The Master in Business Administration (MBA) program is a postgraduate degree usually taken by mid-career professionals to gain an advantage in their professional career, whether they are in a private, industrial, or government organization.
Unlike undergraduate programs, this course centers on more advanced concepts and principles in the field of business and commerce.
The curriculum is designed to equip students with the skills that will make them qualified and competent in higher-level management positions. It centers on the current management techniques, functional areas in the field of business, relevant concepts in economics, applied mathematics, statistics, and behavioral science, and their practical applications. The Master in Business Administration program does not merely teach students about theories and applications of business concepts, processes, tools, and techniques, but also teaches students about managerial tools and right decision making processes in business.
Some of the subject taught in this program are:
- Managerial Accounting
- Marketing Research
- Financial Management
- Managerial Statistics
- Economic Analysis of Business
- Production and Operations Management
- Entrepreneurial Management
- Project Research and Development
- International Business
- Management Information Systems
- Marketing Management
- Financial Accounting
- Management Policy
- Problems in Personnel Management
- Organization Theory and Design
- Human Behavior in Organization
- Research Methodology
- Communication Skills Development
The Master in Business Administration program is taught through classroom-based frontal instructions, workshops, seminars, and organized talks. Additionally, students engage in focused group discussions, business games, simulations and role-playing, debates, field research activities, and written requirements (case studies, business research papers, and theses) are mandatory to be submitted.
Is Business Administration a profession?
Business Administration is NOT a profession, however, having a formal education in business administration can be a useful asset in any industry, wether by advancing the career or by gaining useful knowledge.
What are the admission requirements for MBA?
Requirements at each school may differ, but these are the common requirements:
- Must have a bachelors degree in any field from a recognized college or university
- Must have an original copy and photocopy of Transcript of Records of undergraduate studies
- Must have statements of qualification and recommendation from undergraduate college Dean and former professors
- Some schools require you to meet the required score in the postgraduate admission test. Other schools accept Graduate Management Admission Test (GMAT) results in lieu of the admission exam.
- Some schools require you to pass the interview conducted by the admission committee
What skills will help you succeed in this course?
- English Skills – the ability to read, write, and communicate well in English is necessary because most of the literature and required reading materials are in this language.
- Writing Skills – students must have the ability to write with clarity because aside from being asked to construct several case studies and business research papers, they are also required to write a thesis.
- Communication Skills – the ability to present information both in verbal and written form. Students will be required to accomplish written reports on assigned tasks and present them orally to professors and classmates
- Analytical Thinking – this skill is important in evaluating business options and making the right business decisions.
- Interpersonal Skills – the ability to communicate and interact harmoniously with other people will definitely help students work on group projects and class activities with their classmates.
- Critical Thinking – this skill is important in order for you logically think of solutions for business issues presented in class.
How difficult is this course?
The Master in Business Administration program is considered to be a moderately difficult program.
How long does it take to complete an MBA in the Philippines?
Normally, the MBA program takes 2 years to complete. Some schools offer MBA programs that take 16 months to complete.
Many students choose to study this program part-time as they are fully employed, so they take more than 2 years to complete the program. Some schools offer classes in the evenings and/or weekends, to accommodate the working students.
On The Job T raining / Internship
On-the-Job Training is not required for the MBA program.
There are plenty of fields of specialization for the MBA program, including:
- Business Management
- Tourism Management
- Human Resource Management
- Industrial Management
- Organizational Development
- International Business
- Environment Management
- And many more
Career opportunities for MBA graduates
The MBA program opens career opportunities, however it does not direct the student to any particular job or field. Many job positions require a masters degree, or give an advantage to a masters degree holder. Some positions require an MBA or similar degree, including many positions in the public sector.
Career Opportunities AbroadThere are not many job opportunities abroad for Filipino MBA graduates. However for those with job experience and an in-demand profession, and MBA degree can prove to be an asset when looking for a job abroad.
Salary LevelsSince graduates of the MBA program have a wide choice of career paths to take, the salary levels vary greatly. However, if you are looking for a mid-level managerial position, you can expect to earn PhP 20,000 to PhP 40,000 a month, while senior management, such as CEO, Director or a Vice President, can earn PhP 50,000 to PhP 120,000 a month. (source)