Master of Business Administration (MBA)
Introduction to MBA
The Master of Business Administration (MBA) refers to a master’s degree in business administration, which catches the attention of people from a wide range of academic disciplines. The origin of MBA designation is believed to be in the US, rising from the late 19th century as the nation industrialized and companies looked for scientific approaches to management. The basic courses included in the MBA programs are projected to introduce students to different areas of business including marketing, finance, human resources, operations management, and similar more.
Moreover, the MBA students are also facilitated with the option of taking general business courses all through the program or can also select a field of concentration and emphasize almost 1/4th of their studies in the subject.
Types of MBA Programs
There are certain types of MBA programs which can be opted for by the students fitting their interests and qualifications. The most important ones include:
- MBA in Accounting
These programs emphasize on developing skills on essential financial management for successful formulation of programs for private businesses, public agencies like non-profit groups. It deals with advance techniques on costing, corporate taxation issues, theory in accounting, human resources management, budgeting, strategic planning, and conflict management in addition to other things related to accounting.
- MBA in Finance
This program includes strategic planning in exact and effectual basic curriculum germane to the global marketplace. It also addresses good and sound financial management where people are required to understand how good finances work for all.
- MBA in Marketing
Discipline and professional managers would always opt for MBA in Marketing. The study addresses the various strategies on hand in the marketing industry besides learning about effective group and business management in the corporate world.
- MBA in Knowledge and Learning Management
This program addresses knowledge on learning management associated with the global marketplace. Professionals featuring this expertise type formulate plans and programs aimed at meeting people’s interests.
There are also other MBA programs which should be considered. These include – Consulting, Criminal Justice, e-Business, Engineering, Education, Entrepreneurship, General Management, Executive, Global Management, Hospitality and Tourism, Health Care, Human Resources, Industrial Management, Information Systems, Media, Non-profit Government, Project Management, Organizational, Real estate, and similar more.
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Most WantedFinancial Terms
- Most Important Financial Ratios
- Debt-to-Equity Ratio
- Current Ratio
- Interest Coverage Ratio (ICR)
- Financial Leverage
- Break-even Point