The full form or abbreviation of MBA is Master of Business Administration or Master in Business Administration. MBA full form is Master of Business Administration and it is a postgraduate degree program in business management or business administration. This degree is widely acceptable all over the world and almost every country in the world offers this degree. After industrialization companies sought scientific management and demand of such degree raised. The courses usually offer in MBA are finance, marketing business ethics, business law, business communication, business strategy, human resource, supply chain management, operation management etc.
History of MBA
The MBA degree originated in USA in 19th century. The first school of business in the USA was The Wharton School of the University of Pennsylvania, which was establish in 1881. In 1900 the tuck school of business offers the degree in business name was a master of science in commerce the predecessor to the MBA.
In 1908 the Harvard school of business administration established MBA program with 15 faculty members, 33 regular students and 47 special students.
IISWBC is the first institute in India to offer an MBA degree in 1953.
And university of Delhi is the oldest school of business in India, which offers MBA degree in 1954.
SPECIALIZATIONS IN MBA
Students can specialization in one or more of the following specializations.
- Human resource also known as HR
- Information system
- operation management
- Bio technology
- nonprofit/public accounting
- Rural management
- Supply chain management
- Agri-business management
- Operational management
The above list are currently offering specializations by business schools in the world but as the era is changing the more field of specializations may be establish by business schools in coming years.
Eligibility to Get Admission in MBA
A graduated man can get admission in MBA. Usually prefer give to business graduates.
Due to limited seats the merit of MBA in various institution are very high.
Few institutions in the world are offering distance education and in current scenarios most universities are teaching online because of Covid 19.
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