3 Types Of Business Master's Degrees To Advance Your Career

If you have completed your bachelor's degree, and you are interested in pursuing your master's degree, one of the most popular master's degree field is business. If you are interested in obtaining a Master of Business degree, it is important to realize that there is more than one type of Masters in Business degrees that you can obtain.

Degree #1: Master of Business Administration

When people talk about getting a Master's in Business, oftentimes, they are talking about getting a Master of Business Administration, also known as an MBA. MBAs are popular because they teach you skills that can be applied to many different business fields.

You will learn about how to lead a team and an organization, as leadership is an important part of the business field. You will learn about different styles and ways of communicating with others. You will learn about how to make smart business decisions.

These are very broad skills that can help almost anyone succeed in their field, which is why this is a popular type of professional business degree. This degree only takes two years to obtain, and many people will choose a specialization that aligns more closely with their professional interests.

Degree #2: Master of Management

A master's in management, or MIM, is only a one-year master's program. This type of degree is often obtained by people who are already advancing within their careers. Master's in Management programs get more into the nitty-gritty of what being a manager is about, whereas a Master of Business Administration gives more of a brief overview of what it means to be a leader.

With a Master's in Management, you will learn and explore how to make ethical decisions. You will learn about corporate culture, from business law to corporate crimes. You will learn about a wide range of topics, from marketing to human resources, to how to run your own business.

Degree #3: Master of Accountancy

Many people see a Master of Accountancy as a business style degree, although you generally need an undergraduate degree in accounting to pursue this master's program. With a MAcc, you will learn about the advanced business side of accounting, such as risk management, corporate tax structure, and auditing. This is information that applies to all types of businesses, thus why it is considered an applicable master's degree for someone who wants to succeed in business.

If you want to advance your career, consider getting a Master's degree in Business Administration, Management, or Accountancy. These three degrees will help you succeed in the business field. Contact a business school to learn more.