For anyone considering a Masters in Business Administration, a dual MBA takes it up a notch, providing an edge when it comes to entering the job market. Earning a dual MBA involves adding an additional Masters degree to the Masters in Business Administration in order to provide a graduate student with more skills and expertise in a particular area of interest. In addition, it streamlines two degree programs together when concentrating on two areas, cutting costs as well. A dual MBA is a fast track to completing two masters programs due to the fact that core courses in one degree program can actually double as electives in another. It’s an excellent way to get an education in business that suits a graduate student’s needs, providing a more comprehensive education than would be provided with only a Masters in Business Administration. Students who play their cards right can choose to attend a business school that truly hones down the process at a fast pace, combining a bachelor’s degree in a business administration program with the MBA in a period as short as 5 years. Regardless of what direction a business student takes, completing a dual MBA is the recommended method of creating an excellent resume.
Areas of Specialization and a Second Masters Degree for a Dual MBA
When considering a dual MBA, it’s important to choose an area of specialization in one’s MBA that will be worthwhile, one that will have the most positive impact in order to be more competitive upon graduation. Competition is fierce and employers are looking for the cream of the crop. Areas of specialization include human resources, marketing, finance, information technology, family business, entrepreneurship, international business, human resources, and more. In addition, the second Masters program requires due consideration. It should be a degree that will provide a graduate with more prospects after graduation. Upon completion, students will actually hold two masters degrees that are related to the field of business, providing them with an advantage over the competition. In addition to a Masters in Business Administration, students often choose a Juris Doctor or J.D., a professional doctorate in law, a Masters in Science, or a Masters in Arts. Others Masters degree programs that can be combined with an MBA include an MD, or Doctor of Medicine, Master of Public Health, an MS in Education, and an MS in Journalism, to name only a few. Students who opt for a dual MBA can combine nearly any Masters program with their MBA to broaden their reach and expand their knowledge base.
Choosing an Area of Specialization
When considering a dual MBA, students should seriously consider their area of specialization and what will be most useful in the future. For example, a graduate who is planning on becoming an entrepreneur would do well with specialization in entrepreneurship, while an individual with an interest in modern day information technology should go in that direction. It’s a matter of personal preference and what will be most effective when it comes to acquiring the job of choice.
A Dual MBA Opens the Door to Opportunities
A dual MBA degree opens the door, improving the prospects of any graduate in an uncertain economic climate. Graduate students will be highly qualified in their field, well-equipped with leadership skills and vital knowledge concerning their area of specialization. For those who want a better chance of breaking into higher management levels soon after graduation, a dual MBA is a wise choice. The main goal is to become an expert in the field, a go-to guide who can handle various situations with ease.
Managerial Skills are a Must
Any business administration program is going to touch on managerial skills, but a dual MBA will involved a higher level of focus. It’s essential to be a problem-solver, be prepared for real life scenarios, and have a deep understanding of one’s responsibilities. With advanced management skills, dual MBA graduates will be able to grasp all of the ins and outs that are involved in their organization once they have become acclimated to the position.
A Dual MBA Means Job Security
At a time when the economy is more unpredictable than ever, having a dual MBA provides protection against job cuts and the possibility of recession. Students are equipped with a broader selection of skills and knowledge, able to handle a vast area of complex issues. As the saying goes, “The more you know, the more it shows.”
A Dual MBA Offers Versatility in Career Selection
Opting for a dual MBA means having more choices when it comes to obtaining a position. Students are better equipped to enter the job market and perform a variety of job responsibilities. This is especially beneficial for anyone who wants to try new things, always open to change.
Have an Jump on Career Advancement
As an added incentive, obtaining a dual MBA puts graduate students on the fast track to getting on a higher rung on the corporate ladder. It’s much more likely to start right off the bat with a promising benefit package and salary. Advancement opportunities are in abundance as well with a dual MBA.
A Great Tool for Networking
Achieving a dual MBA makes it easier to begin networking during studies, internships, and when on the interview circuit. Once out in the field, it is vital to communicate and make as many useful contacts as possible. The business world is fast-paced and it pays to know the right people.
Be Prepared to Start a Business
With a dual MBA, it is much easier to get a leg up on being an entrepreneur. In a time when it is best to strike when the iron is hot, grabbing hold of an inspirational idea and running with it can be a smash. One never knows when the next great idea will come along and a dual MBA can help graduates to latch on to opportunities.
A Dual MBA Means Having the Right Tools
For anyone who wants to be in the know in the world of business, having a dual MBA is the key to success. As with any job, the more knowledge and training an individual has, the better a chance at thriving. A dual MBA means having the whole package when it is time to get to work.