Looking For Dual MBA Degrees at Chicago Booth
As a prospective or current MBA student, you probably already know that an MBA education provides a broad overview of the business and leadership skills you will need to excel in your chosen field. And if you haven’t chosen your field yet? Even better. Since an MBA focuses on a more general business education, it’s not required that your future be perfectly planned in advance and provides more opportunities for changing careers if need be.
Yet, many students enter their advanced education with a clear picture of what the future holds. For such graduates, joint degree programs offer the chance to pair a broad MBA education with a specialized degree more tailored to their chosen field.
While many school’s in metros across the country offer dual MBA degrees, not every program may be exactly what you’re looking for. In MetroMBA’s newest series, we will be exploring the joint degree programs available at business schools throughout the country.
If you are interested in pursuing an MBA at the Booth School of Business – The University of Chicago, but are looking for a more specialized business education, below you can explore the school’s joint degree offerings.
Joint Professional Degree
Students who choose to pursue a dual MBA degrees have the opportunity to enroll simultaneously in Chicago Booth and one of several other University of Chicago graduate schools. Within the same period, students could earn both an MBA and a professional degree in law (JD from the University of Chicago Law School), public policy (MPP from the Harris School of Public Policy), medicine (MD from the Pritzker School of Medicine), social services administration (MA from the School of Social Service Administration) or Computer Science (MPCS from the Department of Computer Science).
Students currently enrolled at the University of Chicago, who choose to enroll in a joint degree program, have the opportunity to include up to three among their courses before officially enrolling at the school.
MBA/MA in International Relations
The joint MBA and MA in International Relations allows students to focus their degree within the study of “the role of ideas, interests and power in shaping international relations.”
Students in the program must complete coursework in both business and interdisciplinary courses in international relations, with the requirement of completing an integrated master’s thesis customized to each student’s interests and goals.
Courses required by the business school are: Leadership Effectiveness and Development; Business Foundations; Functions, Management, and Business Environment; Business Electives. Students must also take two international relations courses, each in three of these four subfields: International Relations Theory and International History; International Political Economy and Development; Regional Studies and Nationalism; International Law, Human Rights and Environmental Studies. Students must also choose one additional internal relations course and two electives.
MBA and Master’s Degree in Area Studies
Chicago Booth offers students the chance to earn an international dual MBA degrees in area studies. This will allow students to focus and expand their knowledge of a specific geographic area, including: Latin America and the Caribbean, the Middle East, Eastern Europe/Russia or South Asia.
The joint MBA/AM Program is a perfect choice for students whose future career will require a focused knowledge of international issues coupled with a full set of international business skills. Program requirements include fluency in a regional language along with a master’s thesis, which can typically take two and a half to three years for completion.
Certificate in Health Administration and Policy
Students looking to focus their business education in the healthcare field may opt for Chicago Booth’s joint MBA and Certificate in Health Administration Studies. Students in the program will not only earn the general business and leadership skills that come with an MBA, but will also receive top-notch training in “the vision and judgment needed to face the financial demands, as well as various economic, ethical and social issues of the health care field.”
Students who aim to enter this program must first be accepted to Chicago Booth and then apply to the Graduate Program in Health Administration and Policy.
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Inside the FinTech Industry
Finance has always been one of the hottest MBA industries. In fact, at many top schools such as the Booth School of Business and NYU Stern, over 30 percent of MBA graduates go into the financial industry each year. Why? Because it’s lucrative—the average Finance MBA earns $121,000 a year compared to $104,000 for other specialties—and well respected. However, until now, one thing that an MBA in finance did not offer was innovation.
The finance industry is one of the oldest and most prestigious industries around. It’s built on a foundation of history and careful research; after all, no company wants a CFO who makes decisions based on gut instinct. But, recently, a new side of the financial services industry has started to gain traction: FinTech. Continue reading…
International Students Wary Of Potential Immigration Changes
As the wake of the recent presidential election begins to settle, among the first effects has been a possible trajectory change where international students pursue an MBA.
The Financial Times recently followed the story of Amrita Dwivedi, a marketing executive from New Delhi who has worked with Google and Deloitte. Prior to last Tuesday, Nov. 8, 2016, Dwivedi was considered several standout U.S. business schools. After the results, however, they’re rescinding those suggestions, instead opting to focus on the London Business School and Insead to pursue their MBA.
“I want to be able to work in the country where I study after graduation,” they said in an interview with FT reporter Jonathan Moules. “So it is important to be in a place that is immigrant-friendly.”
Even in Europe, however, those options may also soon become limited. Just months after Great Britain opted to leave the European Union, new Prime Minister Theresa May has already gone on record saying that the number of student immigrant visas will likely be reduced. This could also potentially impact Dwivedi’s final decision.
The potential changes come after a wave of international students joined U.S. business schools with a record number of applications at many institutions, including at Michigan Ross.
Ross’ recently hired dean Scott DeRue shared some similar concerns over what could come during a Donald Trump presidency, as the new president-elect has gone on record multiple times against many immigration policies.
“I understand and empathise with those concerns but let’s remember that most presidents campaign in poetry and govern in prose,” DeRue says.
“If there was a restriction on visas to students that would clearly be somewhat harmful to us,” adds Chicago Booth School of Business dean Douglas Skinner. Booth has seen a precipitous rise in applicants in recent years, including a double-digit percentage increase in 2016. However, Skinner notes that nearly a third of students at Booth are from overseas—a figure that’s actually lower than many other business schools across the U.S.
Shading optimism, Skinner also notes that there’s a significant chance that domestic applicants may rise in the wake of policy changes. That, and the fact that Booth has been through some tough times before.
“We have been around since 1898, and the school has survived lots of ups and downs in the economy during that time,” he says.
Global Private Equity Challenge: Oxford Saïd vs Chicago Booth
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UIC School of Business IDS Seminar Series With Matthew Taddy
On Friday, December 4 from 1:45PM – 3:45PM, Matthew Taddy, an associate professor of Econometrics and Statistics at Chicago Booth, will speak at the UIC School of Business. Taddy’s appearance comes as part of the school’s Information and Decision Sciences (IDS) Seminar Series, where each week, IDS faculty from across the nation bring their latest research to faculty, staff and students. Continue reading…
