What Is an MBA Degree: Master of Business Administration
What is an MBA degree? The MBA stands for Master of Business
Administration. MBA is a professional degree - in that it is
intended for those who work in business and management i.e., the
intention of a program leading to an MBA is to prepare or further
prepare individuals for responsible positions in business - usually
managerial positions. MBA programs are run throughout the world, as
they are seen to be relevant for the preparation of people for work
in management irrespective of the industry, business sector, the
nature of the economy, etc.
The letters MBA stand for Master of Business Administration.
Individuals interested in business and management who attain the
qualification will be recognized as holding the world's premier
postgraduate qualification. These individuals will be referred to as
MBAs .
Since the inception of the MBA program in the USA in the early
1900s - but especially since the more widespread adoption of MBA
programs in other parts of the world - the MBA program has been in a
state of continual innovation and change. Initially most programs
were full time and of two years duration, but now there is a wide
range of program structures and durations. The two year full time
program or its equivalent is still common in the USA and certain
other countries - e.g. Spain. The initial argument to support the
belief that two years was an appropriate length related to the
amount that needs to be covered in a general management - i.e. a
wide based program. This view was never fully supported in some
countries - where it was argued - that those entering programs had a
higher level of education and had had more exposure to business
topics in their first degrees. So - in the UK for example - whilst
both the London and Manchester Business Schools which were set up in
the late 1960s started with two year full time MBAs - all of the
other Schools in the country at that time offered 1 year programs.
Because of its value to the business world, the MBA stands for
degree holders who are sought out. Executive and managerial
positions especially demand graduates with an MBA degree.
Institutions in the US that grant MBA degrees are considered among
the best in the world. Thousands of students from all over the world
travel to the US every year especially to study for their MBA degree
even though several MBA programs may be offered in their own
countries. An American MBA stands for a more prestigious degree.
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