Students who choose to pursue their master of business administration (MBA) degree will have many different employment opportunities at their disposal. There are several high-paying MBA careers available, including logistician and human resources manager. These business positions may not pay a lot at first, but their wages tend to increase with more experience. Business career options divide into five groups: sales, management, financial specialist, business operations, and other. Professionals in the business field are valuable right now, because as new businesses develop and more established businesses expand, demand for experienced business professionals increases.
Should I Get an MBA?
The ideal MBA candidate is self-motivated, organized, goal-oriented, and works well with others. MBA graduates usually have a plethora of career opportunities available to them and must have the conviction to work hard to build their careers. Most business careers do not start out as high-paying, prestigious jobs, but hard work and dedication can lead to extremely successful careers. In MBA programs, students develop their communication skills, learning how to work both with colleagues and with clients. They also develop their financial, marketing, and managing skills.
MBA students must evaluate whether they are better suited to study on campus or online. Online degrees are perfect for working professionals or people who are interested in returning to college to change careers. On-campus studies are ideal for students entering their master's program straight from an undergraduate program. While in the program, students will be able to network with their peers, which will help them build strong connections as they approach graduation. Current students can use these connections to find job and internship opportunities, and graduates can use them to learn about organizations and events that will help them grow their career.
What Can I Do With an MBA?
Most MBA graduates begin work in some type of management position, depending on their career goals and personal interests. They can work as general managers, advertising and marketing managers, or event management analysts. Most MBA graduates have excellent organizational, marketing, communication, and sales skills. This skill set qualifies professionals for high-paying, prestigious jobs in many different fields and companies.
- General and Operations Managers
General and operations managers plan, coordinate, and direct operations of various public and private organizations and manage daily operations.
Median Annual Salary: $123,460
Projected Growth Rate: 8%
- Advertising, Promotions, and Marketing Managers
Advertising, promotions, and marketing managers plan different programs to create a public interest in services or products. They work closely with sales agents, financial staff, and art directors.
Median Annual Salary: $129,380
Projected Growth Rate: 10%
- Management Analysts
Management analysts improve the efficiency of an organization, finding ways to make them more profitable by increasing revenue and reducing costs.
Median Annual Salary: $82,450
Projected Growth Rate: 14%
- Operations Research Analysts
Operations research analysts help organizations look into complex issues using advanced mathematical and analytical methods. They identify and solve problems to help make better decisions moving forward.
Median Annual Salary: $81,390
Projected Growth Rate: 27%
- Administrative Services Managers
Administrative services managers direct, coordinate, and plan supportive services. They maintain and supervise activities including mail distribution, record keeping, and office upkeep.
Median Annual Salary: $94,020
Projected Growth Rate: 10%
Best States for MBAs
Earning an MBA affords professionals varied career opportunities in the business world. This ranking outlines job opportunities across the board, including careers in finance, sales, management, and business operations. When professionals choose where they want to pursue their business career, they can reference this guide to read about which states offer the highest salaries, which metropolitan and nonmetropolitan areas feature the highest salary opportunities, which states provide the highest employment levels and job quotients, and which jobs require professionals to hold a master's degree in particular states.
This guide explores which careers serve as good opportunities for professionals with their MBA in each state. Some states highlight multiple careers while others focus on just one, depending on that state's data. This outlook allows readers to explore which area they can plan to focus on -- depending on the state.
This ranking uses the Bureau of Labor Statistics website for its research. It prioritizes states that feature high levels of jobs requiring a master's degree -- in particular, with respect to four main career options for MBA graduates: financial analysts, chief executives, management analysts, and sales managers. It also ranks states based on the data for employment levels, location quotients, and salaries relative to either metropolitan or nonmetropolitan areas in a given state. The better the numbers, the higher the ranking.
|1||District of Columbia||
Only about 2% of jobs in the United States require a master's degree. However, master's degrees prove useful in many occupations since they often place professionals in higher pay brackets and offer more advanced opportunities. MBA graduates often enjoy more opportunities in their field due to their advanced, specialized degree. About 3.8% of jobs in Washington, D.C. require professionals to hold a master's degree. This percentage accounts for 25,560 of the 2,214,480 jobs for master's graduates in the entire country.
The median annual wage for these professionals in Washington D.C. comes in at $82,360, compared to the median annual wage for the United States of $64,510. One of the most common jobs for MBA graduates, management analysts, reports the highest employment level and location quotient in Washington, D.C. with 19,420 employees.
California affords many opportunities to MBA graduates. While an advanced degree is not often a requirement, it does serve as a tool to advance an individual's pay and career growth opportunities. MBA degrees indicate that professionals possess the specialized skills required to thrive in the business world. MBA graduates often pursue careers as chief executives who formulate and determine policies that provide direction for companies. California boasts the highest number of employed chief executives at 30,430 employees.
In charge of conducting organizational studies and designs, management analysts serve as another common career path for MBA graduates. In California, these professionals boast the highest employment level for their occupation, with 102,580 employees. They also bring in an annual mean wage of $95,510, slightly higher than the annual mean wage for the United States: $93,440.
Showing the second-highest percentages of employment shares for professionals with a master's degree, Massachusetts reports a 2.7% employment share, amounting to 86,660 jobs with an annual mean wage of $67,720. Business careers typically touch on five areas, including finance, sales, management, business operations, and other. Across the board, Massachusetts boasts a solid concentration of jobs in these business areas. Financial analysts in the state enjoy the fifth-highest concentration of jobs and location quotients for the occupation, with 11,750 jobs and a location quotient of 1.61.
Chief executives in Massachusetts see the fifth-highest employment rate for their occupation with 9,790 employees. These professionals bring in an annual mean wage of $215,630. Management analysts in Massachusetts boast the fourth-highest concentration of jobs and location quotients for their occupation, with 23,230 jobs and a location quotient of 1.42.
Florida offers many opportunities to MBA graduates looking to pursue careers in sales, business operations, management, finance, and other fields. Florida ranks fifth for the highest employment levels for financial analysts, with 12,060 employees. These professionals enjoy an annual mean wage of $76,000 and a 0.69 location quotient. Chief executives in Florida enjoy the second-highest employment level for their occupation, with 19,350 employees earning an annual mean wage of $195,680.
Along with financial analysts and chief executives, many MBA graduates pursue careers as management analysts. In Florida, these professionals experience the third-highest employment level with 42,790 jobs and an annual mean wage of $79,050. Tallahassee reports the highest concentration of jobs and location quotients in a metropolitan area for the occupation with 5,200 employees and a 6.66 location quotient.
New York features the eighth-highest share of employment in occupations requiring a master's degree, with 2% of jobs requiring it. This percentage accounts for 173,230 jobs, with an annual mean wage of $70,970 compared to the United States annual mean wage of $64,510. Master's degrees often afford professionals better opportunities, including higher salaries and room for advancement. MBA graduates can pursue many opportunities with their degree in areas like business operations, management, finance, sales, and other relevant areas.
One of the most common jobs for MBA graduates, financial analysts, enjoy the highest employment level for their occupation in New York, with 52,670 jobs and professionals earning an annual mean wage of $134,560. Another popular career choice for MBA graduates, chief executives experience the fourth-highest employment level for their occupation in New York, with 12,440 employees earning an annual mean wage of $217,650.
MBA graduates enjoy many career opportunities. The business field comprises five subfields that allow professionals to follow their area of interest: sales, management, finance, business operations, and other related areas. In Illinois, financial analysts enjoy the fourth-highest employment level for the occupation, with 14,350 employees earning an annual mean wage of $89,860.
MBA graduates often pursue careers as chief executives. In Illinois, chief executives boast the third-highest employment level in the United States for their occupation, with 13,920 employees who earn an annual mean wage of $206,020. Management analysts serve as another common career option for these professionals; their occupation serves as the fifth-highest employment level in Illinois, with 38,840 employees.
Earning a master's degree often unlocks many opportunities for professionals to earn a higher salary and advance their career. Although many jobs do not require a master's degree, most of them place employees in a higher pay bracket if they hold an advanced degree. For MBA graduates, their degree helps set them apart from other professionals in their field. The degree helps denote a certain skill and knowledge level that employers look for when hiring. In Texas, several opportunities exist for professionals with their MBA.
Financial analysts enjoy the third-highest employment level for their occupation in the state of Texas, with 26,380 employees earning an annual mean wage of $92,690. The Woodlands-Houston-Sugar Land area reports the fourth-highest employment level in the occupation for metropolitan areas with 8,860 employees earning an annual mean wage of $99,820. High salary opportunities prove one of the biggest benefits of obtaining an MBA, with chief executives earning the fourth-highest salary in their occupation in Texas: $233,300.
Ranking as fifth for states with the largest shares of employment for occupations requiring a master's degree, Delaware features a 2.1% employment share, amounting to 8,670 jobs. These professionals earn an annual mean wage of $66,710 compared to the United States annual mean wage of $64,510. Earning an MBA proves particularly useful for professionals in Delaware. Financial analysts tend to hold one of the most popular career options for MBA graduates. In Delaware, these professionals enjoy the highest concentration of jobs and location quotients for their occupation in the United States, with 3,530 jobs and a location quotient of 3.86.
The Wilmington, Delaware-Maryland-New Jersey area registers as the metropolitan area with the highest concentration of jobs and location quotients for financial analysts, with 3,380 employees and a 4.72 location quotient. MBA graduates interested in finance enjoy ample career opportunities in Delaware.
Virginia affords many opportunities to professionals with their MBA. The business field focuses on five main areas, including sales, business operations, management, finance, and other related areas. Virginia thrives in sales and management. Sales managers in Virginia earn the third-highest salary in the occupation, bringing home an annual mean wage of $167,400. These professionals make up about 5,330 jobs in the state with a 0.54 location quotient.
Management analysts also enjoy great opportunities in Virginia. They experience the second-highest employment level for the occupation with 48,070 employees. Additionally, management analysts in Virginia see the second-highest concentration of jobs and location quotients, with a 2.74 location quotient. These professionals earn the fourth-highest pay for their occupation, bringing in an annual mean wage of $104,770.
Boasting the fourth-largest share of employment in occupations requiring a master's degree, Maryland features a 2.2% employment share, amounting to 55,680 jobs with professionals earning a mean annual wage of $75,960. With many career pathways open to them, MBA graduates often pursue careers as management analysts. Management analysts in Maryland enjoy the third-highest concentration of jobs and location quotients in their occupation, with 18,050 jobs and a 1.46 location quotient.
The Washington-Arlington-Alexandria area reports the highest employment level for a metropolitan division for management analysts, with 53,980 jobs and an annual mean wage of $107,760. The California-Lexington Park area comes in as the second-highest concentration of jobs and location quotients for management analysts, with 990 jobs and a 4.72 location quotient.
Connecticut unlocks many opportunities to professionals with their MBA. Since the degree trains individuals to handle many business situations and scenarios, employers often know that candidates with an MBA possess the exposure and qualifications needed for success. In Connecticut, one of the most common careers MBA-holding professionals pursue, sales managers, ranks as the fourth-highest concentration of jobs and location quotients for the occupation -- with 6,870 jobs and a location quotient of 1.59.
Financial analysts in Connecticut also experience the fourth-highest concentration of jobs and location quotients for their occupation, with 5,900 jobs and a location quotient of 1.73. Coming in with the fifth-highest concentration of jobs and location quotients for a metropolitan area in the financial analyst occupation, Connecticut boasts 3,090 jobs in the Bridgeport-Stamford-Norwalk metropolitan division and a location quotient of 3.60.
Business professionals enjoy numerous career opportunities across the country. Depending on what job responsibilities and focus areas they find themselves interested in, they can work in many fields. For the most part, MBA graduates work in sales, management, finance, or business operations. Some professionals find work in another related area.
In Minnesota, MBA-holding professionals often look to the sales field to focus their career. Sales managers in Minnesota experience the third-highest concentration of jobs and location quotients in the country, with 11,950 jobs and a location quotient of 1.62. These professionals bring in an annual mean wage of $136,930. The salary for sales managers in Minnesota comes in at a slightly lower rate than the United States' mean of $137,650.
MBA-holding professionals should consider many factors when deciding where they want to start their career. One of the main things to consider should remain what field they would like to work in. Business proves a broad field, made up of a few focus areas for professionals: finance, business operations, management, and sales. Deciding which sector of the business world they want to pursue can help set the standard for things like job concentration and salary opportunities.
Oklahoma offers great opportunities to MBA professionals with an interest in focusing their business career on business operations and management. Chief executives in Oklahoma enjoy the highest concentration of jobs and location quotients in the occupation, with 5,580 jobs and a location quotient of 2.41. These professionals determine and formulate policies to provide their company with direction.
Earning an MBA unlocks numerous career opportunities for professionals. These individuals can pursue careers in many fields, including sales, management, business operations, and finance. Many MBA graduates focus their degree on a specific interest, preparing them for a specialized business career and helping them stand out from other job candidates. Deciding which state to live and work in depends on which field professionals want to work in.
For MBA-holding professionals in Wyoming, the management and financial sectors prove great options. Wyoming features the highest pay for management analysts, with a mean annual wage of $117,200 compared to the U.S. annual mean wage of $93,440. Wyoming also provides business professionals interested in finance with great opportunities. Financial analysts enjoy the second-highest pay for their occupation in Wyoming, with an annual mean wage of $111,210 -- significantly higher than the annual mean wage for the United States at $99,430.
Business professionals in Washington enjoy numerous career opportunities. Business professionals interested in the management sector particularly benefit from working in Washington. The fifth-highest paying state for the occupation, Washington management analysts enjoy an annual mean wage of $104,420, higher than the annual mean wage for the United States of $93,440. Salary should serve as one of the main things professionals review when choosing where they want to begin their career, and Washington offers great salary potential.
The Seattle-Bellevue-Everett area serves as the eighth-highest employment level for a metropolitan area for management analysts. These professionals make up 14,980 jobs, boast a 1.97 location quotient, and earn an annual mean wage of $113,300. Professionals working in this particular area of Washington have many job opportunities available to them.
MBA-holding professionals unlock many exciting career opportunities. Although many jobs do not require professionals to hold a master's degree, in the business world, earning an MBA helps candidates stand out among their competition since their degree demonstrates a special skill set valuable to employers. Business professionals in South Dakota enjoy careers in many fields.
For professionals interested in the business operations side of things, the chief executive career might fit them best. In South Dakota, chief executives enjoy the highest-paying salary for their occupation in the United States, earning a staggering $242,220. Their wage far surpasses the annual mean wage for chief executives in the United States: $194,350. The East South Dakota nonmetropolitan area features the third-highest concentration of jobs and location quotients for the management analyst occupation, with 460 jobs and a location quotient of 0.75. West South Dakota's nonmetropolitan division trails closely behind as the fifth-highest, with 370 jobs and a location quotient of 1.33.
One key thing MBA-holding professionals should research when deciding where to work is what area they would like to focus on during their business career. Business covers a broad spectrum and includes finance, management, sales, and business operations. Once professionals decide which career to pursue, they can start looking at which states offer high pay and levels of employment for their area of interest.
Colorado proves an excellent option for professionals interested in the sales side of business. Colorado boasts the fifth-highest pay level for sales managers, with an annual mean wage of $156,280. Fort Collins reports the fifth-highest pay for a metropolitan area in the sales manager occupation with an annual mean wage of $180,170. These professionals experience a location quotient of 0.52 and account for 210 jobs.
Business professionals interested in the sales side of business can pursue careers as sales managers. In New Jersey, sales managers enjoy many career opportunities. New Jersey features the fourth-highest pay in the country for sales managers, with an annual mean wage of $165,780. These professionals account for 13,150 jobs in the state and boast a location quotient of 1.26. The New York-Jersey City-White Plains area reports the highest employment level for a metropolitan area in the occupation.
The New York-Jersey City-White Plains metropolitan area also boasts the highest pay for sales managers in a metropolitan division, with an annual mean wage of $200,320. Coming in behind that division, the Wilmington area serves as the second-highest paying metropolitan division for the occupation, featuring an annual mean wage of $181,550.
Many careers do not require professionals to hold their master's degree, although professionals with an MBA often gain more opportunities in their business career. Business careers focus on many specialized areas, including finance, sales, management, and business operations. Kansas proves a great state for professionals interested in the business operations side of things.
Chief executives in Kansas enjoy the third-highest concentration of jobs and location quotients for the occupation in the United States, reporting 4,410 jobs and a location quotient of 2.02. These professionals earn an annual mean wage of $163,880. Topeka serves as the metropolitan area with the second-highest concentration of jobs and location quotients for chief executives, with 430 jobs and a location quotient of 2.44. Wichita serves as the metropolitan area with the eighth-highest concentration of jobs and location quotients, with 960 jobs and a location quotient of 2.03.
Salary proves one of the most important factors to consider when choosing what career to pursue and what state to pursue it in. MBA-holding business professionals can work in many fields, including finance, management, business operations, and sales. Each field features its own salary opportunities depending on what state professionals choose to work in. North Carolina features the second-highest salary for chief executives, paying an annual mean wage of $226,540.
Durham-Chapel Hill serves as the metropolitan area with the third-highest pay for chief executives, paying them $253,560. The annual mean wage for chief executives in the United States comes in at $194,350. The salary opportunities for these professionals in North Carolina prove much higher than the rest of the United States, making it one of the best states for chief executives to work in.
Rhode Island reports the fifth-highest concentration of jobs and location quotients for the management analyst occupation, with 3,130 jobs and a location quotient of 1.42. These professionals earn a mean annual wage of $86,690. The salary of these professionals comes in at a slightly lower rate than the annual mean wage for the occupation in the United States as a whole: $93,440.
Not all jobs in the business world require professionals to hold a master's degree, though professionals with an MBA often enjoy better salary opportunities and room for advancement within their company. Additionally, holding an advanced degree helps candidates stand out among other professionals. Professionals should remember that business encompasses many areas, including finance, sales, management, and business operations.
Earning an advanced degree can often allow professionals to pursue more career opportunities than their counterparts with a bachelor's education. Additionally, professionals with an advanced degree can earn higher salaries. MBA holders in particular experience attractive employment opportunities, depending on the state and area of interest. Business covers many topics, including finance, sales, business operations, and management.
Business professionals interested in management can consider pursuing a career as a management analyst. Management analysts in Michigan enjoy many great career opportunities. Battle Creek serves as the metropolitan area with the seventh-highest concentration of jobs and location quotients, with 570 jobs and a location quotient of 2.22. The northwest lower peninsula of Michigan nonmetropolitan area comes in as the fifth-highest paying nonmetropolitan area, with an annual mean wage of $126,030.
Business professionals in Ohio can explore many career opportunities with their MBA. Though many careers do not require students to hold their MBA, achieving one often gives professionals a broader spectrum of opportunities, including higher pay brackets and room for advancement within their company. Business professions typically cover the following areas of interest: finance, sales, management, and business operations.
Ohio boasts opportunities for business professionals in all areas, especially those interested in sales. Sales managers in the North-Northeastern Ohio nonmetropolitan area experience the highest employment in a nonmetropolitan area for their occupation with 530 jobs and a 0.61 location quotient. These professionals earn an annual mean wage of $106,340. Professionals interested in management can pursue the management analyst career and enjoy the nonmetropolitan areas' status as the fourth-highest employment level for the occupation.
Many jobs do not require professionals to obtain an advanced degree. In the business world, however, MBA-holding professionals prove particularly valuable. Not only does their degree help demonstrate a specific set of skills and knowledge, but it allows holders to stand apart from other candidates when pursuing opportunities.
Business professionals in Louisiana can explore many exciting career opportunities. Management analysts responsible for designing systems and procedures to simplify work and measurement studies experience the second-highest pay for a metropolitan area in Lafayette, Louisiana: an annual mean wage of $141,980. The annual mean wage for the United States comes in at $93,440.
Financial analysts in charge of conducting quantitative analyses that impact investment programs for public and private institutions typically bring in an annual mean wage of $99,430. While these professionals do not need an advanced degree to gain employment, obtaining an MBA often gives them the boost necessary to stand out among other candidates. MBA-holding professionals can pursue careers in finance, management, business operations, or sales.
Missoula provides financial analysts with the highest salary for a metropolitan area in their occupation, allowing professionals to earn $154,980. Professionals can look to careers in Montana to earn high salaries, vastly exceeding the mean salary for the rest of the United States.
How to Choose an MBA Program
Students should consider many factors when choosing an MBA program, including how long the program would take and whether they would enroll part time or full time. Most programs outline their degree schedules on the program website, so students can find out ahead of time how long the degree will take. Students can usually access course descriptions and curriculum options, allowing them to compare various programs to choose which ones best fit their interests and goals.
Many programs allow students to pursue a concentration. Those interested in specializing their degrees should research which concentrations, if any, each program of interest offers. They should also take cost into account, since tuition varies between colleges and can feature various rates for in-state, out-of-state, and online students. Learners can review tuition and fee information through program websites, and they may also research employment opportunities and cost of living in various program locations. This will help them determine if the school is right for them.
Programmatic Accreditation for MBA Programs
Employers and higher learning institutions look at accreditation when reviewing candidates. There are two main types of accreditation: regional and national. Regional accreditation is considered more prestigious than national, for which reason credits transfer more easily from regionally accredited institutions, and students at these colleges are more eligible for tuition reimbursement. Regional accreditation typically grants degrees, while national tends to be more for certificate-granting bodies. Programmatic accreditation is specialized for programs that offer unique curriculums that are unlike others in comparable fields. Graduates with degrees from institutions with programmatic accreditation may stand out during job searches and interviews.
MBA Program Admissions
The admissions process for MBA programs is vigorous. Admissions advisers work hard to admit only qualified students to their programs, and these students are expected to satisfy prerequisite requirements along with admissions materials. On-campus admissions are extensive, but not as involved as online admissions. Online settings are much more relaxed than on-campus settings, for which reason online admissions officers are often more selective with their candidates. Prospective online students must be prepared to complete challenging, in-depth coursework in a setting that lets them work at their own pace. Online programs require self-encouragement and conviction to stay on task and commit to the mandatory coursework. Admissions departments look at test scores, minimum GPAs, letters of recommendation, undergraduate transcripts, and applications to determine if students are qualified for the program.
- Bachelor's Degree: Students must earn their bachelor's degree before gaining admission to an MBA program. They do not always have to have their undergraduate degree in business, but some programs prefer or require it.
- Professional Experience: Students are not required to have professional experience to be admitted to MBA programs, but some programs may have specific experience requirements.
- Minimum GPA: MBA programs require students to have a minimum GPA to be considered for admission. Typically, students must have a GPA between 3.0 and a 3.5.
- Application: Applications are usually similar between universities. They are straightforward about which information they require and do not take long to complete. Students can usually use CommonApp to apply to multiple programs.
- Transcripts: Students must submit their transcripts to be considered for admission. There is usually no cost for obtaining transcripts, but some programs do charge fees.
- Letters of Recommendation: Many programs require students to submit letters of recommendation as part of the application process. They must review how many letters the university requires and should ask professional and educational contacts to write the letters for them.
- Test Scores: Most MBA programs require students to submit GMAT or GRE scores. Students must complete their required exams and submit test scores. Each program has its own minimum score requirements.
- Application Fee: When students submit their program application, they must include their application fees. These fees vary depending on the program, but are usually $50 to $60.
What Else Can I Expect From an MBA Program?
Some of the best MBA programs allow students to choose and pursue a concentration. Concentrations are available in more than 20 different areas, depending on the university. Each university offers its own specific concentration options, and some programs do not offer concentrations at all. Students who are interested in tailoring their degree to their personal interests and career goals might prefer a program with concentration options.
|Finance||Portfolio management, stocks and bonds, mutual funds, investment opportunities, and client interactions are key subjects students learn in a finance concentration. They learn how to make intelligent investment choices for their clients and how to explain them tactfully.||Financial advisers, credit risk managers, and other financial professionals are some of the many career opportunities available to students who pursue a concentration in finance.|
|Accounting||Accounting is one of the most common concentrations offered for an MBA. Students learn how to understand tax information and communicate important financial information. They also learn to create effective business planning strategies and manage financial assets.||Students who pursue an accounting concentration can have successful careers as chief financial officers, treasurers, controllers, and purchasing managers at banks, government agencies, and accounting firms.|
|Marketing||Another common concentration that MBA students pursue is marketing. In the marketing concentration, students learn to create advertisements and documents to promote businesses, products, and services. They learn different methods to boost sales and raise awareness.||With a marketing concentration, students can pursue careers as marketing managers, advertising professionals, and document designers.|
|Management Consulting||In the management consulting concentration, students learn how to effectively manage and run large businesses. Students in this area typically have confidence and poise. This area is very challenging and pushes students to work hard.||This concentration prepares students for careers in management and consulting. They often put in long hours and hard work to make six-figure salaries.|
|Agri-Business Management||Agriculture is a big business across the United States, and larger agricultural businesses need management. Students interested in that area can concentrate in agri-business management to learn about food distribution, farm machinery, marketing and sales, and crop production.||Students who pursue a concentration in agri-business management can have successful careers managing large agricultural businesses.|
Courses in an MBA Program
MBA courses cover a wide range of topics, providing students with the foundational skills they need in order to excel in the business world. They explore topics including marketing, finance, ethics for management, teamwork, and operations management.
- Foundations of Teamwork
In the business world, teamwork is crucial. Foundations of teamwork courses teach students to effectively collaborate with their peers. They will learn to work together to share and develop ideas. They will learn team dynamics, leadership behaviors, and organizational awareness.
- Marketing Management
Marketing is a huge part of business. Marketing management courses teach students about the flow of goods and services between consumers, competitive markets and factors, marketing environments, and marketing organizations. They also learn how to implement and evaluate marketing materials for products and promotion.
- Ethics for Managers
In ethics for managers courses, students learn the fundamental moral issues that exist within a business setting. They also learn to analyze issues in various contexts to effectively resolve challenges.
- Financial Management
Finance is one of the most important facets of business. Financial management courses teach students to analyze different financial topics, including corporate liabilities, interest rates, cost of capital, budgeting, investment securities, and risk and return.
- Strategic Operations Management
The strategic operations management course teaches students how to examine and implement organizational competitive advantages by exploring and investigating new technologies. They learn about sourcing, forecasting, warehousing, inventory control, and supply chain management.
How Long Does It Take to Get an MBA?
MBA programs typically take full-time students two years to complete, and three years for part-time students. Students who want to earn their degrees faster might consider accelerated MBA programs, which allow them to complete their degrees in 12-18 months. Students should decide how much time they would like to spend in their program and research which programs and enrollment options are best for them. MBA programs usually comprise around 35-50 credits, depending on the university and program. Online and on-campus programs are usually completed in the same timeframe, but online students might access accelerated programs more easily than on-campus students, since online programs are generally more flexible.
How Much Is an MBA?
Program costs depend on many factors. Students enrolled in MBA programs face varying costs depending on whether they are enrolled full time or part time. Tuition costs also depend on whether students reside in state or out of state, or if they are international. On average, in-state tuition costs $31,800, and out-of-state and international tuition costs $50,440. Tuition is not the only cost that students need to keep in mind. In addition to tuition, students must pay for room and board, books and supplies, food, transportation, utilities, and technology costs.
Prices range for each cost factor depending on each institution and its location. Students may account for the fluctuating costs of housing, utilities, and transportation by researching the cost of living for the location they are considering. Technology costs are also important to keep in mind when researching different programs.
Certifications and Licenses an MBA Prepares For
Students interested in finding work as auditors, professional accountants, finance managers, financial consultants, or tax specialists must obtain their CPA certification. To gain certification, candidates must pass the Uniform CPA Examination.
- Series 7
Stockbrokers must take and pass the Series 7 exam in order to get their license to trade. The test is administered by the Financial Industry Regulatory Authority (FINRA). It is a six-hour exam that is held in two three-hour sessions. Candidates must score 72% or higher to pass.
- Series 63
The Series 63 test is the Uniform Securities Agent State Law Exam. It is administered by FINRA and developed by the North American Securities Administrators Association. The exam helps candidates qualify to become security agents within a specific state. Candidates must score a 72% or higher to pass the exam.
The Chartered Financial Analyst program provides professional credentials to investment and financial professionals. The CFA program covers financial analysis, bonds, stocks, derivatives, investment management, and other key areas of finance. Candidates who complete the program and meet professional requirements become CFA chart holders.
- Real Estate License
State governments issue real estate licenses and give brokers and agents the power to represent a buyer or home seller in the process of buying or selling real estate. Real estate professionals must become licensed to conduct real estate transactions.
Resources for MBA Graduate Students
The Online MBA Page is a community of MBA students looking for accredited MBA programs available online or through distance learning.
MBA World is one of the largest communities for MBA students, allowing students to connect with other students and employers around the world.
The Reddit Page for MBA students is an online community that allows past, present, and future students to share advice and ideas with each other.
MBA.com gives students access to GMAT test prep materials, tips for what to look for in an MBA program, and other relevant information.
The Business and Economics Journal is an open-source journal allowing students to access a variety of free research and publications about the latest trends in the field.
Professional Organizations for MBA Students
MBA students should take advantage of the multitude of organizations in the field by attending events, participating in seminars, and connecting with other students and professionals to find job and internship opportunities, cultivate relationships, and gain reputable references for future opportunities.
With a 75-year history, more than 215,000 members, and 275 collegiate chapters, DECA has a remarkable impact on emerging leaders and entrepreneurs. It hosts programs and activities to conduct research and use the latest technology.
The American Management Association provides online training, web events, seminars, podcasts, women's leadership, and other valuable resources to professionals in management roles.
EO is the world's only peer-to-peer network that is exclusive to entrepreneurs. It is a global network of more than 12,000 leading entrepreneurs that educates members and offers global resources.
NASP members are distinguished leaders in the sales field. The organization commits itself to advancing careers and improving financial security.
AMA is a professional organization for those in the marketing sector of the business field. AMA seeks the best practices in the field to propel business growth by way of marketing.