Friday, August 10, 2012

All of the Various MBA Specializations

By Patty Mormon


The MBA (Master of Business Administration) predates all the other post gratduate business degrees around. The fist MBA program was at Harvard University in 1908. Since then it has changed and grown to become the most significant and popular post graduate degree, providing numerous specialty paths and being taught in a number of different formats.

That Harvard MBA can run you up to $200,000 today, however the average program runs $60,000. Don't forget the expense of all the time spent writing reports and doing research. Some no-name online schools offer the program for as low as $7,000. Other online schools get away with charging a premium. They understand the market value of the convenience.

Finishing the MBA is like completing a two year marathon. It is a major victory. The value in potential career earnings which it adds is the icing on the cake. That's what a business degree is supposed to do, right? Looking at two professionals of equal accomplishment and 5-9 years of experience, the one with the Bachelor of Business Administration averages $51,376 a year, while the MBA averages $68,989 annually. That is a big impact.

Lots of MBA students never specialize. They focus totally on business management for his or her career. For that matter, several MBA programs offer only the management option. It is not a constrained choice, as all businesses larger than a handful of people need managers.

The MBA specialization in communication covers jobs in media, advertising, and journalism. There is some crossover with marketing when it comes to public relations as both specializations can stake their claim. MBAs are not as prevalent in these fields as more traditional areas like finance, so this can provide a solid career advantage.

A host of opportunities are available for grads in the information technology sector. Since vast numbers of people work on most large I.T. projects, skilled managers are needed for project management, recruiting, staffing, information systems management, and implementations management. The ability to bridge the realm of technology with traditional business is valuable.

Another common need of companies of all size is marketing. Some companies are large enough to have its own marketing department, while others outsource their marketing needs to agencies. Those needs include branding advertising, promotions, and public relations. MBA grads in marketing can be found with job titles like marketing manager, branding specialist, advertising executive, public relations specialist, and marketing analyst.

Healthcare also provides a number of opportunities for those with the MBA. The MBA Healthcare focuses on the business aspects of healthcare management like accounting, finance, marketing and healthcare policy. This degree is for those who manage hospitals, medical offices, other clinical care facilities and public health programs.




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