All about MBA in Marketing | Universities, requirements, more!
Last Updated on October 27, 2020 by iSchoolConnect
Curious to see if an MBA in Marketing is a good fit for you? In this blog, read all about the best universities for a Marketing MBA, course requirements, Marketing MBA salaries, job options, and more. Read on to find out!
The MBA program is a fulfilling process that can help you gain great experience in business. The program is designed to help students learn everything they need to know in order to run their own business. MBA stands for a Master of Business Administration, and a full-time program is usually around two years. Some of the most popular MBA programs are Finance, International Business, Economics, Supply chain, and of course, an MBA in Marketing.
Should you pursue an MBA in Marketing Abroad?
Curious to see if an MBA in Marketing is a good fit for you? There are many different aspects that need to be considered before deciding what you want to study and your career goals. Therefore, before you finalize your MBA specialization, ask yourself questions like: Are you interested in the MBA curriculum? What are your thoughts about the universities for an MBA in Marketing? Do you want to know the best countries for an MBA in Marketing? This article will help you decide if studying marketing abroad is the right for you.
What are the requirements for getting your MBA in marketing?
In order to pursue your MBA in marketing abroad, students need to meet certain requirements. For most universities worldwide, some of these requirements include:
- A bachelor’s degree
- A GPA of 3.0 or higher
- A GMAT score of 600 or higher
- 2+ years of field experience
- Letters of recommendation
- Personal statement
What is an MBA and what are the different types?
In general, an MBA can consist of many different programs. There is a 1-year, 2-year, executive, and part-time MBA program in which you can participate in.
The most common program is the 2-year full time MBA program which lasts 4 semesters. Around 60% of 2-year students applying for an MBA have 3 or more years of work experience. This program allows you to have an exceptional business school experience and access to a great amount of resources like career and networking opportunities.
The 1-year program is completed within 11 to 16 months. The applicants for the 1-year program are hoping to advance their career while earning their degree in a short time span. This program is fast-paced and intense as it fits the MBA into one year.
The executive MBA program is usually completed in around two years, and the classes will meet on Fridays and Saturdays, alternating weekends. This program is perfect for people who have other jobs, but also want to further their career in business as well.
A part-time MBA allows students to have a flexible schedule without slowing down their career. The classes are taught outside of normal business hours, and you have the freedom to choose how many and which classes you take. This program will usually take around four to five years to complete. As you can tell, there are many different options when it comes to choosing which program to study. If you are unsure what suits you best, continue to do more research and figure out which program fits in your time and schedule.
What can I expect from an MBA in marketing abroad?
The core of marketing is about identifying a certain customer’s needs and finding a creative way to fulfill that need. If you choose to study an MBA in Marketing abroad you should expect to learn through experiential learning, as well as ending with a capstone. The words sound so confusing, don’t they? Let me explain.
Experiential learning includes real-world learning experiences like internships and labs. These programs will help students learn on their own, and give them more experience in the real world with business.
A capstone is the final project or course that students take, during their MBA, before they graduate. The capstone is created to allow students to demonstrate all the skills they learned throughout their MBA. Some classes you could potentially take during your MBA are digital commerce, consumer behavior, social media marketing, and market forecasting.
Where is the best place to get your MBA in Marketing?
What are the top universities for an MBA in Marketing?
The top universities for a two-year full time MBA in marketing are located in the United States. The top university for marketing is the Stanford Graduate School of Business. Stanford is an extremely selective and respected research university. It is located in California, and they offer full time, two-year, and joint MBA programs.
The average GMAT score for Stanford is 732, and the fee to attend is around $110,000-$120,0000. The first year of the program focuses on general management classes like ethics in management, leadership labs and managerial skill labs to help students learn a basic understanding of management, marketing, and business.
During the second year, students are given the ability to adjust the program to their interests, as well as adding on courses at other schools within Stanford. As well as the many classes and labs you will take for the MBA, students also are required to participate in the Global Experience Program. This program offers many different experiences to choose from. One experience is the Global Management Immersion Experience which allows students to spend four weeks abroad during the summer to work on projects in a variety of industries including consumer products to media. Another experience involves group study trips that involve studying certain issues and experiences through internships abroad and study courses.
Another top university for a two-year full time MBA in marketing abroad is the Kellogg School of Management at Northwestern University. The Kellogg school is a renowned business school that allows students to thrive and become strong leaders in the business world. It is located in Evanston, Illinois, and they offer a full-time, one-year and joint degree programs.
The average GMAT score is 732, and the fee to attend is around $70,000-$80,000. The average class size is around 500 students and 92% of students who receive their MBA from the Kellogg School are employed within the first three months of graduating.
Some other universities include:
- UCLA Anderson School of Management
- ESADE Ramon Llull University
- Harvard Business School
- IE Business School
- Kelley School of Business, Indiana University
- Michigan Ross School of Business
- F.W. Olin Graduate School of Business, Babson College
- SDA Bocconi
What are the different jobs I can get?
Technology is an integral part of our lives, and will continue to be important in our everyday lives and careers. With this technology increase, the way businesses are running is starting to change. Marketing is now online and digital, with many businesses having their own marketing team that focuses and studies the different aspects of that specific business. The amount of jobs you can receive with an MBA in Marketing are endless. Here are the top 10 jobs you can pursue after a Marketing MBA:
- Marketing Manager
- Market Research Director
- Financial Manager
- Public Relations Specialist
- Sales Manager
- Medical Manager
- Market Research Analyst
- Database Administrator
- Advertising Manager
- General Management
You can get a job in marketing, general management, and administration with an MBA in Marketing, rather than a masters in Marketing. Some of the most popular jobs are in the technology, healthcare, digital media, and entertainment industries. The places with the most marketing jobs in the United States are California, Illinois, New York, Massachusetts, and New Jersey. The Bureau of Labor Statistics projects that a number of marketing jobs are going to increase between 2016 and 2026.
What is the standard range of Marketing MBA salaries?
Marketing MBA salaries differ between the jobs that are available and received. The average Marketing MBA salary is around $93,000 per year. A Marketing Manager receives around $63,000 per year, a Marketing Director receives around $84,000 a year, and a Chief Marketing Officer receives around $169,000 a year.
Overall, studying an MBA in Marketing abroad can allow you to learn not only specifically about marketing, but about general business as well. It also gives you the opportunity to learn about business and marketing from some of the top universities for an MBA in marketing. Graduates with an MBA degree from a high-quality business school can become very successful in multiple business industries.
For further information about admission in overseas educational programs, take a look at these blogs that tell you all about choosing the right university, managing your finances, your tests and their preparations and more! For any other higher-ed related queries, you can visit our website.