Master of Business Administration - Wikipedia, the free encyclopedia. The Master of Business Administration (MBA or M. B. A.) is a master's degree in business administration (management).
The MBA degree originated in the United States in the early 2. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.
The MBA is a terminal degree and a professional degree. Business schools in many countries offer programs tailored to full- time, part- time, executive (abridged coursework typically occurring on nights and/or weekends), and distance learning students, many with concentrations. History. In 1. 90. Tuck School of Business was founded at Dartmouth College.
Europe has some of the most esteemed academic institutions in the world offering graduate psychology programs. Earning a Masters degree in Psychology in Europe can provide students with a unique and well-rounded educational experience that combines. In the US that would be NU Kellogg, Cornell, Mich Ross, DePaul, USC, UCLA. In Europe 1-year programs are more common. Check out Tanaka, INSEAD, ESADE --- there are many more recognized programs here. Cornell 1 yr is for someone with Graduate degree.
The number of MBA students at Harvard increased quickly, from 8. Other countries preferred that people learn business on the job. The three major accrediting bodies in the United States are: All of these groups also accredit schools outside the US. The AACSB, the ACBSP, and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA).
- Complete your MBA in one year with our Accelerated MBA Online offered through Benedictine University's online graduate programs. Benedictine's accelerated MBA program is designed for motivated professionals who want to complete their degree faster by.
- I have been offered a place to study MSc. Accounting, Finance and Management at the University of Bradford-UK!
- Copenhagen Business School (CBS) is a century-old institution and one of the largest business schools in Northern Europe with over 22,000 students in total. As one of just a handful of business schools to be accredited by AMBA, EQUIS and AACSB, an MBA.
Bodies that accredit institutions as a whole include: Other countries. Some of the leading bodies in India that certify MBA institutions and their programs are the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC).
A distance MBA program needs to be accredited by the Distance Education Council (DEC) in India. The Council on Higher Education (CHE) in South Africa, the European Foundation for Management Development operates the European Quality Improvement System (EQUIS) for mostly European, Australian, New Zealand and Asian schools, the Foundation for International Business Administration Accreditation (FIBAA), and Central and East European Management Development Association (CEEMAN) in Europe. Programs. For example, in the Northern Hemisphere, they often begin in late August/September of year one and continue until May of year two, with a three- to four- month summer break in between years one and two. Students enter with a reasonable amount of prior real- world work experience and take classes during weekdays like other university students.
A typical Full- time, accelerated, part- time or modular MBA requires 6. Accelerated MBA programs are a variation of the two- year programs. They involve a higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less 'down time' during the program and between semesters. For example, there is no three to four- month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation.
Accelerated programs typically have a lower cost than full- time two- year programs. Part- Time MBA programs normally hold classes on weekday evenings, after normal working hours, or on weekends. Part- time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met. Evening (Second Shift) MBA programs are full- time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who can not leave their work to pursue a full- time regular shift MBA. Most second shift programs are offered at universities in India.
Modular MBA programs are similar to part- time programs, although typically employing a lock- step curriculum with classes packaged together in blocks lasting from one to three weeks. Executive MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA (or another business- related graduate degree) in two years or less while working full- time. Participants come from every type and size of organization .
EMBA students typically have a higher level of work experience, often 1. MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1. Full- time executive MBA programs are a new category of full- time 1 year MBA programs aimed at professionals with approx. They are primarily offered in countries like India where the 2- year MBA program is targeted at fresh graduates with no experience or minimal experience. These full- time executive MBA programs are similar to 1 year MBA programs offered by schools like Insead and IMD.
Distance learning MBA programs hold classes off- campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non- interactive broadcast video, pre- recorded video, live teleconference or videoconference, offline or online computer courses.
Many schools offer these programs. Blended learning programs combine distance learning with face- to- face instruction. This is generally achieved by allowing core courses of one program count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years. Mini- MBA is a term used by many non- profit and for- profit institutions to describe a training regimen focused on the fundamentals of business. In the past, Mini- MBA programs have typically been offered as non- credit bearing courses that require less than 1.
However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that they may be applied towards a complete traditional MBA degree. This is to allow students to verify business related coursework for employment purposes and still allow the option to complete a full- time MBA degree program at a later period, if they elect to do so. Admissions criteria.
Some schools are also interested in extracurricular activities, community service activities or volunteer work, and how the student can improve the school's diversity and contribute to the student body as a whole. The Graduate Management Admission Test (GMAT) is the most prominently used entrance exam for admissions into MBA programs. The Graduate Record Examination (GRE) is also accepted by almost all MBA programs in order to fulfill any entrance exam requirement they may have. In order to achieve a diverse class, business schools also consider the target male- female ratio and local- international student ratios.
In rare cases, some MBA degrees do not require students to have an undergraduate degree and will accept significant management experience in lieu of an undergraduate degree. In the UK, for example an HND or even HNC is acceptable in some programs. Depending on the program, type and length of work experience can be a critical admissions component for many MBA programs. After the first year, many full- time students seek internships. In the second year, students pursue elective courses, which often go towards a specialization. The degree culminates with coursework in business strategy. A dissertation or major project is usually a degree requirement after the completion of coursework.
Topics in business ethics may also be included. For Executive MBAs, the curriculum is generally similar.
Theory is covered in the classroom setting by academic faculty, and is reinforced through the case method, placing the student in the role of the decision maker. Similar to real world business situations, cases include both constraints and incomplete information. Practical learning (field immersion) often comprises consulting projects with real clients, and is generally undertaken in teams. Additionally, many other elective options of a more specialized nature are offered by various institutions. Capstone. Strategystrategic management, business leadership. Researchresearch methodology, dissertation/ major project.
Common Specializations/Concentrationsaccounting, entrepreneurship, finance (including corporate finance and investment management), international business, healthcare administration, human resources, management information systems, management science, marketing, operations management, organizational design, project management, real estate, risk management and strategy, among others. The typical core. Many courses begin with the basics and then progress to advanced topics most relevant to MBAs.
The various finance related core courses have very specific names (e. Managerial Economics, Accounting for MBAs, Business Statistics/Quantitative Analysis, Managerial Finance, and Economic Policy). The names of core courses sometimes vary, but the core content is typically the same. The accounting course(s) may treat financial and management accounting separately. Managerial economics is a staple in core MBA curriculum and mainly focuses on product pricing.
Operations Research and statistics are sometimes combined as . In many programs, applicants with appropriate background may be exempt from some of the analytical coursework.
For the functional courses, some programs break the curriculum into two sections. Here, the first course provides an overview, while the second revisits the subject in depth. Alternatively, the first addresses short- term, tactical problems, while the second addresses long- term, strategic problems (e. The finance course in an MBA program, whether called Financial Management or Managerial finance, will deal heavily in the valuation of financial assets.
Information systems / technology is often included as a core functional course rather than an elective. Ethics training is often delivered with coursework in corporate social responsibility and corporate governance.