Studies in an MBA program typically provide students with advanced overviews of various areas of business to help prepare them for possible career advancement. Read on to get more information about the specific MBA programs available in Richmond, VA.
While the schools in Richmond, VA, offer varied options for MBA studies, each of the programs does contain some similar coursework, formats, and admission requirements; for instance, all three schools will require an undergraduate degree, transcripts, and a resume or work experience. Below you will find an outline of a few common courses found in each MBA program.
In an MBA program, accounting courses in the core curriculum provide an overview of fundamentals and delve into managerial accounting. Financial decision-making, financial statement analysis, cost planning, and management of financial information are among the topics covered. Students might also learn about balance sheets, cash-flow statements, budgeting, and accounting information systems.
From product pricing to distribution, a course in marketing management will focus on all aspects of marketing and promotional strategies. Common topics include market research methodologies, brand management, target markets, market segmentation, and product development. Marketing communications might also be addressed.
In this course, students might expect to learn more about the managerial processes and practices that oversee such areas as production, supply chain, and project management. Topics can include business forecasting, facility management, project initiation and implementation, product design concepts, and business analysis. This course could provide details about the management of the entire process of creating and delivering a good or service.
Topics typically addressed in an organizational leadership course include motivation, organizational behavior, organizational structure, and change management. Both individual and group behaviors are addressed. Students might learn how to build and assess teams and team performances.
Supply and demand, production, and decision-making processes influenced by economic analysis are among the main topics explored in this course. Students might learn detailed applications of both microeconomics and macroeconomics. Economic theory and tools might also be discussed.
Richmond, VA, Schools Offering MBA Programs
Virginia Commonwealth University
Students who choose VCU to obtain their MBA degree can choose from an evening or online format. A weekend Executive MBA is also available. Students take managerial courses in accounting, finance, operations, marketing and information systems. Students can also choose from a list of relevant electives to complete their program; courses such as entrepreneurship, real estate, international marketing, and quality management are among those offered. Several dual MBA degrees are also offered, such as the MBA/Master of Accountancy, MBA/Master of Supply Chain Management, or MBA/Master of Sport Leadership. A total of 45 credits must be completed to earn the MBA degree.
University of Richmond
The MBA program at University of Richmond offers weeknight, part-time studies, allowing for students to maintain their professional schedules. The 45 credits in this program consist of courses in finance, accounting, economics, operations, and marketing as well as investments, analytics, business communications, and negotiations. A total of 37 credits are taken in core coursework, with the remaining eight credits taken in electives. Students may choose joint degrees, earning their MBAs alongside Juris Doctor or Master of Laws degrees.
University of Phoenix
The for-profit University of Phoenix has an online MBA that requires 36 credits to complete. Students take courses in corporate finance, accounting, business law, strategic planning, and organizational leadership in addition to those in operations, marketing, and economics. This degree can be earned in 18 months. Specializations are offered in accounting, marketing, human resource management, and project management.
Related Graduate Degrees
Students in Richmond, VA, have a couple of options if they do not wish to pursue an MBA. Other degree programs in business and management are available; however, these programs may not be available at all schools in the area.
Master of Science in Business
The core curriculum of an MS in Business course could offer the same type of classes as those found in the core of an MBA program. These course topics commonly include financial management, accounting, economics, and management. The same admissions process commonly applies to these programs as MBA programs. Concentrations such as those in finance and global marketing allow students to focus their studies on an area where they wish to work in an upper-management capacity.
Master of Management
In a Master of Management program, emphasis is typically placed on overall management strategies. This type of program is designed to help students build managerial skills in areas of decision-making, analysis, and problem solving. Courses in communications, innovation, business law, and data analysis are typical in the core curriculum. The same admission requirements often apply to those seeking either an MBA or a Master of Management.
In summary, Richmond, VA, offers several MBA programs to interested students, who can schedule their classes around their business days. A few related business programs are also available.