A Master of Business Administration (MBA) is one of the most recognised postgraduate qualifications in business and management. MBA programmes are designed to develop leadership, strategic thinking and management skills while providing exposure to a broad range of business disciplines.
Professionals pursue MBAs for many reasons, including career progression, higher salaries, entrepreneurial ambitions, career changes and the opportunity to acquire new skills and perspectives. However, MBA programmes differ significantly in format, duration, cost and specialisation, making it important to understand the available options before applying.
The infographic below provides an overview of what an MBA is, why people pursue one, the different programme formats available and the main criteria that can be used when selecting a programme.
Key Findings
- MBA programmes typically combine core management subjects with leadership and soft-skill development.
- Common motivations include career advancement, higher salaries, entrepreneurship and career transitions.
- Programmes are available in full-time, part-time, online and hybrid formats.
- MBA studies generally take between one and three years to complete.
- Tuition fees for leading programmes can range from approximately CHF 60,000 to more than CHF 120,000.
- Important selection criteria include programme reputation, rankings, specialisation, location, cost and delivery format.
Education, career development and lifelong learning play an important role in employability and professional growth, themes that are explored throughout Making Sense of My Unemployment.
From: Making Sense of My Unemployment (M.G. Ramirez-Ocando). Chapter 2: The education system and the value of (post)graduate degrees
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