MBA programs that are focused on business strategy prepare students for the decision-making aspects of business. The coursework teaches students how to use analytics to develop professional strategies in business. Below you'll learn more about what these programs entail.
What Should I Expect From an MBA in Business Strategy Program?
These programs have similar characteristics to general MBA programs, yet they add a focus on decision making and how to generate value in an organization. They usually take around two years for completion, and here are some common courses that are required:
Corporate and business strategy courses are designed to give students insight towards how large organizations make decisions. You'll use analytical techniques from different frameworks to make business evaluations and eventually learn how to properly make decisions. Additionally, you'll explore consequences of going through with alternative decisions. You may examine both small businesses and large corporations in these courses.
Strategy and Technology
These courses look at how the adoption of technology can improve business functions, especially in industries such as computing, e-commerce, and biotechnology. You'll see how technology can be used to learn about consumer insights and marketing, as well as how to build value with modern tools. Strategy and technology courses are great for gathering an understanding of market behavior.
Business strategy MBA programs often include a healthcare strategy course for individuals who will end up being directly or indirectly associated with the healthcare industry. You'll learn about the relationships between different healthcare buyers and sellers, as well as how insurance companies and the government impact the day-to-day business of the healthcare world. Topics can also include pharmaceuticals, healthcare reform, medical facilities, and medical devices.
MBA in business strategy programs often prepare students for the world of large business, which usually includes some international work. You could study strategy formation, corporate structure based on country, international business law, and the role that different cultures will play in the execution of business policies. Some courses might address the unique challenges facing developing countries.
Human Capital Management/People Analytics
In these courses, you'll learn proper human resources management strategies for growing an organization. People analytics courses cover quantitative methods to strategically choose personnel. Topics covered include legal issues in human capital, recruitment, development, and performance management.
How to Get Into an MBA in Business Strategy Program
Schools offering business strategy MBA programs have a rigorous application process. You will need to submit a resume and you must have a bachelor's degree from an accredited university for consideration. Additionally, you must submit either GRE or GMAT scores depending on the institution you are applying to. There aren't any minimum GPA or test score requirements for application to many programs; however, the admission process is highly competitive. One to two letters of recommendation is a common requirement as well. Most schools will require an essay or personal statement along with your application, and some institutions may also require a video essay. If you are selected based on the criteria listed, you will usually be asked to complete an interview as part of the final admissions process.
Business strategy MBA programs prepare students for workplace decision-making with practical courses covering topics such as technology, international business, and people analytics. If you choose to apply, be prepared for a competitive selection process.