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If you are pursuing a career in business, finance or a related field, you may choose to earn a Master of Business Administration degree (MBA) in the USA.
An MBA degree — which follows a BA or BS degree — refines and diversifies your knowledge of business systems. In the competitive corporate arena, an MBA confers a distinct professional advantage.
There are five different routes to obtaining an MBA in the USA, each tailored to a specific kind of student:
When choosing which route to follow, consider your schedule, previous employment, academic experience and career goals. It’s important to challenge yourself without also feeling overwhelmed or intimidated.
Admission requirements vary from school to school, but all will expect you to have already earned a bachelor’s degree (preferably, but not necessarily, in a business field). Many schools also request scores from the Graduate Management Admission Test (GMAT), along with academic transcripts, letters of recommendation, writing samples and relevant work records.
Once you are admitted, think about what you want from an MBA.
Several schools allow students to specialize in areas like accounting, corporate strategy, human resources, and economics. Some schools offer even more precise specializations, e.g. Asian business or sports management.
Even if your school doesn’t offer specialization, the MBA curriculum nonetheless exposes you to all aspects of business administration. Focus areas include economics, marketing, accounting, information technology, supply chain management and international business.
Because the MBA is such a career-minded degree, it’s important to study an area that you enjoy and which also offers professional opportunities.
While earning an MBA in the USA won’t turn you into an entrepreneur, it will enhance your understanding of how business works — certainly a good start.