MBA

What It Is

A Master of Business Administration (MBA) is a graduate degree in business.

How It Works

An MBA typically involves the study of accounting, financial markets and instruments, corporate strategy, negotiation, business ethics, statistical analysis, marketing and management. Most full-time MBA programs take two years, though many "executive MBA" programs can take as little as nine months. MBA programs are also available online.

Some business schools are very difficult to get into, and the starting salaries for graduates from those programs are typically higher than the starting salaries for graduates from other business schools. Many schools allow students to specialize in certain areas, such as securities analysis, accounting, sports marketing, information management, tourism, health care, marketing, etc.

Why It Matters

Obtaining an MBA can propel a career significantly and make a person more employable, depending on when and how it is applied and the industry in which a person works. Traditionally, an MBA is most useful in management or financial positions. It is important to note, however, that most of the most successful people in the business world do not have MBAs, and there is no substitute for hard work or a willingness to take risks.

Source: Investing Answers

What It Is

The Mortgage Bankers Association (MBA) is a professional organization that represents the property finance industry in the United States.

How It Works

The Mortgage Bankers Association facilitates communication among mortgage bankers and provides ethical standards to ensure transparent and fair mortgage lending throughout the industry. The Mortgage Bankers Association publishes materials that promote ongoing education for mortgage professionals as well as accessible information for the public. Located in Washington, DC, the Mortgage Bankers Association also addresses issues in mortgage lending that result from industrial and regulatory changes.

Why It Matters

It is important not to confuse the Mortgage Bankers Association with the National Association of Mortgage Brokers, which represents individuals certified to market and sell mortgages to property buyers pending application approval by a lender.

Source: Investing Answers