What is the definition of An MBA?

An MBA is a professional qualification gained from completing an MBA course at a business school. It stands for Masters of Business Administration. Typically, people working in investment banking and finance will work for 2-3 years out of graduate school, then complete an MBA and rejoin the industry (or move industries) at a higher level.

MBA's are not required but are highly recommended in many industries. A commonly used term is '2+2' meaning working for 2 years out of grad school, then doing a 2-year MBA.