The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world.
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The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive and distance learning students, many with specialized concentrations.
An MBA is only worth the expense, time and effort when the graduate plans to work in a business-related field, in management, or as a company founder. The number of colleges, universities, and business schools offering a Master's degree in Business Administration is increasing, making the space quite crowded.
The Master of Business Administration (MBA or M.B.A.) degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.The MBA is a terminal degree and a professional degree.Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive and distance learning students, many with specialized concentrations.
The GMAT stands for Graduate Management Admission Test. It is administered by Graduate Management Admission Council (or GMAC) and required for admission to most U.S., Canadian, and European business school MBA programs. Also, the GMAT test result can be used for admission to business PhD program, such as Harvard Business School DBA program.
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The Graduate Management Admission Test (GMAT) is a computer adaptive test conducted around the year at test centers throughout the world. The GMAT exam measures verbal, mathematical, reasoning and analytical writing skills. The test is designed to help graduate management programs assess the qualifications of applicants for advanced study in business and management.
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