9 MBA Specializations
Some people might argue that all MBA programs are alike. However, in today's diverse, global economy, business schools have quickly upgraded their campus-based and online degree offerings to include a variety of MBA specializations.
Here are nine online MBA specializations available today.
- Accounting. The Bureau of Labor Statistics (BLS) reports accounting jobs should increase by 18 percent between 2008 and 2018 due to more businesses, financial regulation, and company scrutiny.
- Energy Management. A transition to alternative sources of energy is placing a spotlight on the need for savvy business leaders in the renewable energy sector.
- Global Management. To succeed in a global economy, managers should possess international management, finance, and marketing experience, as well as speak several languages, according to the BLS.
- Health care Management. The health care industry is expected to create some 3.2 million jobs between 2008 and 2018, more than in any other industry, as a result of an aging population.
- Human Resource Management. The BLS expects human resources to grow by 22 percent between 2008 and 2018. Specialists should assist companies in the adoption of new legislation and the development of employee benefit packages.
- Marketing. Marketing and sales manager jobs should increase 14 percent between 2008 and 2018, according to the BLS. Managers in this area should prepare to work with global competition and additional advertising outlets.
- Project Management. The employment of management analysts to supervise the completion of corporate and government projects is slated to increase 24 percent, the BLS reports.
- Small Business Management. MBAs are requesting more entrepreneurship education to create their own opportunities in a tight job market.
- Technology Management. Corporate computer and information systems manager jobs should expand 17 percent from 2008 to 2018, according to the BLS. Companies should adopt technology to stay competitive and secure systems.
Online MBA specializations are based on areas where MBA students may find job opportunities. However, other industries may be growing as well. Prior to enrolling in schools, MBA students could research areas of interest through the BLS or their university career centers to determine the best fit for them.