Online Masters in Business Administration
What is Business Administration?
The field of business administration deals with the application of management principles in businesses and industries around the world. Business administration professionals are charged with managing resources and personnel, marketing, financial management, supply management and logistics and various other administrative duties. Their basic aim is to increase productivity, boost sales, and improve overall profitability in an organization. Business administration professionals also deal with purchasing and acquisitions, project management, labor relations and ensuring that goods and services are provided to consumers on-time and in an efficient fashion.
Colorado Technical University Online
What is the Master of Business Administration?
The MBA or Master of Business Administration degree is one of the most popular graduate degrees, with thousands of new students applying for enrollment every year. The prerequisites include a bachelor’s level education in addition to two or more years of work experience. This degree starts off with a core curriculum including subjects such as business communications, organizational psychology, resource management, management information systems and strategic planning. Students also take advanced courses in a specialization of their choice, such as marketing, finance, human resources, supply chain management and a number of other fields.
What are the future prospects?
The Master in Business Administration degree not only helps improve your career advancement opportunities but can also be used to establish your own business. O*NET estimates an increase of up to 9% in employment opportunities for business analysts from 2010 to 2020 and reports the median salary at $81,140 per year. The Master in Business Administration degree is a good choice in terms of future growth, wages and career opportunities.
Q:Which fields of specializations can I choose from while doing a Master in Business Administration?
A:There are various specialization options available while pursuing the Master in Business Administration. Here are a few popular ones: Health Care, Marketing, Human Resource, Accounting, General Management, Finance, Entrepreneurship and Project Management.
Q:Will there be any difference in the time duration required for the Master Business Administration Degree in different areas of specializations?
A:No, there will be no difference in the required time to complete your degree in any area of specialization at the MBA level. All MBA degrees take about 2 years for completion.
Q:What are the general admission requirements to get enrolled in the business administration master degree program (MBA)?
A:Students interested in enrolling in an MBA program must fulfill the admission requirements of the business school. Normally it is required that students have completed a degree program at a baccalaureate level, and have a minimum CGPA of 2.0. It is also required that students provide letters of recommendation and mention any prior work experience.
Q:Are there any general subjects covered in an online masters degree business administration?
A:A masters degree in business administration is advanced level program that provides students with in-depth knowledge of the field. In most programs, the first semester of the program focuses on general subjects and introductory areas such as English composition and principles of management. However, the exact course structure will depend upon the institute offering the program.
Q:Is it necessary to have a bachelor degree in the same field if I want to enroll in an online Masters In Business Administration?
A:It is not necessary to complete a bachelor degree in the same field if you are planning to enroll in masters in business administration. You can complete your bachelor degree in relevant areas. However, it is recommended that you study the same field as it will help you cover subjects in an MBA program. MBA programs are more advanced in nature and comprise of many advanced subjects.
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