Online executive Master of Business Administration (MBA) programs are designed for business professionals who already have 5-7 years of experience, and a bachelor's degree is typically required. These programs take about two years to complete and can be completed entirely online; however, some programs include on-campus residencies. Study abroad opportunities may also be available.
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Executive Master of Business Administration
Online Executive Master of Business Administration programs are geared toward corporate management and economics on a global scale. They are designed to prepare students for leadership positions in fields such as corporate finance, marketing, managerial economics and information technology. Prior to enrolling in an Executive Master of Business Administration program, individuals should already have a background in business administration or a related area. A bachelor's degree, three letters of recommendation and scores received from a recent Graduate Management Admissions Test typically need to be submitted along with an application.
Program Information and Requirements
Executive Master of Business Administration programs may be taken entirely online, although some programs require students to have one or more on-site residencies in order to undergo more intensive study and to interact with classmates. There are also online Executive Master of Business Administration programs with study abroad options.
Executive Master of Business Administration courses are designed to explain the business world in both a national and international capacity. At the graduate level, students have completed general education requirements and may focus solely on the core courses required to earn their master's degrees.
Executive Master of Business Administration programs are geared toward advanced professional roles; at this level, managers, directors and officers are expected to grasp all aspects of business--including cost analysis, budget and payroll. This class emphasizes cost data, standard costs and interpreting costs with regard to job orders.
Lessons examine quantitative methods with both probabilistic and deterministic methods. Although this class is largely based in mathematic theory, realistic applications are also heavily featured, and students are consistently asked to relate principles to practice.
Participants study the effects of marketing on the global environment. Emphasis is placed on understanding the needs and practices of the international buyer.
Students learn about the data systems required to manage a competitive global corporation. While themes are often broadly covered, some programs offer more focused options which tie lessons back to their practical applications in a professional business environment.
This course expounds on trade development among nations. It covers such topics as exchange rates and trade barriers.
There are a number of career paths that may be taken by Executive Master of Business Administration program graduates. Some may become financial analysts and work for either buyers or sellers. Earning a designation by the Chartered Financial Analyst Institute enhances a financial analyst's reputation and global perceptions. While the United States Bureau of Labor Statistics (BLS) expects a faster-than-average job growth for financial analysts, it also warns that competition for available positions is heavy (www.bls.gov).
Another career choice for degree-holders is operations manager, a professional responsible for running a corporation's daily activities. The BLS predicts keen competition in this position since the jobs are typically prestigious and pay well. Those with considerable experience or training in the global economy, as well as knowledge of several languages, are expected to have greater career opportunities.
For students who have already completed a bachelor's degree and held a job for several years, pursuing an online executive master's in business may be a good option, as it will allow them to continue working and hone their business skills.