Postgraduate studies: Master of Business Administration (MBA)

A particularly well-known postgraduate course is the Master of Business Administration (MBA). In principle, there is nothing more hidden behind it than the classic Anglo-Saxon master's degree in business administration: Because economics qualifications and management skills have become indispensable in all areas of working life. No other postgraduate course enjoys such a high reputation:

MBA term

A global survey of 6.223 MBA students from 107 countries by the Graduate Management Admission Council found that 77% of them expect the MBA to improve their career prospects. In times of globalization, the good reputation is just as great an advantage as the language and intercultural skills that are imparted here Expertise.

It qualifies for demanding activities and, thanks to its general orientation, increases flexibility between individual companies, fields of activity and Industries switch. Finally, an international network of contacts is also an advantage, the benefit of which is greater the more renowned and successful the graduates are. However, the MBA is no longer a guarantee for a top position with a corresponding one salary. The reasons for this are mainly to be found in the inflationary growth of partly dubious programs and in the content that does not always meet the quality requirements. Therefore, many distrust Companies meanwhile graduating.

Later salary

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According to a survey by the British accreditation body AMBA, graduates of two-year programs receive the highest salaries, followed by graduates of a one-year full-time degree. Part-time students, on the other hand, have to accept slight reductions in salary. Graduates from distance learning MBA programs brought up the rear. The salary of graduates from leading business schools in Europe is currently between 95.000 and 145.000 US dollars. The financial services sector pays the highest salaries, followed by management consulting, the computer industry and industry. The average annual salary of graduates from top American schools is light above the European level. The Financial Times' annual MBA ranking shows how many students from each school tested had found employment after three months.

If you want to do an MBA, you usually need a completed degree Study no matter what specialty. The range of subjects in an MBA program normally covers all the areas of responsibility required for a management position Significance are. These include micro and macroeconomics, finance, accounting, Marketing, production, logistics and human resources. In addition, management techniques, statistics, mathematics or decision theory are taught, but also integrativeCourses such as project management or Communication are on the curriculum. In addition to these compulsory courses, students can choose between various specialization courses (electives), which often incorporate current developments that deal with specific topics or specific economic regions and industries. Practical relevance and interactivity are very important.

High demands

Especially with the more respected programs, however, the requirements for the Candidate high, a rejection rate of 50% is the rule. Entry requirements are optimal Presentation of Application, very good academic achievements as well as the personal suitability of the prospective customer. In addition, special emphasis is placed on work experience; some executive MBA programs even require many years of management experience. However, there are also MBA programs that are primarily aimed at university graduates (Junior MBA programs).

In exceptional cases, deficits in academic education can be compensated for by a particularly qualified professional experience, or, conversely, excellent studies can compensate for a lack of professional experience, especially if the applicant has already completed an apprenticeship or carried out company-related projects and internships. Important access requirements are also good results at GMAT and the TOEFL test, as MBA programs usually take place in English.

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