What Does MBA Means: Acronym MBA - What Is the Definition of MBA
What does MBA Means?
The Tuck School in New Hampshire was the first to develop the MBA
program at the beginning of the previous century. This program was
developed originally as an administrative qualification, emphasizing
finance and accounting. In the l950's, the new Harvard business
school developed a program for teaching which serves as the basis
for most business school training till the present day.
Master of Business Administration: a postgraduate qualification
awarded after a period of study of topics relating to the strategic
management of businesses. A Master of Business Administration course
can be taken at a business school or university, and covers areas
such as finance, personnel, and resource management, as well as the
wider business environment and skills such as information technology
use. The course is mostly taken by people with experience of
managerial work, and is offered by universities worldwide. Part-time
or distance learning MBAs are available, so that students can study
while still working. There is an increasing number of MBA graduates,
as an MBA is seen as a passport to a better job and higher salary.
For many positions at a higher level within organizations, an MBA is
now a prerequisite.
What Is the Definition of MBA?
The Harvard program is based on teaching real-life case studies.
Students receive all the basics in business management in such core
subjects as finance, economics, human resources, marketing, IT,
strategy and leadership. Added to these basics there is a supplement
of a range of optional subjects such as entrepreneurship,
consulting, brand management and ethics. These all contribute to the
future expertise of the MBA graduate in the business world. The MBA
stands for a graduate with expertise in many fields. General
programs are giving way in some business schools to courses that are
highly specialized. The ESSEC School in France, teaches an MBA in
Luxury Brand Management while Nottingham in the UK covers Insurance
and Risk Management. At the Liverpool University MBA stands for a
program that highlights Football Management.