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#Understanding the MBA Degree and Its Different Types

By Karen Schweitzer. Business School Expert

Karen Schweitzer, Business School Guide for About.com, has been serving as an advisor to business school students for more than three years. Read more

What is an MBA Degree?

Why Get an MBA Degree?

The main reason to attend school is to increase your salary potential and advance your career. Because graduates who hold an MBA degree are eligible for jobs that would not be offered to those who hold only a high school diploma, an MBA degree is almost a necessity in today’s business world.

What Can You Do With an MBA Degree?

Many MBA programs offer an education in general management along with a more specialized curriculum. Because this type of education is relevant to all industries and sectors, it will be valuable regardless of the career that is chosen after graduation.

Types of MBA Degrees

When it comes to the MBA degree, there are many different disciplines that can be pursued and combined. The options shown below are some of the most common MBA concentrations/degrees:

• Accounting

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• Business Management
• E-Business/E-Commerce
• Economics
• Entrepreneurship
• Finance
• Global Management
• Human Resources Management
• Information Systems
• Marketing
• Operations Management
• Strategic/Risk Management
• Technology Management

Where Can You Get an MBA Degree ?

Much like a law school or medical school education, the academic content of a business school education does not vary much between programs. However, experts will tell you that the value of your MBA degree is often directly related to the prestige of the school which grants it.

Every year MBA schools receive rankings from various organizations and publications. These ranking are determined by a variety of factors and can be very useful when choosing a business school or MBA Program. Click here to get a list of the Top MBA Schools .

Getting an MBA degree is expensive. In some cases, the cost of an MBA degree is four times as much as the average yearly salary. Tuition costs will vary depending upon the school and the program that you choose. Luckily, financial aid is available to MBA students. Click here to learn more about grants, scholarships, MBA loans. and work-study programs.

Choosing an MBA Program

Nowadays, there are many different types of MBA programs. Before making a decision, you should evaluate each and every one. Click here to learn more about choosing the MBA program that’s right for you.