The MBA (Master of Business Administration) is a world-renowned degree program that gives graduates a competitive advantage over candidates without one. The program offers a mix of theoretical knowledge and practical applications, which is critical for professionals to make good business decisions.
The degree is especially useful for those who want to climb the corporate ladder or start their own business. The curriculum includes teaching students how to identify and solve real-life business problems through case studies.
In addition to the traditional coursework, some programs allow students to work on a specific area of interest. This is particularly common in specialized master’s degrees and can be an excellent way to boost your CV and improve career prospects.
Depending on the program, MBA students take anywhere between 60 and 120 graduate credits (i.e., approximately 18 months of class time). There are also several options for pursuing an MBA, including part-time and accelerated programs that condense a two-year program into just one year.
MBA applicants must meet certain qualifications to be accepted into a program, which can include test scores, official transcripts, letters of recommendation, and an essay or personal statement. In addition, some programs require a minimum GPA or may have an interview process. The average MBA GPA varies by school and ranges from about 3.5 to 4.0. However, top schools typically expect a higher GPA than mid- and lower-tier programs. The cost of an MBA varies between programs and can be quite expensive. mba