What is a Master of Business Administration (MBA) degree?
The MBA is a graduate management degree, or as more commonly known, a "professional degree". Most full-time MBA programs can be completed in two years, while part-time MBA programs can range from 2 1/2 to 4 years. Accredited MBA programs are members of the AACSB, the American Assembly of Collegiate Schools of Business. You might be interested in knowing that certain non-accredited schools/programs can have reputable regional standings thatr can possibly meet your professional needs too. Speak with school and corporate/business representatives to assess how accreditation can determine your selection of MBA prgorams. In addition to the MBA degree, there are other management degrees which include: Master of Science in Business Administration (MSBA), Master of Public Administration (MPA), Master of Science in Administration (MSA), Master of Public and Private Management (MPPM), and Master of Management (MM).
Do I need to have work experience to get into a good/top business school?
MBA programs can vary requiring, or recommending, a certain amount of work experience, e.g., one year part-time, six months full-time, any work level, professional level, entry-level, corporate setting, non-profit location, "grass-roots" volunteering, etc. Each program determines how work experience gives students a foundation as they undertake business courses. When experienced students share their work experience, this adds depth to the educational experience of the class. In addition, work experience provides a means of demonstrating your personal performance and commitment. As you can see, your work history is an important consideration in determining your admission into an MBA program. Schools can vary as to the weight given to work experience, and admission officers recognize that the skills developed through employment can also be obtained in other ways. Extracurricular and community activities can provide valuable experiences, present opportunities in developing professional skills, and affirming your commitment for an MBA degree. When applicants do not have either work/military experience or community/extracurricular activities, some schools will offer deferred admission, where the applicant is guaranteed acceptance into the MBA program after gaining a specified amount of work or military experience.
Do I need to take the GRE for an MBA program?
NO! The GRE is for graduate degree programs, e.g., Ph.D., MA, MS, MFA, etc. You will need to take the GMAT, Graduate Management Admissions Test, for almost all MBA degree programs. There are some programs that might take the GRE due to unique circumstances. Either way, be sure to check the admissions requirements for each school on your list.
Can I use the GMAT for admission into a business Ph.D. program?
A PhD, i.e. a doctorate of philosophy, is a research-oriented academic degree. Therefore the GRE in most cases will be the required test for admissions into the program. There are some programs were under special circumstances the GMAT may be substituted for the GRE. If in doubt, be sure to check the admissions requirements for each school on your list.
Where can I get information about MBA degree program?
- Contact the program directly and request an application
- Come to Career Services to view catalogs and bulletins
- Visit the business school admissions office
- Check out the Graduate Management Admissions Council website
I'm a non-business/non-economic major. Where can I get listings on part-time work or internships, so I can get work experience?
Career Services has information about volunteering and interning with various Wesleyan departments, public service agencies, and organizations. Check the online calendar for workshops on finding established internships or starting your own. You can also access internship listings in several ways. View listings online (you can search your interests by keyword).
Do I need a bachelor's degree in business for admission into an MBA program?
Not necessarily. Most people pursuing an MBA have a bachelor's degree in any of a number of non-business areas, like the humanities, social sciences, engineering, and sciences. Most graduate management programs want their MBA classes to be as diverse as possible. When students come from different academic disciplines, all may contribute and all benefit. For this reason, applicants with a wide range of undergraduate majors are admitted. In some programs, fewer than 25 percent of the MBA students have undergraduate degrees in business.
I'm interested in non-profit organizations. Is there an MBA program that can help me?
At a growing number of MBA programs, special programs and courses are being developed for those interested in improving the management of government and non-profit organizations. So if you are interested in, for example, developing a multi-site homeless shelter program, assessing the competitive position of a training program for displaced homeworkers, administering a loan fund to support an urban housing development, or creating a market for municipal recycables to support social service programs, then an MBA might be the degree for you in the future.
Is GPA a factor in finding employment?
A growing number of employers are interested in knowing the academic standing and strengths of their applicants. While reviewing your resume, a potential employer will also glance at your transcripts to assess how well you performed academically while you worked part-time of full-time. Some employersmay be open to hearing your response to their questions regarding your grades. Others may have established minimal academic standards dut to the nature of duties for the position, the level of sophistication of assignments, or complexity of equipment.
Are there MBA degree programs available on a part-time basis, while I'm working full-time?
Part-time programs can offer distinct advantages for people not able to pursue the MBA on a full-time basis. Part-time MBA students are able to broaden their career options without interrupting their earning capabilities. The costs of tuition, books, and materials may be stretched over a longer period of time in a part-time program. Many part-time students receive partial or full academic funding from their employer's tuition reimbursement program. Such a program can range from 2 1/2 to 4 years to complete.