Call Now
General Inquiries
1-866-684-7237
Master's Admissions
1-800-460-5597 (US & Canada)
+1-647-722-6642 (International)
Bachelor's and Certificate Admissions
1-866-684-7237
A Master of Business Administration (MBA) is a graduate degree that provides individuals with the skills to excel in management positions. Today, professionals increasingly consider an MBA degree important to develop and enhance a diverse set of skills. A 2019 study by the Association of International Graduate Admissions Consultants (AIGAC) found that the top reason for applying for an MBA is acquiring new information, skills, and knowledge.
A benefit of getting an MBA is the opportunity for working adults to refine a wide range of key skills and competencies considered essential for advanced business roles. MBA programs today help students develop competencies in areas such as finance, organizational leadership, and project management, which are demanded by multiple industries. In addition, MBA programs help build skills related to specialized roles such as energy management and technology management.
The demand for a cross-disciplinary MBA program prompted business schools to offer unique curriculums to prepare students for the future of business in different industries. Norwich University’s online Master of Business Administration (MBA) program offers diverse concentrations that emphasize the development of skills to address diverse career paths.
Getting an MBA is an important step for prospective students who want to differentiate themselves and advance in their organizations. MBA programs typically offer concentrations that enable professionals to gain a deeper understanding of a vital business component. Schools offer general studies on topics such as finance, management, and accounting, according to a 2018 survey by the Graduate Management Admission Council (GMAC). However, emerging programs, such as Norwich University’s online MBA program offer both general MBA courses and concentrations including:
In the GMAC Corporate Recruiters Survey 2019, 64% of organizations reported that they are looking to hire MBA graduates of specialized programs. Information technology and supply chain management were the top concentrations sought by U.S. employers. Energy/utilities, health care, consulting, and technology had the highest percentages of employers planning to hire MBA graduates in 2019. The survey found that U.S. companies in 2019 plan to offer new MBA graduates a median annual starting salary of $115,000, compared with $55,000 for new graduates with only a bachelor’s degree.
In addition to the potential for high-value job opportunities and increased salaries, a key benefit to getting an MBA is a robust alumni network. Students spend a majority of their MBA tenure interacting with peers. After graduation, many of these relationships continue, which can help graduates develop contacts when searching for new jobs, changing careers, and looking for career advice.
The industry-relevant concentrations offered in Norwich University’s online MBA enables professionals s to build the skills and competencies sought by corporations. Discover more about how the University’s global perspective on business can lead to advancement or support a new career path.
Recommended Readings
MBA vs. Master’s in Finance: Which Works Better for Your Future Career Path?
Lessons Managers Can Learn from 5 Recent Business Failures
What Can You Do with an MBA? 7 Career Paths in the Business World
Sources
Master of Business Administration (MBA), Investopedia
2019 MBA Applicant Survey, Association of International Graduate Admissions Consulates
Master of Business Administration, Norwich University
Demand for MBA and Business Master’s Programs, Graduate Management Admission Council
Application Trends Survey Report 2018, Graduate Management Admission Council
Business School Hiring Report: Corporate Recruiters Survey 2019, Graduate Management Admission Council