what is an mba

An MBA stands for Master of Business Administration. It is a postgraduate degree focused on business administration, and the core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy. MBA programs are designed to help graduates gain a better understanding of general business management functions, and they can have a general focus or a specific focus in fields such as accounting, finance, or marketing, and relationship management. MBA students can also focus on other aspects of business, like finance or risk management, and many schools now offer specialty programs, like sports management, the entertainment business, or healthcare management. MBA degrees are not the only type of advanced business degrees, and some students instead pursue a Master of Science (MS) business degree.