Major College Question regarding getting an MBA in Finance?
I am currently a high school student and I am trying to figure out what to do while in college. My goal is to get an MBA in finance from, preferable, a Ivy League or well known school. I was wondering if I should take business and financial classes as an undergrad or be a history major with a minor in English. I have heard that schools prefer the students with other majors then business when applying for an MBA in finance. If anyone can confirm this or give advice on the path or other paths I can take, I would be very thankful.
tiptrik
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They may like different majors but when you are looking into finance as a major you would be better off at least taking classes in that area of study as part of your undergrad. I am currently in my MBA for international business with an undergrad in human services, I tell ya at points I am totally lost. If you do not want to take a business major as part of your undergrad, use business as your minor, this way when you get to your MBA you will have an idea what they are talking about.
Do not worry about your college being an Ivy league, there are many great programs out there even from your local schools, try not to limit yourself to one type of school, you might miss the best education of your life, and not be totally strapped with debt afterwords.
I just answered another Q like this. Any rigorous program in UG is fine, but you also need several years’ experience in a professional job. Good MBA programs take a range of majors and occupations–I went to school with professional musicians, military officers, lots of non-profit types, entrepreneurs, as well as the finance and marketing herds. It makes for a great learning environment.
Follow your interests and strong skills, get very good grades, have some unusual experiences, do community services all the way through with a focus on leadership, and you can do it.
You heard right. Don’t study business if you want to get an MBA. History and English are OK, but science or engineering is preferable. the important thing is to get good grades. Many people think that the MBA consists of majors or concentrations that give you in depth training in a specific field. The degree Master of Business Administration is not the same as Master of Science. The MBA is a general broad degree covering a wide variety of business issues and training students for careers in managing any area of business up to CEO. MBA students study accounting, finance, marketing, statistics, management, economics, strategy, policy, leadership and similar courses. The MBA was developed because people with technical backgrounds getting promoted into management are not always able to manage, and people in management often don’t understand the technical fields they manage. That’s why MBA programs prefer students with degrees in other than business and with 2-4 years of work experience. Their graduates learn to manage and can speak the language of the people they manage, whether that is engineering, chemistry, medicine, music, or any other field.
The MS is a degree that concentrates study in a specific field, such as finance, accounting, electrical engineering, biology, or chemistry and trains students for careers in high level staff positions often involving research.
Many MBA programs offer concentrations, but this usually amounts to 2-3 elective courses in a specific field in the second year of the program. Thus an MBA in marketing may amount to a student taking Market Research, Advertising, and Consumer Behavior as a marketing concentration, while a finance concentration may mean courses in Business Mergers, Security Analysis, and Cost Accounting. Instead of a concentration, an MBA student may opt to take a broad range of electives in Production, Accounting, Marketing, Human Resource Management and other areas in order to broaden his background rather than concentrating in a single area.
Before you consider which MBA program is for you, consult the Official MBA Guide, a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, etc), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It’s the best service available at.