"MBA" redirects here. For other uses, see MBA (disambiguation).
A Master of Business Administration (MBA; also Master in Business Administration) is a postgraduate degree focused on business administration.[1] The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management.[2]
Some programs also include elective courses and concentrations for further study in a particular area, for example, accounting, finance, marketing, and human resources, but an MBA is intended to be a generalized program. MBA programs in the United States typically require completing about forty to sixty credits (sixty to ninety in a quarter system), much higher than the thirty credits (thirty-six to forty-five in a quarter system) typically required for degrees that cover some of the same material such as the Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing and Master of Science in Management.
The MBA is a professional and terminal degree.[3][4] Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights or weekends) and distance learning students, many with specialized concentrations.
An "Executive MBA", or EMBA, is a degree program similar to an MBA program that is specifically structured for and targeted towards corporate executives and senior managers who are already in the workforce.[5]
^Kagan, Julia. "Master of Business Administration (MBA)". Investopedia. Retrieved 12 May 2021.
^"Andreas Kaplan: A school is "a building that has four walls…with tomorrow inside": Toward the reinvention of the business school". Business Horizons. doi:10.1016/j.bushor.2018.03.010. S2CID 158794290.
^"Getting Your Master's Degree". Peterson's. 6 December 2013. Archived from the original on 10 October 2014. Retrieved 6 October 2014. A master's degree comes in only two options: a professional, or "terminal" master's degree or an academic master's degree, or an academic master's degree. ... A terminal degree is a means to an end; it will prepare you for entrance into a specific type or group of jobs. A terminal degree implies there is no need for any further education, thus the word "terminal." Degrees from professional master's programs are usually marked by specific initials that denote their area of specialties, such as a Master of Business Administration (M.B.A) [sic] or Master of Library Science (M.L.S.) degree. ... Conversely, an academic degree centers on research and scholarly studies in a specific area. These degrees are more likely to lead to continued education at the doctoral level where you can specialize in a very specific area of that field ...
^Maier, Christopher (2005). Complete Book of Graduate Programs in the Arts and Sciences. New York: Random House. p. 4. ISBN 0-375-76432-1. "PhD" and "terminal degree" are not synonymous. A number of master's degrees lead students directly to, well, the end of the formal educational line. One such example is the MFA, though many universities offer Ph.D.s. In business administration degrees, an MBA is not a terminal degree.
^Article Sources (21 May 2021). "Executive MBA (EMBA) Definition". Investopedia.com. Retrieved 2 January 2022.
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