By Jeanette Purcell, Chief Executive, Association of MBAS
THE increasing number of students graduating from UK universities with a first degree has had a noticeable impact on the market for postgraduate education.
This is particularly true in the field of business and management.
After three or four years study at bachelors level, some students decide they need a more advanced qualification to give them the edge over thousands of bachelors graduates looking for jobs.
Others see postg raduate management education as a means of improving their employability in the business world.
There is a wide and potentially confusing choice of masters qualifications offered by business schools. The Masters in Business Administration (MBA), widely recognised as the premier global business qualification, is designed for individuals with at least three years' relevant experience in management who aspi re to leadership roles in business.
Specialist Masters in Management, covering a range of disciplines from finance to real estate, appeal to those who are seeking a specific career change, or who are committed to specialising in a particular field of business.
The Masters in Business and Management (MBM) is a general management qualification which does not require students to have prior work experience. It is a good option for non-business graduates who are seeking a conversion path into business management.
The purpose of the MBM - sometimes referred to as the MSc or MA in Management - develops at an advanced level a student's knowledge of organisations, management and the business environment.
The programme will cover all the core aspects of business, such as finance, accounting, marketing, strategy and human resources.
The course is designed to develop an individual's ability to apply their knowledge to complex business issues and to build their understanding of good management practice.
The value of graduates who have completed a Masters in Business and Management is increasingly recognised by employers. They can be confident that MBM graduates have a good general understanding of organisations, can problem solve and analyse business situations.
Completion of the masters is also a good indication to an employer that you are committed to your own personal and professional development and are likely to respond to further training.
Most MBMs in the UK will be one-year, full-time although there are part-time courses on offer. Fees range from £3,000 to £6,000 a year.
If you are interested in experiencing study in a nother country you should also consider the MBMs on offer in Europe, where the qualification is also gaining in popularity.
The Association of MBAs accredits Masters in Business and Management programmes at business schools with an accredited MBA, so look for an accredited programme as an assurance of quality and value for money. You can find out more information and meet the schools directly at our Accredited MBA Fair on October 18, 2008, at Thistle Hotel Marble Arch, London. Check www.mbaworld.com for details.
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