Mba what does it cover

These usually combine core MBA courses in management with a specialist track of courses focused on your area of interest. Core MBA courses cover the foundations of general management. Core courses typical of MBA programs include:. Elective MBA courses give you the opportunity to select courses that best match your individual career goals. You usually study the core MBA syllabus before choosing electives in the second half of the program. There are a wide variety of elective courses covering anything from HR management, nonprofit management, entrepreneurship, sustainability and CSR, to cutting-edge topics like artificial intelligence and blockchain.

Most MBA courses are taught using the case study method, made famous by Harvard Business School, which sees students analyze case studies of business successes or failures before discussing them in class. You learn the business theory during an MBA before applying your learnings in group project work or even real-world consulting projects. Outside class, you can immerse yourself in all aspects of business school life: MBA clubs, extracurriculars, networking events, conferences, competitions, company visits, and exciting international immersions.

What can you do with an MBA degree? Pretty much anything you set your mind to. An MBA prepares you for jobs in a variety of industries and roles. Typical MBA jobs include:. Employers love hiring MBA graduates and many recruit on campus. Increasingly, MBA graduates can be found in industries ranging from healthcare to nonprofits working for both multinationals and startups, and many start businesses of their own.

In , 18 percent of Stanford Graduate School of Business graduates dedicated themselves to entrepreneurship and launched their own ventures.

Several years after graduation, MBAs progress to senior, executive-level jobs. Getting an MBA degree will boost your salary prospects. Three years after graduation, MBA salaries can increase by well over percent. Across the top 10 MBA programs ranked by the Financial Times in , students increased their salaries by more than percent on average three years after their MBA. Your average MBA salary prospects naturally vary depending on your industry, role, and the business school you go to.

The highest-paying MBA jobs tend to be in finance or consulting. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These help us personalise our sites for you by remembering your preferences and settings. They may be set by us or by third party providers, whose services we have added to our pages. If you do not allow these cookies, then these services may not function properly.

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They do not store directly personal information, but work by uniquely identifying your browser and internet device. Accredited MBA courses and business schools prepare you for senior management roles in business by exposing you to all areas of business including accounting, finance, marketing and human resources.

Unlike other postgraduate courses which provide further specialisation in a specific field , an MBA degree is interdisciplinary, drawing from the fields of psychology, sociology, economics, accounting and finance.

The MBA gave me a leg up. I learned so much — strategy, financial skills and marketing. It provided a great overview of so many different disciplines. You can expect at least one major project with a real 'client' 25, words is common , company visits, exchange programmes and other real-life simulations. Most programmes have an entry requirement of 3—5 years of management-related experience before enrolment. MBAs are often available as distance-learning, part-time and full-time programmes, or as double qualifications that allow you to spend time in more than one place.

Many of these updates developed in response to the global economic disaster. In its wake, many commentators blamed business schools for advocating the use of potentially dangerous financial instruments that sparked the crisis, like interest-only mortgages and derivatives, without providing their graduates concomitant professional responsibility training with respect to the appropriate applications of these instruments.

In their words,. Some commentators even go so far as to claim that the core of an MBA is nothing more than a commodity; that it matters little where you study it, because everywhere teaches the same thing; and that it is the rest of the programme that adds the value.

More candidates apply to these business schools than any others worldwide. From our analysis, we identified the required core courses common among all three business schools. We then grouped these common courses by functional disciplines.

What we found were six groups of related courses within the core curricula that every student must complete in order to earn an MBA degree from these top institutions. Then we went further. We compared the descriptions of similar courses within these functional groups in order to find key topics. We mostly accomplished this result from inferences based on known courses at other nationally-ranked MBA programs previously profiled in our guides.

The discipline of finance focuses on investments, especially the risk dynamics of assets over time under various conditions of uncertainty. In an introductory MBA finance course, students learn to apply capital budgeting in making decisions and evaluate the relative strengths of asset valuation techniques, such as the payback period, internal rate of return, and discounted cash flow models. The course also presents the functions of modern capital markets and financial institutions as funding sources.

Topics include financial analysis tools, policy choices like dividends or financing through debt or equity, and market imperfections; they also include deals like mergers, acquisitions, leveraged buyouts, hostile takeovers, and initial public offerings IPOs. Students then learn to control the elements of the marketing mix e.

Students next learn to set prices by extending economic price theory to selling strategies in competitive environments. Additional topics include consumer behavior and decision-making, along with promotional, advertising and marketing communications strategies. Harvard students also apply this knowledge in a brand management simulation. Accounting involves the measurement, processing, and communication of financial information. Rather, they enable students to become informed users of key financial statement information, such that they understand the implications of financial statement information that may relate to the future cash flows and earnings potential of a firm.

MBA programs first teach financial accounting: the measurement of economic activity for decision-making. Students initially learn to analyze key transactions, followed by financial statements like balance and income statements, and finally sophisticated reports like the statement of changes in financial position. They also learn the judgment involved and discretion allowed in choosing generally accepted accounting methods, creating estimates, and disclosing information in financial statements.

MBA programs also require a course in managerial accounting, which teaches students alternative costing methods so that they can analyze the profitability of different products and control costs in a variety of business settings.