Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Financial Advisor Financial Advisor Careers. Table of Contents Expand. Understanding the MBA Degree. MBA Degree Alternatives. The Bottom Line. Pros Graduating with an MBA can earn you a higher salary. You'll have a leg up on your competition if you earn your MBA from a top-tier school.
An MBA gives you the skills and knowledge you need to advance in your field. Cons Having an MBA doesn't necessarily make you an ideal hire. Going to an online or unknown school will not get you noticed. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear.
Investopedia does not include all offers available in the marketplace. Related Articles. Master of Finance: What's the Difference? Partner Links. Yale School of Management Yale School of Management is Yale University's graduate business school, and one of the top schools in the country.
What Is the Robert H. Smith School of Business? The Robert H. Investopedia is part of the Dotdash publishing family. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.
At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. By contrast, in a joint degree program, credit from a single course may count toward both degrees. These dual degree programs at ASU can be completed in three years. These joint degree programs usually take about nine academic quarters to complete over three years.
In addition, Stanford Business School students may pursue a dual degree with any graduate program at Stanford University. Some business schools allow students to combine two or more elective concentrations to gain greater flexibility in the job market and stand out as the best MBA candidate in their ideal career.
For instance, a student interested in a finance career in a global company might benefit from the detailed knowledge a dual concentration in finance and international business provides. Multiple concentrations seem to work best within part-time or executive MBA programs because one or more additional concentration fields will usually lengthen the time required to complete the MBA degree overall. One good example of a program that offers multiple concentrations is offered by the Alfred Lerner College of Business and Economics at the University of Delaware.
Students at Lerner can select multiple concentrations in areas such as finance, business analytics, healthcare, strategic leadership, and international business. For those wanting an accelerated MBA program with six specializations, Benedictine University offers accelerated MBA degrees that can be completed in one year.
Specializations include accounting, entrepreneurship and managing innovation, financial management, health care administration, international business, and marketing management. To summarize, accelerated MBA programs typically require between 12 and 18 months.
At the other extreme, part-time MBA programs generally require between 30 months to five years; longer completion times are common among students employed full-time, as well as among those who select joint and dual degrees or multiple concentrations. Finally, most executive MBA programs straddle the middle range, with the majority concentrated somewhere around 19 to 24 months. Doug graduated in the top 1 percent of his class with a business administration degree from the University of Illinois and studied computer science at Stanford University.
Earning an MBA can be expensive. These online programs ranked by affordability can be a viable alternative to more expensive programs while still receiving an excellent education and providing the flexibility working professionals need to balance the demands of work, family, and higher education. Compelling arguments exist for joining local chapters of global, national, and regional professional organizations while students are still in business school.
They permit students to immediately deliver highly marketable skills to an employer upon graduation, the value for which most employers will gladly pay handsome salaries. Because the likelihood of a great recommendation letter mostly depends on whom the candidate selects to write it, their enthusiasm level amounts to a crucial benchmark and a major deciding factor. B-School Search. Select Your State - Outside of U. If you're wondering about the length of an MBA program, it's important to know the amount of time you spend in the classroom will depend on the type of program in which you enroll.
If you choose a traditional, full-time, 2-year MBA program you may average as little as two or three hours a day in school. If you choose a more intensive, accelerated MBA program, you may spend as many as six hours a day in class.
Part-time MBA programs generally require more limited attendance.
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