Every newly established workplace or company possesses the characteristics of a business enterprise. Therefore, it is essential not only for company owners and managers but also for professionals working in fields that require business knowledge—such as accounting, marketing, research, and production—to be equipped with managerial skills. This contributes significantly to the effective and successful management of organizations.
This reality has increased the need for individuals holding a bachelor’s degree in business administration to further develop the knowledge gained during their undergraduate education at a more advanced and specialized level, as well as to apply their expertise in a multifaceted way. Moreover, individuals who do not have a background in business but are specialized in other professional fields can also benefit from pursuing a master’s degree in business administration. Through such programs, they can fill gaps in their knowledge, analyze situations from a business perspective, develop forward-looking insights, and—most importantly—make rational business decisions.
In addition, for those who wish to advance academically and pursue a scientific career in the field of business, a master’s degree is an indispensable step. Considering all these factors together, there are strong reasons highlighting the importance of graduate education in business administration in the 21st century. Accordingly, master’s programs have been designed and updated to meet both professional and academic goals.