Full Form of MBA
Master of Business Administration is the full form of MBA.
MBA is the short term used for Master of Business Administration. It is an internationally-recognized postgraduate degree in business administration. This is a very popular postgraduate program for students who want to make a career in business management.
Globalization is also responsible for the popularity of this course. Nowadays, there is a great demand for MBA professionals in multinational companies. You must have a graduation degree to take admission in an MBA course.
MBA helps students become experts in managing all types of businesses, whether it is a family-owned business or a large corporate giant.
It is amongst the most popular qualifications to have because it is what top employers in India and abroad look out for when prospecting for hiring managers.
But the story just begins here.
The Master of Business Administration (MBA) degree originated in United States of America (USA) in the early 20th century when the country industrialized and companies sought scientific approaches to management.
In 1900, the Tuck School of Business was founded at Dartmouth College in Hanover, New Hampshire, United States, conferring the first advanced degree in business, specifically, a Master of Science in Commerce, the predecessor to the MBA.
MBA Specializations / Streams In Management
The specializations in management are Marketing, Finance, Operations, Strategy, and Human Relations (HR).
Core Courses In an MBA Program
The core courses in an MBA program cover various areas of business, such as accounting, applied statistics, business communication, business ethics, law, finance, managerial economics, management, entrepreneurship, marketing and operations in a manner most relevant to management analysis and strategy. No matter which specialization you take, these core courses are undertaken by all students in the first couple of months of an MBA program.
Most programs also include elective courses and concentrations for further study in a particular area that interests you personally or professionally.
Types of MBA Programs
Business schools in many countries offer programs tailored to full-time, part-time, executive(abridged coursework typically occurring on nights or weekends) and distance-learning students, many with specialized concentrations.
Some of these programs are
- MBA (Full Time)
- MBA ( Part Time)
- Accelerated MBA
- PGDM (Post Graduate Diploma in Business Management)
- Modular MBA
- Executive MBA
- Distance MBA
Credits In MBA Programs in US
MBA Programs in United States (US) typically require completing about 60 credits, nearly twice the number of credits typically required for degrees that cover some of the same material such as Master of Economics, Master of Finance, Master of Accountancy, Master of Science in Marketing, and Master of Science in Management.
The MBA is a terminal degree and a professional degree. Accreditation bodies specifically for MBA programs ensure consistency and quality of education.
Top MBA Colleges in India
- Indian Institute of Management, Ahmedabad
- Indian Institute of Management, Bangalore
- Indian Institute of Management, Calcutta
- Indian Institute of Management, Lucknow
- Indian Institute of Management, Indore
- Indian Institute of Management, Kozhikode
- Indian School of Business, Hyderabad and Mohali
- S P Jain Institute of Management and Research, Mumbai
- IMT: Institute of Management Technology, Ghaziabad
- XLRI: Xavier Institute of Management, Jamshedpur
- Faculty of Management Studies, Delhi