Best Online Master’s in Business Degree Requirements | University HQ | (800) 793-5011
No matter whether you choose a face-to-face program or an online one, if you plan to complete a master’s degree, you will be spending up to the next two years taking classes. You don’t have to hold a BBA to be eligible to enroll in an MBA program, either; as long as you satisfy admission requirements, you will be admitted.
A full MBA program will usually offer you real-world experiences, perhaps in the form of an internship, where you can practice using real world simulations. With this experience, you walk into your first position with knowledge of how you should handle various issues and situations. Not only will you benefit from this experience, but the non-profits and businesses that partner with your MBA program also gain benefits.
Because you already have an undergraduate degree, either in business or another discipline, you don’t have to worry about taking any more general education courses; instead, you’ll take courses only in your MBA and within a concentration (specialization) if you choose to.
PROS
An MBA degree is rightfully popular and highly sought. Employers are always seeking qualified MBA applicants who can start their jobs needing little supervision. Some of the benefits of earning a master’s include:
Added credibility — You can ask for the opportunity to work on a project that challenges your skills and actually takes you out of your comfort zone. Or start a solo preneur business that forces you to use everything you know.
Added self-confidence — With the knowledge and experience you now have, you’ll be able to approach problems and new situations easily. You’ll learn new skill sets that you’ll use often in your position.
CONS
An MBA program is self-limited in that you only learn about general business knowledge. Yes, that knowledge adapts to several disciplines, such as marketing or finance. But, if you want additional specialization, you may need something different or extra, such as a concentration, which could make your education take longer to complete.
The MBA allows you to take — a few classes in various disciplines. The reasoning behind this is so you can learn how to see the big picture. If you have already worked professionally in business or an NGO, this will be good for you. But if you are going to be new to the world of business, you need more exposure.
A Master of Science — in Business is actually created to be much more specialized. You’ll notice several MS programs in several fields, such as an MS in Marketing or even an MS in Sport Management. Just looking at the degree titles, you can see just how widely you’ll be able to branch out with a master of science in a business discipline.
You may need to complete — your master’s at the same time as your bachelor’s, or already have years of experience in business, just to get into a master’s program.
Overview of a Master's in Business
What Business Master’s Degrees are Available?
The Master’s in Business Administration isn’t the only master’s in business that you can earn. It is certainly the best well-known, but there are many others for you to consider, especially if you’re interested in specializing.
Master of Science in Finance (MSF) is one of the master’s specializations in the business field. Land a position working as a financial analyst or manager.
Master of Accountancy (MAcc) is one way to complete the 150-hour requirement for credentials for your Certified Public Accountant (CPA) credential.
Master in Management (MiM) is a shorter master’s business degree. If you want more specialization than an MBA offers, but you are looking for something to enhance your previous experience, this is a good choice.
Admission Requirements
Take your GMAT if you will be majoring in an AMBA or full-time MBA.
Write a one-page statement of purpose and include your professional experience, career goals, educational background, etc.
Request and send two letters of reference from either academics or professionals in business.
Include your current resume.
If you will be an international student, submit a TOEFL score of a minimum of 250 computer-based, 100 internet-based, or 600 paper-based.
If you are an AMBA applicant, you must be able to demonstrate a minimum of one year of professional work experience. EMBA applicants should have eight years of managerial experience.
How Long Does It Take to Earn a Master’s Degree in Business?
The time required varies from program to program. Typically, you’ll spend two years studying before you earn your MBA. If you are staying in school after earning your BBA, or earning your bachelor’s and master’s simultaneously, you may be able to earn your MBA in one additional year.
If you plan to focus on a concentration within business, you’ll take these focused courses as a part of your overall MBA program. This will help you to prepare to earn a certification, if needed, for any advanced positions you are considering. While you may worry about spending up to two more years in school, your effort will be worth it.
Potential Careers in Business with a Master’s Degree
Vice President, Human Resources:
In this position, you’ll be involved with several aspects of HR (contracts, compliance monitoring, creating new policies, and team leading). It will also be your responsibility to lead your HR employees and ensure the proper interpretation of federal labor laws as they pertain to employees and contractors.
Salary: $137,100
Chief Financial Officer (CFO):
In this position you’ll oversee and run the financial operation of your organization. You’ll also be responsible for leadership with both the accounting and finance departments, ensuring they are complying with laws and company policies. You ensure they are operating with efficiency.
Salary: $133,100
Company President:
As the top executive in the organization, you’ll be responsible for creating and implementing strategic vision, along with your other executives. It’s your role to keep the company accountable to the public, its policies, and its stakeholders.
Salary: $149,300
Chief Marketing Officer:
Here, you’ll take the lead in creating the marketing and sales group’s visions for marketing and sales campaigns. You’ll need to be able to think ahead and be creative as you help to determine the direction in which sales and marketing will go.
Salary: $173,600
Chief Operating Officer:
In this position, you’ll rank right below the CEO in your company. It’ll be your job to determine the daily operations within the company, setting standards for the company and its work. You’ll work with middle managers and directors to ensure the company maintains high standards.
Salary: $142,800
For students who have a plan for their job trajectory, a masters degree in business might concentrate solely on one particular location of rate of interest right from the start. A Masters in Business Analytics is planned-out for those that intend to make use of data extracting to progress their company's tactical priorities. An emphasis in construction management can aid pupils strategy, straight as well as manage building jobs with an eye to negotiate agreements, control budget as well as understand the governing setting.
A Masters in Organizational Management usually offers a forum for trainees to create as leaders that have the ability to manage projects and inspire teams. A less person-centric emphasis in this area is a Masters in Risk Management which could emphasize the estimations needed to make wise choices about possibilities.
The objective of an MBA level, even if the concentration remains in finance or audit, is to construct business acumen in the student. The general programs and networking environment of MBA programs assist the trainee find out and expand to become a business leader. Nonetheless, there are various other graduate degrees besides the MBA that are concentrated more on the specific degree program. Some business institutions will have different Master of Science (M.S.) programs in areas like financing or administration. These programs are focused totally on their subject with focus as well as basic demand courses.
If you're thinking about pursuing a Masters Degree in Business, then this may be right for you. In today's economic climate, there are many jobs that require a Masters degree, even in many industries that have not completely gone off the ground yet. You can find these jobs all over the place; you can work in accounting, finance, marketing, sales, human resources, and the list goes on. All these positions require a Masters degree or an Associates Degree. You may find that the Masters Degree in Business is right for you if you are looking for more than just a job; you may want to move up in the corporate world as well. The best part about this kind of degree is that it opens doors that would not otherwise be open for you.
Among the many reasons that people look for a Masters Degree in Business is because it's one of the more flexible degrees available. Some of the fields that require this level of degree include marketing, finance, human resources, and the like. Maybe the best part about this degree is that it includes so many important aspects of crucial business to holding an important position in a business. The degree allows you to become proficient at everything from strategic planning to strategic leadership and many other aspects that have a direct affect on your ability to lead and run a business successfully.
The most popular course of study that is taken at an undergraduate level is business management; however, you can also take this kind of degree online if you prefer. With the internet, people are learning more about business and they can also learn all the information they want to know. The internet offers countless resources that will help you get everything that you need to know about the field. You can learn about the different career options that are available, and this kind of knowledge will allow you to choose the field that is right for you. It will also allow you to become more knowledgeable about the different areas of business management.
Business institutions also have really details degrees that mirror occupations. One usual masters program is the Master of Book-keeping (MAcc). This is an one-of-a-kind masters degree because it is indicated for accountants that intend to proceed their professions to the highest possible professional accomplishment in the accountancy sector.
So, what business masters degree is ideal? The solution to this frequently asked inquiry relies on the specialist occupation the pupil is looking for. The MBA continues to be one of the most popular and also can consist of many concentrations pertinent to any kind of trainees rate of interests. Nonetheless, if finance or bookkeeping are a pupils passions, after that buying the details masters programs in those areas might be advised.
Degree programs in business communication focus on the numerous interaction approaches used in business area. Students study numerous methods to attain business objectives with interaction. Training course subjects might consist of business writing, business presentation methods, team interaction, and also communication on a global range.
Programs in international business and policy examine the issues in worldwide business from the point of view of international relationships. These programs may consist of global traveling possibilities, and also trainees might take coursework in areas like international business strategy and also the economic climates of specific areas, such as Europe.
Students in graduate-level business analytics programs find out just how to assess different information sets one may experience in the sector. Students might participate in experiential discovering chances as well as take coursework in locations like statistics, programming, anticipating analytics, modeling.
Advertising and marketing degree programs aid prepare trainees to be imaginative problem-solvers while planning advertising projects and also building brands. Students may better create their critical-thinking as well as communication skills while enrolling in consumer actions, marketing techniques, advertising and marketing analytics, and also a lot more.
Options to Advance
With your MBA in hand, you’ll just about be at the top of the corporate food chain. However, if you are still looking to add growth to your resume, or your education, there are still a few options to allow you to advance.
If you’re looking at making a lateral move, you might want to consider earning a post-graduate certificate. These are offered at schools all over the country and many of them are available online. With this, you can make a move into a specialization, even if you didn’t choose one when you were originally earning your master’s degree.
Another good option is professional certification. If you’re looking to add the perfect certification to your resume before you apply for a top job, you might want to consider certification from the CEO Institute. They offer certification for middle management, senior management, and CEOs themselves.
However, if you are looking to move into a completely different field, but you don’t want to start over near the bottom, you may need to earn another master’s degree. For example, if you want to move from a corporation into health services administration, a master’s in healthcare Administration (MHA) may better serve your career goals.
Colleges that Offer a Master’s Degree in Business
Northwestern University Kellogg School of Management
Evanston, Illinois
The full-time MBA program here allows you to earn your degree in the quickest time possible. You’ll find that you have several options that enable you to realize your goals and develop yourself as a person.
Degrees Offered:
Business Administration and Management – Master’s Degree & Postgraduate Certificate
Business Administration, Management, and Operations – Master’s Degree & Undergraduate Certificate
Business, Management, Marketing, and Related Support Services – Master’s Degree
Business/Commerce – Master’s Degree
Business/Managerial Economics – Master’s & Doctorate Degrees
E-Commerce – Master’s Degree
Entrepreneurship/Entrepreneurial Studies – Master’s Degree
Finance, General – Master’s & Doctorate Degrees
Human Resources Management/Personnel Administration – Master’s Degree
International Business/Trade/Commerce – Master’s Degree
Labor and Industrial Relations – Master’s Degree
Management Information Systems – Master’s Degree
Management Science – Master’s Degree & Postgraduate Certificate
Management Sciences and Quantitative Methods – Master’s Degree
Marketing/Marketing Management – Master’s & Doctorate Degrees
Non-Profit/Public/Organizational Management – Master’s Degree
Operations Management and Supervision – Master’s Degree
Organizational Behavior Studies – Master’s, Doctorate Degrees & Postgraduate Certificate
Stanford University Graduate School of Business
Stanford, California
This residential, two-year MBA program allows you to a general management degree. If you are seeking a business education that gives you several challenges to help you develop yourself as a leader, then look no further. Join your fellow students as future leaders.
Degrees Offered:
Business Administration and Management – Master’s & Doctorate Degrees
Business Administration, Management and Operations – Master’s Degree
Business, Management, Marketing, and Related Support Services – Master’s Degree
Harvard Business School
Boston, Massachusetts
An MBA from Harvard Business school is a full-time, two-year program. You’ll be exposed to general management materials in your curriculum, as well as real-world practice opportunities. Your professors use the case method of instruction, allowing you to think from the mindset of the protagonists in each case.
Degrees Offered:
Business Administration and Management – Master’s, Doctorate Degrees & Postgraduate Certificate
Business/Commerce – Master’s Degree
Business/Managerial Economics – Master’s & Doctorate Degree
Finance, General – Master’s Degree
Project Management – Master’s Degree
Research and Development Management – Master’s Degree
The University of Chicago Booth School of Business
Chicago, Illinois
The Booth School of Business offers four MBA program formats. Choose from the full-time MBA, weekend MBA, evening MBA, and the executive MBA, based on how they fit your personal and professional life. You’ll earn the same MBA degree from the same faculty.
Degrees Offered:
Business Administration and Management – Master’s Degree
Business/Commerce, General – Master’s & Doctorate Degrees
Finance, General – Postgraduate Certificate
International Business/Trade/Commerce – Master’s Degree
International Finance – Postgraduate Certificate
Marketing Research – Postgraduate Certificate
Massachusetts Institute of Technology Sloan School of Management
Cambridge, Massachusetts
Beginning with your first semester, you and your cohort will delve into management theory and its related practice. You’ll also learn that MIT’s motto, “mens et manus” (mind and hand) means that your education will be put to use in practical applications.
Degrees Offered:
Business/Commerce, General – Master’s & Doctorate Degrees
Management Sciences and Quantitative Methods – Master’s Degree
Colleges that Offer Online Master’s Degrees in Business
University of Florida Warrington College of Business
Gainesville, Florida
The University of Florida’s Warrington College of Business offers two MBA options: The online one-year MBA and the online two-year MBA. The online MBA is identical in content to the MBA earned on-campus.
Degrees Offered:
Online One-Year Master of Business Administration (Online MBA)
Online Two-Year Master of Business Administration (Online MBA)
University of Virginia Darden School of Business
Charlottesville, Virginia
In this online MBA program, you’ll learn from top-ranked faculty. The program offers several programs, such as Design Thinking & Innovation, Marketing, Product and Project Management, Accounting, Leadership & Management, and Strategy, Ethics & Entrepreneurship. The business skills you learn are some of the newest offered.
Degrees Offered:
Online Master of Business Administration (Online MBA)
University of Minnesota Online
Twin Cities, Minnesota
In this online Master of Business Administration, you get both business fundamentals and electives that are specific to several industries. this enables you to tailor your own education to your own goals and career interests. You’ll also be able to expand your skill set and everything takes place online.
Degrees Offered:
Online Master of Business Administration (Online MBA)
University of North Carolina Kenan-Flagler Business School
Chapel Hill, North Carolina
Kenan-Flagler Business School’s online MBA program is a high-ranked degree program that gives you the chance to develop your own approach to leadership. Using your values and strengths, you’ll set your own path for success.
Degrees Offered:
Online Master of Business Administration (Online MBA)
University of Minnesota Carlson School of Management
Minneapolis, Minnesota
Carlson School of Management allows MBA students to choose courses that fit their schedules; if students are working, they can choose evening or weekend classes. The program is structured so that online students are able to complete their degree program in two years.
Degrees Offered:
Online Master of Business Administration (Online MBA)