{"id":8677,"date":"2020-11-26T06:44:31","date_gmt":"2020-11-26T11:44:31","guid":{"rendered":"https:\/\/bau.edu\/blog\/?post_type=news&#038;p=8677"},"modified":"2024-03-05T06:26:13","modified_gmt":"2024-03-05T11:26:13","slug":"mba-degree-guide","status":"publish","type":"post","link":"https:\/\/bau.edu\/blog\/mba-degree-guide\/","title":{"rendered":"What Is an MBA Degree?: Everything You Need to Know"},"content":{"rendered":"<div class=\"f862c97100d898773dd915a3810aee54\" data-index=\"1\" style=\"float: none; margin:0px;\">\n\n<\/div>\n\r\n<p>An MBA degree can be seen as a portal to career advancement for many prospective <a href=\"https:\/\/bau.edu\/blog\/business-degree-benefits\/\">business students and professionals<\/a>, and rightfully so. Many employers will be more interested in a resume if it contains MBA credentials and will be more inclined to invite MBA graduates on interviews.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p>However, what exactly is an MBA degree? If you\u2019re interested in obtaining such a degree, read on to find out all you need to know about it.<\/p>\r\n\r\n\r\n\r\n<h2 id=\"mba-degree-statistics\" class=\"wp-block-heading\">MBA Degree Statistics<\/h2>\r\n\r\n\r\n\r\n<p>To let you in on straightforward information about MBA degrees, how to navigate the job market, and how future MBA prospects look like, we\u2019ve compiled data to make a comprehensive guide. Here are the results.<\/p>\r\n\r\n\r\n\r\n<figure><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"MBA Degree Statistics\"  title=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/bau.edu\/blog\/\/wp-content\/uploads\/2021\/03\/MBA-Degree-Statistics-1.png\" >\r\n<figcaption><a href=\"https:\/\/bau.edu\/blog\/\/wp-content\/uploads\/2021\/03\/MBA-Degree-Statistics-1.png\">Click here for full size.<\/a><\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n<h2 id=\"what-is-an-mba-degree\" class=\"wp-block-heading\">What Is an MBA Degree?<\/h2>\r\n\r\n\r\n\r\n<p>An MBA degree, short for Master of Business Administration, is a degree awarded upon the completion of a (usually) two-year program that focuses on tackling the details of broad business topics. It is a program that, more often than not, is pursued by professionals working in the business field who want to climb up the corporate ladder, among other reasons.<\/p>\r\n\r\n\r\n\r\n<p>Such degree programs help professionals and undergraduates alike build <a href=\"https:\/\/bau.edu\/blog\/benefits-of-getting-an-mba\/\">skills that will prove beneficial to them in the business and management environment<\/a>. It is known for its flexibility, which allows graduates to work in various industries connected to the business field.<\/p>\r\n\r\n\r\n\r\n<h3 id=\"mba-requirements\" class=\"wp-block-heading\">MBA requirements<\/h3>\r\n\r\n\r\n\r\n<p>Requirements for entering an MBA degree program will vary from university to university. However, most of the time, you will need:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li aria-level=\"1\">Official Bachelor\u2019s transcript in English<\/li>\r\n<li aria-level=\"1\">Photocopy of government-issued ID (a passport for international students)<\/li>\r\n<li aria-level=\"1\">Two letters of recommendation\u00a0<\/li>\r\n<li aria-level=\"1\">Letter of Intent\u00a0<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>For international students, these are some additional requirements:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Bank statement showing proof of adequate financial resources<\/li>\r\n<li>Sponsorship letter (if the bank statement is not in the applicant\u2019s name)<\/li>\r\n<li>If the applicant has any dependents, passport copies and additional materials as necessary.<\/li>\r\n<li>Proof of English language proficiency<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h3 id=\"mba-degree-cost\" class=\"wp-block-heading\">MBA degree cost<\/h3>\r\n\r\n\r\n\r\n<p>Similar to requirements, when it comes to MBA degree costs, it\u2019s not a one-size-fits-all situation. Every university will have its own tuition fees. The average cost of a traditional two-year MBA program is around <a href=\"https:\/\/www.topmba.com\/admissions\/financing-your-mba\/how-much-will-mba-cost#:~:text=The%20cost%20of%20an%20MBA,more%20in%20tuition%20and%20fees.\" rel=\"nofollow noopener\" target=\"_blank\">$60,000<\/a>.<\/p>\r\n\r\n\r\n\r\n<p>However, at BAU, yearly tuition fees for an MBA program amount to\u00a0 $13,500.\u00a0<\/p>\r\n\r\n\r\n\r\n<h3 id=\"mba-degree-duration\" class=\"wp-block-heading\">MBA degree duration<\/h3>\r\n\r\n\r\n\r\n<p>Like most master\u2019s programs, a full-time <a href=\"https:\/\/bau.edu\/blog\/how-long-does-it-take-to-get-an-mba\/\">MBA degree program usually takes two years to complete<\/a>. However, that isn\u2019t the only option. Many part-time programs can take three to four years to complete and accelerated part-time programs can be completed in two years.<\/p>\r\n\r\n\r\n\r\n<h2 id=\"mba-degree-specializations\" class=\"wp-block-heading\">MBA Degree Specializations<\/h2>\r\n\r\n\r\n\r\n<p>An <a href=\"https:\/\/bau.edu\/blog\/online-mba-vs-traditional-mba\/\">MBA degree<\/a> offers numerous opportunities for those interested in acquiring one. Although at base, every MBA degree offers a broader understanding of <a href=\"https:\/\/bau.edu\/blog\/best-business-degrees\/\">business<\/a> operations, there are specializations that students and professionals can enroll in if they wish to focus their degree in a particular field.<\/p>\r\n\r\n\r\n\r\n<p>Some of the MBA degree specializations include:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li aria-level=\"1\">General Management<\/li>\r\n<li aria-level=\"1\">Global Affairs<\/li>\r\n<li aria-level=\"1\">Finance Leadership<\/li>\r\n<li aria-level=\"1\">Marketing<\/li>\r\n<li aria-level=\"1\">Operations Management<\/li>\r\n<li aria-level=\"1\"><a href=\"https:\/\/bau.edu\/blog\/mba-entrepreneurship\/\" target=\"_blank\" rel=\"noopener\">Entrepreneurship<\/a><\/li>\r\n<li aria-level=\"1\">IT or Technology Management<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 id=\"mba-degree-jobs-salaries\" class=\"wp-block-heading\">MBA Degree Jobs &amp; Salaries<\/h2>\r\n\r\n\r\n\r\n<figure><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"what-is-an-MBA-degree\"  title=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/bau.edu\/blog\/\/wp-content\/uploads\/2021\/03\/what-is-an-MBA-degree-rotated.jpg\" ><\/figure>\r\n\r\n\r\n\r\n<p>After completing an <a href=\"https:\/\/bau.edu\/blog\/masters-in-accounting-vs-mba\/\">MBA degree<\/a> program, you will be able to work in all kinds of companies, from family-owned businesses to Fortune 500. There are various positions you will be able to fill across all industries, including entry-level positions and up to <a href=\"https:\/\/bau.edu\/blog\/ceo-vs-cfo-vs-coo-vs-cio\/\">C-Suite<\/a>.<\/p>\r\n\r\n\r\n\r\n<p>Some of the positions you will be eligible to apply for include:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li aria-level=\"1\">Chief Executive Officer<\/li>\r\n<li aria-level=\"1\">Chief Operations Officer<\/li>\r\n<li aria-level=\"1\">Chief Financial Officer<\/li>\r\n<li aria-level=\"1\">Chief Marketing Officer<\/li>\r\n<li aria-level=\"1\">Chief Technology Officer<\/li>\r\n<li aria-level=\"1\">Chief Information Officer<\/li>\r\n<li aria-level=\"1\">Accounting Manager<\/li>\r\n<li aria-level=\"1\">Finance Manager<\/li>\r\n<li aria-level=\"1\">Financial Analyst.<\/li>\r\n<li aria-level=\"1\">Budget Analyst<\/li>\r\n<li aria-level=\"1\">Data Analyst<\/li>\r\n<li aria-level=\"1\">Investment Banker<\/li>\r\n<li aria-level=\"1\">Investment Fund Manager<\/li>\r\n<li aria-level=\"1\">Marketing Manager<\/li>\r\n<li aria-level=\"1\">Market Research Analyst<\/li>\r\n<li aria-level=\"1\">Human Resources Manager<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>With these positions, the salaries are almost always above average. Even with entry-level MBA positions, you can make well <a href=\"https:\/\/www.usnews.com\/education\/best-graduate-schools\/top-business-schools\/articles\/mba-salary-jobs#:~:text=Compensation%20projections%20published%20by%20the,a%20bachelor&#039;s%20degree%20in%20business.\" rel=\"nofollow noopener\" target=\"_blank\">above $70,000 a year<\/a>. Meanwhile, the highest average salary or MBA graduate (overall, including bonuses) is around $100,000.<\/p>\r\n\r\n\r\n\r\n<p>Obtaining an MBA degree requires patience, determination, and hard work. It\u2019s safe to say that it\u2019s the final step in business education; so, before deciding to embark on such a journey it\u2019s important to know all the factors. If you\u2019re interested in furthering your business knowledge and broadening your career prospects, you can always start by enrolling in BAU\u2019s <a href=\"https:\/\/bau.edu\/program\/mba-2\/\" target=\"_blank\" rel=\"noopener\">Master of Business Administration program<\/a>, with specializations in <a href=\"https:\/\/bau.edu\/blog\/best-degrees-for-entrepreneurs\/\" target=\"_blank\" rel=\"noopener\">Entrepreneurship<\/a>, <a href=\"https:\/\/bau.edu\/blog\/what-are-international-relations\/\" target=\"_blank\" rel=\"noopener\">Global Affairs<\/a>, and <a href=\"https:\/\/bau.edu\/blog\/why-is-economics-important\/\" target=\"_blank\" rel=\"noopener\">Economics &amp; Finance<\/a>.<\/p>\r\n\r\n\r\n<p>&nbsp;<\/p>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"An MBA degree can be seen as a portal to career advancement for many prospective business students and professionals, and rightfully so. Many employers will be more interested in a&hellip;\n","protected":false},"author":17,"featured_media":8679,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-8677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/posts\/8677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/comments?post=8677"}],"version-history":[{"count":3,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/posts\/8677\/revisions"}],"predecessor-version":[{"id":19595,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/posts\/8677\/revisions\/19595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/media\/8679"}],"wp:attachment":[{"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/media?parent=8677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/categories?post=8677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bau.edu\/blog\/wp-json\/wp\/v2\/tags?post=8677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}