Students who earn a Master of Business Administration (MBA) at Florida Tech equip themselves with the knowledge necessary for real-world business environments. The Nathan M. Bisk College of Business values innovation, diversity, ethics and leadership as the cornerstones of a 21st century business education. Students know the value of an MBA at Florida Tech because it prepares them for success.
Florida Tech MBA graduates have competency in accounting, economics, finance, marketing and organizational behavior, as well as expertise on the inter-relatedness of business functions with executive decision-making and corporate leadership.
Graduate students see the value of an MBA as they interact with business leaders and successful entrepreneurs through class lectures, mentoring and public talks, learning first-hand about the diversity of job opportunities and salary potential available in the global environment.
The value of an MBA is also seen in the specializations available to students, who can choose any number of business disciplines or industries in which to concentrate. An MBA degree is often required for corporate advancement and it also strengthens the skills and leadership of students interested in entrepreneurship.
The value of an MBA at Florida Tech is the environment and culture students enjoy. Faculty, business leaders and experienced entrepreneurs strengthen students' entrepreneurial spirit and foster creativity, innovation, teamwork and leadership through community service and social corporate responsibility.
In addition, students are challenged to solve complex problems spanning multiple business disciplines and tackle real-world issues on a global scale. Florida Tech professors utilize best practices from today's corporate environment, involve students in personal research projects and encourage students to participate in an ethics and leadership conference, further illustrating the value of an MBA degree at Florida Tech.
The Center for Entrepreneurship and New Business Development pushes the boundaries of entre-preneurial education, innovation and research in pursuit of new venture creation, sustainability, social value creation and more.
MBA students also hone their business plan, practice their pitch and launch a business vetted by a faculty member while being mentored by industry experts through the Student Business Incubator. Plus, select students gain consulting experience by engaging in a semester-long project involving market research, analysis and customer discovery for real clients. This is a huge opportunity for students to study in the field, providing another value of the MBA at Florida Tech.
Hands-on experience plays a huge role in an MBA education at Florida Tech. Coursework involves researching solutions, solving complex problems, and applying critical thinking in areas such as business proposals, marketing plans and financial reports. Each graduate student is required to complete a capstone strategy course that requires industry and company research. Students also gain further experience in internships.
The Nathan M. Bisk College of Business is an accredited member of IACBE (International Assembly for Collegiate Business Education). IACBE is the leading outcomes-based, professional accreditation agency for business education at universities that have as a primary purpose excellence in teaching and learning. To date, IACBE has accredited approximately 1,000 business and related programs both nationally and internationally.
Innovation, diversity, ethics and leadership – these IDEAL tenants are the driving force behind everything we do at Florida Tech in the MBA degree program. MBA students are often recognized on the national stage, including such prestigious awards as the Financial Executive International Medallion for Distinguished Scholar, and a second place prize in the 2012 America's National Gas Alliance Collegiate Energy Challenge for an integrated marketing campaign.
In addition to their doctoral degrees and extensive teaching experience, the Florida Tech MBA degree program faculty brings wide-ranging experience to the classroom from multiple industries and positions, including project management, consulting, engineering, investing and marketing.
Many faculty members have an entrepreneurial background, actively engaged in the community serving as consultants and advisory board members. The faculty also plays a vital role in the vision of the Nathan M. Bisk College of Business, focusing on "excellence in educating future entrepreneurial leaders."
Students earning an MBA degree find a learning culture that supports individual creativity, leadership and team building, while fostering ethical decision-making and diversity. Florida Tech students are a diverse mix of full-time workers in the local area and students from around the globe seeking to obtain higher-level management skills. The university encourages innovative thinking and exploration with many opportunities to work alongside business leaders and entrepreneurs through the Visiting Executive and Entrepreneur Programs that include lectures, mentoring and public talks.
MBA degree program opportunities afforded to Florida Tech students also include:
Completing a Major Field Practicum experience is one facet of an MBA degree program. Florida Tech's Student Business Incubator – a living, breathing center for new venture creation – combines curriculum, facilities and expertise to fully immerse students in a semester-long Lean Startup approach to venture development.
What better place to get an MBA degree than on Florida's Space Coast? Year-round warm weather, close proximity to beautiful Atlantic Ocean beaches, NASA Kennedy Space Center, the Indian River Lagoon, Port Canaveral, Sebastian Inlet and a wealth of entertainment in Orlando make Florida Tech the college of choice. The university offers a wealth of student organizations, intramural sports, a new football team, Greek life, a local chapter of Delta Mu Delta International Honor Society in Business, and a chapter of the honor society Phi Kappa Phi. Florida Tech is just minutes from the airport and highway travel.
MBA students gain hands-on experience in coursework that involves researching solutions, solving complex problems and applying critical thinking in areas such as business proposals, marketing plans, and financial reports. But students also learn about their chosen field through MBA internships and faculty-led research projects.
Earning course credit, students work as management consultants with local companies for a semester-long engagement conducting market research, analysis and customer discovery. This greatly benefits the business and the student is able to work on advanced projects such as assisting a company to commercialize a technology or work directly with engineers to develop cost projections on design changes. Florida Tech students have often secured jobs with the company once projects like these are completed and they've demonstrated their skills and acumen to the company executives.
Visiting Executive Program - Through the Visiting Executive Program, students expand on the experience of MBA internships with an opportunity to interact with business leaders and successful entrepreneurs. Through class lecture, mentoring and public talks, students gain first-hand knowledge of how to become effective leaders. Florida Tech students have heard from speakers such as Dick Beeson, CEO of Colgate; Thomas Folliard, Jr., CEO of CarMax and Florida Tech alumnus; and Debbie Harvey, COO of Ron John Surf Shops.
Capstone Strategy Course - In addition to MBA internships, Florida Tech business administration students take part in a comprehensive capstone strategy course that requires industry and company research. Working with faculty mentors, students link academics and business practices in the workplace through presentations and publications.
Student Business Incubator - Students who showcase innovative business ideas may access the Student Business Incubator at the Nathan M. Bisk College of Business. This program provides necessary resources and guidance to nurture student business ideas into real business ventures.
Outside of research and MBA internships, conferences and competitions gives students another way to gain real-world skills. This includes:
Florida Tech has demonstrated much success at these events:
Research, MBA internships and competitions allow business administration majors gain relevant experience and make connections with potential future employers.
Clubs and organizations give students another outlet to enhance their experience in graduate school. Phi Kappa Phi and Delta Mu Delta, both national honor societies, forge connections between business students and seek to recognize academic excellence. Other clubs include Florida International Talkers and Toastmaster's Club, Student Investment Club, The National Society of Leadership and Success and many other unique organizations.
By creating networking opportunities for MBA students, as well as management internships, these clubs and organizations give students opportunities to create life-long networks with like-minded individuals.
Students who graduate with a master's degree in business administration from Florida Tech are likely to find careers in executive leadership roles in management, business, finance, economics or marketing. Armed with a foundation centered on innovation, diversity, ethics and leadership, graduates are prepared for executive-level decision-making and corporate leadership.
MBA careers are so varied that they exist with private businesses, not-for-profit organizations, governmental and regulatory agencies and sports organizations. Whether graduates serve as a director for a non-profit corporation, business analyst, finance director, CFO or run their own company, MBA careers cover a broad spectrum of employment opportunities.
The Occupational Outlook Handbook, published by the United States Department of Labor, Bureau of Labor Statistics (BLS), provides detailed information about hundreds of occupations, including, entry-level education, overall working environment and employment prospects.
According to the Bureau, employment in business administration is expected to grow about as fast as the average of other occupations in the marketplace. Employment of top executives is projected to grow 11 percent from 2012 to 2022, as more new organizations are being formed and expansion of existing companies demands more management and executive leadership.
Employment of financial management is projected to grow nine percent, while market research analysts is projected to grow an astounding 32 percent as more and more companies need information on consumer behavior, market strategies and global expansion. Check the handbook on this and many similar career options.
Salaries for MBA careers will vary for each industry, company or job. We can examine entry-level salaries for the different career segments an MBA graduate might be interested in to learn the salary potential in that job. Payscale.com is an online salary information company that helps people obtain accurate real-time information on job market compensation.
Top executives are among the highest paid workers in the United States, according to the Occupational Outlook Handbook, with median salaries at $168,140, but salaries vary widely depending on duties, experience and location.