¿qué es un MBA y cual es el big deal?

An MBA is a Master in Business Administration. Most programs aim to provide a general business education, and some have specialties or focus you can select from (e.g. Strategy, Marketing, Entrepreneurship). There are 2-years full-time programs (some schools now offer 1 yr), and there are part time evening/weekend/executive programs which can take up to 4 yrs.

Here are 3 things why we think an MBA is differentiated from other masters and it's pretty awesome:

 
 
 
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ACCELERATE (or change) your career

Most MBA programs require at least 2 yrs of work experience (avg. in top 10 is 5 yrs). This allows you to 1) contribute in the classroom, and 2) have a better idea of your long-term professional goals. With an MBA you can either accelerate your career within the same company, function or industry, or completely change tracks.

In the last several years, GMAC has seen an increase in MBA candidates who plan to enhance their current career path (42% ) and a decrease in the share who plan to switch to a new job function (34%) or industry (26%). 

Check out these articles: GMAC 2018 Alumni perspectives survey, US News MBA career change , GMAC 2018 Prospective Students Survey

 
 
 
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network

One of the critical components and key differentiation of the MBA is the networking aspect. Your classmates will be from diverse backgrounds, industries, countries. You will not only get great new friends, but potentially also meet future business partners and leaders.

Most MBA programs have a heavy social component which consists of volunteering activities, mixers, parties, international travel and other fun stuff. This is a great way to get to know your class and form strong relationships. 

Financial Times 2017 MBA ranking survey respondents listed networking as one of the top three reasons for getting a degree.

 
 
 
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increase your earning potential

An MBA can give you access to roles reserved for MBA grads. Also -average post-MBA salary is $142k. That being said, the tuition cost is pretty steep and rising, which makes our section on Resources/Scholarships ever more important.