It can be a daunting process researching business programs, looking for the right school, with the right qualifications you are looking for. But the process is worth it. Earning a Master’s in Business Administration (MBA) can give graduates a leading advantage over their peers, enhancing career opportunities, increasing salary potential and the prospect of a job promotion. An MBA can offer the skills and theory needed to start a new business, manage a large corporation, or fill leadership positions across the spectrum of business.
One of the main considerations in deciding if an MBA is right for you is the price. An MBA from a top business school can cost upwards of $100,000. It is not only a substantial financial expense, but studying for an MBA also requires time out of the workforce for many professionals. There are both full-time and part-time programs, and variables that make them different.
Full-time MBA programs typically appeal to recent grads that want to stay in school for two or three more years and find it difficult to balance a job during this time. The other option would be to enroll in a part-time program.
There are two types of part-time MBA programs
- The first is offered as an executive MBA created for students who have a plethora of professional experience in leadership positions and are usually a bit older, aged 32-42 years old. These programs are more expensive and are often employer sponsored, meaning the students is offered an education at the expense of the company, making them applicable for higher management positions.
- The other part-time MBA is geared toward the individual who plans to juggle working full time with their studies. These individuals typically do not hold leadership positions and tend to be 24-35 years old looking to enhance their career prospective.
Why earning an MBA is such a popular degree?
An MBA program includes coursework that incorporates a broad range of business-related topics including accounting, statistics, economics, communications, management, and entrepreneurship. MBA’s are designed to equip individuals with the knowledge and abilities for higher-level positions by concentrating on the practical side of business management. This interdisciplinary approach is useful for professionals who typically already have a few years of real-life work experience.
The Master in Business Administration is often referred to as one of the most flexible degrees because it can be useful in many fields and can be pursued by individuals from all walks of life, professional experience and educational backgrounds.
MBA graduates earn their degree with enhanced leadership, organizational, and management skills. These proficiencies make them better managers, directors, executives, entrepreneurs and business owners. The MBA offers extra credentials needed to be applicable for lucrative positions in large multinationals. No matter what industry, there is a demand for business leaders.
It is a degree that is non-discriminative. You can study for an MBA no matter what your undergraduate degree was. The only defining factor that should weigh on your decision, is do you see yourself working in a business-related field, in management, as a company founder or CEO? Knowing beforehand that you intend to be active in some form of business whether that be working in the banking industry or founding a startup will be a key determinate if you will see a return on your investment.
GBSB Global Business School invites students to participate in one of the most innovative MBA degree programs in Barcelona, Spain and in Europe. Our approach to business education aims to change the very concept of MBA studies and prepare business leaders with tools they need in today's highly globalized world.
The MBA degree program at GBSB Global Business School in Barcelona has been designed to develop one of the MBA programs in Barcelona which looks at alternative ways of knowing and doing business. At GBSB Global Business School, we recognize that capital, trade flows, and information have become increasingly global; that countries such as Brazil, Russia, India, and China are the markets and production sites of the future; that the integration processes in Europe are irreversible; and that businesses around the world must learn to adapt to a wide variety of local, national, and regional rules, regulations, business cultures, and social norms.
That is why students who study for their MBA degree at GBSB Global Business School learn to develop a greater cultural sensitivity and cultural awareness. At GBSB Global Business School, we teach our students to work comfortably and efficiently with people who have different values and behavior.
The MBA program curriculum ensures that the future business leaders acquire skills and sensitivities which constitute a kind of cultural intelligence – the ability to understand and respond appropriately to the unknown behaviors, words, and gestures of people from different cultures, countries, and backgrounds.
Earning an MBA at Barcelona at GBSB Global Business School is a transformational experience, both personally and professionally. The skills learned during the one-year study program give GBSB graduates the ability to enhance their careers, start their own business in Spain, Europe or anywhere else in the world or achieve a promotion. By developing a global mindset during the MBA program, the possibilities are uncountable in continuing your career trajectory.
Written by Emily Dawn Szajda, GBSB Content Manager