Students today pursuing a Master’s of Business Administration have plenty of options. There are full-time programs, part-time programs, and online programs. Once a student commits to an MBA program, many colleges offer the option to take a concentration along with the primary program.
There are many tangible benefits associated with including a concentration along with the primary course of study in an MBA program. In some ways it can enhance a career path, deeming the graduate as more of an expert in a specified area of interest because in addition to earning a traditional business education through core MBA coursework, students can increase their qualifications for designated career paths that are specialized in nature.
In many industries, possessing inherent familiarity in a specified area of business can provide graduates with a competitive edge in landing their dream jobs, not to mention, specialization may result in an increased salary in designated fields.
Here are a few of the top things to consider when choosing an MBA concentration:
• Personal interests
Students looking to augment their MBA degree have many possibilities and chances are one of them will hold a special interest. When considering that whatever course of educational learning you choose will likely reflect your career path, you want to choose something you like, or else chance ending up doing a job you do not enjoy.
• Future job opportunities
Before selecting a concentration it might be worth the time invested to see what the jobs forecast for those fields would be as you will want to make sure you can apply your knowledge in the career you have interest. If the job forecast is looking dismal you might want to consider another interesting concentration.
Once a good field has been identified and future prospects look good, this may provide an edge in the job market. In the real-world setting, an advantage in the job market is that MBA grads with specialization can use this knowledge to solve problems and be able to fittingly deliver solutions.
• Available concentrations
One important factor to consider is whether or not your selected college offers the preferred discipline as an option. This may affect whether or not you want to add a concentration, or attend a particular school.
Concentration option vary amongst different colleges, however, common MBA augmenting disciplines include marketing, human resources, hospitality management, international business and technology to name a few; the latter often is broken into further disciplined concentrations such as information security, programming or ecommerce.
Pairing an MBA with a focused concentration is a good marriage, but with many options to choose from it can be challenging for some students to choose a concentration to pair with an advanced business degree.
Choosing a concentration should be considered carefully as you’ll want to make sure it is something you enjoy, yet provides opportunity to be useful in your chosen career path. Ideally you want your concentration to be both interesting and be viable in future job opportunities.