define mba degree.
What is a 'Master Of Business Administration - MBA'. A master of business administration (MBA) is a graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus, such as accounting, finance or marketing. An MBA is a level up from an undergraduate business degree. An MBA generally places the graduate well above those with only undergraduate degrees. Most major universities and colleges provide MBA programs, which usually last two years.