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Posted March 18, 2013

Understanding the MBA Degree

An MBA (Master in Business Administration) degree is one of the most prestigious qualifications in the world, and is a huge boost to anyone’s CV. Students of the MBA program study the theory and application of business management, which is applicable to just about every business on the planet, making graduates of this qualification extremely employable. The knowledge learnt on this postgraduate course is transferable to a host of real world business situations.

Why go for an MBA?

If you have business ambitions and you want to pursue a managerial position in any profession, an MBA will give you the attributes necessary to take on these positions. Many managerial job posts require the qualification, meaning that once you have it, your salary earning and career path opportunities will expand greatly. Some executive positions are only open to those with an MBA, as it is seen as a vital part of personal and professional development. Some MBA courses allow for industry specific modules, allowing you to learn career specific information that will give you a boost in the industry, however all skills learned are transferable to all situations.

Types of MBA Degrees

There are an abundance of different specialist disciplines that you can study as part of your MBA, some of which can be combined with each other. Some of the most popular options include:

  • Business Management
  • Accounting
  • Operations Management
  • Finance
  • Entrepreneurship
  • Economics
  • Technology Management
  • Marketing
  • Human Resource Management
  • E-commerce

Where to Study Your MBA

There are a whole host of institutions offering the MBA course , and as with law and medical degrees, the course content remains very consistent across all universities. This means very often the value of your MBA degree is measured by the prestige of the institution which you have gained the qualification from. Qualifications acquired from business schools appearing higher up in the league rankings are often considered to be more valuable than others, although that purely depends on individual viewpoint.

The Cost of an MBA Course

Being one of the top postgraduate qualifications that you can gain, the cost of this course is extremely high in comparison to others. The course costs can be as much as four times the average annual salary, although prices do vary between institutions. Due to the value of the qualification to your future career, there is funding help available from a number of different places including government funding, university scholarships, and even businesses who award grants to employees.

Prodigy FinanceFunding Your MBA Program

If you need some help funding your MBA program, Prodigy Finance offers loans for MBA students with competitive interest rates, based on future affordability without the need for a co-signer or additional collateral.

Find out more

Prodigy Finance is one of many potential funding options for international postgraduate students. Other student funding options are available and advises you to research all your options thoroughly before making such a commitment. accepts no responsibility for your choice of loan and does not endorse or support Prodigy Finance. Prodigy Finance Ltd is authorised and regulated by the Financial Conduct Authority, and entered on the Financial Services Register under firm registration number 612713.

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