Anyone who pursues an MBA degree wants one thing: to become a successful business professional. But, with so many different types of MBA degrees available, it can be difficult to determine which program is right for you.
The most common type of MBA degree is the general or traditional MBA. This program is designed for students who want a comprehensive business education. General MBA programs typically include courses in accounting, finance, marketing, and management.
Another option is to pursue an MBA degree with a concentration. A concentration is a specialization within a specific area of business. For example, you could earn an MBA degree with a concentration in marketing or accounting.
Also, there are online MBA degrees. Online MBAs are designed for students who want the flexibility to study from home. Online MBAs typically include the same courses as traditional MBA programs, but students can access course materials and submit assignments online.
To help make your decision, here is a breakdown of the most common types of MBA degrees.
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1. MBA in Accounting
An MBA in accounting helps you learn how to manage financial resources and handle complex business situations. You’ll study the subjects of financial accounting, auditing, taxation, and management accounting. After graduation, you can get a job as an accountant, auditor, or financial manager.
2. MBA in Business Administration
A business administration MBA trains you for a career in management. You’ll learn about key functional areas of businesses such as finance, marketing, accounting, and human resources. Once you graduate, you can work as a general manager, marketing manager, operations manager, or HR manager.
3. MBA in Entrepreneurship
An entrepreneurship MBA is designed for students who want to start their own business. You’ll learn about essential topics such as business planning, finance, marketing, and management. After graduation, you’ll be ready to open your own business or work as a consultant for small businesses.
4. MBA in Finance
An MBA in finance can help you become a financial manager, investment banker, or stockbroker. You’ll learn about subjects such as financial analysis, risk management, and investment banking. After graduation, you can work in fields such as corporate finance, risk management, or investments.
5. MBA in Human Resources
A human resources MBA teaches you how to manage employee relations and administer HR policies. You’ll learn about topics such as compensation, benefits, training, and labor law. After graduation, you can work as a HR manager, recruiter, or training and development specialist.
6. MBA in Information Technology
An MBA in information technology can help you become an IT manager, systems analyst, or software developer. You’ll learn about subjects such as database management, network security, and network administration. After graduation, you can work in fields such as information technology, software development, or network administration.
7. MBA in Project Management
A project management MBA prepares you to manage and oversee complex projects. You’ll learn about topics such as risk assessment, contract negotiation, and stakeholder management. After graduation, you can work as a project manager, construction manager, or program manager.
8. MBA in Consulting
A consulting MBA prepares you to work as a consultant for businesses. You’ll learn about subjects such as business strategy, marketing research, and financial analysis. After graduation, you can work as a management consultant, market research analyst, or financial analyst.
9. MBA in International Business
An MBA in international business can help you become a global manager. You’ll learn about subjects such as cross-cultural management, international marketing, and international finance. After graduation, you can work in fields such as export/import management, international business development, or global consulting.
10. MBA in Marketing
An MBA with a concentration in marketing can help you become a marketing manager, market research analyst, or advertising executive. You’ll learn about subjects such as consumer behavior, marketing research, and brand management. After graduation, you can work in fields such as product management, market research, or advertising.
11. MBA in General Management
A general management MBA provides a broad overview of business administration. You’ll learn about subjects such as accounting, finance, marketing, and operations. After graduation, you can work in a variety of managerial positions in any type of company.
Each of these types of MBA degrees offers unique benefits and opportunities for career growth. So, which type of MBA degree is right for you? That depends on your specific career goals and interests. Talk to an admissions counselor at your chosen school to learn more about the different types of MBA degrees available.