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:
“I hated all my toil in which I had toiled under the sun, seeing that I must leave it to those who come after me—and who knows whether they will be wise or foolish? Yet they will be master of all for which I toiled and used my wisdom under the sun.”
—Bible: Hebrew, Ecclesiastes 2:18-19.
“A master of men was the Goodly Fere,
A mate of the wind and sea,
If they think they ha’ slain our Goodly Fere
They are fools eternally.
I ha’ seen him eat o’ the honey-comb
Sin’ they nailed him to the tree.”
—Ezra Pound (1885–1972)
“Being good in business is the most fascinating kind of art.... Making money is art and working is art and good business is the best art.”
—Andy Warhol (1928–1987)