All content. The University of Sydney Business School. Study business Study business Study areas. Undergraduate courses. Postgraduate courses. Postgraduate research. Student experience. Careers and employability. Student support and development. International students and scholarships. Executive education. Our research Coronavirus research. Research disciplines. Research groups. Research partnerships.
Institute of Transport and Logistics Studies. Industry and community Industry partnerships. Industry and alumni events. MBA students receive training in management, delegation, and task completion, which are critical to many industries. Kohl Friery has served in enrollment management at Lenoir-Rhyne University since In December , Friery earned his master of arts in university leadership from Lenoir-Rhyne University.
Friery holds a bachelor of science in education with a minor in English and telecommunications from Bowling Green State University. I would say that a business education would be helpful in meeting the prerequisites like accounting, finance, econ, and statistics. Without having a foundation in those areas, some students can be frustrated as they start the related courses in the MBA program.
However, there are plenty of ways to obtain that knowledge without having to enroll in a whole business program. There are companies that offer remedial education in business. One that we use is called IvySoftware. There is a larger company called StraighterLine that offers prerequisite courses as well. I am sure with a quick internet search, an applicant could find many ways to obtain the core knowledge to feel confident when entering an MBA program. Speak with the faculty and the admissions contact.
They can give you an idea of how many people in their program have a background in business and how many do not. Ask them if the people without a background struggle without that background. Faculty members are usually very helpful. Their family may own a business or they may have landed an entry-level position at a corporation right out of college. Business schools really do care about your background.
If you studied something in the realm of liberal arts to become a well-rounded member of society, then went into business, I think most business schools would value that diverse background and experience.
I would suggest both! The prep course offers the knowledge that you may not already have accounting, finance, etc. The GMAT serves as a signal of aptitude and readiness to the graduate school. You could have multiple years of business experience, but no prerequisites.
I would then suggest the formal prep courses and see if the GMAT is even needed for your application. Some schools will waive the test score requirement with experience.
It offers students the opportunity to go to college and grow, take a chance, be creative, etc. If you wanted to study anthropology, philosophy, any of the humanities, but find that you have a desire to work in business and find your meaning of success, then the MBA allows for both.
Unlike more specialized graduate degrees, an MBA provides a range of career opportunities to graduates, including management of private or nonprofit corporations, pursuing director or analyst positions, and becoming a financial manager. However, prospective MBA students without a background in business need to carefully consider whether an MBA would help them reach their professional goals.
Other than those included on the GMAC survey, other industries an MBA graduate could consider include retail, transportation, education, engineering, real estate and property management, and media. While job titles vary from company to company, here are some common examples of positions MBA graduates fill, from entry- to executive level:.
And that leads us to another benefit of an MBA program: specialization. An MBA can give you an edge in your career and lead to higher-level and higher-paying positions. What about adding a specialization?
More important, though, is that choosing to concentrate your studies in a particular area will better prepare you for the challenges of that specific career path.
MBA programs traditionally focused on finance and accounting but the evolving demand of the market led most graduate business programs to offer additional areas of focus. This helps students become more knowledgeable about a particular field. For example, he says those looking to be a more effective leader may choose to focus on organizational leadership, while someone looking to up their decision-making and operations quotient may opt for a concentration in supply chain management. Mossavar-Rahmani reiterates why he often recommends students to add a specialization.
Many MBA-seekers are aspiring entrepreneurs. The curriculum in a graduate-level business program can provide a solid foundation for planning, starting, managing, and growing a sustainable, successful business. Launching your own product or service, however, is still closely tied to the idea of leadership and management for an employer. So, aside from working in a traditional business environment, what can you do with an MBA or how else will an MBA benefit you professionally and personally?
Here are a few examples of other job options as well as community involvement opportunities where you can apply your business savvy:. These are just a few ways you can take what you learn in the MBA program and on the job and use it to benefit others.
Not only do these volunteer opportunities feel good; they can also help you expand and nurture your network. The potential for an excellent salary is another motivator for earning an MBA. Of course, pay will vary based on various factors including geographic location, work experience, and type of organization.
We also highlighted some industry averages, as that can certainly impact your salary offer. There are many reasons to earn an MBA: career advancement, salary increase, and personal enrichment to name just a few.
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Larger MBA programs yield larger networks. Certain networks are concentrated in specific geographic areas or in specific industries. And some B-school experiences create networks that are particularly active sources of mutual support. To be sure, my students devote a substantial amount of time and energy to elaborate social activities, and I often find myself amused at the lengths to which they go to entertain themselves.
Even as MBA programs have sought to attract more diverse student populations in recent years, B-schools are still disproportionately filled with people like me. And even at Stanford, which prides itself on its inclusiveness, I know that women, gays and lesbians, people of color, students from outside the U.
I hope to encourage people from a wide range of backgrounds to consider business school as an option, and it feels important to acknowledge this current state of affairs if anything is to change. You have 1 free article s left this month.
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