All the Different MBA Degrees

Written By Hicham DARIF on 28 juil. 2012 | 11:27

By Odelia Carrier

Harvard introduced the Master of Business Administration in 1908 making it very well established. The degree has expanded from there. Nowadays, the degree has many different specialty versions, and it is taught in a number of different ways to fit in with the needs of traditional students, working students, and those with other time constraints.

That Harvard MBA can run you up to $200,000 today, however the average program runs $60,000. Don't forget the expense of all the time spent writing reports and doing research. Some no-name online schools offer the program for as low as $7,000. Other online schools get away with charging a premium. They understand the market value of the convenience.

It is a sizeable investment that yields solid returns. Professionals with just a Bachelor of Business Administration (BBA) make much less than someone with identical experience that has a MBA. For instance, in the case of someone with 5 to 9 years of experience, the MBA makes about $17,600 more per year. Plus, the diploma is a source of pride and achievement.

A great number of MBA students don't specialize. They focus solely on business management for their career. In fact, a number of MBA programs only offer the management option. It's not a limited choice, as all business ventures larger than a handful of people need managers. Also, there are career opportunities in specific business areas, like human resources, logistics, and shipping.

As businesses are comprised of people, skilled managers are needed to handle human resource departments. Human resource managers deal with the various aspects of the organization related to the employees, including hiring, firing, benefits, retirement planning, personal assistance, and coaching. Usually a MBA Human Resources will hold the title of HR manager, benefits manager, recruiter or the like.

For those that want to work in management roles in hotels, restaurants and the tourism sector the MBA in Hospitality and Tourism examines the techniques needed to run those organizations. Coursework covers everything from logistics to how to manage facilities operations. This is a less common specialization.

Another typical need of businesses of any size is marketing. A number of companies are large enough to have its own marketing department, while other companies outsource their advertising needs to agencies. These needs include branding advertising, promotions, and public relations. MBA grads in advertising and marketing can be found with job titles like marketing manager, branding specialist, advertising executive, public relations specialist, and marketing analyst.

Healthcare also provides a number of opportunities for those with the MBA. The MBA Healthcare focuses on the business aspects of healthcare management like accounting, finance, marketing and healthcare policy. This degree is for those who manage hospitals, medical offices, other clinical care facilities and public health programs.

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