MBA programs are the most generalized in the world. If you enroll in one, you will study many different fields within business, which will in turn prepare you to pursue a career in a variety of fields. The curriculum generally consists of the following areas:
Accounting is the process by which financial information is communicated. In an MBA program, you will learn how to read, interpret and create financial statements. If you choose to pursue more advanced classes, you will also learn to use this information to cut small business costs, manage business taxes, and value companies. Accounting is also the foundation for finance, and is usually a prerequisite for financial classes you will pursue at the university.
Economics is a separate field from business, but the two often converge. In economics classes, MBA students will learn how goods and services are exchanged, and the impacts that these transactions have in business.
Coursework in finance teaches students how to manage investments successfully. This includes classes in securities analysis and investing, budgeting, cash flow management, and the use of quantitative measures to increase profits or assess the health of a company.
Marketing classes teach students how to communicate with their customers and influence their buying decisions. Specialized classes will cover topics such as advertising, Internet marketing, global marketing, branding strategies, and marketing research.
Management is really an all encompassing key to the field of business. It handles topics related to leadership, strategic vision, planning, and implementation of plans and strategies. It is involved with both the human and process-oriented aspects of running a business. There are many advanced management classes available to students who declare a concentration in management, or are simply interested in learning more. Disciplines that are subsets of management include organizational behavior and operations management.
As we move towards a more global world, understanding the customs and methodologies for doing business in different countries is becoming increasingly important. MBA programs usually require students to take these classes so that they can succeed in a global business.
Only lawyers are qualified to make legal arguments. However, business people must at least be familiar enough with the law to know when to look for a lawyer. MBA programs give students a general overview of the law and the role it plays in business.
Most MBA programs have a number of standard classes that all students are required to take. In addition to the core coursework, many programs have students specialize in a specific area of business, such as finance or marketing. Students may also be required to complete an internship, particularly if they previously lacked work experience.