The Master of Business Administration (MBA) is an internationally-recognized degree designed to prepare students and further develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the 'business' world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas. MBA programs can provide graduates with the preparation and practical skills needed to excel in management and leadership positions.