What is an MBA?

What is an MBA? Master of Business Administration is an international program for the training of highly qualified professional managers. This training system is an additional high-level education , entitles to occupy managerial positions in organizations and enterprises. The question of what an MBA is, experts are interested in, who expect to take the post of a leader of a high or medium level. In addition, this program is suitable for those who seek career growth. Also, it is designed for top-level executives who aspire to self-development and successful business. Since, having received the MBA degree, the student acquires practical experience and knowledge, this means that the specialist will be able to carry out managerial work and occupy positions in the field of medium and senior management.

What is an MBA is known all over the world. This program is very popular abroad, therefore the diplomas with the qualification "master of business administration" are recognized by the business community of all countries.

In addition to theoretical aspects of management, various practical exercises are used: trainings, role plays, seminars, examples and situations of various companies, computer simulations. Trainings, for example, contribute to the development of creative potential and help to solve the problem in a comprehensive way. The creative atmosphere of education is adopted due to the use of new psychological techniques and the desire of the program's listeners to self-development. The MBA system offers common ways to solve problems that are related to management. The use of theory and practice, as well as teamwork, helps to find a common between the program's listeners. Here it is also possible to listen to the business experience of colleagues. Characterizes MBA and individual training. In addition to the basic subjects, the listener selects those that are important and interesting for him.

You will be trained on the MBA system if you have a higher education. To do this, you need to pass an interview and pass a special test, which will determine the skills of English. And for training abroad, selection is very hard, you also need to undergo psychological testing to assess the ability to perceive learning at this level.

The cost of the MBA program in Russia is about 11-13 thousand dollars. In the West, this amount varies from 20 to 100 thousand dollars, depending on the program and the university.

There are such types of MBA training:

• Full-Time is a very similar form of training, as in the daytime department of the university. You have to study every day and practice additionally. This will take 1-2 years.
• Part-Time - training in the evening or modular format. It gives an opportunity to study and work at the same time (it will take 2 - 3 years).
• Distance Learning - is equivalent to the form of study at the correspondence department of the university. It lasts exactly 2 years.
• The Executive Program is a unique program that is specifically aimed at improving the skills of managers.

Obtaining an MBA degree helps to increase wages, increase business profitability, and acquire new economic knowledge.

For the first time in Russia, what the MBA was is known when the Ministry of Education conducted an experiment to train managers of the highest category through such a system from 1994 to 2004. Since 2004, Russian universities have been able to conduct licensing of MBA programs.

Today, many Russian businessmen and directors of companies want to know about what an MBA is. It is believed that if the summary in the column "education" indicate the master of business administration, then this is a big bonus when hiring. But statistics show that the employer first looks at the "work experience" graph. Often there are such applicants for a vacancy that graduated from the MBA, but have only superficial knowledge about the business. A high-level specialist who does not have a collection of diplomas can have the necessary knowledge and skills.

Directors of large companies consider the passage of these programs a tribute to fashion. This is partly true. Many people want to get a degree for the sake of a "cool" line in the resume. Anyway, any additional education indicates that people are constantly striving for self-development.