23 Facts About MBA


The core courses in an MBA program cover various areas of business administration such as accounting, applied statistics, human resources, business communication, business ethics, business law, strategic management, business strategy, finance, managerial economics, management, entrepreneurship, marketing, supply-chain management, and operations management in a manner most relevant to management analysis and strategy.

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Accreditation bodies specifically for MBA programs ensure consistency and quality of education.

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MBA degree has been adopted by universities worldwide in both developed and developing countries.

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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.

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Full-time executive MBA programs are a new category of full-time one year MBA programs aimed at professionals with approximately five years or more.

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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.

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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.

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MBA admissions consulting services exist to counsel MBA applicants to improve their chances of getting admission to their desired Business Schools.

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In general, MBA programs are structured around core courses — an essentially standard curriculum — and elective courses that allow for a subject specialty or concentration.

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The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum.

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In 1972, Swiss business school IMEDE began offering a full-time MBA program, followed by IE Business School in 1973, and AGH University of Science and Technology in Cracow, Poland in 1974.

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All of the founding members of the association to have their MBA programs accredited by partner institutions in the United Kingdom or the United States of America.

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Portuguese MBA programs are increasingly internationally oriented, being taught in English.

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Recently MBA programs appeared in Ukraine where there are now about twenty schools of business offering a variety of MBA programs.

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Ukrainian MBA programs are concentrated mainly on particulars of business and management in Ukraine.

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AMBA offers the only professional membership association for MBA students and graduates.

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MBA programs are offered in many public and private universities.

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For example, while a foreign MBA is still preferred in the Philippines, many students are now studying at one of many "Global MBA" English language programs being offered.

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English-only MBA programs are offered in Hong Kong, Indonesia, Malaysia, Singapore, South Korea, Taiwan, and Thailand.

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The concept of an MBA is still not considered mainstream as traditional companies still perceive that knowledge and learning with respect to business and management can only be effectively gained through experience and not within a classroom.

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The Otago MBA is the longer established of the two, offering a 240 points program while AUT MBA is a 180-point program.

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The first MBA program was offered in 1963 by Korea University Business School.

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Deans at top business schools have acknowledged that media and public perception of the MBA degree shifted as a result of the financial crisis.

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