What is 'B-School'

A B-school is simply an abbreviation for an institution that focuses on teaching business-related courses. While business schools may offer courses ranging from undergraduate degrees to post-doctoral programs, their prime offering is the Masters of Business Administration (MBA) program. Top-tier business schools are usually renowned for the high quality of their graduates, many of whom climb the corporate ladder steadily to eventually become among the highest-ranking executives in their organizations.

BREAKING DOWN 'B-School'

A B-school's curriculum will include subjects such as finance, marketing, statistics and operations management. Despite the spiraling costs of obtaining a business degree, demand for B-school degrees remains high. Some of the top business schools such as Harvard, Wharton and London Business School attract thousands of qualified candidates every year, resulting in very high competition.

Oftentimes, the Graduate Management Admission Test (GMAT) poses quite a challenge for MBA candidates — especially those who took a break between undergraduate and graduate school and might need some refresher courses on topics. However, because the GMAT is a potential obstacle, more and more top business schools are starting to drop it from their list of MBA application requirements.

According to collegeatlas.com, the MBA without GMAT requirements includes traditional, hybrid and online MBA programs. The University of California Los Angeles (UCLA), Massachusetts Institute of Technology (MIT), and University of Phoenix (UOP) are among this growing list of recognizable school brands that offer entrance into their MBA programs without the GMAT.

Is an MBA Worth the Cost?

An MBA can provide the skills and knowledge necessary to start a new business, and many employers require an MBA for certain management or leadership positions. Not surprisingly, an MBA is one of the most sought after degrees. However, the fact that it can cost $100,000 or more begs the question: Is it worth the cost?

It just depends on personal situations and goals. If someone must take out student loans to cover the entire cost and doesn't mind coming out of school with that much debt, an MBA makes sense. You should weigh the cost of the degree against your potential earning power, also considering how much you stand to lose in income by choosing additional education over joining the workforce with an undergraduate degree.

RELATED TERMS
  1. Master Of Business Administration ...

    A master of business administration (MBA) is a graduate degree ...
  2. Mays Business School - Texas A&M ...

    The Mays Business School is the business school of Texas A&M ...
  3. London Business School

    The London Business School is a school of international business ...
  4. Kellogg School of Management

    The Kellogg School of Management is the business school at Northwestern ...
  5. MBA Purchase Index

    The MBA Purchase Index is The Mortgage Bankers Association’s ...
  6. Haas School of Business

    The Haas School of Business is the business school at the University ...
Related Articles
  1. Personal Finance

    6 Different Ways To Get Your MBA

    Whether you are a full-time student or are already established in your career, there are several options for obtaining a MBA degree.
  2. Personal Finance

    Should You Head Back To Business School?

    Find out if an MBA is necessary for you to reach your professional goals.
  3. 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.
  4. Small Business

    How Americans Can Apply For European MBA Programs

    Studying for an MBA in Europe is a great idea for Americans looking for a career boost.
  5. Personal Finance

    Business Schools with the Highest ROI

    A unique study finds a number of MBA programs that have a better return on investment than the usual list of top-tier schools.
  6. Financial Advisor

    Should You Get A CFA, MBA Or Both?

    These certifications require time and money, but combined programs are making obtaining both designations more realistic.
  7. Financial Advisor

    Attend Grad School For Free

    Securing funding for your education isn't always the easiest thing to do, but there are some ways to get assistance.
  8. Personal Finance

    What is the Average Salary for an MBA Graduate?

    An MBA is often described as a surefire way to increase one's salary, but it's actually more complicated than that.
  9. Personal Finance

    5 Top Business Schools in America

    These schools produce many of the most successful business grads and offer some of the best education in business and management.
  10. Personal Finance

    5 Skills Employers Look for in MBA Grads

    These are the business skills employers look for in recent MBA grads. Learn why certain soft skills are more valued than ones like finance and marketing.
RELATED FAQS
  1. How do I get started with a career in asset management?

    Find out how to get stated with a career in asset management whether you are still an undergraduate student or making a career ... Read Answer >>
Trading Center