MBA is probably the best known of graduate business degrees. The MBA program are intended to introduce students to the various areas of business, for example, accounting, finance, marketing, human resources, etc.
There is no denying that the MBA is a popular degree, but it isn't always the best choice for every career path or individual. There are several advanced degrees that are more in demand and often, more easily accessible than the classic MBA. Design programs, finance degrees, and dual-track MBA's are all in high demand right now.
MASTER OF COMPUTER SCIENCE:
Computers are a necessity of business and every day life, so it's no surprise that people with an advanced degree in computer science can expect to have a great career thats in demand.
Who would you most expect to run a company: an MBA or an engineer? Most people would answer MBA, but according to recent research, founders and CEOs are much more likely to have an advanced engineering degree than an MBA. This is especially true in the IT and social industries, where technical knowledge is key. Engineers often make for great CEOs and founders.
MASTER OF FINANCE:
If you have a love of numbers, a Master of Finance just might be a better choice than an MBA. Master of Finance programs are typically a bit easier to get into, and while most MBA programs require at least three years of work experience, advanced finance students can come in with just internship experience.
MASTER OF SCIENCE IN MANAGEMENT:
The Master of Science in Management focuses more on research in management, rather than the strategy of business administration. Although most employers will recognize an MBA degree more quickly than a Master of Science in Management, the MiM has become more visible and valuable in recent years as the MBA market becomes more saturated.
MASTER OF SCIENCE IN ORGANIZATIONAL LEADERSHIP:
The Master of Science in Organizational Leadership is an MBA alternative thats offered worldwide. Typically, its best suited for students who are more interested in leadership studies than business topics like finance and marketing. With this degree, students focus on people and organization issues, with courses in psychology and philosophy in addition to business and management.
CHARTERED FINANCIAL ANALYST:
Another great finance degree: the Chartered Financial Analyst program. Like the Master of Finance, the CFA is an intense financial study, and the program is significantly cheaper than an MBA
Although some degrees may be a better choice than an MBA, many art students are learning that a dual MBA and MFA is wise. After all, if you want to make a living from your art, you will have to know how to sell it. Students seeking a career in fields like the film and TV industry can pick up knowledge about finance and marketing while learning about film. Although these programs can take longer and cost more, many graduates believe they are worth it.
MASTER OF SCIENCE IN PROJECT MANAGEMENT:
Business analysts and project managers are more in demand now than ever before as companies work hard to understand their future and optimize existing projects and performance. Thats why many schools now offer a Master of Science in Project Management, creating degree professionals with the skills to make projects work.
Many new graduates wrestle with the decision to go to law school or get an MBA, and its not at all surprising. They both offer respected credentials as well as the potential for a prestigious and well-paid career. And job growth is about even for both management and law. Which one is better for you? Students who have skills in math and are interested in business would do well to pursue an MBA, but law school is a great choice for students who have good communication skills and a liberal arts foundation. And although MBAs have the potential for a higher top-end salary, there is also more risk of unemployment, as well as a lower average salary than law school grads.
Replied on - 22 Oct 2019
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