Graduate students enrolled in agriculture MBA or related agribusiness and agricultural economics master's degree programs explore innovative strategies for farm operations management and marketing, as well as the production and distribution processes for foods and fibers. Prior to graduation from these 2-year programs, students must submit a research project or thesis.
In general, admission to these programs is competitive, and most have both academic and professional requirements. Students usually need a bachelor's degree, two years of work experience, and high GMAT scores. Prerequisite courses in the plant and animal sciences, farm management, soil studies, and economics may also be required prior to beginning graduate work.
Master of Business Administration in Agribusiness
In MBA programs in agribusiness, students take core courses in business and finance and can select elective courses related to the agricultural industry. Possible elective options include:
- Agricultural markets
- Agricultural pricing
- Agricultural law
- Futures trading
- Agricultural economics
- Farm management
Popular Career Options
Graduates can pursue employment in the public or private sector. Example job titles include:
- Agricultural manager
- Marketing analyst
- Accounting manager
- Bioterrorism consultant
- Alternative energy consultant
Employment Outlook and Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), farmers, ranchers and other agricultural managers could expect a job decline of 2% from 2014-2024. As of May 2015, the median annual salary of these agricultural managers was $64,170. Market research analysts could expect a 19% job growth from 2014-2024, and as of May 2015, they earned a median salary of $62,150. Bookkeeping, accounting and auditing clerks could expect job decline of 8% from 2014-2024, and the BLS reported a median annual salary of $37,250 for these professionals in May 2015.
Continuing Education Information
Graduates of MBA programs in agribusiness who are seeking to continue their education may pursue a Ph.D. in Agribusiness with a specialization in management strategy, managerial economics or another area of interest. Most programs heavily emphasize research, and graduates often pursue careers in academia or government.
In summary, an MBA in Agribusiness provides the general business expertise and specialized agricultural knowledge that students need for management and consulting careers in the industry or for advanced studies.