Erasmus University Rotterdam School of Management

International Full Time MBA (1 year)

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SPOILED FOR CHOICE: GENERALIST OR SPECIALIST?

The MBA jungle is big. In addition to the classic degree, there are also numerous specializations. But where are the differences?

The number of different MBA programs has grown significantly in recent years. There are now more than 250 programs from over 180 providers in Germany. It is difficult to keep an overview. To search for a suitable business school now the question is: I decide for the generalist or specialized MBA? Both camps have supporters and critics. Therefore, the following applies: Be sure to provide detailed information before studying!

GENERALIST MBA: CROSS-INDUSTRY KNOWLEDGE

The classic MBA was founded in 1902 at Dartmouth College in New Hampshire. Its origin lies in the idea of ​​enabling MBA graduates to pursue a management career. For this purpose, numerous business schools offer generalist training. A broad and extensive knowledge of all areas of management is conveyed there. In various courses, MBA students learn everything about marketing, finance, accounting and human resources. Soft skills such as teamwork, communication and presentation are also on the schedule of future managers in order to prepare them for their work on the executive floor. As a so-called "career enhancer", an MBA degree can help you take on higher management functions.

SPECIALIZED MBA: MANY PROGRAMS

In the course of the international spread of the MBA, more specialized MBA courses have emerged in recent years. They are particularly popular in Germany. In total, more than 40 thematic focuses of the specialized MBA are offered here. For example, an MBA in media management is offered at the Hamburg Media School. Another focus is the MBA in Life Science Management at the Graduate School Rhein-Neckar. Specialized MBA programs are also widespread internationally. Together with the University of St. Gallen and HEC Montreal, Vlerick Leuven offers an MBA that specializes in financial services and insurance. In contrast, you get a Management Consulting MBA at the Toulouse Business School. But there are also exotics among the specialized MBA programs.

EXPERT KNOWLEDGE BY FOCUS

Specialized MBA courses offer different degrees. The key word here is: focus. The content of the course is geared towards a specific focus, such as financial management, controlling, health management or entrepreneurship. Specialized MBA courses offer business schools the opportunity to differentiate themselves from other schools. On the other hand, the MBA students can concentrate on a specific area right from the start. Proponents of the specialized MBA see training as an expert in a defined area.

CONTROVERSY

The emergence of the specialized MBA courses led to a discussion within the business schools. What is the main goal of a classic MBA is missed by a specialized MBA, and vice versa. While some prefer cross-sector knowledge, others rely on special expert knowledge.

RESEARCH PAYS OFF

Specialized or not: There are a few things to consider before the decision is made. The diverse offers have to be carefully studied. There are many MBA programs in particular in health management in Germany, since many medical professionals now want to or must be knowledgeable in economic areas. The starting point for research should be your own professional goals and personal requirements. Where do I see my professional future? Anyone interested in a rare MBA course should find out about career opportunities.

Last but not least: pay attention to the accreditation of the MBA program! Not all MBA courses offered are also recognized. Therefore, caution against incorrect titles is advised. After all, the quality of the course is the basis for a successful career!