Those who wish to pursue challenging careers in the business world may consider earning a Master of Business Administration, or MBA. Read on to learn more about three universities in Alaska where students can pursue this degree and the common courses they may encounter.
MBA Programs in Alaska
Alaska Pacific University
Students can pursue MBA degrees at Alaska Pacific University in Anchorage. Concentrations are available in finance or health care administration. In addition, the program offers the ability to focus on e-business development. Students can take courses specific to business management in Alaska, such as a course on the roles and responsibilities of Alaska Native Corporations. Several scholarship opportunities are offered for students from Alaska who live in specific regions. Applicants should expect to provide an essay; sit for an in-person or online interview; and provide a resume, letters of recommendations, and undergraduate transcripts.
University of Alaska - Anchorage
The University of Alaska at Anchorage offers an MBA program in general management. Courses are typically held in the evening or on Saturdays to allow students to maintain employment. The Tom Case Leadership Fellows program provides mentoring and networking opportunities to admitted students. Students can complete an additional project to receive a certification in data mining. A joint program is offered with Nankai University in China for those who wish to pursue international opportunities. Applicants need a minimum undergraduate GPA of 3.25 or a GMAT score of over 525. In addition, a statement of purpose and resume should be submitted.
University of Alaska - Fairbanks
The University of Alaska at Fairbanks also offers an MBA program. The program is offered online, which may be appealing to students who live in remote Alaskan environments. Students may choose concentrations in general management or STEM (science, technology, engineering, and mathematics). In the STEM concentration, students take three classes in their area of interest and may have to take these courses on-campus. Applicants with higher than a 3.25 undergraduate GPA do not need to submit any standardized test scores. Those with GPAs from 2.75-3.25 must provide the results of the Watson Glaser Critical Thinking Exam, and those under a 2.75 should submit scores from the GMAT or GRE. Other admission requirements include a resume, three recommendations, and a goal statement.
An MBA program typically takes two years of full-time study to complete, though schools may also offer it in a longer, part-time format. Students typically take a set of core courses and then either choose a specialization or complete general management electives. A capstone course may help to integrate what they learn over the course of an MBA program. Read on to learn more about some courses that may be encountered by MBA students.
A managerial economics course may provide students with a foundation in microeconomic concepts that can be used to make decisions as a business manager. Specific topics may include supply and demand, monopolies, and differential pricing. It is possible that students will engage in a simulation exercise designed to model these concepts.
A business ethics course may explore the legal and ethical components to business management. Students might consider specific ethical issues, such as social justice and environmental concerns. They could also review case studies, to gain experience in identifying and making decisions regarding ethical issues.
This course is likely to provide an overview of topics related to corporate finance. Specific areas of study may include capital budgeting, risk management, and corporate financing strategies. Students could gain experience in reviewing and analyzing financial statements.
A leadership course may aid in the development of student's self-awareness in the process of becoming a successful business leader. Students might examine motivational techniques, human behavior, and the development of organizational trust. In addition, the necessity for ethical leadership could be analyzed.
This course may discuss how to make business decisions based on financial analysis. Specific topics that are considered might be capital asset pricing, corporate valuation, and capital management. The relationship between risk and return could also be discussed.
Several options are available for those who wish to pursue MBA studies in Alaska. Students complete core courses in a range of business topics, and some programs also allow them to choose an area of specialization.