MBA - Master of Business Administration

MBA stands for Masters of Business Administration, and is a post graduate degree in business administration. It is also one of the most sought after degrees in the world because of its value to people in business and administration. An MBA degree can benefit those in positions in business and management, especially those in executive and managerial positions. An MBA degree from a leading institution in the US has great value throughout the world and thus there are thousands of students from various countries who come to the US for the sole purpose of pursuing an MBA degree even though their own country may offer several MBA programs.

Whatever your reasons for considering studying for an MBA, for instance:

  1. if you are looking for a  for more responsible job that offers a better salary and chance to move upward
  2. if you are interested in balancing your work life with your own personal life
  3. if you want to see yourself eventually doing consulting
  4. if you think your resume would look better with the degree MBA written under academic achievements

If these or any other reasons prompt you to join an MBA program, you should consider these aspects

  1. future employers look favorably on years of work experience.
  2. Studying for and obtaining your MBA straight after undergrad college studies may stilt your ability to receive such job experience.

Regardless of your reasons, if you are contemplating attending graduate school to obtain your MBA, make sure you are aware that:
The MBA is a Master of Business Administration degree. Usually it takes one to two years of graduate-level university study whose main topics are in the theory and practice of business management. The degree is the document that certifies your qualifications and competency to function in any management role for any modern corporation.

An MBA degree usually aids in obtaining and is a career accelerator across a number of industries and MBA graduates fit into administrative positions that are commiserate in salary

An MBA Program offers a range of benefits for the successful applicant, including:

Business Knowledge: The MBA program and business schools give you valuable knowledge about business and all its related aspects. You learn about business strategies and concepts, not just on paper, but the training and internship required in an MBA course, teaches you how to use these skills in practical life and in day to day business operations.

Leadership Abilities: An MBA degree involves rigorous training, assignments, reports, presentations, and group projects, all of which give you the necessary abilities to handle real-life business situations. This helps to set you apart from those who do not have such expertise and can make you a leader in your chosen field.

Networking: The alliances that you form with your classmates and the network that you create is deemed as one of the most important and valuable things that an MBA program can give you. MBA graduates have often felt that the associations formed during the MBA course are resources that are invaluable and can be drawn upon for years after the MBA degree has been achieved.

Anyone thinking of applying for an MBA program could benefit greatly from learning more about the program beforehand, and finding out what an MBA is all about as well as what MBA institutions are looking for in applicants. This site aims to teach you about various aspects of the MBA program, enabling you to make a more informed choice and to be more prepared for what to expect.

The Master of Business Administration ( MBA ) is the most appereciated and probably most fundamental method of manager training all over the world. If you want to work in the corporate world, MBA is the real channel to enter into the most lucrative corporate envirnoment.
Almost all small and large business organizations prefer MBA qualified persons for lower level managers to top level managers. The core of an MBA program is to develop persons with analytical and descision making skills.

History

The classic two-year day studies of MBA were created in the US in early the 50’s. Harvrd university took the initiative and collected the senior business executives at that time to start classes to share the experiences of these executives. Essentially, the students were taught to use logical thinking in diagnosing, analysing and making decisions. The colleges established close cooperation with the business environment, set standards for the curriculu, recrutiment of students and lecturers, and the types of awarded diplomas.

In the sixties and seventies, when schools offered this form of educational service, the MBA studies became a hit in the USA and Europe by meeting the demand for qualified managers sought by companies. The popularity grew steadily: in 1965 there were 5000 graduates of business schools; thirty years later – about 100 000 a year.
The MBA degree became a standard – a leading and readily produced certificate of being a professional.

Myth or Reality:
In fact the degree is a bit of a misnomer. For most people this is a management degree, and it is not relevant'business envirnoment' . The MBA degree title has always been used in the USA - where it was first developed, but not always in other countries. In the UK for example - where Post Graduate degree level management education only began to develop from the late 1960s the title was not initially used. For example the main schools at that time used the MSc and MA degree titles. From around 1980 however most established programs around the world had adopted the MBA title. There are of course programs which look very much like what other Schools would call an MBA - which still lead to degrees with other titles. Such titles include MBL (Master of Business Leadership - predominantly in South Africa), MBS (Master of Business Studies), MSc and MA as well as more specialist degrees e.g., Master of Finance. Often such programs are seeking deliberately to differentiate themselves from other programs.