If you are contemplating studying for a Masters of Business Administration (MBA) course but want to know the benefits that come with a general or specialist MBA, we’re here to help. When picking your course, you’ll need to choose whether to study for a general MBA or to go down a more specialised route. The decision you make will entirely depend on your own situation and where you see your career heading. Keep on reading to find out about the differences between general and specialist MBAs, so you can feel confident in knowing what is the best MBA for you.
General MBAs are for those who already possess some business experience and want to take their knowledge to a new level. With a general MBA, you’ll learn the skills and insight needed to lead and manage in business.
Anyone who hasn’t yet decided on the particular industry they want to work in will find a general MBA more suited to them. With a general MBA, the course will focus on developing broad business skills, such as financial management, managing customer value and enhancing business acumen, which can then be transferred across numerous sectors.
During the second year of studies, some universities will allow students to choose their own modules which relate to their particular interests.
If you’re looking to expand your business know-how and get into a senior management position but haven’t yet quite decided where to take your career, a general MBA may be the choice for you.
If you’re looking to hone your skills to fit one specific field, then the chances are you may want to consider studying for a specialist MBA. With a specialist MBA, students will be able to delve deeper into an industry they are proficient in and build upon already-existent skills.
A similar range of subjects taught in the general MBA will also be taught here, but there will be more of an emphasis on learning skills that relate back to your specific industry. Students can garner a clearer understanding of how to use this new-found knowledge within their career.
Employers will look favourably at those who have chosen to specialise in a particular subject, as this shows their determination and passion for the sector and demonstrates they possess the skills necessary to excel in that career.
Ultimately, the choice depends on what you’re looking to get out of your studies and how far ahead you have already mapped out your career.
If you know that you want to work in a particular industry, then a specialist MBA will provide you with the knowledge to manage and lead within that sector. If you’ve not quite decided where you want to be, a general MBA will prepare you with a thorough understanding of the world of business and give you insights you can use throughout your career.
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