Master of Business Administration:

The Master of Business Administration (MBA or M.B.A.) is a master’s degree in business administration (management). The MBA degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.

The MBA is a terminal degree and a professional degree(the corresponding academic degree is often called Master of Science in Management). 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 and/or weekends), and distance learning students, many with concentrations.

An MBA prepares individuals for many types of careers. According to a survey by the Graduate Management Admissions Council, 64% MBA graduates of year 2012 used their MBA to change careers.

Some of the more common jobs an MBA prepares one for include:

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