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Why earn a General MBA?

MBA programs have shape-shifted in many ways to accomodate the wildly diverse schedules and needs of today's business people. From campus-based day or evening schedules to accelerated MBA programs taken online, MBA students are capable of earning their graduate level administrative credentials in business at any time, from anywhere and as fast or slow as they wish. The following are a list of MBA program types:

  • Full-Time MBA Programs
    • The full-time MBA is the degree program most commonly earned. Students typically begin the program with 3 to 5 years of work experience in the business world.

  • Accelerated MBA Programs
    • For individuals interested in advancing their career as quickly as possible, the accelerated MBA program offers an avenue to graduation in 18-months or less. These are typically very rigorous programs not for the faint of heart.

  • Part-Time MBA Programs
    • Mid-career individuals with families or time constraints find the part-time MBA option extremely appealing. Part-time MBA courses are usually held during weekday evenings after the working day is over. Many part-time MBA programs are even offered online, so to make earning an MBA that much more convenient.

  • Executive MBA Programs (EMBA)
    • For the business professional, general manager, or executive business person, many business schools are now offering EMBA programs. The Executive MBA has been the degree of choice for those who are already firmly rooted in their career. Students normally have 10 years or more work experience and earn their MBA while working full-time. This degree is for business career effectiveness rather than advancement.

  • Online MBA Programs
    • All of the above types of MBA programs are offered at high quality, accredited online business schools. The online MBA options offer students the ability to shape a schedule to fit their particular needs and time constraints. Many of the top businesses are now encouraging their employees to gain their MBA credentials through this avenue in order to make the most of their time and to continue working while attending MBA courses.

MBA Program Course Topics

The study of microeconomics is a fundamental for MBA students. It is the economics of specific organizations such as dealing with capital relations, time and resources. Key concepts to be understood on a real-world level are those of supply and demand.

MBA students discover the relationship between outside forces of the economy such as policy and interest rates and company performance.

Other topics MBA students will cover are Corporate Finance, Marketing Strategy, Corporate Strategies, Organizational Behavior (concepts and theories for managing teams, etc.), Leadership, Operations Management, Negotiations (models and concepts for dealing with customers and developing lasting relationships) and Ethics.

Career Prospects for MBA Graduates

In a recent article on MarketWatch.com (March 13th 2007), David Weidner of Market Watch describes the reaction of MBA graduate employers and recruiters in the wake of the recent upheaval in the mortgage market:

"Recruiters describe what feels like a perfect storm of demand and cash. A record $26 billion in bonuses was handed out at year-end and in the first quarter...
...Most of the major banks continue to do the bulk of their hiring through campus recruiting of top MBAs, and that effort has ramped up as springtime nears. Unlike in years past, many banks are expanding their screening process to include candidates who can crunch the complicated numbers involved in structured debt. "

The MBA hiring boom in Wall Street is indicative of almost every industries demand for competent business people, though perhaps not to the same extreme extent. With constant increases in competition through domestic and global markets, there are, and will continue to be, a large demand for motivated, capable individuals with the knowledge associated with MBA programs.