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Guide to MBA Programs for Military and Veterans

A Master of Business Administration (MBA) is a postgraduate degree offering advanced, comprehensive training in business principles and leadership skills. Most major universities and colleges provide MBA programs, which last one to two years.

MBA programs may include core courses in accounting, management, finance, marketing, business law, and management training.

They typically focus on leadership, planning, business strategy, organizational behavior, and all aspects of business management. The specialized skills and knowledge gained from an MBA can significantly increase lucrative career advancement opportunities.

Admission to an MBA program generally requires taking the Graduate Management Admission Test (GMAT) and meeting the specific selection criteria of the program, which is different from school to school.

What Are the Benefits of an MBA?

An MBA allows graduates to either accelerate their career progress in their current field or substantially shift to a new career path with an enhanced business skill set.

With an MBA, students gain a deeper understanding of global business operations, improve their communication skills, and build valuable connections with industry professionals. Finally, they’ll develop excellent time management skills from balancing their academic, professional, and personal responsibilities.

MBA Program Types

It is not uncommon for some MBA students to have professional experience when entering a program, as some require real-world experience. However, there are several other programs suitable for college-level candidates.

Each school has different MBA programs with various specialties and disciplines. You will easily be able to find an MBA program that meets your needs.

Full-Time MBA Programs

Two-Year MBA Programs

A two-year MBA requires full-time attendance at school. During their first year, students follow a core curriculum that provides a comprehensive foundation in key business areas.

This may include coursework in accounting, marketing, operations management, organizational behavior, economics, and strategy. These subjects prepare students for more specialized courses and electives in their second year.

One-Year MBA Programs

In a one-year MBA program, students engage in an intensive and accelerated curriculum that covers business disciplines like those mentioned above but at an accelerated pace.

The program often emphasizes practical, real-world applications and may include projects. It is one year long and aims to equip students with what they'll need to advance their careers in a shorter period.

Schools with Full-Time MBA Programs

Part-Time MBA Programs

Students who wish to continue working while attending school can pursue a part-time MBA program. This program offers flexibility in how quickly a student moves through the program and how many courses they can take simultaneously. Part-time programs may be a better option for those wanting to study at their own pace and offer the flexibility of evening or weekend classes.

Schools with Part-Time MBA Programs

Executive MBA Programs

An Executive MBA (EMBA) program is designed for experienced professionals and senior executives looking to enhance their leadership skills and strategic thinking while continuing to work full-time. Classes are usually scheduled on weekends or in intensive modules to accommodate the student's busy schedule.

EMBA programs are open to candidates with significant professional experience focusing on more advanced topics, such as leadership development.

Schools with Executive MBA Programs

 

Online MBA Programs

An online MBA can be two-year, one-year, or part-time, but allows students to attend school remotely. This MBA program gives students even greater flexibility with their courses.

Schools with Online MBA Programs

Global (International) MBA Programs

An International MBA (IMBA) program prepares students for global business careers, emphasizing international perspectives and cross-cultural management. International study trips, exchange programs, and internships provide hands-on experience, while courses may cover international finance, global marketing, and cross-cultural communication.

Schools with Global (International) MBA Programs

Specialized MBA Programs

While management and finance courses are the norm in an MBA program, many allow students to concentrate their studies in specific industries. For example, students may focus on different concentrations within their MBA, such as criminal justice, education, tech, law, or hospitality. Some MBA programs even offer joint degrees or a dual MBA program.

A dual MBA program allows students to complete two master's programs quickly, as core courses in one program can double as electives in another.

MBA Program Career Outlook

According to the Bureau of Labor Statistics, the average annual compensation for MBA graduates was over $116,000 annually. Of course, this depends on the state, years of experience, industry, company, and specific job role. Most total pay packages range between $102,000 and $191,000 per year.

Many MBA careers are experiencing a growth rate that is higher than average for all occupations in the U.S. For instance, employment for medical and health service managers will increase by 28 percent by 2032. Financial management positions will grow by 16 percent, while human resources (H.R.) managers will see a growth rate of 5 percent during the same period.