Best Master Of Business Administration Degrees

Earning an MBA can lead to new career opportunities. Here, we list the top programs available.
by

Updated October 17, 2023 · 3 Min Read

CollegeChoice.net is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

Turn Your Dreams Into Reality

Take our quiz and we'll do the homework for you! Compare your school matches and apply to your top choice today.

Earning a master of business administration (MBA) can help learners expand their career, grow their professional network, and boost their earning potential. MBA degree-seekers gain skills in management, economics, and problem-solving. Graduates may pursue business careers or start their own business.

Full-time students can earn an MBA degree in two years. Accelerated programs take less time. Students can complete an MBA degree online or in person. Some programs use a hybrid format. Learners can also customize their MBA with a specialization. Some options include finance and supply chain management.

Read on to learn about master of business administration programs, including degree options and popular MBA specializations.

What Do You Do With an MBA?

MBA programs help learners develop skills in management, marketing, and finance. Some employers prefer candidates with an MBA. Professionals with an MBA earn an average annual salary of $91,000, according to Dec. 2021 Payscale data.

MBA degree-holders can pursue careers in many business sectors. They may work for corporations, nonprofits, or government agencies. MBA graduates can often pursue jobs that align with their personal interests. For example, learners with a passion for numbers can pursue financial management careers.

How Much Can You Make If You Get an MBA?

Graduates with an MBA degree may work as top executives, health services managers, or management analysts. These careers pay more than the median annual salary of $41,950 for all occupations.

Top executives, such as chief operating officers or chief executive officers, make a median annual salary of $107,680, according to the Bureau of Labor Statistics (BLS). These executives work across industries, including construction, insurance, and manufacturing.

Medical and health services managers earn a median annual salary of $104,280. These professionals manage the business side of healthcare providers, such as private practices and hospitals. The BLS projects jobs for these managers to grow 32% from 2020-2030, which is much faster than average.

MBA graduates may work as management analysts. These professionals earn a median annual salary of $87,660. Management analysts assess companies' efficiencies and work to improve them. The BLS projects jobs for these professionals to grow 14% from 2020-2030, which is much faster than average.

What Kind of MBA Degrees Are Available?

Many schools offering MBA degrees provide full-time, part-time, and online options. Some schools also offer MBAs for business professionals, such as executive MBAs. Keep in mind that not every school offers every type of MBA. Students should choose the MBA type that aligns with their career goals.

MBA Specializations

Many MBA programs offer specializations. Sometimes called concentrations or tracks, specializations allow enrollees to explore a business niche based on their interests or career goals.

See below for common MBA specializations. Keep in mind that specific offerings vary by school. Students interested in a certain track should ensure their desired school offers this option or a similar alternative.

Explore More Business Programs

Helping you prepare and gain the most out of your educational experience.