Master of Business Administration (MBA): Fast Track Degree Overview
A fast-track Master of Business Administration (MBA) program is commonly designed for working professionals who are seeking to further their training in order to enhance their careers. A fast-track MBA could also refer to a dual-degree program that allows a student to earn an undergraduate and graduate degree in business in a shorter amount of time.
Fast-Track Master of Business Administration
A fast-track MBA program for working professionals might offer on-site classes on a weekly or monthly schedule. Courses can be offered in the evenings and are usually combined with distance learning components. These flexible programs can typically be completed in 21-24 months.
When offered as a dual-degree option, a fast-track Bachelor of Business Administration (BBA)-MBA program often requires only one year of study beyond the bachelor's degree level. These programs commonly include concentration options through elective courses and could offer internship opportunities.
An applicant to a fast-track MBA program for working professionals must typically have sufficient relevant work experience as well as a bachelor's degree from an accredited university. For an individual applying to a combined BBA-MBA fast-track program, a high school diploma or the GED equivalent is typically required to enroll at the undergraduate level.
Fast-track MBA courses are generally identical to traditional Master of Business Administration courses. Courses focus on management, finance, economics and business strategy. Specific classes might include:
- Business law
- Human resource management
- Organizational behavior
- Management and organization
Popular Career Options
An MBA program prepares graduates to take on leadership and management roles in a number of industries and professional settings. Some career options for business professionals could exist in various fields, including:
- Financial management
- Production management
Reports on employment growth from the U.S. Bureau of Labor Statistics (BLS) show that during the 2010-2020 decade, accountants and auditors are projected to see a 16% increase in jobs, and financial managers and industrial production managers a nine percent rise in job opportunities (www.bls.gov). Wage information supplied by the BLS indicates that as of May 2012, the median annual salary for accountants and auditors was $63,550, industrial production managers $89,190 and financial managers $109,740.
Continuing Education Information
A Ph.D. in Business Administration is a terminal degree for this field. These programs often allow students to focus on specific issues within business disciplines, like accounting, operations management or human resource management. Ph.D. students are often expected to engage in graduate teaching assistantships while they work toward completion of their dissertation. Unlike MBA programs, which prepare graduates for management positions in the professional world, doctoral programs typically prepare graduates for work in research and academia.
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