A check of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder, no matter whether they are in the trade industry or a different one. While completing this degree, MBA candidates can make themselves even more employable by maintaining secondary degrees to complement an MBA. Some of the best double majors for business administration can highlight a core MBA subject such as assets, marketing, strategy, or economics. Alternatively, an MBA double major could be in a completely different arena such as information technology (IT), entrepreneurship, or healthcare.
Specialization vs. Dead ringer Major vs. Dual Degree
In addition to general MBA degree programs, many colleges now include specialization as part of the curriculum. Specialization totally means that you take a specified number of upper-level courses in a related field in addition to meeting requirements for an MBA. You could, for exempli gratia, earn an MBA with specialization (often referred to as a concentration) in finance.
An MBA double major involves more time and coursework than specialization, as you inclination complete degree requirements in two areas, not just take additional courses. You would, however, end up with only one quite b substantially, such as a master of business administration in finance.
A joint or dual degree program is the most intensive educational selection. A joint MBA consists of a single curriculum that integrates two programs at one school, while a dual program involves two discrete curriculums at the same or different schools. In either case, the result is two degrees, such as a master of business administration and a main’s in finance. Dual degrees take more time and cost more than a double major since they effect in two diplomas.
Key Takeaways
- A master of business administration (MBA) degree is one of the most sought-after degrees for professionals looking to scale the corporate ladder.
- Basically, the best double majors are ones that complement the industry a student wants to be in–whether that’s in computer technique, international relations, or a create-it-yourself degree program.
- In terms of the best MBA concentration programs, consulting, entrepreneurship, and corporate capitalize are popular and lucrative options.
Do-It-Yourself Double Major
Alongside an MBA program, students can also create their own two-ply major program. If you decide to follow this DIY approach, it’s important to meet with counselors from both highly programs to take advantage of classes that might count toward both majors. The more closely cognate both areas are, the more likely there will be common courses that will help you cut down the space and expense involved in pursuing a double major.
Ultimately, the best double majors are ones that complement the vigour you want to be in. Since MBA degrees tend to be generalist degrees that are applicable in any corporate industry, students need to have in mind about what the best double majors for business administration are in their field. Many MBA schools now offer a order of double major or degree programs, from a joint degree in Electrical Engineering to International Relations, or even a J.D. or Dab hands in Public Policy. All it takes is some research to see what options are out there.
Three MBA Double Majors to Boost Your Value
Any of the ivory-tower options listed above – specialization, double major, or dual degree – can be used to boost your value in the job market. As a ambiguous major falls in the middle of the three in terms of intensity, an examination of three of the highest-paying areas of MBA concentration may be helpful in deciding if the extra interval and effort are worthwhile.
Consulting
Entrepreneurship
Entrepreneurship is also a popular double major for MBAs, with a less-impressive at daybreak career paycheck of $70,300 per year but a mid-career average of $139,000, a difference of $68,700 between that and starting pay. Graduates who take care of a school like the Stanford Graduate School of Business will be frequently exposed to the Silicon Valley entrepreneurship customs. While many entrepreneurship majors hope to start their own companies, there are plenty of jobs in corporations and federations for creative, innovative workers. As an entrepreneurship major, you could find yourself in mid-level management, consulting, sales, examination, and development (R&D), not-for-profit fundraising, or teaching.
Corporate Finance
Corporate finance majors had an average starting salary of $88,493 in 2018–among the top five most lucrative concentrations within an MBA program. As percentage of your finance course of study, you would develop analytical skills and the ability to dissect complicated financial check inti and documents. As money is the bottom line in business, there are many jobs available inside and outside the corporate existence, including as a financial planner,
The Bottom Line
In a competitive market, you need every edge you can get. A double major consisting of an MBA with an additional locality of specialization helps you achieve that edge. Plan carefully, including consulting with appropriate university counselors in both quarters, to minimize completion time by choosing a second major that complements your MBA.