What is an MBA? Master of Business Administration is an international training program for highly skilled professional managers. This training system is a supplementary education of a high level, which gives the right to occupy managerial positions in organizations and enterprises. The question of what an MBA is, are interested in specialists who expect to take the post of leader of a high or middle level. In addition, this program is suitable for those who seek career growth. It is also designed for top-level managers who strive for self-development and successful business. Since, having received an MBA degree, the student gains practical experience and knowledge, this means that the specialist will be able to carry out managerial work and hold positions from the field of middle and senior management.
What is an MBA is known all over the world. This program is very popular abroad, therefore diplomas with the qualification of “Master of Business Administration” are recognized by the business community of all countries.
In addition to the theoretical aspects of management, various practical exercises are used: trainings, role-playing games, seminars, examples and situations of various companies, computer simulations. Trainings, for example, contribute to the development of creative potential and help to comprehensively approach the solution of a problem. The creative atmosphere of learning is accepted due to the use of new psychological techniques and the desire of students to self-development. The MBA system offers general solutions to management problems. The use of theory and practice, as well as teamwork helps to find common ground between the students of the program. Here it is also possible to listen to the business experience of colleagues. Characterizes MBA and individual training. In addition to basic subjects, the listener chooses those that are important and interesting to him.
You can study on the MBA system if you already have a higher education. To do this, you need to go through an interview and pass a special test that will determine your English language skills. And for studying abroad, the selection is very tough, you still need to undergo psychological testing to assess the ability to perceive education at this level.
The cost of passing the MBA program in Russia is approximately 11-13 thousand dollars. In the West, this amount varies from 20 to 100 thousand dollars, depending on the program and university.
There are such types of training in the MBA system:
- Full-time is a very similar form of study, as in full-time university. You need to study every day and do extra. It will take 1-2 years.
- Part-Time - training in evening or modular format. It makes it possible to study and work at the same time (it will take 2 to 3 years).
- Distance Learning - equivalent to the form of study at the correspondence department of the university. It lasts exactly 2 years.
- The Executive Program is a unique program that is specifically aimed at improving the skills of managers.
Obtaining an MBA degree helps to increase salaries, increase business profitability, and acquire new economic knowledge.
For the first time in Russia, what is an MBA was learned when the Ministry of Education conducted an experiment to train top managers using such a system from 1994 to 2004. Since 2004, Russian universities have the opportunity to license MBA programs.
Today, many Russian businessmen and company directors want to know what MBA is. It is believed that if in the summary in the column "education" indicate the diploma of the master of business administration, then this is a big bonus when hiring. But statistics show that the employer first looks at the “work experience” column. Often there are such job applicants who have completed an MBA, but have only superficial knowledge of the business. A high-level specialist who does not have a collection of diplomas may have the necessary knowledge and skills.
The directors of large companies consider the passage of these programs a tribute to fashion. This is partly true. Many people want to get a degree for the sake of a “cool” line in a resume. One way or another, any additional education indicates that a person is constantly striving for self-development.