Common Specializations for Online MBA Programs
MBA programs offer various specializations, allowing you to focus on developing knowledge and skills that align with your career goals. Specializations are available for both traditional programs and executive MBAs. Here are some common specializations for online MBA programs:
Advanced Finance
Finance courses are usually part of the core curriculum in online MBA programs. Students who specialize in advanced finance receive instruction that expands the concepts introduced in the core courses. This specialization focuses on corporate-level financial analysis and investment strategies. It also covers modern portfolio theories, investment banking, financial planning, and international finance. Advanced finance specialization is often required for careers as high-level bankers or chief financial officers.
Entrepreneurship
A specialized MBA in entrepreneurship focuses on creating, developing, and scaling modern businesses. The specialization equips you with the management and leadership skills needed to start a business and work in startup environments. Pursuing the entrepreneurship specialization allows you to develop the qualities, habits, and mindsets required for successful ventures.
Entrepreneurship specialization courses often include general practice, business opportunity recognition, and entrepreneurial experimentation. The course also covers design thinking and business development experience. You also acquire idea-pitching and fund-sourcing skills and refine your entrepreneurial strategies through practical experimentation.
General and International Management
MBA programs offer specializations in general management, which teaches various management skills and perspectives. The skills allow you to occupy management roles in organizations in all industries, including marketing, human resources, user experience, and software. MBA programs also offer international management specializations covering finance, strategy, and operations skills used in global contexts. The courses are ideal if you plan to work abroad or for multi-national organizations.
Corporate Strategy
Advanced corporate strategy specialization provides insights into corporate-level decision-making. The specialization covers business development strategies, consulting, planning, and risk management and equips you with the skills required to make corporate decisions across different industries. Specialize in advanced corporate-level strategy if you plan to work in executive-level roles or join high-level C-suits where you can identify and explore growth opportunities for your company.
In this specialization, students learn how to sustain competitive edges, anticipate industry trends, and adapt to changing conditions within a business environment. Courses studies include mergers and acquisitions, vertical integrations, and diversification. The MBA also covers strategic alliances and cooperative strategy.
Strategic Leadership
MBA students could select an organizational leadership specialization to focus on leadership strategies, organizational change, and team dynamics. Strategic leadership specializations are often beneficial for executive and senior management positions in corporate settings. They equip you with communication skills, key management strategies, and corporate decision-making competencies.
The specialization covers different types of leadership, including strategic, positive, and change leadership. The program also covers power, influence, and business strategy implementation through the balanced scorecard approach. These skills help you become a strong leader capable of managing productive teams that achieve business goals.
Find Online MBA Programs Today
Online MBAs offer convenient programs that allow you to pursue your master’s degree remotely while building on-the-job experience. Campus visits are often not required, resulting in a more flexible approach to career advancement. Contact an accredited business school today to learn more about online MBA programs and specializations.