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The MBA (Master of Business Administration) degree is probably the worlds best known and most widely recognized post
graduate degree. It is a professional degree - in that it is intended for those who work in business and management i.e., the
intention of a program leading to an MBA is to prepare or further prepare individuals for responsible positions in business - usually
managerial positions. MBA programs are run throughout the world, as they are seen to be relevant for the preparation of people
for work in management irrespective of the industry, business sector, the nature of the economy, etc.
In fact the degree is a bit of a misnomer. For most people this is a management degree, and it is not only relevant and of value to
those in 'business' - as normally defined - but also those in government, the public sector etc. The MBA degree title has always
been used in the USA - where it was first developed, but not always in other countries. In the UK for example - where Post
Graduate degree level management education only began to develop from the late 1960s the title was not initially used. For
example the main schools at that time used the MSc and MA degree titles. From around 1980 however most established
programs around the world had adopted the MBA title. There are of course programs which look very much like what other
Schools would call an MBA - which still lead to degrees with other titles. Such titles include MBL (Master of Business Leadership -
predominantly in S. Africa), MBS (Master of Business Studies), MSc and MA as well as more specialist degrees e.g., Master of
Finance. Often such programs are seeking deliberately to differentiate themselves from other programs
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. 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
In general there have been three trends which have characterised the development of MBA programs in the last 20 years -
A greater diversity, especially of types of program, i.e., different program structures; e.g., part time, modular, consortium,
international, joint, etc. (see Glossary for the definition of these terms), but also of program purpose - i.e., programs aimed at
different groups of people - whether in different business sectors, or people of different age groups.
An increasing internationalization of programs and program provision. This is evident in the internationalization of the content -
i.e., the curriculum of programs - a development which has resulted from the increasing internationalization of business plus the
fact that more managers are now engaged, or expect to be engaged in international roles. The internationalization of provision
has been driven by the increasing demand for programs - thus MBA are now offered worldwide - to satisfy local markets.
It follows from much of the above that there is no such thing as 'the MBA program' but rather a vast range of different types of
program. This makes the matter of choice both very difficult and very important. Some advice on how to choose a School and an
MBA program is given on other pages in this section. Here it is sufficient to note that your choice should be influenced by two
main considerations - your needs and your circumstances. Potential MBA program participants will want to be clear about what
they want to gain from a program - in terms of the skills or competences they wish to develop, whilst also being clear about what
is feasible and appropriate for them - e.g., to fit their budget, time availability, location, etc.
Programs differ enormously in what they offer, the type of experience they provide, their cost, accessibility, duration etc - so
careful research will be needed in order to make the right choice. This site is designed to help you with that research.
MBA : noun {C} ABBREVIATION FOR Master of Business Administration: an advanced degree in business, or a person who has
this. Master of Business Administration. MBA is an advanced university degree in business studies. At many schools, particularly
in the United States, a bachelor’s degree is generally required for admission. Master in Business Administration (MBA) is an
advanced degree which became popular among managers in commercial organisations.
MBA other definitions: An MBA is an acronym for Masters of Business Administration. Potential MBA students must take the
MBA, or Graduate Management Admissions Test.
MBA : (noun) 1: a master's degree in business [syn: Master in Business, Master in Business Administration, MBA]