The Master of Business Administration (MBA or M.B.A.) is a post graduate degree in business management. The MBA degree can be considered as a recent phenomenon, compared to other branches of education, and had its origins in the United States in 1900s. The reasons attributed for rapid growth of MBA during first half of 20th century include rapid industrialization and companies seeking scientific approaches to management. Companies recognized the importance of specialized knowledge and worked closely with academia in fine tuning the course content to meet their growing needs.
The core courses in an MBA programme cover various areas of business such as accounting, finance, marketing, human resources, operations, strategy in a manner most relevant to real world business environment. Brief timeline on evolution of MBA is as under: