A Masters in Business Administration is a postgraduate degree, and is also the most highly respected business degree available for prospective students. The course can be studied part time or full time and specialisation degrees are available such as the International MBA and the Executive MBA.
An MBA is suitable for those students who are aspiring to gain a career in the business field but as of yet do not have any experience, or those who already in employment who wish to further their career. It is also suitable for those students with a clear interest in marketing, entrepreneurship and enterprise.
Course content may differ depending on the university you are applying to. Whilst some universities require students to take a range of optional modules alongside core modules, some institutions make the course highly flexible by letting the students choose all of their modules.
Core modules can include:
- Financial management
- Strategic marketing
- Operations management
- Research methods
- Organisational behaviour
- International business environment
If optional modules are offered you can expect to have the choice from the following topics:
- Business forecasting
- Project management
- International marketing
- Business consultancy
Entrance to a Masters in Business Administration may vary depending on the university that you are applying to, but it is normally expected for applicants to hold a good 2:1 class honours in any subject. Prior knowledge of business, or work experience in the business field are not normally required but may be an advantage.
Some postgraduate degrees in Business Administration may require students to attend an entrance interview. To help you understand postgraduate interviews we have put together an article for the top 10 questions that are likely to pop up and the best ways that you can answer them: Top 10 Postgraduate Interview Questions.
Throughout the course of an MBA students will gain many transferable skills including problem solving, management and interpersonal skills. These are all essential skills that can be applied to many different aspects of a business career. The MBA helps graduates to gain roles in management in a wide range of industries including healthcare, public service, energy and consumer goods. Other graduates choose to start their own business ventures. Some popular careers of MBA graduates include:
- Director of finance
- Investment Advisor
- General Manager
- Managing Director
- Research analyst
- Head of business development