The Major Field Test for Master of Business Administration (MFT-MBA) contains 124 multiple-choice questions, half of which are based on short case-study scenarios. Programs can choose when and where to administer the test. The test, which must be given by a proctor, is designed to take three hours and may be split into two sessions. Mathematical operations do not require the use of a calculator. Most of the questions require knowledge of specific information drawn from four content areas: marketing, management, finance and managerial accounting. Some questions require strategic integration skills — the ability to integrate knowledge of two or more content areas. The test also includes questions that focus on: international business, information technology, the legal and regulatory environment, business ethics and social responsibility, quantitative analysis, and managerial economics. A unique feature of MFT-MBA design is the capability of measuring critical thinking ability — that is, the test assesses the ability to: • analyze and interpret data • apply concepts and ideas • analyze theories and relationships deductively and inductively The overall scaled score measures critical thinking and reasoning within the domain of a standard MBA curriculum. While MBA curricula encompass many subfields and specialties, the MFT-MBA examination is designed to assess skills and subject matter common to most programs. The distribution of the content areas and a list of the topics covered are as follows
Test Outline (4NMF) Copyright © 2017 by Educational Testing Service. All rights reserved. ETS, the ETS logo and MEASURING THE POWER OF LEARNING are registered trademarks of Educational Testing Service (ETS). 37875 I. Marketing (25%) A. Strategic Marketing 1. Metrics and Control Mechanisms 2. Environment Scanning and Marketing Planning 3. Innovation B. Buyer Behavior 1. Consumer and Business Purchasing Processes 2. Factors Influencing Consumer and Business Purchasing 3. Segmentation C. Market Research 1. Competitive Intelligence 2. Research Process, Concepts and Tools 3. Managerial Decision Making D. Marketing Planning: Target Segments and Marketing Mix 1. Specifying Target Markets 2. Pricing 3. Products/Services 4. Promotion 5. Channels & Distribution/Supply Chain II. Management (25%) A. Organizational Behavior 1. Leadership 2. Teams 3. Conflict 4. Negotiation 5. Motivation B. Human Resource Management 1. Recruiting and Selection 2. Compensation 3. Employment Planning 4. Training and Development C. Organizational Theory 1. Organizational Change & Development 2. Organizational Structure Design 3. Systems Thinking 4. Entrepreneurship/Small Business Management
D. Operations Planning/Management Science 1. Quantitative Decision Making Models 2. Quality/Process Management 3. Supply Chain Logistics 4. Planning 5. Control 6. Service Management III. Finance (25%) A. Corporate Finance 1. Capital Budgeting 2. Cost of Capital 3. Capital Structure 4. Dividend Policy 5. Working Capital Management 6. International Finance B. Investments 1. Financing Instruments 2. Risk and Return 3. Securities Valuation and Analysis 4. Options, Futures and Other Derivatives C. Financial Markets and Institutions 1. Capital Markets 2. Money Market 3. Market Efficiency 4. Investment Banking
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