An MBA can be a powerful credential that helps business leaders gain the knowledge and skills necessary to make an impact in the world of commerce. But before deciding to pursue an MBA, it’s important for prospective students to weigh the pros and cons of this degree against their specific career goals.

The first thing to remember about an MBA is that it’s not an entry-level business qualification, but a graduate-level credential that typically requires three years of work experience and a minimum of a bachelor’s degree at 2:1 or higher. The GMAT (graduate management admissions test) is also required for most MBA programs.

MBA graduates often find that their degree can open doors to new and different positions within their current companies or even in other industries. But the degree is also valuable for those who want to start their own business, as the curriculum teaches them how to think about and manage a company from an entrepreneurial perspective.

Many MBA programs have a global focus, and many offer accelerated programs that condense two years into one year for those who are interested in a faster track. These programs require a high level of commitment and sacrifice, as the curriculum must be more intensive, and there’s less time to rest and relax.

On-campus MBA programs typically provide a more traditional learning experience, and students attend classes on campus in person on a set schedule. These programs provide the opportunity to build connections with other students and professors, but they may be more expensive than their online counterparts. mba