Master of Business Administration (MBA): Fast Track Degree Overview
A fast-track Master of Business Administration program might offer on-site classes on a weekly or monthly schedule. It is designed for working professionals with undergraduate education who are seeking advanced education in order to enhance their careers.
A fast-track Master of Business Administration (MBA) degree program could also refer to a dual-degree program that allows a student to earn an undergraduate and graduate business degree in a shorter amount of time than usual. When offered as a dual-degree option, a fast-track Bachelor of Business Administration (BBA)-MBA program often requires only one year of study beyond the bachelor's degree level. These programs commonly include concentration options through elective courses and could offer internship opportunities. Courses may be offered in the evenings and are usually combined with distance learning components.
- Program Levels: Master's degree or dual master's degree, PhD
- Prerequisites: High school diploma or equivalent, bachelor's degree, relevant work experience
- Program Length: 21-24 months
- Other Requirements: Internship
Master of Business Administration Degree: Fast Track
An applicant to a fast-track MBA program for working professionals must typically have sufficient relevant work experience as well as a bachelor's degree from an accredited university. For an individual applying to a combined BBA-MBA fast-track program, a high school diploma or the GED equivalent is typically required to enroll at the undergraduate level. Fast-track MBA courses are generally identical to traditional Master of Business Administration courses. Courses focus on management, finance, economics and business strategy. Specific classes might include:
- Business law
- Human resource management
- Management and organization
Popular Career Options
An MBA program prepares graduates to take on leadership and management roles in a number of industries and professional settings. Some career options for business professionals could exist in various fields, including:
- Financial management
- Production management
Reports on employment growth from the U.S. Bureau of Labor Statistics (BLS) show that during the 2014-2024 decade, accountants and auditors are projected to see an 11% increase in jobs, financial managers a 7% increase, and industrial production managers a 4% decline in job opportunities (www.bls.gov). Wage information supplied by the BLS indicates that as of May 2015, the median annual salary for accountants and auditors was $67,190, industrial production managers $93,940 and financial managers $117,990.
Continuing Education Information
A Ph.D. in Business Administration is a terminal degree for this field. These programs often allow students to focus on specific issues within business disciplines, like accounting, operations management or human resource management. Ph.D. students are often expected to engage in graduate teaching assistantships while they work toward completion of their dissertation. Unlike MBA programs, which prepare graduates for management positions in the professional world, doctoral programs typically prepare graduates for work in research and academia.