What Is an MBA?

An MBA is a graduate degree typically taught through case studies and practical applications. The goal of an MBA student is to not only learn academically what it takes to run a business, but to meet the types of people and experience the types of situations they will run into during their successes and failures.

Where to Receive an MBA

Most business schools in the country, as well as many schools internationally, offer an MBA. Some of the top schools, according to US News, are Harvard, Pennsylvania, Stanford and Northwestern. While the question of which school is best is constantly up for debate, each of those schools is widely respected.

What Are the Benefits of an MBA?

Listed among the benefits of getting an MBA are a strong academic knowledge of business concepts, a wide breadth of practical experience and a powerful reference on an individual's resume. The most substantial benefit, however, is the connections made while in school. Alumni of MBA programs are often some of the most powerful business people and can greatly help a student to get ahead.

What Does an MBA Cost?

Costs can vary widely depending on the university. Less expensive public schools might charge in-state students as little as $6,000 prior to financial aid, while more expensive private schools charge students over $50,000 per year prior to aid.

Why Get an MBA?

Getting an MBA is a great way to make connections and develop resources that will open doors for an individual for the rest of his life. Not only do MBA programs reinforce fundamental and advanced business concepts, they give students the forum to put their ideas into action.

Source:

US News: Graduate School