What is a Masters in Business Administration?

Masters in Business AdministrationStudents who successfully acquire a Masters in Business Administration Degree ensure employers of schools, businesses, corporations, government agencies, and technology centers that they are skilled and qualified to contribute to the success, quality, and growth of those organizations.

Most schools that offer a Masters in Business Administration Degree program require that their applicants possess at least a bachelor’s degree, a minimum GPA of 3.0, a passing score on the Graduate Record Exam, letters of recommendation, and a personal essay. Despite this degree program’s reputation for possessing stringent prerequisites for acceptance, it provides its students with invaluable skills and hands-on experiences in areas such as advanced statistical methods, ethical decision making in business, leadership strategies, and financial management in business administration. These skills and experiences are what contribute to Masters in Business Administration professionals’ success as business experts and leaders in towns, villages, and cities across the country.

How to Find the Top Masters in Business Administration Degree Programs

Many individuals assume that they will only acquire the best occupations as professionals through advanced degrees from expensive, Ivy League schools that have been around for centuries. This is simply not the case. For potential students who desire to obtain a quality, career-enhancing Master’s in Business Administration Degree, there are several quality institutions that offer distinguished, accredited, reputable, and affordable programs for this degree. Two examples are Brandman University and Regis University.

Brandman University is accredited by the Western Association of Schools and Colleges. According to U.S. News and World Report, this university possesses one of the best online Masters in Business Administration Degree programs. Brandman University’s online Masters in Business Administration Degree program consists of several specializations, which include: Accounting, E-Business Strategic Management, Enterprise Resource Management, Entrepreneurship, Finance, Health Administration, Human Resources, Information Security Management, International Business, Marketing, and Organizational Leadership. This degree program possesses the distinction of being very affordable at $600 per credit hour. Military students enjoy an even better tuition rate of between $350 and $440 per credit hour.

Regis University is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, and it is ranked as the second-best school for its Masters in Business Administration Degree programs according to MBA Online. Potential students can choose to pursue an online or an on-campus Masters in Business Administration Degree program. The following concentration areas are offered for either the online or the on-campus degree program: General, Finance and Accounting, Health Industry Leadership, Health Systems Management, Management, Marketing, Operations Management, Project Management, and Strategic Management. The tuition cost for the online Masters in Business Administration Degree program is $810 per credit hour, and the tuition cost for the on-campus Masters in Business Administration Degree program is $780 per credit hour.

Careers and Salaries for Individuals with Masters in Business Administration Degrees

Masters in Business Administration careers possess a great reputation for providing one of the highest starting salary ranges of $76,000 to $90,000 per year. This Masters in Business Administration salary range not only reflects the variety of job options that are available in this expanding field, it also reflects the varying costs of living for the different towns and cities in which business administration jobs are held.

Some of the most common, highest paying career opportunities that are presented to Masters in Business Administration professionals comprise the following: business analysts and advertisers, who make between $54,930 and $99,100 per year; corporate systems executives, and they earn between $80,000 and $270,000 per year; annuities directors, who make between $72,000 and $113,000 annually; associate deans of business administration, and they possess annual earnings of $128,843; and entrepreneurs, who enjoy salaries that range from $40,000 to $120,000 per year.

Additional Resource: Top 20 Affordable Online MBA Programs 2014