Master's Degree
A master's degree in business or business administration opens up a world of possibilities for business professionals looking to move up the career ladder and advance to positions with more responsibility, requiring more theoretical knowledge and practical experience. You can pursue a master's in business right after your bachelor's if you have little desire to work in lower or middle management positions, and would prefer to start directly in a higher management, executive, or consulting role.
You are more likely to be hired for advanced positions, however, if you earn your bachelor's degree and then gain several years of practical work experience, since this will give you the hands-on, in-the-field knowledge needed for a more advanced position. You can pursue your master's soon after earning your bachelor's, or many years later. Some people earn a master's in business after gaining some years of experience in order to start their own company.
Consisting of anywhere from 36 to 54 credits, depending on the program, it usually takes two years to complete this degree full time. Students who take courses part time are usually given up to five or six years to earn their diploma. After receiving your degree, you can be hired in fields such as consulting, technology, communications, marketing, healthcare, banking, finance, and venture capital. Business professionals holding master's degrees work in jobs with high salary potential at Fortune 500 companies such as Lehman Brothers, Deloitte Consulting, IBM, Goldman, Sachs & Co., General Motors, UBS, and Merrill Lynch & Co.
Article Resources:
Columbia University
Harvard University
Temple University
Wayne State University