What Is an MBA Degree?

The MBA, or Master of Business Administration degree, is a postgraduate or master's degree in business administration management. MBA programs require students to understand theories within the field of business and apply management principles during the course of study.

Full-time MBA programs typically take students two years to complete; however, the time length may vary if the student is in an accelerated program or attending school part time. The MBA degree program prepares students for upper-level management positions in finance, investment banking, management and health-care administration. Most MBA programs require that students possess an undergraduate degree in business or finance and show proof of experience working in a professional industry.