What Can You Do With an MBA in New Hampshire
New Hampshire is a small state with a population of about 1,350,000. It has a high number of educated individuals. The US Census reported more than 34% of adults aged 25 or older had an undergraduate degree or higher level of educational attainment. The New Hampshire-based online master of business administration (MBA) is an excellent educational step designed for full-time working professionals seeking to grow within a current career as well as those seeking to establish a knowledge base to support a change in professions.
The New Hampshire economy has strong positions in manufacturing, healthcare, and retailing. Healthcare and retailing have fast growth rates, and manufacturing has a widespread economic impact on the state. These strong economic sectors have high demand for all core MBA skills. An online MBA program offered by a local business school provides advanced qualifications to have successful careers in these industries and in other prominent settings such as education, high technology, insurance, and finance. Don’t miss out on a great way to skip to the head of lines of candidates and gain access to the best professional positions.
Why Consider an Online MBA?
New Hampshire has a large number of corporate headquarters and facilities. The proximity to Boston and New York City is an added plus because of the business, commerce, and financial hubs located in and around those global cities, especially if you choose to take your courses on campus. New Hampshire colleges and universities offer flexible education that suits working students, students with businesses, and those with life and family responsibilities.
When you search for a program, you’ll find that New Hampshire schools have a wide range of tuition costs, scholarships, and financial aid to make education attainable for many households. There are online MBA programs at some of its leading universities including the University of New Hampshire, Plymouth State University, and the University of Southern New Hampshire. Some smaller colleges also offer online MBA degrees including Antioch and New England College. You’ll have plenty of options between business schools when you decide to apply for admission, no matter what your calendar looks like.
Percentage of Students Enrolled By Distance Education
Typical MBA Concentrations
Business schools often offer more than just the main MBA. While this degree can come in handy and is used by leaders many industries, you might want to look for something in your studies that fits more smoothly into your current career and offers development of skills you can learn, master, and use right away. These are called concentrations and some of them include policy management, strategic planning, business analytics, strategy, digital marketing, and more. While an MBA usually takes 18 months to two years, adding a complex specialization or taking the classes part-time can increase that to three or more.
- Healthcare Administration
Healthcare administration is an ideal concentration for New Hampshire students because the biggest employers are in healthcare and the health services sector is a vibrant part of the local economy. Alumni are prepared for mid to senior level leadership positions in hospitals, health insurance systems, and government employment in healthcare administration.
- International Business
International concerns are a leading source of employment in New Hampshire, and some of the best employers are in global trade and commerce. This concentration provides credits in international law and regulations, finance, and marketing and some programs include a visit to a foriegn country.
- Investment and Finance
This is an important concentration for graduates that want a job in finance. This involves work with financial instruments, securities, bonds, derivatives, equity investment, and financial consulting. Within organizations, finance is a critical element in terms of achieving profitability and overall goals.
- Information Technology
IT is a critical element for nearly every modern business. For some types of business, info is their primary asset. Information technology also involves information security, systems that protect privacy, and compliance with rules and regulations for data integrity.
- Human Resource Management
The human resources department is a vital part of nearly every office or other employee-filled environment. Employees and the business’ workforce generate revenues and perform the tasks that comprise the organization’s activities. Human resources involve recruitment, retention, salary administration, and benefits programs. They can also include labor relations.
Accreditation in New Hampshire
There are two types of accreditation. Regional and national accreditations are institution-wide. There is also program specific accreditation, called program accreditation, which is only applied to specific coursework. Regional accreditation is often considered influential because of the focus of the reviewing body, but national accreditation could also help you achieve your goals. Regional or national accreditation gives employers and other educational institutions real proof that the MB program provides high-quality education.
The regional accreditation agency for the State of New Hampshire is the New England Association of Secondary Schools and Colleges. National accreditation agencies for the MBA include the Association to Advance Collegiate Schools of Business(AACSB). This accreditation agency works in more than 50 countries and its broad acceptance adds value to MBA’s from AACSB schools.
Career and Job Outlook for MBA Graduates
|Company||Industry||Headquarters City||Number of Employees|
|Dartmouth Hitchcock Med Cntr healthcare||Lebanon||NH||6,014|
|University System N. Hampshire||Education||Concord, NH||4,743|
|Trustees of Dartmouth Coll.||Education||Hanover, NH||3,500|
Average Degree Salary Ranges Potential
- Earnings with Associates - $50,808
- Earnings with Bachelors - $62,668
- Earnings with MBA - $68,250
Careers for New Hampshire MBA Grads
- Senior Executive
Senior executives occupy high level corporate and organizational positions. They exercise broad authority at the organizational level to move the enterprise towards its overall goals.
- Human Resources Manager
The HR function is a critical element of nearly every organization. This role includes recruiting top talent, keeping key employees, and setting a rewarding salary and benefits structure. HR is a crucial part of day-to-day operations and long-term planning.
- Financial Analyst
Finance includes securities, annuities, mutual funds, derivatives, and other types of investments. Within organizations, finance analysts advise on investment decisions, funding, and budgets.
- Healthcare Analysts
Healthcare is a significant part of the national economy, and it is a critical concern to nearly every organization that has employees. The federal and state governments regulate various parts of the health services industry; analysts must function in an environment that includes insurance, medical services, and public payers.
- Sales and E-commerce Managers
Traditional sales and Internet-based commercial transactions require continuous management, oversight, and highly trained personnel. Sales management includes workforce preparation and training because the output depends on the skills of the sales force and support systems.
- Sustainability and Energy Analysts
Environmental concerns represent corporate citizenship and social responsibility. These concerns, when integrated into essential processes, can save money, conserve resources, and promote overall efficiency. This type of work requires a strong general background in management organization in addition to a depth of understanding in technology and innovation.
Best MBA Programs in New Hampshire
How to Choose & FAQ's
Choosing an MBA program is an important decision for each student. The surface factors are costs, accessibility, and admissions requirements. While the money, time, and effort are quite important, the career implications require a more in-depth look into the selection. An excellent place to begin is to consider the purpose of the MBA education. Students may wish to gain knowledge about business and management. Some students seek to improve an existing career, and some want to get into a new career. In all cases, students should align the purpose and the selection so that the degree will help them reach their goals. The MBA program structure and course content should match the student’s goals as closely as possible.
Consider All Costs of the Online MBA.
The costs of an MBA start with tuition and must include other expenses and related items. The range of tuition varies, with some programs having a per hour cost double that of others. While it may be tempting to look at the price of tuition as a major deciding factor, the value of the degree may depend more on the reputation of the school, the specializations in the curriculum, and the quality and experience of the faculty.
Beyond tuition, online students must pay fees for technical access to the education system. When the program requires on-campus visits and project activities, students may have additional costs for travel and living expenses. Finally, there are costs associated with existing family, business, and personal obligations affected by the time and effort needed for the online MBA. It is important to have time and a schedule that permits full use of the online program and study. Ensuring adequate time may involve costs for things like childcare or other duties that one can no longer perform. It is important to consider all the expected costs.
Financial Aid for Online MBA
The institution may offer some forms of scholarship and other financial aid to online students. Most schools provide need-based and merit type financial assistance to online students in the same ways as on-campus students. Graduate assistant positions and part-time student jobs are the types of financial aid that are typically not available to online students. These types of financial aid opportunities require face-to-face environments and on-campus availability that online students cannot provide.
Many students borrow funds to attend an online MBA, and federal student loan funds can cover tuition and related costs at accredited institutions. The level of debt may be balanced against the anticipated level of income after graduation and career advancement. When considering financial aid, the student should look to their employer, and to any related groups or associations, these include business associations, labor organizations, and scholarships or grants focused on the state, county, city or community of residence.
Pick a Favorable Academic Environment.
Accreditation is essential; it affects the value of an MBA after graduation. There are leading and widely accepted program accreditation agencies such as the AACSB, ACBSP, the Higher Learning Commission, and the regional accreditation agency for New Hampshire, the New England Association of Schools and Colleges. Students should examine the graduation rate, the average level of student debt, and the average time required to complete the degree. These are relevant factors that reflect the real-world experience of members of the student body.
The subjective surveys on student satisfaction can also provide some relevant insights. However, remember that the student outcome data and student satisfaction surveys do not predict the results for each potential applicant. These data can provide a basis to ask questions and look further into one or more aspects of the student experience. Some students enjoy an intensely competitive atmosphere, while other students may seek a calm, supportive approach filled with opportunities for team activities.
- Employer Support for the Online MBA
The ability to continue working or running a business is a significant advantage of the online MBA. Students that have jobs should make an early inquiry with their employer to determine the availability of financial assistance. Some employers encourage employees to pursue higher education by reimbursing for tuition, books, and expenses in whole or in part. Many progressive employers recognize the value that an MBA degree adds to their organization’s workforce. The US tax code offers advantages to employers that help pay the costs of education. The MBA may be particularly valuable when the degree or concentration is in the employer’s line of business. Beyond tuition reimbursement, some employers offer grants, scholarships, and loan programs. A further significant contribution may come in the form of work time and flexibility. Online students may benefit from schedule arrangements and some flexible leave to accommodate tests and on-campus requirements.
- Opportunities to Work in Your Field
Most programs require some type of thesis, project, or special activity to cap the MBA curriculum. During the term of the MBA, many schools encourage or provide opportunities for internships. Students that have a firm idea of the field they want to work in can use the course of study to engage their field. Internships, work-study opportunities, and other hands-on type projects can put the student into a real-world environment in their field of choice. Opportunities to work in a field can advance a particular career path; real-world experience also adds to the student’s qualifications. Whether in the area of choice or some other field, a hands-on or real-world activity creates advantages and opportunities to improve a career.