What Is a Master of Business Administration (MBA)? [Video]

A master of business administration (MBA) is a graduate degree that provides theoretical and practical training for business or investment management. An MBA is designed to help graduates gain a better understanding of general business management functions.

An MBA degree can have a general focus or a specific focus in fields such as accounting, finance, or marketing, and international business.

A master of business administration (MBA) is a level up from an undergraduate business degree and generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years. To get into an MBA program, an applicant needs to take the Graduate Management Admission Test (GMAT) and be accepted by the program based on its selection criteria. Some programs may require the GRE instead or accept it as an alternative standardized test.

MBA programs typically include core classes in …