Welcome to the Master of Business Administration Resource Center where you will find relevant articles, helpful tips and tools, and additional information to help you learn more about this field as you are exploring educational options.
Being an effective leader is more important in today’s business world than ever before. With the rapidly changing nature of the economy, driven by technology and globalization, an effective leader is a commodity that will always be in demand.
The days of retiring after 30 years with a gold watch are long gone. Our modern economy no longer works that way. Companies must innovate and stay nimble to prosper. Employees are no different – thanks to the rise of automation and other disruptive technologies, job stability isn't what it used to be. Workers must keep their skillsets updated to keep pace with an ever-evolving employment market.
A healthy, vibrant corporate culture is vital for success in business, yet fostering that sort of atmosphere isn't easy. It can't simply be mandated by C-level executives, or dreamed up in a focus group. True corporate culture develops organically – it's the sum total of the practices, beliefs and values of everyone who works at a firm.
A company is only as good as its employees. The unfortunate truth is that sometimes hiring just a few bad apples can spoil the efforts of an otherwise talented staff. A recent article in Fast Company provided some compelling data on the importance of fully vetting prospective candidates. The data showed that 41% of companies surveyed said a bad hire had cost their firm at least $25,000 over the previous year, and 25% of these companies said a bad hire cost their firm at least $50,000.
A Master of Business Administration (MBA) has long been the standard for business hopefuls dreaming of a high-powered management career. For savvy professionals who want to tailor their education in a more focused way — one that complements their background and helps reach future goals — a specialized area of study may be the right solution. It’s an option that allows you to master general business knowledge while honing your skills in a specific industry.
Type in the word “finance” on any major or niche job site and you’ll see that finance roles are in high demand across every industry, from financial institutions and household name brands, to manufacturers and healthcare organizations. Take an even deeper dive and you’ll notice that many of these positions require — or at the very least prefer — a graduate degree with a specialized focus in finance and/or business.
Marketing is everywhere we look. On our phones, websites, TVs, the bus stop — even coffee cups. With technology and social media changing the way companies position their products and interact with customers, marketing and its many industry segments is one of the fastest-growing career paths today.
The role of the human resources (HR) department has evolved tremendously over the years. What was once perceived as a personnel-management, policy-slinging machine is now considered a strategic business partner for most executive teams. Upper management leans largely on human resources to grow their business from both a personnel and financial perspective, making careers in human resources some of the highest in demand.