A MBA is one of the most coveted degrees in the world due to the immense job opportunities that open up for an MBA graduate. There are a variety of MBA programs that aspirants can choose from, including different specialisations and even a dual MBA degree! A dual MBA degree offers you a chance to simultaneously acquire two masters level degrees in your chosen areas of study. Want to know more about dual MBA degrees and the benefits of pursuing it? Take a look at this blog!
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What is a Dual MBA Degree
A dual MBA involves combining a Master’s in Business Administration degree with an additional master’s level degree in order to enhance the profile of a graduate student with more expertise and skill set in a particular area of interest. Also, it restructures two-degree programs together while concentrating on two areas of study, hence cutting down on both time and costs. In a dual MBA program, a student can complete two masters degrees within a shorter duration when compared to pursuing both the degrees separately, due to the fact that core courses in one of the degree programs can actually double in the form of electives in another. Students, who grab such opportunities in the right manner, may choose to attend a business school that conducts both the programs of their choice with excellent academic quality, at a fast pace. Irrespective of what path a graduate school student follows, attaining a dual MBA is recommended when a student wants to create an outstanding profile for herself/himself.
Dual MBA Degree: Specialisations
Now that you know What a dual MBA degree is, the next very important task is to choose an area of specialization that would be worthwhile i.e. an area that would have the most positive impact in terms of your career growth. The job market today is highly competitive, hence with such high competition, one needs to outshine others and showcase such competencies which others might lack. Highly rated areas of specialization for MBA include Marketing, Finance, Human Resources, International Business, Information Technology, Entrepreneurship etc. In addition while choosing the second program of study in the dual MBA program, it is necessary to choose a degree that would provide you with more job prospects after graduation.
Also Read: MBA in Information Technology
You can opt to choose almost any master’s program with your MBA degree to broaden your reach and expand your knowledge base. Your choice of the second degree should be based on the future career path chosen by you. For example, a graduate who is planning to become an entrepreneur would do well with choosing a specialization in Entrepreneurship for the second combination, while a student with an interest in Information Technology should go in for a second degree in the same field. This is a matter of individual preference and the decision should be based on what would be the most effective when it comes to acquiring the job of choice.
Interestingly, in addition to a Masters in Business Administration, students can choose a Juris Doctor (J.D.), a professional doctorate in law, a Master in Science, or a Master in Arts or any other commercial yet favorite specializations. Other Master’s level programs that can be combined with an MBA include an MS in Journalism, Doctor of Medicine, Master of Public Health, an MS in Education and various others. Post this hectic and rigorous program, students will actually hold two master’s degrees that are related to the field of business, providing them with an advantage over other candidates.
Why Opt for a Dual MBA?
A dual MBA degree comes with many additional benefits when compared to getting both degrees separately or getting only a MBA degree. Let’s look at some of these benefits that make a dual MBA the go-to degree in the present times:
More Qualifications in a Shorter Duration
A dual MBA degree allows you to attain two degrees in a much shorter timeframe than would have been required if you had pursued them separately. For example, if you pursue your master’s degree first and then go on to get an MBA degree, the total time you would require to get both the qualifications would be (2+2) 4 years. On the other hand, if you opt for a dual MBA program, you can acquire both the degrees in 3 years, thus saving you both time and money, while providing the same qualifications.
Increased Knowledge and Expertise
Getting a dual MBA degree makes you highly qualified in your area of specialisation, in addition to attaining the managerial and leadership skills that are an essential part of any MBA course. It equips you with all the necessary skills required for attaining a higher management level post after completing your degree. You also possess a more varied skill set than any regular MBA graduate.
Also Read: MBA Subjects
Greater Networking Opportunities
A dual MBA degree makes it easier to engage in networking while studying, doing internships and also while appearing for interviews. It is necessary to communicate with the right people to build up connections that could help in your career. The business world being fast paced, it pays well to be acquainted with the right people at the right time.
More Job Opportunities
A dual MBA degree gives you more choices when it comes to being eligible for a position. You become better equipped to enter the job market and take up varied roles in different sectors. You can not only take up jobs in the business and management sector, but also be eligible for jobs in the fields related to your second degree specialisation as well.
Job Security in Uncertain Times
A dual MBA degree makes you eligible for a range of different jobs by providing you an option of acquiring a broader selection of skills and specializations, thereby decreasing the chances of you being without a job. This is especially important at a time when the economy is more unpredictable than ever, thus providing protection against job cuts and the possibility of a recession.
Also Read: Best MBA Colleges in World
Hope you found this blog on what is a dual MBA degree useful. Attaining a dual MBA puts graduate students on the fast track to rank high on the corporate ladder. For anyone who wants to make their presence known in the world of business, having a dual MBA is the key to success. Do you want to pursue a dual MBA degree but are unsure about the choices? Reach out to our experts at Leverage Edu who can help you in not only selecting the most suitable specialisations as per your career goals, but also in choosing the best universities for the course. Sign up for a free session today!