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The Master of Business Administration (MBA), perhaps the most well-known postgraduate business degree, is a professional Master’s degree providing general training in business administration and management.
Many business schools also offer the option of joint degrees in various disciplines at the postgraduate level. The most common degrees are a JD/MBA or a MA/MBA or MSc/MBA in fields such as economics, international relations and public policy.
Structure of an MBA Programme:
The MBA degree requirements and the length of the programmes vary depending on the business school and the focus of the programme. Generally speaking, a traditional full-time MBA programme takes two academic years to complete. Some universities will offer a more intensive, one-year MBA programme, often called an Executive MBA, for working professionals with extensive work experience on a promising career path.
The traditional two-year MBA curriculum consists of two components: required core courses and electives.
- Core courses: They are designed to provide fundamental business skills and are, therefore, usually completed during the first year of study. Core courses can include economics, management, information technology, finance/accounting, marketing and quantitative analysis.
During the second year of study, students may pursue a concentration in one or a combination of the core subjects.
- Elective subjects: They are intended to complement the core courses, so they vary greatly between MBA programmes. Electives can be related to specific areas of business, such as property management, health administration and educational administration, or include a broader range of subjects such as international business and environmental policies.
Gaining professional skills while studying MBA
Opportunities for gaining professional skills are offered in the form of work placements or internships during the summer between the first and second years of MBA study. These internships are extremely competitive, with students beginning the application process for summer positions during their first semester of study
Things to take into consideration when choosing an MBA programme:
- Attending a well-known school with a strong academic reputation and high level of prestige that can set your CV apart when applying for jobs.
- When choosing a business school and in particular an MBA programme, you need to carefully research the school’s academic reputation and to refer to world rankings or seek the guidance of your IDP advisor.
- As an MBA student, you need to take into account opportunities to complete internship.
- When choosing a business school, it is also advisable to weigh factors such as class size, atmosphere, location and funding.
Consider getting an MBA degree? Get the professional help of IDP counselors in your city. Contact us!