Business Administration (Master of Business Administration)
The Master of Business Administration Degree provides students with a practical knowledge of a business environment. Students are offered the option of a generalized MBA (standard option or accelerated option) or a specialized degree program in one of two areas: Business Administration — Information Management and Business Administration — Project Management.
Students enrolled in master's programs are required to follow courses in the sequence set out for each program.
Standard Option MBA
This degree program provides students with a practical knowledge of a business environment. The MBA program covers finance, financial and managerial accounting, human resource management, information management, managerial economics, marketing, organizational behavior and quantitative analysis.
Accelerated Option MBA
Students who have three years of work experience in a business-specific role or have a conferred bachelor’s degree from an appropriately accredited institution with a concentration, emphasis, major or specialization in a business discipline and having earned a 3.0 GPA in that business degree, and who have 37 hours per week for coursework, can apply for the accelerated MBA schedule.
In the accelerated schedule, students are authorized to take two courses (6 credit hours) each term. This authorization extends to the point that a student is not making satisfactory academic progress (SAP), as defined in the University Catalog. If a student’s GPA is below the academic standing threshold between checks, the Dean reserves the right to reduce the student’s credit hour load.
The MBA is a general, graduate business degree program. This course of study emphasizes management, finance, financial and managerial accounting, macroeconomics, microeconomics, marketing, organizational behavior and quantitative analysis.
What will I learn in this online business administration degree program?
The MBA program emphasizes finance, financial and managerial accounting, human resource management, information management, macroeconomics and microeconomics, marketing, organizational behavior and quantitative analysis.
Plus, with the standard option, you can pursue a generalized MBA or a specialized degree program in one of two areas:
MBA – Project Management
MBA – Information Management
MBA OUTCOMES
Leadership
To obtain high-level or management positions, you’ll need skills to manage large teams of employees, make smart financial decisions and provide insight during project planning and implementation.
Students enrolled in Grantham’s MBA program will take courses designed to improve their overall management skills. Management within business may entail strategic decision making skills, as well as those that can promote consumer outreach and support. Through courses such as marketing management and strategic management, you can gain a better understanding of how to increase the efficiency of teams in many different organizational areas.
Information Technology
Information technology may be an important educational aspect for you while pursuing an MBA. Most businesses rely on IT to manage sales, communicate with customers, and design new products and services.
As society is constantly under change and innovation, the need for more experienced and tech-savvy professionals may be on the rise. Through the Information Management concentration of business-specific courses, such as Information Systems Strategic Planning, you can learn how to use technology while working in the field. Students with higher education in information technology may be able to provide more expertise and leadership to the companies for which they work.
Finance
Leadership professionals in the field of business should have the financial skills necessary to promote success at their organization. Our MBA program offers finance and accounting courses to help you become more fluid with the financial record-keeping process required in businesses of varying natures. Through these courses, you can learn to make smarter financial decisions that can lead to better overall money management.
Some topics you may encounter through these courses may include budgeting, financial analysis, and troubleshooting various financial issues at organizations. Through diverse coursework and classroom discussions, you can learn to apply principles of finance to everyday business activities and decisions.
What careers can I pursue with an online master’s in Business Administration degree?
For many, an MBA from Grantham is the right training (and the right degree) to open the doors of senior leadership and management opportunities3.
Careers and Job Outlook2
Supply Chain Managers
In business, there are many different specialized career options available. Having an MBA can help you gain meaningful positions for organizations responsible for providing goods and services to customers on a daily basis.
Those who earn an MBA can, for example, work as a supply chain manager at many organizations around the country. The supply chain manager may have many diverse responsibilities within his/her organization. On a daily basis, these professionals analyze project goals to determine how many employees it might take to complete a work order, the amount of supplies needed and the time it could take to complete. During the purchasing of goods for production, these managers may also compare prices of different suppliers, and work to combine shipments for maximum efficiency.
In some businesses, supply chain managers are the leading source of innovation for tackling new projects and service by providing ideas for money and time management. Professionals working in this position can earn around $105,610 per year. Over the next decade, supply chain management positions are projected to grow at a rate of 5-9%, about the national average.
Management Analysts
Our Master of Business Administration can potentially prepare you for a career in management, as well as management improvement. One career option for MBA graduates that includes both of these elements is management analyst. These professionals help streamline the management process by making tasks easier and more efficient.
A management analyst takes calls from potential clients seeking improved management techniques and more efficient management practices. This person may conduct an analysis on the business in question to determine aeas for improvement, as well as gather and analyze data in order to support his/her findings. The management analyst then initiates an improvement plan based on observations and information gathered during interviews and assessments. After helping implement the program plan, the analyst also follows up to ensure it is working effectively in the client organization.
Professionals working as management analysts may have the potential to earn $82,450 per year on average. Depending on where the analyst is employed, this figure can vary. On average, this position is experiencing a higher than average growth of 10-14%, which could open up even more opportunities for new graduates of our MBA program.
Operation Managers
Operation managers may be a leading source of direction and leadership in public or private organizations. Including many aspects of planning, financial management, analysis and general management, operations management is a great field for professionals who want variety on the job. These professionals can oversee the general operation of companies under their care, by helping plan and implement policies, and providing management services.
Operation managers’ daily duties include supervising financial records and spending, coordinating activities performed by various sectors of an organization, staff scheduling and task assignment. Professionals in these positions may also be in charge of supply purchase and budgeting, depending on their specific employer.
This position is ideal for MBA holders seeking a fast pace and a diverse career option. Since the responsibilities can greatly vary, depending on where a person is employed, it is hard to classify this career within management without including different aspects and roles. The average annual salary for operation managers is $100,410 and growth is expected to be 5-9% over the next 10-years.
How long is the online Master in Business Administration degree program?
At 37 credit hours, the standard option should be completed in 24 months. The accelerated option is designed to be completed in 12 months. Either option could take less time depending on how much transfer credit you receive.
How much will this online business administration degree program cost?
The graduate rate is $325 per credit hour – lower if you’re a member of the military, a veteran or part of a military family. Grantham also offers scholarships and financial aid for those who qualify.
Are there specific admission requirements for the Accelerated MBA program?
Because it is the same program in a condensed time frame, students are required to allocate at least 37 hours per week for coursework. Plus, they need three years of work experience in a business role and hold a business-related bachelor's degree. See section 1.4 of Grantham’s catalog for details.
When can I start?
Courses begin monthly. We’re ready for you when you are.
Call us at (888) 947-2684 to learn more about our business administration and management programs, financial assistance opportunities or about Grantham's enrollment process.
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