The master's of business administration, or MBA, is an advanced degree for professionals seeking to gain expertise in business management and business administration. Opportunities for MBA graduates are plentiful in business, government, and nonprofit organizations. Students can choose from online MBA programs, campus-based MBA programs, full-time, part-time, and accelerated MBA programs. MBA graduates earn between $70,000 and $85,000 depending on their field of study.
Applicants to programs for a Master's in Business Administration must have attained their Bachelor's degree before seeking out the education. An important determinant of successful MBA candidates is the experience they earn before applying for a program. This is not a requirement, but many students will have completed one to four years of real-world business exposure before commencing their MBA education. Another essential requirement, however, is the successful completion of one of two exams, the GMAT and the GRE. Schools of varying prestige will have specific expectations on the scores of their successful applicants. Before beginning to prepare for this exam, it is advised that MBA hopefuls investigate their ideal programs and research the typical GMAT or GRE score earned by successful applicants.
There is no certification required of MBA students. That said, all aspiring MBA degree holders should ensure that their program has been accredited and vetted by the Association to Advance Collegiate Schools of Business. Upon attaining this degree, quality MBA programs may feature recruiting events to put their students in touch with interested jobs and companies. Some of such companies may demand that a potential hire devote several years in service to the company.
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