Overview of Field
The MBA of Business is meant to be a general degree in business administration. The MBA of Business does not enable students to specialize in specific functions such as finance and accounting. The MBA of Business is in high demand among those desiring to take up positions of leadership in various sectors such as politics, technology, retail and the non-profit sector.
Structure and duration of the degree program
The MBA of Business degree program generally lasts two years. Those with advanced placement may find they can finish it in an accelerated manner. Others see value in taking longer so they can continue to work part-time. This work experience adds value to the MBA of Business.
Highlights of the coursework
The MBA of Business degree involves a period of taking compulsory courses followed by a year of elective coursework. The electives in the MBA of Business tend not to be from one specific functional area like finance or marketing. The MBA of Business students complete electives in all kinds of areas including sales and marketing.
Admission criteria and graduation requirements
Those who have at least two years of work experience following their undergraduate degree tend to be strong candidates for the MBA of Business program. Additional work experience may not add much value. Some strong candidates may even be accepted with no work experience at all. Those who maintain passing grades in all relevant courses will graduate.
Career prospects and average salary
The O*NET reports that related professionals such as business intelligence analysts make median wage of $81,140 a year as of 2012.