What are the steps to get an MBA 

Is it time to pursue an MBA (Master of Business Administration)? Whether it's to support your career or develop skills as a leader or manager, an MBA can offer opportunities that may not exist for those with only a bachelor’s degree. Let's look at what it takes and what to do next.

What is an MBA? 

An MBA  is a graduate degree that many professionals use to prepare for career growth. The degree program typically emphasizes leadership, management and marketing skills, with courses in MBA programs focusing on critical thinking and effective management practices.

MBAs are valuable credentials that are often helpful to those who want to enhance their knowledge and potential. But what’s the best way to get an MBA, and how long does it take?

1. Earn a bachelor’s degree 

The first step toward an MBA is having an appropriate undergraduate degree. While most MBA programs don’t require a specified field of study for a bachelor's degree, backgrounds in business, finance or economics provide a solid foundation for further study. However, competency-based  MBA programs typically do require a business-related bachelor’s degree.

2. Gain relevant work experience 

Work experience isn’t just a crucial part of MBA admission, but a sign that a student can fully engage with course content. Having at least two to five years of professional experience can help prospective MBA students better understand and interact with an MBA program, but that's not necessarily a requirement unless pursuing a competency-based MBA program. For those who want to pursue a self-driven, competency-based MBA program, that preexisting experience is critical for demonstrating mastery.

3. Prepare for and take the GMAT or GRE 

The next step to get an MBA may be preparation for taking the GMAT or GRE. Preparation and scoring well on these tests can help you assess whether you’re ready for the rigors of a graduate program. Some MBA programs require these test scores for admission, and some don't, so be sure to check admission requirements. 

4. Research MBA programs 

Research potential MBA programs early to understand their requirements and how each program may align with priorities. Consider the following aspects:

• Program curriculum
• Faculty expertise
• Culture
• Location
• Alumni networks
• Career services support

When considering an MBA program within the context of your professional goals, think about whether you are pursuing it to meet a requirement for a specific position or other reasons. Think about whether attending classes in person or an online degree program would make more sense. Finally, decide whether to pursue the degree on a part- or full-time basis.

5. Obtain relevant documents 

What do MBA programs look for?

Depending on the institution, students may likely need to have several items in hand as they apply to MBA programs. These are:

• Official undergraduate transcripts
• Letters of recommendation
•  Application essays
• GMAT or GRE test scores

6. Apply to appropriate MBA programs 

With the required information in hand, it’s time to apply to the MBA program or programs of choice.

7. Choose a school and prepare for enrollment 

After you’ve applied and been accepted to one or more MBA programs, it’s time to decide. Complete the enrollment process at the chosen school and prepare for the experience by speaking with academic counselors.

8. Plan how to balance coursework with existing commitments 

Starting an MBA program is only one step. Whether choosing to go with a traditional MBA, pursue an online degree or tackle a competency-based program, students can benefit from planning for the need to balance schoolwork with existing commitments like work and family. 

How long does it take to get an MBA? 

How long it takes to earn an MBA largely depends on several factors, such as the type of degree. Taking the steps to get an MBA degree typically are up to two years. Competency-based programs can be completed in as little as 12 months. As always, individual experience will depend on the number of classes a student is able to take and how much time they can dedicate to education.

Professionals who want to earn two master’s degrees at once may need more time. The MBA is sometimes combined with other relevant master’s programs for an enhanced experience, such as an MHA/MBA dual degree program. 

Benefits of earning an MBA 

Discovering the potential benefits of earning a graduate degree goes far beyond simply asking what you can do with an MBA . Key advantages for learners include:

• Increased salary potential
• Possible leadership opportunities
• An expanded professional network
• Improved communication skills
• Enhanced professional skills
• Increased credibility among peers and superiors
• Personal growth

Taking the steps to get an MBA isn’t just about making more money or obtaining promotions, though. It’s also an excellent way to experience personal growth and meet new people. An MBA’s profound, far-reaching impact is one of the best investments to make in an education, especially for anyone who wants to become a stronger manager or entrepreneur.