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Why Pursue an MBA in the US?

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Why Pursue an MBA in the US?

All students who are interested in pursuing a higher education have a big question they must ask themselves: do they want to continue their education to the Master's level? Nearly all students begin their college experience with a Bachelor's Degree, but whether this is as far as their education goes is entirely up to them. There are huge benefits to both options, and neither are objectively correct. Your unique situation will determine whether you should jump into your career or continue your studies to earn a Master's Degree. This simple guide will give you all the information you need to make this decision for yourself.

  • What is an MBA?

    Before you can make your decision, you need to have a firm understanding of what a Master's Degree is, how it affects your career, what it takes to earn one, and what you need to know before you enroll. This guide will be focusing on the MBA. First of all, you may be asking yourself, "What does MBA stand for?" This acronym means Master of Business Administration. This type of degree is essentially a specialized Master's Degree for students who want to work in management positions in the business field. The core of any MBA program involves management, business communication, accounting, ethics, operations, law, economics, entrepreneurship, marketing and more. If you enroll, you will mostly likely specialize your program to your unique desires and aspirations. You can choose a more specific major than business administration, taking elective courses to gain specific skills. This prepares you for a certain field in particular within the world of business.The exact cost of the MBA program you choose will depend on many circumstances, including the school, length of study, area of the US you are studying in, and more. Before you enroll, it is very wise to research all these aspects to know exactly how much it will cost. Additionally, you need to think about how long it will take you to graduate. The MBA requires 60 credits, which is higher than comparable degree programs in other countries. So, how many years does it take to complete? It was designed to require two years if studying full-time, or three to four years if studying part-time. Before you can enroll in an MBA program, you must take the GMAT, or Graduate Management Admission Test. This exam tests students on their managerial abilities. There are three sections, which include analytical writing assessment, verbal ability and quantitative skills.

  • Differences from Other Degree Types

    The biggest difference between an MBA degree and a Master of Science, Master of Arts, or another type of Master's Degree is the subject. The MBA focuses on business management and administration, and it is essentially impossible to earn an MBA in fields unrelated to business in some way. However, you can absolutely earn a Master of Science in Business. So, what is it exactly that makes an MBA different?The simple answer is that MBA programs are more involved and focused. This type of program was designed for business students specifically, so every aspect of study revolves around business administration. Additionally, the MBA is specifically for students interested in leadership or management positions. The Master of Science in Business may be better suited for professionals of all different levels, but the MBA is only for managers and executives.Finally, it is important for prospective students to realize that the MBA is a hugely difficult degree to earn. It is often considered to be one of the most difficult programs to enroll in. This is partially due to the high workload and expectations. However, just like the world of business that the MBA prepares students for, the MBA program itself is highly competitive. Only the most committed and talented students can thrive in an MBA program.

  • How an MBA Differs from an EMBA

    There are two different types of MBA degrees. There is the standard Master of Business Administration and the Executive Master of Business Administration, which is sometimes called the EMBA or Executive MBA. Knowing the difference between MBA and EMBA is important. What you initially think of when picturing a Master's Degree program probably resembles the MBA. This type of study is intended for students right after they earn a Bachelor's Degree. It is useful for students interested in becoming managers of all levels, or possibly entrepreneurs. MBA programs cover foundational business aspects that can be applied to all types of businesses and positions. On the other hand, EMBA programs are designed for older students. The average age of EMBA students is 32 to 38. One of the biggest requirements to enroll in an EMBA program is five years of business experience. Instead of learning how to become a manager of some kind, Executive MBA programs are for those who want to be an executive, CEO or president of a major corporation someday. This requires a completely different and more advanced set of skills. An impeccable understanding of business operations, economics and finance is required to succeed. The MBA is often designed to require so much of students' time, they cannot realistically hold a business job while studying. The EMBA, on the other hand, is usually taken alongside a major management position. Classes are often on Friday evenings, on weekends, at night or online to allow for a busy work schedule the rest of the week.

  • Enter Your Career

    The one purpose that every college degree inevitably serves is to help the recipient enter their career. Some positions are only attainable with a Master's Degree, while others can be entered with only a Bachelor's Degree, or possibly without a college degree at all. Ultimately, if a degree is not necessary for your goal, you are better jumping right into your career right out of high school. This is another reason why performing extensive research in advance is so important to making your education as successful as possible. Think carefully about what position you would like to hold, and then explore whether or not an MBA is necessary to attain that position. Holding a Master's Degree may allow you to enter your dream position immediately. Alternatively, you may be able to begin in a lower position and work your way up to the position you desire. In most cases, the amount of time it would take to work into an advanced position is higher than the time it takes to earn the necessary degree. The MBA program is most beneficial for students who hope to enter an advanced management position, such as operational manager or department head.

  • The Difference Between the US and the UK

    What is the difference between earning an MBA in the US versus the UK? Is there an advantage to traveling to the US to earn this degree? It is true that the US is the most common location to study for an MBA, and the most appealing schools that offer this degree are in the US. This is because the MBA was developed in the US. The first MBA program was offered in 1881 at the University of Pennsylvania. Since then, more countries all across the world have begun offering MBA programs, including the UK and France.An MBA earned outside the US carries just as much weight as one earned in the US. The biggest difference is the average quality of education and the accessibility of a program. Simply because there are fewer schools outside the US that offer MBA opportunities, it may be more difficult to find a program that suits your scheduling and financial needs.

  • Develop Your Network

    One of the biggest advantages of the MBA program may surprise you. The business field revolves around who you know. Studying for your Master's Degree gives you the opportunity to create a network of connections. Your peers will all be like-minded students interested in becoming business managers, just like you. The relationships you develop while studying could lead to business partnerships someday, or may open the door to the job of your dreams.

  • Develop the Skills You Need

    The qualifications for a successful career have two categories. Knowledge is vastly important, but having the right skills is just as important. Studying for your Master's Degree gives you the opportunity to develop your business, marketing, financial or managerial skills in a safe environment. You can discover which areas appeal to you the most so you can make adjustments to your career path. Not only does having relevant skill experience help you succeed in future positions, it helps you enter those positions in the first place. Employers are very interested in candidates' abilities and skill set.

  • Increase Your Earning Potential

    Simply put, those who hold a Master's Degree earn more than those who do not, even in the same position. This is both because more advanced positions that pay more are attainable, and because salary is increased for degree-holders. Choosing whether you want to pursue a Master's Degree in business administration is not a simple decision. You need to consider all these aspects carefully to make the best decision. SchoolApply can help you research your options and prepare an application that will make you stand out.

Levels Explained

  • Bachelor's

    A bachelor's degree (also called a first degree or undergraduate degree) is attained after receiving a post-secondary (high school) education and generally spans four years. Students pursuing these types of degrees are commonly referred to as bachelor or undergraduate students. A bachelor's degree is usually offered at an institution of higher education, such as a university.

  • Master's

    A master’s degree (or postgraduate or graduate education) involves learning and studying for academic or professional degrees. This degree is preceded by a bachelor’s degree and generally takes two years to complete. Students pursuing these types of degrees are commonly referred to as master's, or grad students.

  • Pathway

    Bachelor’s and master’s pathway programs are designed for international students who need additional English language and academic preparation before continuing to a degree program at a university. The purpose of these programs are to give students the confidence and skills needed to succeed in college.

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