The Master of Business Administration (MBA) is the most well-known and popular graduate program in the world!

In recent years there has been a huge increase in management education, the biggest increase being in postgraduate courses, particularly the MBA. The main objectives of the MBA are to develop among students the basic skills and competencies in general management.

Most management education is provided by universities and business or management schools. Almost all universities offer the MBA degree in a variety of study modes, such as full-time, part-time, distance learning, self-study, online, or flexible structure.

There are basically two types of MBA, the generalist and the specialist, although the structure is essentially the same for both.

The Generalist MBA consists of approximately three parts. The first part gives students a foundation in basic business skills such as marketing, human resource management, information systems, financial and managerial accounting, and others. The second part allows students to choose topics that are of special interest or relevance to them and focus on them. These subjects of study, known as electives because students choose to study them, will most likely influence their future careers. The third and last part of the MBA is usually a project that students carry out within a company. This will involve solving a particular problem or managing a project, after which students are required to write a dissertation based on their experience.

The specialist MBA has the same course structure; however, it allows students to develop their studies in a more specialized way once they have passed the first part of the course and have a solid foundation in basic business skills. Areas of specialization, for example, could be finance, accounting, human resource management, public administration, marketing, etc.