A professional degree in business administration and
management studies is by far treated equivalent to medical or engineering
studies. The long held traditional perspective of taking on the classy
profession of doctors or engineers is now transforming. With globalization
influencing the economic, political and social systems at all levels of the
trade, every industry in the business world requires a generalist approach to management
and marketing.
Business studies graduates can create a worthy
career even with a bachelor's degree, which provides them with a broad exposure
to all the crucial elements that make an organization function well. Marketing,
Sales, Finance, and HR are the top few business majors where they can apply
their newly acquired skills. Some of them can also join a family business or
have a start-up of their own.
Majority of students with an undergraduate
BBM or BBA
degree proceed to higher education to further their knowledge in a
particular subject and the skills they have gained from their undergraduate
studies. Some even combine further study with work. They opt for a master’s
qualification through online or distance learning mode while being employed.
The higher education qualifications are always thought
of as master’s and research degrees, particularly MBAs and PhDs. Many specialized
degree courses in management are also offered by universities and business
schools worldwide, such as Master in Marketing, Master in Finance, Master in
Supply Chain Management, Master of Business Taxation (MBT), Master of
Management Studies (MMS), Master of Science in Human Resources & Labor
Relations, and more.
The types of Master's Degrees in Business, which
lead to qualifications that are respected by employers worldwide, are:
Master of
Business Administration (MBA)
It is one of the most popular business graduate
programs and an internationally recognized qualification designed to develop
the leadership, communication, decision-making, and organizational skills for a
successful management career. Whether it is traditional MBA, Accelerated MBA,
Online MBA, or Executive MBA, the curricula are tailored for employment in upper-level
management positions. MBA degree programs cover topics such as business policy
and strategy, operational and strategic management, marketing, market research,
finance and accounting, information technology, human resource management,
entrepreneurship and international trade.
Master in
Management (MIM)
It is a popular one-year master’s degree in
business that is traditionally a practical step for current professionals or
career changers seeking to enter managerial positions in the business world.
MIM degree programs are structured to cover topics in ethical decision making,
business law, global business, workplace security, corporate crime, business
culture, entrepreneurship, human resource management, employee motivation, and
marketing.
Master of
Accountancy (MAcc)
MAcc programs are specialized master’s degrees that
focus on the knowledge and skills needed to create financial reports in the
accounting profession. Typically, the one-year program includes coursework
related to auditing, accounting information systems, corporate governance,
taxation, monetary policy, financial reporting, risk management, securities
law, and financial management.
Master of
Science in Finance
MS in Finance is another specialized master’s
degree in business that has been designed to prepare finance graduates or the
employed financial analysts for meeting the market analysis, financial
modeling, planning, and forecasting needs of diverse clients. MSF programs take
between one to two years of full-time graduate studies and include coursework
devoted to actuarial science, derivatives, investments, banking, portfolio
management, statistical analysis, and business valuation.
Master of
Science in Management
It is the postgraduate study that covers a broad
field of management functions. The program allows students and professionals to
enhance their knowledge on a more scientific level. The courses in statistics
or in general management (such as marketing, strategy, or controlling) help
them analyze business or management issues from a scientific perspective
Postgraduate
Diplomas and Certificates in Business Studies
Last but certainly not least, there are plenty
other professional as well as vocational qualifications in business studies that
allow students to study something new or build on the skills and knowledge
already gained during their
BBA course. Most of these involve
practical training, giving them the opportunity to better prepare themselves
for the job market and experience a job first-hand.
