Master of Business Administration (MBA) is a master’s degree in business administration, which originated in the U.S. in the late 19th century, when the country was rapidly getting industrialized and companies wanted a scientific approach to management. Nowadays, the MBA degree is one of the most sought after post graduate degrees as it opens out a lot of prosperous career paths for the students. In an MBA program, students get to learn the theory and application of management and business principles. This is the kind of knowledge that prospective employers look for, as this knowledge can be applied to run and manage an organization.
Holding an MBA degree today is a prerequisite if you want to advance in your career path earlier than the others. Management positions are generally only offered to candidates with an MBA degree under their belts. Not many companies these days will even consider employing candidates without an MBA degree for positions that require specific skill sets in management. In addition, persons with MBA degrees are offered higher remuneration than those who do not possess them.
All MBA programs deal with the general principles of management, but specific programs concentrate on a particular aspect of management or a particular type of industry or service. There are so many special areas that can be studies individually or combined together in an MBA program. Some of the most common MBA degrees are in Business Management, Accounting, Marketing, Finance, Entrepreneurship, E-commerce, Human Resources, Hospitality, International Business and Logistics, Technology Management, Information Systems Management, Risk Management, and many more.
The prerequisite for enrolling in a MBA program are that you should have at least a bachelor’s degree in some concentration. Of course, the more the prestigious the MBA school, the more stringent standard standards will be applied to the admission process. However, with the springing up of so many online universities that offer accredited MBA programs, students now have a choice to pick and choose colleges and particular disciplines that they favor.