Choosing to earn a degree is the start of a large commitment towards your future career. Now that you’ve decided to pursue an MBA, you want to take one step further and gear it towards your career goals. You may find yourself asking,” Is it better to specialize or generalize my MBA?” Here are some facts that may help you decide.
Overview of the MBA
The MBA or Master of Business Administration degree is a graduate degree chosen by individuals who want a career in business. Those with undergraduate degrees in other fields may pursue an MBA if they desire a career in management. The MBA is generally offered as a full- or part-time program. The length of time it takes to complete can vary from 1 to 3 years. MBAs offer various areas of specialization such as finance, accounting, healthcare management, eBusiness and marketing (see: The Top 10 Best Online MBA in Marketing Programs), among others. As an undergraduate student, it’s often difficult to get into an MBA graduate program without a couple of years work experience, which may play a role in which specialization you choose.
What Is The Difference Between Specialized and Generalized MBAs?
The difference between a specialized and generalized MBA is the same as it would be in any career. For instance, a family practice doctor is a general doctor with a breadth of knowledge in many areas whereas a pediatrician is a doctor with a depth of knowledge in pediatrics. The same can be said when describing the specialized and generalized MBA.
Why Would I Specialize My MBA?
Specializing an MBA demonstrates your interest in a specific area of study and also provides you with the education needed for a management position in that area. If you know, without a doubt, that you want to work in the healthcare field, it would be beneficial to choose that area and obtain a specialized MBA. The advantage of having a specialized MBA is that you have the knowledge to work in a certain field without the need for additional training, which is often the case with a generalized MBA.
Why Would I Generalize My MBA?
A generalized MBA is a good choice if you know you want to work in business management but aren’t really particular on where you work as long as it’s management or in business. Many students choose to earn a generalized MBA because they feel it gives them a more competitive edge in the job market. The advantage of a generalized MBA is that you’re not locked into a certain sector. If you’re working in one field and aren’t happy there, you can always look towards other businesses with a general MBA.
Is It Better to Specialize or Generalize My MBA?
The answer to “Is it better to specialize or generalize my MBA,” is all about what you wish to do with your career. As stated above, specialized MBAs are better if you know the field in which you want to work. Students considering specialized MBAs are advised to research the career outlook and job trends for that specific field. For instance, if you’re interested in working in the healthcare industry, research the job trends for management jobs in healthcare. Graduates with a general MBA can also choose to work in a specific field but are at a disadvantage to those with specialized MBAs.
Regardless of whether you’re considering a specialized or generalized MBA, you’re choosing a degree that’s highly regarded in the business world. You’re also choosing a degree that can offer an excellent career. The skills and knowledge gained from the degree will leave you well prepared for work around the globe.
Follow