THE RISE OF SPECIALISED


MASTER DEGREES MBA or Masters


Essentially, an MBA is a ‘post- experience’ qualification in general management. An MBA usually requires three or more years of work experience, although it is most common for MBA students to have four to eight years. Executive MBA (EMBA) courses are targeted at those with executive experience, usually ten or more years.


Although some business schools offer specialist MBA courses, the vast majority of MBA courses stress the general nature of education, in order to give students a holistic overview of how businesses work.


Specialised Masters Stats


Between 2005/06 and 2009/10 postgraduate taught student FTE (full- time equivalent) in business subjects has risen from 54,300 to 68,400 (26%). During this time, the FTE of students on an MBA has remained fairly constant so the MBA has fallen as a percentage of business PGT (post graduate taught) provision (22% to 19%). The rise in the overall number has been attributable to an increase in popularity of pre- experience courses, particularly in areas such as finance, accountancy, events management, international business and management. Our in-year surveys show that this trend has continued in recent years, particularly for finance and accountancy. Despite issues with UKBA, the proportion and number of students from outside the EU continues to rise on business PGT programmes, standing at 57% (36,800) of FTE in 2009/10. (Source: HESA)


As a result, an MBA graduate will emerge from their programme with knowledge of several core subjects including marketing, strategy, leadership, entrepreneurship, operations, and human resources.


David Bach, Senior Associate Dean for Executive MBA and Global Programs & Senior Lecturer at Yale School of Management, says that about 25% of MBA class time is devoted to finance and accounting, compared with a Finance MA which consists of 90% finance.


This he says: “trains young professionals in general areas of management and to emphasize personal communication, leadership and management skills that cover all areas.”


Professor Bach explains how MBA courses offer students a very firm grounding in other core skills such as operations, HR and organisational behaviour. This he


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