Master’s in Business
Master’s in Business programs are devoted to providing scholars with graduate-level education in entrepreneurship and navigating the modern-day business environment. Because there are so many different facets of the business industry, programs may have unique specialisations for students looking to focus their studies in a particular area. However, for those who either don’t have a specialisation or would like a more foundational education, they could choose a general business master’s degree program.
What Is a Master’s Degree in Business?
While specific studies differ according to the program and specialisation, business scholars commonly enroll in seminar-style courses. Such courses are designed to have a great deal of discussion and case study analysis. Specific specialisations include:
- Master’s in Business Administration
- Master’s in Accountancy
- Master’s in Arts in Management
- Master’s in Business, Entrepreneurship and Technology
- Master’s in Commerce
- Master’s in Public Administration
- Master’s in Real Estate Development
Depending on what future businessmen and women plan for their careers, they may have to attend a school in another country. This is because nuanced courses and degrees may only be offered in certain schools scattered across the globe. What’s more is that an international school might have a better program or be better equipped to educate a student in an area of business that’s more popular in that specific region of the globe. For instance, retail and pharmaceuticals are cornerstones in India’s industry, and Japan has an undeniable hold on information technology and communication. Studying abroad is also often a great way to gain a more well-rounded idea of how business works in other parts of the world.
What Are the Benefits of Earning a Master’s in Business?
Reasons for individuals to consider enrolling in a Master’s in Business program include:
- Earning the knowledge necessary to start a successful business.
- Making business connections while enrolled in a program.
- Gaining real-world knowledge from experienced business professionals, internships and other business students.
- Developing business acumen.
- Learning more about how a specific business industry works in other parts of the world.
- Setting a foundation for further studies in a post-graduate program.
- Gaining a new perspective on the business industry around the world.
Graduate degree programs can also help students find employment through the business school’s professional connections. Scholars who participate in internships have the opportunity to see what it would be like to work for a specific company or business industry. Once the internship is complete, the individual could receive a job offer to work for the company full-time.
To reap the above-mentioned benefits and get the most out of a graduate business program, it’s often best for learners to choose fully and currently accredited schools as well as those with positive rankings. Future entrepreneurs and business owners may also want to look into the program or business school’s history to see if any prestigious individuals, innovators or business owners are graduates.
What Kind of Career Can You Expect With a Master’s in Business?
Career opportunities abound for holders of master’s degrees in business. Some schools have alumni who’ve gone on to work for companies such as Google, Apple and Cisco, while others are employed in industries such as education, research and engineering.
As for specific degrees, business scholars intrigued by accounting and finance may like the idea of becoming either accountants or financial analysts. Depending on the country in which an individual chooses to work as an accountant, he or she may need to become certified or licensed. In addition to qualifying for positions, certification and licensure can help business individuals advance in their careers.
Aspiring financial analysts might also need to attain certification or licensure before they are qualified to offer businesses and individuals professional guidance on making well-informed business decisions. A master’s degree can most certainly help advance a career.
An industrial production manager is another career option for graduates of a Master’s in Business program. Job duties include:
- Attending to production problems.
- Studying production data.
- Making sure production remains on schedule and within the company budget.
- Ensuring plant employees meet safety and performance regulations and requirements.
While it’s possible to qualify for positions as an industrial production manager with a bachelor’s degree, large companies that require managers to have more oversight often look for applicants who have a Master’s in Business Administration.
Those who prefer to take the career road less travelled with their business graduate degree, may like the idea of less common careers such as those in:
- Media (public relations and finance)
- Advertising (creating marketing strategies and working alongside industry specialists)
- Human resources (employee recruitment and training)
Master’s in Business degree programs are scattered across the globe. Decide on your focus and start exploring your options today.