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Master of Business Administration (MBA; also Master's in Business


Administration) is a graduate degree focusing on business
administration, investment management. [1] 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. It originated in the United States in the early 20th century when the
country industrialized and companies sought scientific management.[2]
Most programs also include elective courses and concentrations for further study in
a particular area, for example, accounting, finance, marketing, and human
resources. MBA programs in the United States typically require completing about
forty to sixty credits (sixty to ninety in a quarter system), much higher than the
thirty credits (thirty-six to forty-five in a quarter system) typically required for
degrees that cover some of the same material such as the 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.[3][4] Accreditation bodies
specifically for MBA programs ensure consistency and quality of education.
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.
The "Executive MBA", or EMBA, is a degree program similar to a MBA program,
but is specifically structured for and targeted towards corporate executives and
senior managers who are already in the workforce.[5]

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