Today’s MBAs are more attainable for students desiring to pursue an advanced business degree. With many program structures available, the options for MBA students to customize their education are plenty. In addition to full-time, part-time, online and executive options, students often have the opportunity to elect to include a concentration to augment their MBA degree.
Many graduate schools offer several different types of concentrations, and one increasingly common concentration is technology. Generally technology is broken down into several different categories of learning. Common programs include information systems management, programming, database administration, telecommunications, information security, and web/network administration to name a few.
A technology concentration is a marketable asset for several reasons:
• Increased job options
Adding a tech component to an advanced business degree can add a competitive edge in the job market.
In the Bureau of Labor Statistics’ Occupational Outlook Handbook it forecasts through 2018 technology jobs, especially those higher skilled positions, are going to be on the upswing. For instance, the agency states that employment of computer and information managers is expected to grow 17 percent during the years of 2008-2018, faster than average across all occupations.
BLS also predicts a noteworthy increase in technology related jobs and indicates, “A bachelor’s degree in a computer-related field usually is required for management positions, although employers often prefer a graduate degree, especially an MBA with technology as a core component”.
Considering potential employment opportunities, an MBA with technology concentration is a wise choice to be marketable in future markets.
• Growing Demand
In addition to the increased use of technology in an organization’s day-to-day processes, technology is progressively being used on the managerial level as well. Most aspects of business utilize information systems in all areas of business from sales and marketing to executive decision making processes.
Graduates who possess an inherent knowledge in how to use technology will be attractive attributes that employers will be seeking. Today even basic communications requires a degree of knowledge in technology; in today’s work environments the need for technology know-how is in demand, and this spans across all fields and industries.
•Up-to-date on technology trends
As technology progresses at the rapid rate it has been moving, tomorrow’s managers will benefit from the foundation of knowledge they get with a technology based concentration. Many business executives turn to implementing IT systems in their organizations to help them reduce costs and increase revenues. MBA grads who understand how to strategically employ technology in business planning will help their organizations sustain and grow in competitive markets.
• Understand how to use technology strategically
Technology has become an intricate part of business, and when the two disciplines are married together, this helps business majors better understand how to use technology in their managerial decision making processes.
As tech progresses, organizations, including private industries, the public sector and non-profits, are likely to integrate higher levels of technology for strategic and operational reasons. MBA grads who possess a specialization in knowledge in technology will have additional skills to help their organizations progress.
• Corporate governance
Technology, while not specified directly, is connected to corporate governance. For instance, in the 2002 Sarbanes-Oxley (SOX) law that was passed in the U.S. requires higher levels of financial transparency.
To meet the specifications of the law most particularly Section 404, many managers use technology to generate the required audits and ‘paper’ trails to track finances and even create a competitive advantage. Understanding the fundamentals and ways technology can be used is helpful in this respect to maintain good corporate governance practices.
Adding a technology element to an MBA degree provides graduates with not only a terrific marketable attribute, but also accentuates relevant skills and knowledge that can be directly applied in the modern workplace.