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A Master of Business Administration (MBA), also called Master in Business Administration, is a professional degree focused on business administration. [1] The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program.
The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. [11] The MBA degree originated in the United States in the early-20th century, [ 12 ] when the nation industrialized and companies sought scientific approaches to management.
What is an MBA program? A Master of Business Administration (MBA) program is a graduate degree that emphasizes leadership, management and marketing skills across a range of business operations.
The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022. [1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries. [9]
An MBA in healthcare management comes with an average base salary of $80,000. Graduates may work as business operation managers, chief strategy officers and practice administrators.
An MBA degree is a popular steppingstone to C-suite jobs at large corporations, and it is also an asset for budding entrepreneurs. What an MBA Degree Is and What You Need to Know Skip to main content
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