An MBA or Master of business administration is a postgraduate education program. The program is made to provide business and management training for people with work experience, who does not already posses the managerial skills. To qualify for an MBA you need to have at least 2 years of working experience some of the schools require three.
The MBA will give you an introduction to all of the aspects in management and how to run a business. MBA students come from different backgrounds and from all over the world. So the student body often is very mixed and experienced in different fields.
Core subjects in an MBA include marketing, human resources, economy, management, finance, and market analysis. As the program puts an emphasis on developing managerial skills, there are several core courses which use a managerial approach.
Along with the core courses, there is a wide range of electives that may be taken to finish your education in a way that will be suited to your future employment. Schools offer as many as 70 elective courses to choose from.
Although MBA program originally took two years to complete, there are now more business schools which offer the flexibility to fast track program completion in a single year. Fast tracking is far more intensive and done without time off and in one trimester. The work project/thesis is completed afterwards.
MBA programs are offered on a part time basis, online and for busy executives. They are designed for professionals who want to work on their MBA while working.
You will find specialized MBA programs in many countries. London has schools that specialize in Banking and Finance. In the Netherlands are schools which are specialized for Engineers and in Switzerland, there are schools for Hotel Management.
When looking for a MBA you should look if the institutions have any accreditations. The three biggest and most popular are AACSB, AMBA and EQUIS. At the moment there are 57 institutions that hold the triple accreditation - more popular called the Triple Crown.