What Is an M.B.A. Degree?

Video Transcript

"Hi, my name is Samir Malik and I'm a private tutor for middle school and high school students here in the Austin area. Today we're going to be discussing, What Is an MBA Degree? Now, an MBA basically stands for Masters in Business Administration. Now, in order to get into an MBA program, you must have, first of all, an undergraduate degree. And that undergraduate degree could be in engineering, could be in business, could be in computer science, could be in English, could be in any field. But, you must have that undergraduate degree before being enrolled in an MBA program. Secondly, you need to take what is called the GMAT exam is you are wanting to enroll in an MBA program in the United States. The GMAT exam is roughly a two and a half to three hour exam. It is computerized, it is multiple choice. And, after taking this exam, you can decide where you want the GMAT scores to be sent to, which universities you want them to be sent to, and they'll go ahead and send those scores to those schools. Upon completion of the GMAT exam, you will need to apply to various MBA schools, and, where they offer the program. And once you get accepted, you can go ahead and start your MBA program. Now, an MBA, a full time MBA program will last approximately two years. If you do it on a part time level, it can last up to three to three and a half years, depending on how rigorously motivated you are to complete the MBA program. But in general, a full time MBA program will take two years. And the benefits of having the MBA degree is that it gives you the business sense and the business skills and the business knowledge to be able to manage your own business effectively and professionally. So, it is definitely worth investing those two years in an established institution to get an MBA degree, and be able to then take on a much higher level role at a corporation. Or, if it's for managing your own business, you will have the skill sense involved in being able to manage your own private business more effectively to ensure that your business succeeds."