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What is an MBA?

What is an MBA?

MBA is the acronym for Master of Business Administration, the postgraduate program with the highest recognition and international prestige. It is aimed at graduates and professionals who wish to develop their activity in the field of business management.

MBA, MBA Online, MBA Program, International MBA

Image what is an MBA
Studying an MBA allows you to specialize in business and corporate management. Those who study it learn the skills and abilities that any manager should have. It is usually taught by professionals in the sector, and also includes a period of practice so that students can demonstrate what they have learned in a real business environment.

From Mastermania We gather several keys that you should know about the MBA: What the acronyms mean, what contents are imparted, what modalities exist, which are the rankings that classify the best MBA...

How was the Master of Business Administration created?

The MBA (Master of Business Administration) has its origin in the traditional postgraduate studies of the American universities, and later it arrived in Europe of the hand of the United Kingdom. Although they were born in universities, MBA's are currently also taught in business schools promoted by private entities, regional institutions, business groups...

What is the content of an MBA?

The MBA program is designed to equip the future manager with the skills and knowledge in the functional areas that anyone needs when it comes to running a business: communication, financial management, strategic management, marketing, resources Human or operations, among others.

What types of MBA are there?

Currently, there are four types of MBA: executive, International, full-time or part-time:

MBA executive: It addresses executives who want to expand their business training while working. Students must have a university degree and a minimum experience of 2 to 5 years in management positions.

MBA Full Time/Part time: Full-time or part-time MBA is distinguished by how the workload load is divided, whether in one or two years. The Part-time modality allows combining the studies with the work, unlike the full time, which requires a complete dedication.

MBA International: The program of the international MBA is structured in such a way that the training and practices in companies are carried out in several countries. For this reason, the access criteria are more rigorous, since the students must accredit an advanced level of languages because they are usually given in English.

What is an MBA for?

With an MBA the student acquires the skills and competencies necessary to know how to run a business. In addition, the MBA includes internships in companies that allow students to demonstrate their value in a real environment and interact with industry professionals. 

The teaching team is made up of professionals of recognized prestige, with consolidated professional experience that allows them to transmit to their students their know how and they facilitate the access to large companies. 

For its part, the international MBA provides added value, such as learning and working in international environments. The students demonstrate their ability to adapt to change, their high performance in different cultures, and the dominance of several languages, which makes it the perfect candidate for companies with the presence in several countries.

How to choose an MBA?

There are some keys that can help you in your choice of the MBA that best suits your needs. Assessing aspects such as learning by doing or researching whether it can be customized according to the student's availability are some helpful tips. You should also assess whether you want to study the MBA in Spain or abroad. In addition, you can see which are the best MBA in the world in the different rankings mentioned in the following heading.

What is the best MBA?

Choosing a single MBA as the best in the world is virtually impossible. Each year several prestigious international publications make rankings with the best MBA's in the world: The Forbes, Financial Times or the Economist rankings are normally led by the universities and business schools of the United States and the United Kingdom.

In Spain, the newspaper El Mundo publishes each year the Ranking of the 250 best masters in Spain and a complete MBA guide. You can consult in Mastermania which are the best MBA in Spain according to this ranking.

Where to study an MBA?

Attending events such as the Access MBA Fair or the postgraduate and Continuing Education Forum, held annually in Madrid, is the perfect opportunity to learn about the training offered by different universities and business schools. You can also check out which are the best cities in the world to study an MBA.

Access requirements for an MBA master's degree

An MBA is a postgraduate study. This means that you need a previous university degree to be able to study an MBA, ie; You must have studied and completed a degree at any university in the world.

The degree does not have to be related to the business world. Although business schools and universities have the final say in this regard, in general, you will be able to pursue an MBA with any university degree.

Scoring in the GMAT exam

Another common access requirement in the most prestigious business schools is scoring on the GMAT exam. The GMAT (Graduate Management Admission Test) is a test in English that measures the knowledge and aptitude to pursue business and business studies. In Spain, the GMAT is necessary to study at IE Business School, IESE Business School, and ESADE Business School, among others.

Masters MBA types

MBA Full-time: aimed at recent graduates or workers with little work experience. It's the most common MBA program. It usually lasts two years and is full-time, ie; That you can't reconcile it to work. Although some schools also offer a part-time MBA, weekends or some loose days.
Executive MBA (EMBA): aimed at professionals with some years of experience (usually from 5 years). They tend to be part-time programs to be able to reconcile it with work.
Global Executive MBA: It is the same as the previous one but in an international environment. They usually include stays in several foreign cities.

How long an MBA lasts

The duration depends on the type of master you choose. Our listings are almost all full-time MBA's aimed at graduates. Its duration is usually between one and two years.

What is the purpose of studying an MBA?

The main function of an MBA master's degree is to teach to manage a company from all its aspects, ie; Form qualified executives with a global vision of the business.

We have already seen previously that the Spanish meaning of MBA is master in Business Administration or master in business management. The subjects that are taught in these studies are varied and are directed to learn how to manage a business. They can be grouped into three blocks:

Analytical: Accounting, Business Economics, operations research, organizational behavior, economic policy, statistics and quantitative analysis.
Functional: Financial management, human resources management, marketing management, and operations management.

Ethics: Social and corporate responsibility, business ethics.
Some MBA masters have a program of internships in companies as part of the training, thus facilitating the incorporation of their students to the labor market.

Last but not least, a master of this type provides a great opportunity to meet people in the business world, make contacts, as they say. These contacts can be fundamental in your future professional career.

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