| It's a masters degree in the field of business. Stands for Masters of Business Administration. And no, not everyone has one in the engineering field. *Some* people have MBAs, if they want to go into management of the engineering firm or of the company, but it's not a requirement by any stretch of the imagination.
In a lot of companies, the managers make more money, and in order to be a manager, candidates should have an MBA, but this isn't the hard-and-fast rule of engineering. In a lot of firms, the senior engineers make more money than the firm managers. It really depends upon the company. |