A Master of Business Administration, or MBA, provides a broad business education at Graduate Business Schools covering many areas, including management, accounting, finance, economics and entrepreneurship. Earning an MBA can lead to opportunities for career advancement, as graduates of this program gain leadership and managerial skills. Depending on a school's academic programs, students can choose either a general MBA or a specialized degree, which focuses on a specific area of study. Some business schools may require students to have several years of work experience for entry into a full-time MBA program, which typically take two years to complete.