MBAs

Overview

A Master of Business Administration is a graduate degree that prepares students for a career in business management. Graduates pursue a variety of professions, including roles in finance, entrepreneurship, and consulting. The degree typically takes roughly two academic years to complete, and approximately 200,000 MBA students in the US are enrolled in a typical year.

Joseph Wharton established the first undergraduate business school at the University of Pennsylvania in 1881 to address the growing need for dynamic professional business managers amid the Industrial Revolution. Dartmouth's Tuck School introduced the Master of Science in Commerce, the MBA’s predecessor, in 1900. In 1908, Harvard Business School pioneered the first modern MBA format.

People often decide to get an MBA to facilitate a career change or add more credibility to their existing résumés. An MBA helps graduates earn an additional $662,290 over 10 years, according to one recent study—although that number varies significantly based on the MBA program’s prestige, as well as one’s pre-MBA salary and chosen industry.

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