Whether you are just starting a career in business or seeking to get a jump start for your existing career, the answer may be getting a Master of Business Administration degree. In continental Europe, there are 89 MBA programs taught in English with an average annual tuition of 21,408 EUR (convert to USD) and an average duration of 1.45 years, which is far less than US business schools charge. Additionally, there are 8 MBA programs under 5,000 EUR per year (about $5,500) and a total of 31 under 10,000 EUR (about $11,000), plus there are 2 that are tuition free.
How Much Does an MBA Cost in the US?
Average cost of getting an MBA in the US is $60,000. The average duration is 2 years. If you choose to go to one of the top business schools in the US such as University of Chicago, you’ll pay in excess of $100,ooo per year in tuition, fees, and living expenses.
What Is a Master Of Business Administration?
A master of business administration (MBA) is a graduate degree earned at a university that provides theoretical and practical training to help graduates achieve a greater understanding of general business management functions. The MBA degree may have a general focus or a specific focus in fields such as accounting, entrepreneurship, finance, or marketing.
Understanding Master Of Business Administration (MBA)
A master of business administration (MBA) is a level up from an undergraduate business degree. An MBA generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the graduate program based on its selection criteria.
MBA programs typically include core classes in accounting, management, finance, marketing, and business law. Management training is at the heart of any MBA curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human sides of running a large or small business. Increasingly, MBA programs are broadening their focus to include training in international business and to focus on the responsibilities and corporate accountability of businesses within their communities.