My roommate recently got a master of business Administration. He is trying to get me to do the same.
Not a bad idea. At the very least the program covers such things as accounting, business law, finance and management strategy. Very useful subjects to know about.
Yeah but im not sure how an MBA would help me as a chemist get a better position in a company.
Well, the MBA degree began in the early 20th century when the US industrialized and companies were looking for a more scientific approach to management, so it would help you to know these things and manage your department more efficiently.
That is pretty interesting. I heard it is pretty expensive to get one though and takes a lot of hard work. I wonder if the payout is worth it?
It should be. Typically, MBAs require you to complete about 60 credits, so it has far more range that a regular degree. Many employers like more advanced degrees as it shows intelligence and understanding.
That's 2 whole years worth of work. I wonder what the percentage of people that get jobs with an MBA is. I would hate to spend all that time for nothing. I know employers tend to like that kind of thing though.
and concentrations for further study in a particular area, for example accounting, finance, and marketing. MBA programs in the United States typically require completing about sixty credits, nearly twice the number of credits typically required for degrees that cover some of the same material such as the Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing and Master of Science in Management.
The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA programs ensure consistency and quality of education
Master of Business Administration
The Master of Business Administration (MBA or M.B.A.) degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, applied statistics, business communication, business ethics, business law, finance, managerial economics, management, entrepreneurship, marketing, supply chain, and operations in a manner most relevant to management analysis and strategy.
Most programs also include elective courses