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The Master of Business Administration is a professional degree that was developed in the U.S. as the economy evolved and businesses began to seek scientific approaches to management. Courses include accounting, managerial economics, operations research, organizational behavior, economic policy, and business statistics/quantitative analysis, financial management, human resource management, marketing management, and operations management, and business ethics, corporate social responsibility, or corporate governance.
Many programs offer a variety of specializations or concentrations in areas like accounting, finance, entrepreneurship, leadership, or a wide range of elective courses that allow the student to customize their program. Most also offer a capstone or internship, to allow students to apply their learning to real-world settings. Some require students to pass a comprehensive exam at the end of the program. Students who are interested in this program have a wealth of options from which to choose. Interested students with significant business experience (usually over five years, with managerial and leadership experience) may consider applying to an Executive MBA program; there are over a dozen online EMBAs in the market today.
According to a recent study, the majority of employers’ plan to increase annual starting salaries at or above the rate of inflation for new MBA hires in 2016. Three in four (75%) employers expect to hire MBA graduates in 2016 and 85 percent of this group plans to hire as many or more of these candidates than they did in 2015. Nearly three in four (73%) employers also report that their companies offer internships to MBA students. Among the companies that offer MBA internships, 92 percent plan to increase or maintain the number of MBA internship openings in 2016.