The word MBA has somehow made a reputation in our minds, and people have the great expectation with it. Well! All of the attention that this course gets is worth it. The MBA degree has always been counted in one of the top most educational achievements and almost all the students interested in business studies have a dream of pursuing it someday. However, the truth is that not everyone is aware of what MBA actually deals with. There are hundreds of students and their concerned parents who surf the net daily to find out the definition of MBA. For all those who are still in doubt with this curriculum, it is important to know it first. Here we have come up with some of the information about MBA that are generally not known by all.
The definition of MBA
MBA that is an abbreviation for Masters of Business Administration is a degree of having masters in the field of management and business administration. This degree can be pursued at any of the business and management school or university where a student is given all the knowledge about the field important in business. Some of them are accounting, management, financing, human resource planning, and management, etc. a graduate pursuing MBA gets all the practical as well as theoretical knowledge about the subject. It is a two-year program that lets students get specialization in the fields they want.
MBA is one level up from the graduate level as it gives specialization and detailed knowledge about a specific field of business. If you are interested in getting admission in a business management school, then you will have to pass the GMAT- Graduate Management Admission test. After qualifying the exam, you will be eligible to pursue it from any good university.
How did the idea of MBA start?
The history of master’s degree is something that not all are aware of. It was first born in America in the 20th century after the concept of scientific management gained importance. The first school of business management was named as the Truck School of business that claims to be the first one to give the graduates degree of masters in commercial science, which later became business administration. The idea was soon caught by the Harvard school of business, which enrolled 80 students in their very first program. The results and advantages of pursuing this degree can be understood by the importance of MBA today. It is proven over time that a person having practical and theoretical knowledge is always more successful than his counter parts.
When we talk about the best business schools in the world, the Cambridge MBA University tops the list. Students from all over the world try all their luck to study from this university to get the best of master’s knowledge. It is an honor for all the MBA students to be a part of this university. You would have now understood that what MBA actually is and how does its concept arise. It is the best that you can do to have a full knowledge of the business and its working.