MBA

abbreviation
Updated on: 26 Jul 2017

Definition of MBA

  1. master of business administration


Financial Definition of MBA

MBA

What It Is

A Master of Business Administration (MBA) is a graduate degree in business.

How It Works

An MBA typically involves the study of accounting, financial markets and instruments, corporate strategy, negotiation, business ethics, statistical analysis, marketing and management. Most full-time MBA programs take two years, though many "executive MBA" programs can take as little as nine months. MBA programs are also available online.

Some business schools are very difficult to get into, and the starting salaries for graduates from those programs are typically higher than the starting salaries for graduates from other business schools. Many schools allow students to specialize in certain areas, such as securities analysis, accounting, sports marketing, information management, tourism, health care, marketing, etc.

Why It Matters

Obtaining an MBA can propel a career significantly and make a person more employable, depending on when and how it is applied and the industry in which a person works. Traditionally, an MBA is most useful in management or financial positions. It is important to note, however, that most of the most successful people in the business world do not have MBAs, and there is no substitute for hard work or a willingness to take risks.


Seen and Heard

What made you want to look up MBA? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!