How should I study MBA
You already have a bachelor's degree and good specialist knowledge in your pocket, but do you still feel called to something higher? Then get yourself fit for management tasks with an MBA degree. We provide you with all the information about the requirements, course content and your career opportunities.
MBA degree - what is it?
The Master of Business Administration, or MBA for short, is a so-called postgraduate degree that provides you with know-how for all important management tasks such as accounting, marketing or personnel management. MBA is not only the name of the course itself, but also of the degree that you receive after passing all exams. You can complete the MBA at universities, distance learning institutes and business schools. It is aimed at experienced professionals and university graduates who are striving for professional advancement to a management position and who have usually previously acquired a bachelor's degree in another subject.
Provider of MBA studies
What course content can I expect?
The MBA course covers all essential management areas. So you deal intensively with accounting, marketing and finance. In addition, you will familiarize yourself with methodical skills and train your leadership behavior, entrepreneurial thinking and your ability to communicate clearly. The contents of your MBA program also result from your respective specializations and are therefore not uniform. However, the following basic contents are often part of the MBA courses:
- Human resource management
- Human Resources Management
- Project management
How does the MBA course work?
The MBA course takes about 2 to 4 semesters, depending on the chosen study model. The first two semesters serve to teach you important basics in business administration and economics. As your MBA progresses, you will also have soft skills and knowledge of leadership. In elective courses, you set priorities, for example in the areas of marketing, personnel or financial management.
The MBA course is also particularly application-oriented. In integrated practical phases you can already put your newly acquired knowledge into practice. You can also look forward to excursions to renowned companies. In order to meet international requirements, a semester abroad rounds off your MBA degree. In the last semester you will complete a scientific paper, the master’s thesis, and present your results in a colloquium, depending on the study regulations.
When you have completed all the exams of your MBA degree, you can devote yourself to your scientific master's thesis. You will then usually present the content and results of your work in a colloquium. If you have passed these final exams, the provider of your MBA course will award you a certificate with the state and internationally recognized title of Master of Business Administration. However, not all business schools award recognized titles. So you should inform yourself in advance about the reputation of the respective provider.
What requirements do I have to meet for an MBA course?
The requirements for taking up an MBA degree are high. Since certain basic knowledge is required for this postgraduate course, a completed university degree is mandatory for you in most cases. You should currently work in management and have at least 1 year of professional experience. In addition, you have to prove a good command of English - mostly through certificates such as TOEIC and TOEFL.
In some cases, a basic economic understanding is one of the additional admission criteria. You will prove this knowledge through GMAT or, alternatively, through an aptitude test in the form of a personal interview. Passing the GMAT test is a general prerequisite for studying an MBA at a business school. In individual cases, you can take up an MBA course without a first undergraduate degree. To do this, you should carefully examine the access requirements of the respective providers.
"An MBA can still be worthwhile at an advanced age, but beginners between the ages of 29 and 35 can expect the greatest career boost. After all, they move up by at least one functional level on average."
Can I do a dual MBA course?
What is special about a dual course of study is that theoretical phases at a university alternate and complement each other with practical phases in a company. With this study model, you acquire two degrees, a university degree and an apprenticeship degree. This gives you a decisive advantage over your competitors when looking for a job.
Can I do a distance learning MBA?
Do you work and therefore don't have time to study full-time at a university or business school? Then an MBA distance learning is the right way for you. Here you can set your own pace of learning and acquire your degree alongside your job. In distance learning, you work on study books from the comfort of your own home. Simply send the completed assignments back to your lecturer for correction.
Can I get an MBA abroad?
Since the MBA course originally comes from the USA, the course is very popular internationally. The world's leading provider is Harvard Business School. But you can also start your MBA at the renowned London Business School. In addition to a complete study trip abroad, there is also the option of completing a semester abroad.
What career prospects do I have after completing my MBA?
Your career prospects vary depending on the industry in which you work. With the MBA degree, you have the best opportunities in the field of consulting and investment banks. Because these industries have a strong international focus and the MBA degree is known and respected. Meanwhile, many universities in Germany and in numerous other countries also offer good MBA programs. Your specific career prospects therefore depend to a certain extent on the reputation of the respective university.
What does the job profile look like after the MBA degree?
As an MBA graduate, you ensure effective and timely processes in mostly internationally oriented companies. You often take on management tasks in which you make decisions about company processes and personnel issues. In addition, you will work on business issues in materials management and logistics, procurement, production or marketing. In sales, for example, you plan and organize sales on markets at home and abroad. In the procurement area, you ensure that raw materials are purchased inexpensively and on time. Typical places of work after completing the MBA include:
- Management consultancies
- Investment banking
What salary do I earn with an MBA degree?
Your salary as an MBA is highly industry-specific and depends on your previous education. Graduates of the MBA course can expect an increase in their salary by an average of 10% to more than 20%. However, you should be aware that your MBA salary depends largely on the reputation of your school and the industry. The starting salary with an MBA degree is between around € 2,800 and € 4,300, depending on the industry and region.
|Branch||Average salary *|
|Automotive industry||5.700 €|
|IT sector||5.200 €|
|*) Salary in gross / monthly|
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