Who an MBA (Master of Business Administration) is worthwhile for

Discover if an MBA is right for you. Learn about career benefits, program requirements, study options, and how to choose the best program to advance your management career.

As an MBA graduate, you have completed a general management degree that enables you to take on all essential management functions. You work in senior positions in companies across all sectors of the economy. Here you plan and organize business activities and make entrepreneurial decisions in various functional areas. Control and monitoring are also part of your responsibilities.

With the acquired master's degree, you can apply in various industries. You can work for management consultancies, banks or insurance companies, or in technical companies, plant and mechanical engineering, or the automotive industry. Electronics companies and the entire communications industry can be your possible places of employment.

The areas in which you work can also be very diverse. You can be responsible for purchasing, procurement and materials management, or for logistics, sales and distribution. Areas of application such as finance and accounting, controlling, operational planning and auditing, or operational organization and data processing are also possible.

The entire human resources sector can fall within your area of responsibility. In the field of marketing and advertising, you are responsible for conceiving suitable marketing goals and advertising strategies, implementing and controlling corresponding measures. If you later want to work in science and research, you are responsible for the analysis and evaluation of economic systems and must write relevant specialist literature.

The MBA program – admission requirements and content

The Master of Business Administration can be obtained at universities or other educational institutions on a full-time or part-time basis. Many distance learning schools have it in their program. A full-time study takes at least one year, while a part-time study is expected to take 18 to 24 months. Distance learning must be scheduled for at least two years. The MBA program is primarily aimed at medical professionals, engineers, lawyers, and other natural scientists or humanities scholars.

The hurdles for admission are set high at some schools. A prerequisite is usually a bachelor's degree and at least one year of professional experience. However, the admission procedures are not uniformly regulated. Those who can demonstrate an exceptional professional career can in some cases be accepted even without a bachelor's degree.