In a Master of Business Administration (MBA) program with a concentration in strategy, students gain a comprehensive knowledge of the business and organizational concepts at the heart of the business decision-making process. Strategic management courses prepare students to evaluate business needs and implement solutions so that the company can achieve key goals, such as maximizing profit and anticipating competitor response. Most programs require two years to complete, and courses may be offered in the daytime, evening, or on the weekend to accommodate the needs of working students. Prior to enrollment, students must hold a bachelor's degree, usually with a minimum GPA, and submit GMAT scores. Professional experience may also be required.
Master's Degree in Strategy
Courses in an MBA program with a concentration in strategy generally cover topics such as executive leadership, global management strategy, managing diversity in an organization, and team building. Example course titles include:
- Strategic Management
- Global Strategy
- Game Theory
- Industry Analysis
- Market Research
Graduates of strategic management MBA programs are prepared for careers in which they analyze business needs and implement solutions. They may find jobs as consultants, business analysts, product managers or financial strategists.
Employment Outlook and Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), employment growth for management analysts from 2018-2028 is expected to be 14%, which is much faster than the national average for all occupations, and these analysts earned a mean annual wage of $94,390 as of May 2018. Employment growth for financial analysts was also expected to be as fast as average, at 6% from 2018-2028, and the mean annual wage in May 2018 was $100,990.
In conclusion, MBA programs with a concentration in strategy provide students with the problem-solving and decision-making skills they need for analytical careers in the field of business.