WHAT IS MBA?

The MBA, which we hear more and more frequently, means Master of Business Administration.

Through this program developed for business people, students become individuals who can take responsibility for the management of the competitive business world. It adds competence to students and improves management skills. Today, MBA programs can be applied for any position that requires a management position.

Students participating in the program, marketing, economics, finance, entrepreneurship, communication, human resources management, operations management and leadership skills, especially receive scientific and academic education. Students who complete this program can demonstrate good management by acquiring advanced training and management skills.

First, it emerged in the late 19th century, when industrialization in the United States accelerated, and spread to the world as businesses grew and became a more global organization. Particularly in the last 20 years, managers who have an MBA in medium and large companies have started to be needed.

MBA PROGRAM TYPES

MBA programs can be done in a variety of ways. What are these program types?

• Full time and abroad
• Part time with a job
• Advanced for executives
• E-MBA

MBA EDUCATION DURATION

The duration of MBA education varies by country such as one year in European countries, two years in the USA and Canada (available in one-year programs), and one academic year in the UK.
Given the short duration of education, it is not difficult to predict that a challenging educational process awaits students.

MBA COSTS

Looking at the cost of the MBA program; the size of the university or college, the types of programs it offers, and social activity options. From this, it should not be misconstrued that the education quality of the university, which has a low tuition fee, is also low.

The MBA is usually a high cost program. In the UK, one-year education ranges from 7,500 to 18,000 pounds, which does not include living costs.
In the US, the cost of 8,000 to 43,000 dollars (annual) MBA programs, usually 2 years, is required. The cost of living like the UK is not subject to this charge.

Canada; 8 thousand 35 thousand Canadian Dollars, Australia, 12 thousand - 28 thousand Australian Dollars, in European countries between 8 thousand - 40 thousand euros varies between countries.

MBA admission requirements;

• Bachelor's or Master's degree (usually 2.5 out of 4)
• Professional qualification certificate
• Two reference letters
• TOEFL( at least 213 points)
• An essay describing you and your projects
• For new graduates, an internship is required and for people who work, a job experience for at least 2 years is required.

The MBA can take you a few steps beyond your competitors. It helps you to rise in your current position and get to better positions.