MBA – Master of Business Administration
Business Administration comprises a variety of components ranging from: the objectives and strategies of an organisation, to its finance and marketing, production and operations, and the functions of its staff. MBA Courses encourage commercial awareness and hones our understanding of economic influences across the world. This is a crucial asset at a time when international economic shifts and the exponential growth of online retailing, amongst other factors, are having a formative impact on business objectives and output. This knowledge can be useful for anyone involved with a small, medium or large corporation in both the public and the private sectors.
What does MBA mean?
A Master of Business Administration was introduced in 1908 by Harvard University Graduate School of Administration, now known as Harvard Business School, and is the graduate business degree offered by business schools across the globe. As the title suggests, an MBA is suited to those looking to pursue a career in the business sector, hoping to grow their knowledge of the business world, develop professional networks and subsequently boost their salary and career capital. Those who have studied an MBA are known to have advanced careers, standing out as distinguished business characters who have trained expertise in the field. The MBA degree is a popular choice for those seeking management and finance knowledge, looking to either establish a business of their own, join an existing business or create an increase in their current profit trajectories. An MBA degree enables candidates to learn about current marketing and accounting practises, enabling leadership skills to flourish and an increased confidence in one’s ability to outsource professionals that match a certain standard they have learnt about. Suitable candidates for an MBA degree include those who have high aspirations and a strong ambition to succeed in the business sector; this drive can assist MBA students with attaining better sales, promotion to seniority within established companies, interaction with international business and the management of a large number of employees.
What are study programmes are available on an MBA degree course?
An advantage of studying an MBA is that there is a selection of various programme options available. These options mean that those students who are looking to start their business careers can commit their time wholly to a full-time programme, whilst those who are established members of seniority within a business can commit to a staggered schedule-programme.
Full-time MBA programme:
A full-time MBA degree course is designed to work best for candidates who are looking to commit themselves full-time to be a student, with a course duration of between one and two years, dependent on the particular course and University.
Part-time MBA programme:
A part-time MBA degree course is tailored towards working professionals and as its title suggests, runs on a part-time basis, meaning sessions are likely to be shorter or less regularly ran, with modules running over longer periods of time. A part-time MBA will run on average over two plus years, with sessions running over evenings, weekends and often containing blended learning.
Executive MBA programme:
Executive MBA degree courses are tailored to working executive-level professionals, who have had on average ten years of work experience. Looking to develop their skills and knowledge and advance their careers further, the exec-level MBA enables senior leaders to upskill and network as a collective and is ran across one to two years, with a mixture of blended learning, on and off-site learning and part-time learning.
Online MBA programme:
Online MBA programmes are designed for working professionals are are usually ran across two plus years. Due to the virtual nature of the degree, this programme can be better suited to those who live further afield from the university they will to study with and/or for those who are also running a business.
The curriculum on an MBA course is centred around the foundations of finance, management and marketing. Core modules within an MBA centre around:
+ Business Communication
+ Business Ethics
+ Business Strategy
+ Data Analytics
Post MBA Job Prospects:
Due to the respectability of an MBA, employers around the globe are particularly likely to be invested in a candidate with MBA on their CV. It is because of this that an MBA can open the doors to a whole host of job routes within the finance, business and marketing sector. Some of these jobs include:
+ Investment Banker
+ Logistics Manager
+ Health Centre Manager
+ Marketing Manager
+ Business Operations Manager
+ Sales Manager
+ Financial Analyst
+ Human Resources Manager
+ Purchasing Manager
+ Budget Analyst
+ Project Manager
+ Policy Analyst
+ HR Manager
+ Management Consultant
+ Operations Research Manager
+ Business Intelligence Analyst
+ IT Manager
+ Financial Manager
+ Product Manager
+ Chief Executive Officer
+ Chief Financial Officer
Business Administration Tutoring
If you are studying for an MBA, or for allied professional business qualifications, our tutors can help you understand and apply the methods and principles of business activity, including how business are managed, financed and regulated. We also offer private tuition and additional support for specific modules at top business schools such as London Business School, Judge Business School Cambridge University, Tanaka Business School Imperial College, Said Business School Oxford University and Bayes Business School City University. Many of our tutors have direct experience of the corporate Business sector and all are fully qualified.
General Management is a common MBA specialisation, enabling candidates to keep their options open and develop knowledge that can be applied to small and large companies alike.
Finance is an MBA specialisation that opens doors to a multitude of roles that are centred around management, analyzation and accounting of funds. Pursuing a finance specialisation can lead to roles as significant as Chief Financial Officer (CFO) of a company.
Marketing enables candidates to gain insight into building business revenue and customer attraction, from working on developing new products to understanding what customers value.
Strategy enables candidates to prepare for more than a career trajectory, opening doors to Senior Product Manager and Project Manager positions which are equally in high demand and promoting problem-solving skills.
Operational Management as an MBA is also known as “Operations” and is concentrated on the operations of a business, a role involving working across a wide range of departments and higher ups across a business.
Entrepreneurship is tailored for those invested in starting a business or advising clients that wish to start their own companies. An MBA in Entrepreneurship prepares those that want to embark on the challenge, with graduates often excelling in managerial and leadership roles, across a wide range of company types.
Management Consulting MBA can lead to a lucrative career, and for this reason is a popular choice amongst candidates. Consultancy can be done as part of a firm, or as an individual, enabling candidates to consider starting their own firms.
Information Systems/ Technology MBA, Human Resources MBA, Supply Chain Management and International Management MBA are all currently trending upwards and can lead to lucrative career pathways.
Top Ranking Universities for MBA study Globally:
#1 Stanford Graduate School of Business, US
Joint #2 Harvard Business School, US
Joint #2 Penn (Wharton), US
#4 HEC Paris, France
#5 MIT (Sloan), US
#6 London Business School, UK
#7 IE Business School, Spain
#8 INSEAD, France
#9 Columbia Business School, US
#10 IESE Business School, Spain
Top Ranking Universities for MBA study in the UK:
#1 University of Oxford
#2 University of Cambridge
#3 London School of Economics and Political Science
#4 University of Warwick
#5 University College London
#6 University of Bristol
#7 University of Bath
#8 Lancaster University
#9 CITY, University of London
#10 Durham University
GMAT Testing and Accepted Scores:
The GMAT is the Graduate Management Aptitude Test, taken by candidates wishing to pursue an MBA programme at a University of their choosing. GMAT test scores are used to determine whether a candidate is appropriate for their selected MBA route and are highly competitive amongst the top-rated MBA University providers. An example of an elite and highly competitive GMAT test score requirement is Stanford Graduate School of Businesses 2023 GMAT average score test of 738; this being that in comparison, the average GMAT score is 565. Total GMAT scores can range from 200 to 800, with most competitive schools looking for scores above 600. For more information regarding the Graduate Management Aptitude Test (GMAT), applications and process support see our GMAT Tutors and Courses page.
If you’d like arrange private lessons or have any questions about our tuition services please call us on Tel: +44 (0) 207 665 6606 or you can send us an email via our contact form.
Find a Business Administration Tutor in London
If you are studying for an MBA, or for allied professional business qualifications, our tutors can help you understand and apply the methods and principles of business activity, management, finance, and regulation. We also offer private tuition and additional support for specific modules at top business schools such as London Business School, Judge Business School Cambridge University, Tanaka Business School Imperial College, Said Business School Oxford University and Cass Business School City University. Many of our tutors have direct experience of the corporate Business sector and all are fully-qualified. If you’d like to arrange private lessons or have any questions about our tuition services, please call us on Tel: +44 (0) 207 665 6606, or you can send us an email via our contact form.
https://www.sbs.ox.ac.uk/programmes/mbas/mba/academic-curriculum – MBA modules descriptions
https://www.onlinemba.com/resources/ – General resources for students
http://community.mbaworld.com/ – Blogs and news
https://onlinembapage.com/ – Careers, scholarships, and advice
https://www.reddit.com/r/MBA/ – Online community sharing advice
https://www.betagammasigma.org/home – Global business news
https://uniacco.com/blog/the-ultimate-guide-to-mba-in-the-uk – A guide to UK MBA programmes
https://www.topmba.com/mba-rankings/2021 – Compare MBA programme rankings
https://www.businessinsider.com/international?r=US&IR=T – Includes blogs by MBA students
https://www.ft.com/ – The Financial Times for the latest news in business