

While MBAs are the most sought after business degree, there are a few others that you can earn at business school. MBA programs have changed substantially over the years, and they will continue to adapt along with changing economies, technological development, and the call for increased specialization. Some are full-time, two-year programs, while others offer part-time study, specialized training for executives (the EMBA mentioned above), or courses that are conducted entirely online. MBA programs also now come in a variety of shapes and sizes.
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Today, programs tend to include hands-on training and internship opportunities, plus they place more and more emphasis on interpersonal communication, leadership, globalization, and business ethics and morality. Some business professionals looked down on business school education, claiming that it was too theoretical and lacked practical applications.īusiness programs have continued to adapt to make their curriculum ever more applicable to real-world skills. It wasn’t until 1962, for instance, that Harvard began admitting women directly into its MBA program at the Harvard Business School.Īlthough MBA programs became firmly established in the world of graduate education, tension remained around whether business skills could truly be taught in a classroom. Most of these programs excluded women for decades. Canada offered its first MBA program in 1950, and France became the first European country with an MBA program in 1957. In 1921, Shanghai College of Commerce became the first business school in China. Over time, MBA programs grew popular around the U.S. The program had 15 faculty members and awarded eight students an MBA degree after two years of study. The first MBA program (and appearance of our favorite acronym) started at Harvard College in 1908. The first school to address this need was Dartmouth College, which established the Tuck School of Business in 1900 and offered the Master of Science in Commerce program to just a few students. With all of the changes of the Industrial Revolution, though, there arose a clear need for professionals who were skilled in business leadership. In fact, when it first started in the early 1900s, many people were skeptical that business management could be taught in a classroom or that it should be put on the same level as medicine or law. The MBA hasn’t always enjoyed the prestigious reputation it has today. Getting your MBA means you are truly a master of business administration. The MBA is a highly regarded degree in the business world today, but how did it acquire this status? Now that you know the MBA meaning, read on for the history of the degree and how it’s changed over the years. Those who complete an executive program graduate with their EMBA, or Executive Master of Business Administration. These executive programs allow students to specialize in specific areas, such as business operations, customer-centric strategies, globalization, social enterprise, or marketing and sales. Many schools also offer year-long executive MBA programs for executives who already have a high level of specialized experience and are preparing for senior leadership roles. We believe PrepScholar GMAT is the best GMAT prep program available, especially if you find it hard to organize your study schedule and don't want to spend a ton of money on the other companies' one-size-fits-all study plans.
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Not sure how or what to study? Confused by how to improve your score in the shortest time possible? We've created the only Online GMAT Prep Program that identifies your strengths and weaknesses, customizes a study plan, coaches you through lessons and quizzes, and adapts your study plan as you improve. Individuals who can’t commit to a full-time program may study for their MBA on nights and weekends and earn their degree gradually over time. Most MBA programs last for two years, though you may be able to find an accelerated option that grants you your degree after 12 months. A business school curriculum often involves classes in accounting, finance, marketing, management, operations, statistics, information technology, human resources, internationalization, and business ethics.
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It’s a professional degree for students who want a comprehensive education in key areas of business. MBA stands for Master of Business Administration. Let’s kick things off with the million dollar question, what does MBA stand for? Plus, you’ll learn about all of the other options for Master’s degrees in business. This guide will answer all of these questions to give you a solid grounding in the MBA degree. But what does this acronym actually stand for? Beyond the acronym, what does the degree mean, and how has its reputation changed over the years? You probably know that the MBA has something to do with business school.
