MBAs Climb to the Top of the Most Popular Degree List

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It's good to be in the business of teaching business. For the first time ever, the MBA has surpassed education as the most popular master's degree, according to a story on the business education website Poets & Quants.

The MBA accounted for 25.4 percent of all advanced degrees, compared to 23.6 percent for master's degrees in education, the article said, referring to 2011-2012 data, the latest available.

"The remarkable growth of the MBA—largely due to its widespread acceptance by employers and the almost assured return-on-investment of the degree—has been fairly steady during the past half century, making the degree the most successful educational product of the past 50 to 100 years," according to the article.

It said that education has long been the most popular because many states require it before someone can become a teacher.