Students Business Learn Make Specialize Work Mba Money

Many Americans who want to work in business go to "graduate school" (school after one has earned a four-year university degree) to "earn" (work to get) an "MBA," or a Master in Business Administration. Usually MBA students have to take several "core" courses that "cover" (talk about) many areas of business. Then they can choose to "specialize" in a particular area of business, making sure that they have a "deeper" (more thorough) knowledge in that area.

One popular specialization is "finance," where students learn about "investing" a company's money, using money in ways to make more money in the future. Other students specialize in "accounting," learning how companies should "keep track of" their money, knowing where, how, and when it is spent and received.

Another popular specialization is "marketing," which covers ways to make people want to buy a company's products. Other students specialize in "human resources," learning how to help a company hire the best employees and then helping those employees while they work for the company.

Students who specialize in "IT" or "information technology" learn about different types of computers and computer programs that can help businesses work more "efficiently" (getting the best results with minimum money and time). Students who specialize in "project management" learn how to "schedule" projects (making sure that things are finished when they need to be) and "manage budgets" (making sure that the project doesn't cost more than it is supposed to).

Some MBA programs offer specializations in "entrepreneurship," helping students prepare to open their own business. A few MBA programs also have specializations in "nonprofit management," helping students learn how to run non-governmental organizations (NGOs) that try to help poor people, make the natural environment cleaner, or do other good things that don't make much money.