Masters of Business Administration (MBA) and Executive Masters of Business Admin (EMBA) Info

To most undergraduate business students, this may seem like an elementary question. But we firmly believe that no question is a bad question.

What does MBA stand for? It stands for Masters of Business Administration. The MBA degree is what comes after having achieved an undergraduate business degree. Once you've achieved an MBA you're generally placed well above people who only have undergraduate degrees. A graduate degree earned at a university or college will usually provide generalized theoretical, academic and practical training to help their graduates garner a full understanding of general business management functions. An MBA degree can have a very specific focus in marketing, finance, operations or even accounting. MBA programs usually last two years, and are typically offered by most major universities an colleges. To enter into an MBA program, the Graduate Management Admission Test (GMAT) must be taken and be accepted by the program’s college or university based on and in accordance with its selection criteria.

Also worth noting is the EMBA or Executive Masters of Business Administration degree. The EMBA and MBA often are two very different ways of earning the same masters degree. While the standard MBA program, whether taken as online coursework or attended at an actual physical campus is usually full or part-time and aimed at younger graduates, the EMBA programs are almost always part-time and aimed at executives and older students who are seeking a career advancement and are already active in the workplace typically in a senior level position. Because of who the EMBA is aimed at, the scheduling differences are also extreme, with most EMBA classes scheduled on Fridays, Saturdays and Sundays, they are also expensive, in 2006 the average EMBA in the U.S. was $50,000.