Monday, July 9, 2007

History of MBA

Since the inception of the MBA program in the USA in the early 1900s - but especially since the more widespread adoption of MBA programs in other parts of the world - the MBA program has been in a state of continual innovation and change. Initially most programs were full time and of two years duration, but now there is a wide range of program structures and durations.

History of MBA In USA

The two year full time program or its equivalent is still common in the USA and certain other countries - e.g. Spain. The initial argument to support the belief that two years was an appropriate length related to the amount that needs to be covered in a general management - i.e. a wide based program. This view was never fully supported in some countries - where it was argued - that those entering programs had a higher level of education and had had more exposure to business topics in their first degrees. So - in the UK for example - whilst both the London and Manchester Business Schools which were set up in the late 1960s started with two year full time MBAs - all of the other Schools in the country at that time offered 1 year programs.

Now in the UK the one year program is the norm and the previous two year programs have been reduced somewhat - at least for some types of candidate. In France - INSEAD -the international (rather than French) School has always run a 1 year program, despite being modelled on American lines

Basic types of MBA programs


Full-time MBA programs are the most common, normally lasting two years. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students.

Accelerated MBA programs are a variation of full time programs, lasting 18 months or less, involving a higher course load.

Part-time MBA programs normally hold classes on weekday evenings, after normal working hours. 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.

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 – profit, nonprofit, government — representing a variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council[4] was formed in 1981 to advance executive education.

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 respectable schools offer these programs; however, so do many diploma mills. Potential students should check the school's accreditation before undertaking distance learning coursework.

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