Master of Business Administration Guide, Meaning , Facts, Information and Description
Master of Business Administration (MBA) is a tertiary degree in business management. It is one of the few master's degrees with more prestige than the associated doctor's degree. Given the recent interest in the MBA degree, there have been growing concerns about the hype it has generated.An important admission criterion to most MBA programs is the GMAT test. Schools that offer the MBA are usually known as either management or business schools.
An MBA is considered a professional Master's degree rather than a traditional or academic Master's degree. However, completion of an MBA does not usually preclude admission to a PhD program.
MBA programs require students to master a variety of subjects, including economics, organizational behaviour, marketing, accounting, finance, strategy, international business, information technology management, and government policy. Many programs allow students to specialize in a particular area, but completion of the core breadth requirements is still necessary.
The UK Government announced in its April 2004 budget that persons holding an MBA degree from the world's top fifty business schools will be entitled to work in the UK for one year. After this year has elapsed, they are likely to qualify for the UK's Highly Skilled Migrant Programme. This, in effect, means that an MBA from one of the top schools is a ticket to UK residency status.
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