MBA is an abbreviation meaning Master of Business Administration. That is, “MBA” is an acronym for the educational qualification of a Master of Business Administration degree.
Common and Alternative Meanings of “MBA”
When someone says “MBA”, they usually mean an MBA degree from a university or college – e.g. “she has an MBA”.
Other MBA meanings you may hear are:
- the program or course that leads to the award of the MBA degree – e.g. “MBA enrollments”
- a graduate with a Master of Business Administration qualification – e.g. “they are recruiting MBAs”.
Popularity of the Term “MBA”
MBA is a common abbreviation because:
- it is much quicker to write or say than “Master of Business Administration”
- an MBA is, in many countries, the most popular graduate degree.
Business administration has broad meaning and describes the jobs of many people. The field covers “management” but also encompasses other functions involved with operating a business, such as finance, marketing, planning and recruiting.
An MBA is easily the most popular masters degree. In 2019, there were 420,000 postgraduate university students doing coursework programs in Australia (uCube). Of these, 141,000 (or 34%) were studying Management and Commerce. Most in the category were enrolled in an MBA program, including embedded courses (graduate certificates or diplomas in business administration).
About MBA Programs: How and Why
You are a potential candidate for an MBA if you are interested in a career in business, management or entrepreneurship.
- The standard length of a program is 2 years in some countries but is only 1.5 years in Australia.
- Usual requirements for entry are that you have a bachelor degree (of any kind) and have worked in a professional role for at least a couple of years.
- Programs are also available for people without a bachelor degree but who have significant management experience.
MBA studies are popular because they are enjoyable and have a large potential payoff, as shown by our salary calculator. You can usually choose subjects or projects which align with your career and interests. A good MBA program will spark your imagination and encourage you to think like a leader.