ETS Major Field Test for Master of Business Administration (MFT-MBA).
📋 Exam Overview
The ETS MFT-MBA is a standardized, comprehensive exam administered to MBA
students, typically near the end of their program. It assesses knowledge across the core
business curriculum.
Aspect Details
Format Multiple-choice questions
Content Accounting, Finance, Marketing, Management, Operations, Economics, Strategic Planning
Areas Quantitative Analysis, Organizational Behavior
Question
Scenario-based application of concepts, not just definitions
Type
Scoring Comparative—your score is compared to a national norm group of MBA students
Length Approximately 2 hours (varies by institution)
🗂️ Core Content Domains & Topics
1. Accounting (15-20%)
• Financial Accounting: Balance sheet, income statement, cash flow statement;
ratio analysis (liquidity, profitability, solvency)
, • Managerial Accounting: Cost-volume-profit analysis, break-even point,
contribution margin, variance analysis, activity-based costing
• Key Formulas:
o Break-Even Point (units) = Fixed Costs / Contribution Margin per Unit
o Contribution Margin = Sales Revenue - Variable Costs
o Current Ratio = Current Assets / Current Liabilities
2. Finance (15-20%)
• Corporate Finance: Capital budgeting (NPV, IRR, Payback Period), cost of capital,
capital structure, dividend policy
• Investments: Risk and return, portfolio theory (CAPM), diversification, valuation
(stocks, bonds)
• Key Formulas:
o NPV = Σ (Cash Flow / (1 + r)^t) - Initial Investment
o CAPM: Expected Return = Risk-Free Rate + Beta × (Market Return - Risk-Free
Rate)
3. Marketing (15-20%)
• Marketing Strategy: 4Ps (Product, Price, Place, Promotion), market segmentation,
targeting, positioning
• Consumer Behavior: Buyer decision process, brand loyalty, perception,
motivation
• Marketing Research: Survey design, data collection, analysis, interpretation
4. Management & Organizational Behavior (15-20%)
• Management Theories: Classical, behavioral, contingency, systems approaches
📋 Exam Overview
The ETS MFT-MBA is a standardized, comprehensive exam administered to MBA
students, typically near the end of their program. It assesses knowledge across the core
business curriculum.
Aspect Details
Format Multiple-choice questions
Content Accounting, Finance, Marketing, Management, Operations, Economics, Strategic Planning
Areas Quantitative Analysis, Organizational Behavior
Question
Scenario-based application of concepts, not just definitions
Type
Scoring Comparative—your score is compared to a national norm group of MBA students
Length Approximately 2 hours (varies by institution)
🗂️ Core Content Domains & Topics
1. Accounting (15-20%)
• Financial Accounting: Balance sheet, income statement, cash flow statement;
ratio analysis (liquidity, profitability, solvency)
, • Managerial Accounting: Cost-volume-profit analysis, break-even point,
contribution margin, variance analysis, activity-based costing
• Key Formulas:
o Break-Even Point (units) = Fixed Costs / Contribution Margin per Unit
o Contribution Margin = Sales Revenue - Variable Costs
o Current Ratio = Current Assets / Current Liabilities
2. Finance (15-20%)
• Corporate Finance: Capital budgeting (NPV, IRR, Payback Period), cost of capital,
capital structure, dividend policy
• Investments: Risk and return, portfolio theory (CAPM), diversification, valuation
(stocks, bonds)
• Key Formulas:
o NPV = Σ (Cash Flow / (1 + r)^t) - Initial Investment
o CAPM: Expected Return = Risk-Free Rate + Beta × (Market Return - Risk-Free
Rate)
3. Marketing (15-20%)
• Marketing Strategy: 4Ps (Product, Price, Place, Promotion), market segmentation,
targeting, positioning
• Consumer Behavior: Buyer decision process, brand loyalty, perception,
motivation
• Marketing Research: Survey design, data collection, analysis, interpretation
4. Management & Organizational Behavior (15-20%)
• Management Theories: Classical, behavioral, contingency, systems approaches
