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Master of Business Administration MBA Master in Business Administration

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20 views2 pages

Master of Business Administration MBA Master in Business Administration

Uploaded by

amit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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MBA" redirects here. For other uses, see MBA (disambiguation).

A Master of Business Administration (MBA also Master in Business Administration) is


a professional postgraduate degree focused on business administration.[1] The core courses in an
MBA program cover various areas of business administration; elective courses may allow further
study in a particular area but an MBA is normally intended to be a general program. It originated in
the United States in the early 20th century when the country industrialized and companies
sought scientific management.[2]

MBA programs in the United States typically require completing about forty to sixty semester credit
hours, much higher than the thirty semester credit hours typically required for other US master's
degrees that cover some of the same material. The UK-based Association of MBAs accreditation
requires "the equivalent of at least 1,800 hours of learning effort", equivalent to 45 US semester
credit hours or 90 European ECTS credits, the same as a standard UK master's
degree. Accreditation bodies for business schools and MBA programs ensure consistency and quality
of education. Business schools in many countries offer programs tailored to full-time, part-
time, executive (abridged coursework typically occurring on nights or weekends) and distance
learning students, many with specialized concentrations.

An "Executive MBA", or EMBA, is a degree program similar to an MBA program that is specifically
structured for and targeted towards corporate executives and senior managers who are already in
the workforce.[3]

History

In 1900, the Tuck School of Business was founded at Dartmouth College[4] offering the first advanced
degree in business: the Master of Science in Commerce, a predecessor of the MBA.[5] The first MBA
was launched eight years later, at the Harvard Graduate School of Business Administration, with 15
faculty members, 33 regular students and 47 special students.[6][7] Its first-year curriculum was based
on Frederick Winslow Taylor’s theory of scientific management. The number of MBA students at
Harvard increased quickly, from 80 in 1908, over 300 in 1920, and 1,070 in 1930.[8] At this time, only
American universities offered MBAs, although business schools offering other qualifications had
existed in Europe since the 18th century.[8][9]

Other milestones include:

• 1943: First Executive MBA (EMBA) program for working professionals at the University of
Chicago Booth School of Business.[10]

• 1950: First MBA outside of the United States, in Canada (Ivey Business School at The
University of Western Ontario),[11] followed by the University of Pretoria in South Africa in
1951.[12]

• 1953: First MBA offered at an Asian school at the Indian Institute of Social Welfare and
Business Management in Calcutta.[13]

• 1957: First MBA in Europe, and the first one-year MBA, offered by INSEAD.[14][15]

• 1963: First MBA program offered in the Spanish-speaking world by ESAN- Graduate School of
Business in Perú (South America), under the direction of the Stanford Graduate School of
Business, United States. Sponsored by the USAID- United States Agency for International
Development, at the request of former President John F. Kennedy, which organizes the main
business schools in the United States to study and explore the possibilities of developing
management education projects in Latin America. Thus, on July 25, 1963, la Escuela de
Administración de Negocios para Graduados-ESAN was founded, within the framework of an
agreement between the governments of Peru and the United States to offer the Master's
program in Business Administration for interested applicants from all over Latin America.[16]

• 1963: First MBA offered in Korea by Korea University Business School (KUBS).[17][18]

• 1994: First online executive MBA program at Athabasca University (Canada).[19][20]

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