Definition of MBA

[Saksham]

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Hello sir, my brother is looking for definition of MBA? What is an MBA? Will you please give me proper definition of MBA?

[shikha]

MBA is stand for
Master Of Business Administration

MBA is a master degree which provides management degree. A master of business administration 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 available only for undergraduate degrees students. 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 and be accepted by the program based on its selection criteria.

An MBA typically involves the study of accounting, financial markets and instruments, corporate strategy, negotiation, business ethics, statistical analysis, marketing and management.

Most full-time MBA programs take two years, though many executive MBA programs can take as little as nine months. MBA programs are also available online.

Common MBA Specializations/Concentrations:

Accounting,
Entrepreneurship,
Finance (including corporate finance and investment management),
International business,
Healthcare administration,
Human resources,
Management information systems,
Management science,
Marketing,
Operations management,
Organizational design,
Project management,
Real estate,
Risk management
Strategy, among others

Careers after an MBA:

Business analyst or strategist
Business development analyst, associate, or manager
Director (of a department)
Entrepreneur/founder
Financial analyst
Management consultant
Marketing associate, analyst, or manager
Portfolio manager
Project, product, or program manager
Operations analyst, associate, or manager