The Master of Business Administration (MBA) is an internationally recognized degree designed to develop the skills needed for career in business and management.
Most MBA programs include a "core" subject curriculum, such as accounting, economics, marketing and operations, as well as elective courses that allow participants to pursue their personal or professional interests. Some schools require that MBA candidates complete their internships in a company or organization, which can lead to concrete job opportunities after the program.
Quality business schools generally require candidates to have at least a few years of professional experience before starting an MBA program. Applicants are also required to submit graduate management (GMAT) exams or diploma (GRE) exam results, academic transcripts, referral letters, and an essay or statement statement that reflects why they want to pursue MBA. Non-native English languages usually need to have the appropriate English skills with the TOEFL or IELTS results, or through prior academic experience.
MBA is currently the most popular professional program in the world. Today there are over 2,700 MBA programs offered worldwide; most are offered in English. First introduced to universities in the United States around the end of the 21st century, MBA programs have evolved to keep up with the demands of the time.
While traditional two-year MBA programs are still common, especially in the United States, one-year programs have become increasingly popular.
Part-time and online programs are also widely available to professionals who do not want or are unable to take a year or two to complete a full-time program. Executive MBA Programs (EMBA) are part-time programs targeted for professionals with more years of managerial experience than traditional MBA candidates.