What is an MBA?

Question

Is it the same thing as a bachelors.

Answer 1

It is a Master's Degree in Business Administration. And no, it is not the same thing as a Bachelor's Degree -- it requires more education than a Bachelor's and is usually the degree one gets after getting a Bachelor's.

Answer 2

An MBA is a Masters in Business Administration. To get a Masters, you would have to get a Bachelors in something first.

Some colleges/universities offer special programs where you can go in on like a 5-yr schedule, get your Bachelors and then go directly into an MBA program.

Answer 3

An MBA is a Masters degree in Business Administration. You would continue to go to school after receiving a Bachelors degree to obtain a Masters. I think it typically takes an additional 2 years.

Answer 4

It's not the same as a bachelor's degree. It is Masters of Business Administration. Most universities expect a bachelor's degree in business. Even if they don't expect that, you will need to take any prerequisite courses. They usually total 30 credit hours or more.

Answer 5

MBA is abbreviated as Master in Business Administration it's not bachelors but post graduation. you must be more specific as there are many institutions providing this course. you can also get help from the site edulink.com.

Answer 6

it is a masters in business adminestration, im currently working my bachelors right now. A bachelors takes about 4 years to finish where as a masters takes about 6 years.

Answer 7

Master's of Business Administration

Answer 8

master of bugger all

Answer 9

Master of Business Administration (MBA) is a master's degree in business administration, which attracts people from a wide range of academic disciplines.

Contents [hide]
1 History
2 Executive MBA
3 Admissions criteria
4 Program content
4.1 Breadth
4.2 Specialization
4.2.1 MBAs in Academic advancement
4.2.2 MBAs in Management consulting
5 Non-USA based MBA Programs
5.1 France
5.2 Ireland
5.3 UK
5.4 South Africa
5.5 Asia
5.6 Australia
6 External accreditation
7 See also
8 External links



[edit]
History
The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. The first American business school, Wharton School of the University of Pennsylvania, was established in 1881 (initially as an exclusively undergraduate institution). Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the USA. Founded in 1900, it was the first institution to confer advanced degrees (masters) in commercial sciences, the forebearer of the modern MBA.

In 1881 the Chamber of Commerce and Industry of Paris founded École des Hautes Études Commerciales (HEC) as one of the first business schools in Europe. In 1898 the University of St. Gallen and in 1909 the Stockholm School of Economics were also founded as some of the first business schools in Europe. HEC Montréal was founded as Canada's first school of management in 1907. As the US MBA model emerged at the turn of the 20th century, Europeans developed centres of excellence in business, such as at the universities of London and Manchester. Elsewhere in Europe colleges such as Cass Business School, London, IMD, Instituto de Empresa, INSEAD, Henley Management College, Cranfield School of Management and Ashridge were set up to provide management training. In 1968, the Asian Institute of Management was founded. In 1964, University College Dublin became the first European university to offer a MBA, followed in 1969 by the HEC MBA Program.

In the United States, by one estimate, the average cost of earning an MBA via an accredited full-time program (excluding room and board) rose from $124,000 in 1993 to $162,000 in 2001 (see Davies and Cline, 2005). The bulk of the cost is in the form of foregone earnings ($109,000 in 1993 and $139,000 in 2001). Accounting for the decrease in expected unemployment as well as the increase in expected wages and expected wage growth, the financial benefits to holding an MBA degree are the equivalent of an 18% rate of return on the cost of the degree (see Davies and Cline, 2005).

[edit]
Executive MBA
Executive Master of Business Administration (EMBA) programs were first established for senior executives by the University of Chicago in 1943 and are now offered by many schools worldwide.

An EMBA is essentially a part-time MBA, but the average student profile is slightly different. These programs are aimed at experienced executives who prefer not to take a career break to take a full-time MBA and typically require significant business experience to gain admission. Unlike their counterparts on full-time MBA programmes, EMBA students are able to implement and practice what they learn in the classroom in their job as they learn and there are greater opportunities to learn from classmates.

These programmes may serve as finishing schools for upwardly mobile executives, or as catch-up educational opportunities for technical executives who lack business expertise.

[edit]
Admissions criteria
Programs usually base admissions on the GMAT test, significant work experience, academic transcripts, essays, references, and personal interviews. Schools are also interested in extracurricular activities and community service activities. The latter is more important for what are considered top-tier full-time MBA programs.

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Program content
Most of the top MBA programs cover the similar subjects within the core required courses. For more information as to the typical content of a core MBA program, please check out the MBA course overview at the Wikibooks MBA page.

[edit]
Breadth
MBA programs expose students to a variety of subjects, including economics, organizational behaviour, marketing, accounting, finance, strategy, operations management, international business, information technology management, and government policy.

A traditional full time MBA in the United States includes two years of study. Students study a wide breadth of courses in the program's first year, then pursue specialisation in the second year. An internship is typically sought in the interim summer.

In other parts of the world programmes can last for longer or shorter periods. Typically in Europe the duration is between 1-2 years, one less than in the United States (2-3)

[edit]
Specialization
Many programs allow students to specialise in a particular area, such as organizational behaviour, marketing, accounting, finance, operations management, technology management, health systems administration, insurance management, strategy or international business. Unspecialised MBA programs often focus second-year studies on strategy.

[edit]
MBAs in Academic advancement
Although regarded as a professional degree, completion of an MBA does not preclude admission to a Ph.D program. Most MBA programs include research, analysis and statistics course work and also provide opportunities for masters-level writing.

MBAs from universities evaluated by United States National Research Council (USNRC) may equip future scholars and professors. Such MBA category is a milestone for both professional and academic career advancement. Refer to faculty directories of such schools and USNRC ratings.

[edit]
MBAs in Management consulting
Business schools and leading media announced on regular basis recruitment of MBAs by leading management consulting firms.

[edit]
Non-USA based MBA Programs
Today, MBA/DBA designations can be found anywhere and even accessed through on-line, distance learning or e-learning, such as that offered by the Open University Business School of the UK which has students world-wide. Because of the varying standards of MBAs worldwide, many of the elite business schools are accredited by independent bodies, such as the Association of MBAs and the European Foundation for Management Development.

[edit]
France
France has initiated one-year MBA programs, with INSEAD MBA pioneering this formula in 1959. Most of the Grandes écoles also offer respected MBA programs, including Sciences-Po - of course (Full Time 9-month MBA program), ESCP-EAP (the oldest business school in the world, founded in Paris in 1819), ESSEC, HEC, EM-Lyon, ESC Rouen and EDHEC. University-based French business schools have created since then (mostly in the 1990s) their own 12 to 24-month MBA programs, but with a much lower emphasis on internationalization and diversity.

[edit]
Ireland
Trinity College, Dublin's school of business studies offers a 1.5 year full-time MBA program.

University College Dublin's Michael Smurfit Graduate School of Business offers a full-time 12 month MBA program and also offers an EMBA program of two year's duration.

[edit]
UK
MBA programs in the UK differ from those in the United States, in that students typically have significantly more work and managerial experience than their American counterparts. This allows mature students to add the benefit of their work and life experiences to be shared with other students. Because of this, many full-time MBA programmes in the UK typically last one academic year (as compared with two academic years in the United States, and at older UK MBA programs, such as those at Cranfield School of Management, Manchester Business School, University of Warwick and Strathclyde Business School). A number of UK Business Schools also offer the MBA by distance learning e.g. University of Leicester and University of Warwick. The Open University's MBA is completed by distance learning and is one of the few MBA's to be accredited by EQUIS, AACSB and AMBA. The London Business School offers a two year full-time MBA.

The UK Government announced in its April 2004 budget that persons holding an MBA degree from the world's top fifty business schools will be entitled to work in the UK for one year. After this year has elapsed, they are likely to qualify for the UK's Highly Skilled Migrant Programme. This, in effect, means that an MBA from one of the top schools is a ticket to UK residency status.

[edit]
South Africa
Few people are aware that South Africa was home to the first MBA outside of the USA. The Graduate School of Management at the University of Pretoria (GSM) was founded in 1949 and two years later, 25 graduates received their MBA degrees – the first to be awarded by a non-American university.

In 2004, South Africa’s Council on Higher Education (CHE) completed an extensive re-accreditation of MBA degrees offered in the country, undoubtedly raising the standard of local programmes. The process was the first of its kind in the world to be undertaken by a statutory body and attracted widespread international media attention for its innovation and thoroughness.

[edit]
Asia
International MBA programs are acquiring brand value in Asia by way of institutions like Indian School of Business (which partners Kellogg and Wharton), Asian Institute of Management, Manila; 6 IIMs and XLRI, Jamshedpur, SPJIMR and NITIE, in India. In Pakistan LUMS is also recognized as an international business management school. While a foreign MBA is still preferred in Korea, many students are now studying at one of many "Global MBA" English language programs being offered. Hong Kong and Singapore are also becoming MBA destinations. For North American students who want a different experience, many of these programs offer scholarships and discounted tuition, to encourage an international environment in the classroom.

[edit]
Australia
The Australian Graduate School of Management (AGSM) is a school of both the University of Sydney and the University of New South Wales (UNSW) and has about 10,000 alumni. Its MBA Program costs AUD$52,920 (2007) and is AACSB accredited.

The Brisbane Graduate School of Business at Queensland University of Technology is the first MBA in Australia to have the triple crown of accreditation. The MBA was ranked among the top 100 in the world in 2004.

The University of Canberra's School of Business and Government offers a coursework and practically-oriented MBA to meet the needs of full and part-time graduate students from Australia and the Asia-Pacific region. It is presented in a range of teaching formats covering lectures, tutorials, seminars and case studies. It can also be undertaken in variery of flexible delivery modes, including tutorials and lectures on Saturdays, afterhours and during a Summer School. This enables professionals to blend work, family and study commitments in a way that suits their needs. A wide range of cross disclinary electives also enable students to achieve a high degree of specialisation to suit their particluar professional circumstances. The University of Canberra has been ranked eighth with respect to excellence in learning and teaching by the Department of Employment, Education, Science & Training. This MBA has also received a 5 star rating from the Good Universities Guide for employment outcomes. The MBA costs around $22,000.

The Macquarie Graduate School of Management (MGSM) was established as part of Macquarie University in 1969. Macquarie's MBA Program costs AUD$46,400 (2006) and is EQUIS accredited.

Melbourne Business School is a school of the University of Melbourne. It has about 9,000 alumni. Its MBA costs around AUD$50,000.

The Sydney Graduate School of Management (SGSM) is part of the University of Western Sydney (UWS). SGSM's MBA may be completed as a one year full-time or two to three years part-time program and costs AUD$33,000 (2006/2007).

[edit]
External accreditation
Business schools and MBA courses may be accredited by external bodies which provide students and employers with an independent view of their quality.

Accreditation may be provided by

The Association to Advance Collegiate Schools of Business (AACSB) - mostly American schools. AACSB accreditation is generally regarded as being the most prestigious of MBA accreditations and being the top 15% of US business schools in USA.
The Association of Collegiate Business Schools and Programs (ACBSP) - mostly American schools
European Quality Improvement System (EQUIS) - mostly European schools
Association of MBAs (AMBA) - mostly non-American schools
The International Assembly for Collegiate Business Education (IACBE) - some American schools
[edit]
See also
Bachelor of Business Administration (BBA), a bachelor degree in business administration
Doctor of Business Administration (DBA), a doctorate in business administration
Business schools, for lists of business schools across the globe