Master Of Business Administration - MBA

What is a 'Master Of Business Administration - MBA'

A master of business administration (MBA) is a graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus, such as accounting, finance or marketing.

An MBA is a level up from an undergraduate business degree. An MBA generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria.

BREAKING DOWN 'Master Of Business Administration - MBA'

MBA programs typically include core classes in accounting, management, finance, marketing and business law. Management training is at the heart of any MBA curriculum, with a focus on leadership, planning, business strategy, organizational behavior, and the more human sides of running a large or small business. Increasingly, MBA programs are broadening their focus to include training in international business and to focus on the responsibilities and corporate accountability of businesses within their communities.

The MBA degree is seen as absolutely essential to enter certain fields, including investment banking, hedge fund and private equity firms, and strategic planning. Other financial services fields, however, may no longer consider an MBA an entry-level degree to get started.

Specialized MBA Programs

While MBA candidates can focus on one of the core disciplines of the degree, such as management or finance, many MBA programs allow students to develop concentrations in specific industries. For example, an MBA student might specialize in sports management, entrepreneurship, the entertainment business or health care management. Even within a management specialty, MBA degrees can allow a concentration on information technology, hospitality, education or criminal justice. Some MBA programs team up with various professional health care programs, such as nursing schools, to offer joint degrees.

Specialized MBA programs are also available for students whose lives and careers don't permit them to attend school full time. Executive MBA programs are designed for working professionals hoping to add to their credentials and qualifications. These courses of study typically schedule classes for nights and weekends, sometimes also requiring short residencies of intensive coursework. Executive MBA programs are typically only open to candidates who already have substantial professional experience, and they therefore tend to focus on more advanced topics such as leadership development.

RELATED TERMS
  1. Mays Business School - Texas A&M ...

    The business school of Texas A&M University. The Mays Business ...
  2. MBA Purchase Index

    The Mortgage Bankers Association’s weekly measurement of nationwide ...
  3. University Of Virginia Darden School ...

    A graduate school offering an MBA, executive MBA, Ph.D. and executive ...
  4. Mortgage Bankers Association - ...

    The national association that represents the real estate finance ...
  5. London Business School

    A school of international business in London. The London Business ...
  6. McDonough School of Business

    The business school of Georgetown University. The McDonough School ...
Related Articles
  1. Managing Wealth

    When Is an MBA Worth It?

    Earning an MBA can enhance one's career path, or help land a high-paying job. It also involves substantial expense and time. Here's when it makes sense.
  2. Financial Advisor

    Which Is Right For You: MBA or Master's In Finance?

    While an MBA offers more flexibility in terms of curriculum and ability to take classes part time, a Master's of Finance is a good alternative for students seeking a finance-specific career.
  3. Personal Finance

    The Real Cost Of An MBA

    When adding up tuition, books, rent and foregone salary, an MBA can cost as much as a house. Is it worth it?
  4. Personal Finance

    Should You Head Back To Business School?

    Find out if an MBA is necessary for you to reach your professional goals.
  5. Personal Finance

    Traditional MBA Or Business Graduate Degree?

    Though an MBA is the most popular business graduate degree, there may be other options more suited to your goals.
  6. Professionals

    The Real Cost Of An MBA

    Completing an MBA can cost as much as buying a house, so deciding whether to pursue one is a choice that requires much deliberation.
  7. Financial Advisor

    Is An MBA The Best Bet For Finance, Econ Students?

    An MBA offers a fairly comprehensive business education, while a master's program in finance or economics focuses on a more narrow set of skills.
  8. Financial Advisor

    MBA or CFA: Which Is Better for a Career in Finance?

    Potential financial advisors, analysts or asset managers have many credentials and degrees from which to choose. Here's a look at the CFA vs. the MBA.
  9. Professionals

    When Is An MBA Worth It?

    Earning an MBA can create career opportunities and bigger paychecks. On the other hand, it can cost $100,000. So when is it worth it?
  10. Personal Finance

    MBA Vs Executive MBA: Which Is Better?

    The differences between an MBA and an Executive MBA degree make each one better suited for some people than the other.
RELATED FAQS
  1. Does a financial advisor need an MBA?

    Learn how a master's in business administration (MBA) is not needed for a licensed financial advisor as only specific coursework ... Read Answer >>
  2. How do I become an investment banking analyst?

    I majored in Business and Finance and minored in Global Studies and Economics. I have a couple years of Financial Analyst ... Read Answer >>
  3. If I am looking to get an Investment Banking job. What education do employers prefer? ...

    If you are looking specifically for an investment banking position, an MBA may be marginally preferable over the CFA. The ... Read Answer >>
  4. What are the best MBA programs for corporate finance?

    Read about the best MBA programs for students who want to pursue a career in corporate finance, including those at Harvard, ... Read Answer >>
  5. I did not receive my Bachelor's degree in the United States. How can I determine ...

    CFA institute indicates that a Bachelor's degree is a level of study that would qualify an individual for a graduate program ... Read Answer >>
  6. What should I study in school to prepare for a career in corporate finance?

    Find out which classes to take in college to prepare for a career in corporate finance, including management, accounting ... Read Answer >>
Hot Definitions
  1. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  2. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  3. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  4. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  5. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  6. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
Trading Center