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TeachMeFinance.com - explain OMB OMB 'OMB' is an abbreviation. It stands for 'Office of Management and Budget; operations management branch'. Previous 5 Terms: OL OLD OLS OM OMA Next 5 Terms: OMC OMF OMS OMT OMT-OMTP Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.