, international business and business law. Many students choose to pursue MBAs in order to advance their careers in terms of job prospects, marketability and salary.
Although it is possible to be admitted to business school directly following the bachelors degree, MBA programs are increasingly seeking out students with professional working experience. But keep in mind: while business schools may share similar curriculums, the value of the degree directly corresponds to the reputation of the school which grants it. Read more about MBA programs here.
Top 10 Most Popular MBAs
More than 15,670 institutions offer business degrees at all levels, and nearly a quarter of a million MBA students are enrolled in business schools worldwide. While many schools are similar in terms of core curriculum, the specifics of coursework, faculty and philosophies may differ, so it’s important to choose well — especially if you have a particular career in mind.
Also known as concentrations or tracks, MBA specializations allow students to choose elective courses of study. The most popular of these concentrations include:
Students searching for a deeper understanding of domestic and international financial management, banking, and privatization seek out this track which prepares them for a variety of careers, including in financial consulting, consumer and investment banking, merchant banking, institutional finance, corporate finance and international finance. Read more about the MBA in Finance here.
Marketing studies offer students a fast track to corporate career success thanks to a focus on consumer behavior, market research and communication skills in marketing, advertising and public relations. Read more about the MBA in Marketing here.
3. Information Technology
Because technology is constantly changing, businesses require managers who can stay ahead of the curve. This concentration prepares future IT managers with skills and knowledge for planning and implementing current and emerging information and communications technologies. Read more about the MBA in IT here.
4. International Business
The 21st century global marketplace mandates professionals with an international perspective. The MBA in international business offers students an understanding of international operations. Grads who have concentrated in this field are well-prepared for careers with multinational corporations. Read more about the MBA in International Business here.
5. Operations Management
This concentration focuses on manufacturing and production, including process flow, vendor communications, and optimal business operations. Potential careers include manufacturing, retail, third party logistics, analytics and many more. Read more about the MBA in Operations Management here.
This quickly growing concentration offers an interdisciplinary education focused on critical aspects of contemporary business success, including finance and marketing, as well as beneficial business practices, such as conflict resolution, team building and corporate communication. Read more about the MBA in Leadership here.
Another rising field, this specialization prepares students for careers managing complex market dynamics. Coursework includes analysis across a variety of factors, organizational structure, and market evolution and others. Read more about the MBA in Strategy here.
A concentration in entrepreneurship not only prepares grads for careers as successful entrepreneurs, but also for managerial positions within companies which prioritize innovation, along with the leaders that go along with it. Read more about the MBA in Entrepreneurship here.
A concentration in innovation offers students a foundation comprising the essential skills, knowledge and critical thinking which promote effective innovation and innovation management. Read more about the MBA in Innovation here.
10. Corporate Social Responsibility (CSR)
This increasingly popular field combines management training with cutting edge critical thinking related to corporate social responsibility. Studies include the nature, management and environments of different types of organizations. Read more about the MBA in CSR here.
How to finance your MBA?
While the price tag of the typical MBA program may seem exorbitant, aspiring MBA students do have options. It’s important to investigate different schools as tuition costs depend on the school itself as well as the chosen program.
Additionally, financial aid is available through a variety of grants, scholarships, loans and work-study programs. While scholarship amounts vary from negligible through full rides, they offer the potential to save thousands of dollars every year.
Additionally, many companies offer tuition remission for continuing education, such as the MBA.
You can also find schools, such as the Rome Business School, offering great benefits to the students: double certification, paid internships, company visits, study tour, career service, last 50% coverage grants available. Make sure that you check out the various packages and advantages that the schools have to offer.
How to Apply? Take the GMAT!
In addition to your academic history and work experience, admissions schools consider your GMAT (Graduate Management Admission Test) scores when determining admissions. Designed to predict how well a student will perform during MBA studies, this computer adaptive test measures a number of factors, including analytical, quantitative, verbal, reading and writing skills. Test yourself and practice for the test through our GMAT TestPrep plan.
What are the different types of MBAs?
While the conventional two-year full-time MBA program remains a popular choice for students, business schools have evolved to offer other options for non-traditional students seeking to expand their knowledge and career paths. These programs include part-time, executive (EMBA) and distance learning programs, as well as specialized concentrations.
What is a DBA?
Students looking for more than the MBA may consider the DBA (Doctorate in Business Administration). This advanced course of study — which is quickly growing in terms of reputation and popularity — offers the academic challenges of a traditional Ph.D. combined with the practical applications for today’s most challenging business problems. Read more about the DBA here.
Typically geared for senior executives who are further along in their careers, DBAs offer a variety of opportunities for advanced knowledge and professional growth in fields ranging from HR management to business strategies.