The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The core courses in the MBA program are designed to introduce students to the various areas of business such as accounting, finance, marketing, human resources, operations management, etc. Students in MBA programs have the option of taking general business courses throughout the program or can select an area of concentration and focus approximately one-fourth of their studies in this subject.
Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business education. Business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specialized concentrations.
Read more about Master Of Business Administration: History, Accreditation, Basic Types of MBA Programs, Admissions Criteria, Program Content, In Europe, MBA Program Rankings, MBA Degree and Current Financial Crisis
Famous quotes containing the words master of, master and/or business:
“God bless the master of this house,
Likewise the mistress too:”
—Unknown. God Bless the Master of This House (l. 1–2)
“It is, all in all, a historic error to believe that the master makes the school; the students make it!”
—Robert Musil (1880–1942)
“The elements of success in this business do not differ from the elements of success in any other. Competition is keen and bitter. Advertising is as large an element as in any other business, and since the usual avenues of successful exploitation are closed to the profession, the adage that the best advertisement is a pleased customer is doubly true for this business.”
—Madeleine [Blair], U.S. prostitute and “madam.” Madeleine, ch. 5 (1919)