An MBA (Masters in Business Administration) is the most sought-after
graduate degree in the United States. It is versatile, international,
and boosts your career. However, before embarking on an MBA, you need
to clearly identify your career goals and rule out other alternatives.
Benefits of an MBA
An MBA (Masters in Business Administration) is the most sought-after
graduate degree in the United States and holds great value and
opportunity around the world. There are many reasons why an MBA
degree is a great way to charge up your career. Here are the top 10.
1. Advance your career
An MBA can prepare you to move into a managerial position within your
field. Some careers require an MBA for advancement.
2. Change careers
An MBA program will give you the flexibility to explore your options,
and the right training to change careers.
3. Improve your credentials
An MBA is a credential that sends a signal to the marketplace.
4. Earn more money
MBA degree holders tend to have higher earnings. In 2015, the median
starting salary for new MBAs was $100,000, according to an annual survey
by the Graduate
Management Admission Council (GMAC).
5. Get the support of your employer
As today's marketplace becomes increasingly complex, many employers
need to fill managerial positions with candidates who have advanced
knowledge and skills. They're sending employees to business school
for their MBA degrees—and footing the bill.
6. Start your own business
If you want to start your own business, but feel you don’t have the
necessary expertise, an MBA degree can help you with everything from
writing a business plan to acquiring venture capital and launching an
7. Gain leadership and management skills
An MBA program gives you a wide range of business knowledge and
technical skills in a short period of time, as opposed to the
trial-and-error processes of on-the-job learning that can take years.
8. Lead in an emerging field
An MBA will give you the innovative education that can lead to an
exciting career in an emerging field like information technology,
e-commerce, brand management or mobile telecommunications.
9. Grow your network
In your MBA program you'll develop strong relationships that can help
you throughout your career. You’ll get access to an alumni network,
which can help with job searching and mentoring.
10. Get greater job security
MBA graduates are highly desirable in any job market.
Getting your Master’s degree will require a big investment of time and
money; you want to make sure your main question is answered: which
Master’s degree or postgraduate qualification should you pursue?
What is the difference between an MBA and an MS? Should you get a
Master of Accountancy or an MBA? What is preferable? An MACC or an MBA?
The next section will highlight the differences between the MBA and
many of the alternatives on the market.
The question of a MBA (or Master’s in Business Administration) vs. an
MS (Master of Science) degree comes down to breadth versus depth. An
MBA degree offers a broader view of business management.
Those who want to apply for an MBA need to have completed a BBA (Bachelor of Business Administration), or a liberal arts or bachelor of science degree, together with possessing related job experience. They are required to have passed the entrance examination conducted by the specific university or the college that offers the program or the general admission test.
A CFA certification is more niche. A CFA trains the students to become financial experts with very strong analytical skills.
Globally there are only 1,20,000 CFA members.
Harvard Business School estimates that the class of 2014's degree cost $87,200 for a single person, and $121,200 for someone with a family. Columbia estimated the class of 2013’s budget at $89,243.
The ACCA and CIMA are chartered accountancy
qualifications. Those who have successfully completed these
qualifications become chartered accountants.
An MBA is a Master’s degree
that is business orientated. On the other hand, an ACCA qualification is
geared at undergraduate level and can often be achieved whilst studying
for a BA or BSc.
Both the PGDM (Post Graduate Diploma in Management) and MBA (Master’s of Business Administration) are courses in the field of management. The minimum educational qualification for the PGDM is a Bachelor's in any degree (any art or science major), but preferably in commerce. It is a one-year, full-time course or a 2+-year, part-time course offered by universities around the world. You can study PGDM programs in specialized areas, including HR Management and Project Management.
Candidates who apply for an MBA course should have preferably done degree courses in business administration or any other field. However, they also need to pass the admissions test, have relevant work experience, and recommendations. The MBA is a two-year, full-time or a 3+-year, part-time course offered by universities around the world.
PGDM programs are less expensive than MBA programs. They do not specify a specific passing grade in the admissions tests. The Post Graduate Diploma in Management is a diploma course and not a degree. The main reason why postgraduate courses are classified as PGDM is that the institute is an autonomous body (not affiliated to any university) and cannot offer an MBA degree. However, this also has its advantages. Since the colleges have autonomy, the curriculum can be updated regularly depending on the needs in the industry. Therefore, one could argue that PGDM courses are industry-relevant compared to MBA courses. However, university MBA programmes are also of value, depending on the university where one does the MBA.
While opting for PGDM courses, students must check that the college offering the course is accredited by the AICTE.
The MBA (Master’s in Business Administration) is a postgraduate degree course, whereas CPA (Certified Public Accountant) is a specialized certification.
However, those who want to go into auditing, whether as controller, CFO, or financial analyst, or work in one of the big accounting firms_,_ will need a CPA.
When deciding whether you should do an MBA or MCS (MS
in Computer Science) it’s best to consider what your main motivation is
for doing a postgraduate degree.
An MBA may be preferable if you are interested in
working in IT management, as you will learn about leadership, budgeting,
marketing, and other business-related topics. However, if you are
interested in a more technical path, it is best to find a degree program
that expands your technical knowledge in an area of interest, such as
database design or data security.
Unlike the MBA in which employers might judge the reputation of the university where you studied, the CMA exam is an industry-designated exam that is only issued through one institution. The CMA is also self-taught so candidates can study and prepare at their own pace using review courses.
The qualification is usually done on the job so it is more suited to those already working.
The DBA (Doctor of Business Administration) is the highest level of business degree possible in the current educational system.
In comparison, a doctorate in business administration for professionals at a renowned institution takes about EUR 67,000 (Cranfield School of Management).
The IAS (Indian Administrative Service) promises a very competitive and challenging career. To get into the IAS, you will have to pass the UPSC Civil Services Examination and this demands hard work, dedication and a keen interest in current affairs.
An MBA from a reputable institution has good scope.
An MBA deals with the business side of professions, different aspects of business strategy, making management decisions, understanding project viability, finance and cost involved, marketing strategy, market conditions, etc.
Both IAS and MBA serve a different purpose in society.
Deciding whether to do a Master’s in Finance or an MBA
can be quite difficult because these programs are related degrees and
lead to the same kinds of careers (in economics and finance). Both
programs prepare students to handle positions at the administrative
level in business and finance industries and offer high-paying career
opportunities in the future. However, there are some differences between
the two in terms of tuition costs, length of study, and job and
networking opportunities. Choosing which one to take can be challenging.
If you are comparing the MBA versus the LLB you should
ask yourself why you are studying and what your expectations are. If
you’ve always wanted to be a lawyer, then you should do an LLB.
gives you the tools to do your job better, with higher pay and a
Those who choose to do an LLM may be unsatisfied with
the lack of in-depth coverage of their favorite law subject during
their LLB and are eager to engage in further study, whilst others might
see an LLM as something to give their CV more clout. A Master’s degree is quite welcomed in barristers’ circles, as it shows that you have an intellectual mind and a genuine passion for law.
Following your Bachelor’s degree, if you want to go to
graduate school you will have to decide whether to earn an MPA (Master's
in Public Administration) or an MBA (Master’s in Business Administration).
The MBA and MPA are both professional postgraduate degree courses. There
are a lot of similarities between them: both teach students
organizational and managerial skills to help them work in middle and
top positions in public and private sector organizations. However, they
are also very different.
As you move through your career you may be wondering
about an advanced degree in healthcare and trying to figure out whether
to be a NP or get an MBA (Master’s degree in Business Administration)
A nurse practitioner (NP) is a nurse with a graduate degree in advanced practical nursing; either a Master’s or Doctorate (DNP or PhD). Nurse practitioners are known as advanced practical nurses (APRNs) and, if they have a Doctorate in Nursing Practice, can be referred to as DNPs.
If you are a nurse considering studying for a Master’s
degree, here is what you should know when considering whether an MBA or
an MSN is the best fit for your career goals.
It is worth doing an MSN
if you want to be a professor of Nursing or a nurse practitioner. If
you want to teach nursing students, you have to have an MSN. If you
want to be a nurse practitioner, you need to complete your MSN before
sitting for your licensure exam to be a nurse practitioner. A nurse
practitioner allows you to practice with greater autonomy, prescribe
medications, perform medical procedures and practice in a clinician
role providing care for patients, and in a variety of other roles such
as research, case reviews and management (e.g. as a chief nursing
If you join the Air Force with a college degree, you’ll
begin your career with officer training school. It is one of the most
memorable training and education programs in the Air Force. This is a
mentally and physically challenging nine-and-a-half-week program,
organized into four phases. In the first and second phase of your
training, you’ll focus on teamwork, military management discipline and
standardization. Phase three focuses on the practical application of
the lessons learned in the first two phases. The final phase of the
program prepares you to make the transition from training environments
to the operational Air Force.
The MBA and the PMP can't really be directly compared,
as they have different goals and requirements.
A Project Management
Professional (PMP) is an internationally recognized professional
designation offered by the Project Management Institute. The exam is
based on the PMI Project Management Body of Knowledge (PMBOK), and
requirements to sit for the exam include a Bachelor's degree, at least
4,500 hours of experience leading and directing projects, and 35 hours
of formal project management education.
The Staff Selection Commission conducts Combined Graduate Level Examination (SSC – CGL) for recruitment to different central civil posts, such as assistant, inspector, SI, divisional accountant, statistical officer, auditor, accountant, junior accountant, UDC, or tax assistant.
On the other hand, an MBA course aims to make students capable of handling all aspects of business situations. This means the course covers resources, marketing, accounting, operational management, and more.
The Union Public Service Commission is India’s central agency authorized to conduct the Civil Services Examination, Indian Forest Service examination, Engineering Services Examination, Combined Defense Services Examination, National Defense Academy Examination, Naval Academy Examination, Combined Medical Services Examination, Special Class Railway Apprentice, Indian Economic Service/Indian Statistical Service Examination, Combined Geoscientist and Geologist Examination, and Central Armed Police Forces (Assistant Commandant) Examination.