MBA stands for Masters degree in Business Administration and is considered as one of the most sought after post-graduate courses. Top universities from different parts of the world offer this post-graduate course.
Students enrolled in an MBA program learn about the theories of business and management as well as the practical application of these theories. Those who finish this program acquire skills that are useful in the business or corporate world.
There are many reasons why individuals choose to take MBA. For one, the salary potential of an MBA graduate increases and as such, many take this program of study to advance in their careers.
Many corporations require that those who hold senior management and executive positions to have an MBA. Some companies refuse to entertain job seekers for a top position if they have not completed this post-graduate course.
There are major concentrations or tracks for MBA students that can include business management, economics, accounting, entrepreneurship, global management, finance, marketing, technology management, operations management and human resources management, among others.
Each educational institution varies in its curriculum for MBA. Some schools offer a highly specialized curriculum. Each student may choose to take a particular track, but the basic courses of MBA programs across schools are almost the same.
Experts often say that there is a direct relationship between the value of a finished MBA and the status of the educational institution that conferred the MBA to the graduate.
Those who are in the process of choosing an educational institution where they will take their MBA degree should take the time to find out the rankings of the educational institutions. There are organizations that rank the schools and universities according to a variety of factors.
This post-graduate degree is basically expensive despite the fact that tuition fees of the business schools vary.