the master of business administration

The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration (management). The MBA degree was originated in the United States in the late 19th century when the country industrialized and companies sought scientific approaches to management. The core courses in an MBA program cover various areas of business such as accounting, finance, marketing, human resources, and operations in a manner most relevant to management analysis and strategy. Most programs also include elective courses.

The MBA is a terminal degree and a professional degree.^[1] Accreditation bodies specifically for MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive, and distance learning students, many with specialized concentrations.

History[edit]

The first graduate school of business in the United States was the Tuck School of Business at Dartmouth College.[2] Founded in 1900, it conferred the first advanced degree in business, specifically, a Master of Science in Commerce, the predecessor to the MBA.[3]

The Harvard Graduate School of Business Administration established the first MBA program in 1908, with 15 faculty members, 33 regular students, and 47 special students.[4][5] Its first-year curriculum was based on Frederick Winslow Taylor's scientific management.

At the Massachusetts Institute of Technology, the Sloan Fellows Program was established in 1930 as the first management and leadership education program for executives and mid-career experienced managers. Today, Sloan Fellows graduate with an MBA, an MS in Management, or an MS in the Management of Technology (MOT).[6][7]

The University of Chicago Booth School of Business offered working professionals the first Executive MBA (EMBA) program in 1943,[8] and was the first business school to establish permanent campuses on three continents in Chicago (USA), Barcelona (Europe) and Singapore (Asia). Most business schools today offer a global component to their executive MBA. Since the program was established, the school has moved its campuses and is now based in Chicago, London and Hong Kong.

In 1946, Thunderbird School of Global Management was the first school to offer an MBA program focused on global management.[9]

In 1950, the Richard Ivey School of Business at The University of Western Ontario in London, Ontario, Canada,[10] awarded the first MBA degrees outside the United States, followed in 1951 by the University of Pretoria in South Africa.[11]

In 1955, the Institute of Business Administration Karachi was established under the University of Karachi in Pakistan, in collaboration with the Wharton School of the University of Pennsylvania and became the first Asian business school to offer an MBA program under the US MBA model.[12] In 1957, INSEAD became the first European business school to offer an MBA program.[13]

In 1986, the Roy E. Crummer Graduate School of Business at Rollins College (Florida) was the first MBA program to require every student to have a laptop computer in the classroom. When the program first started, professors used to wheel a cart of laptops into the classroom.[14]

The MBA degree has been adopted by universities worldwide in both developed and developing countries.[15]

Accreditation[edit]

United States[edit]

Business school or MBA program accreditation by external agencies provides students and employers with an independent view of the school or program's quality, as well as whether the curriculum meets specific quality standards. The three major accrediting bodies in the United States are:

Association to Advance Collegiate Schools of Business (AACSB), which accredits research universities,

Accreditation Council for Business Schools and Programs (ACBSP), which accredits universities and colleges,

International Assembly for Collegiate Business Education (IACBE),[16]

All of these groups also accredit schools outside the US. The AACSB, the ACBSP, and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA).[17] MBA programs with specializations for students pursuing careers in healthcare management also eligible for accreditation by the Commission on the Accreditation of Healthcare Management Education (CAHME).

US MBA programs may also be accredited at the institutional level. Bodies that accredit institutions as a whole include:

Middle States Association of Colleges and Schools (MSA),

New England Association of Schools and Colleges (NEASC),

Higher Learning Commission of the North Central Association of Colleges and Schools (HLC),

Northwest Commission on Colleges and Universities (NWCCU),

Southern Association of Colleges and Schools (SACS), and

Western Association of Schools and Colleges (WASC).[18]

Other countries[edit]

Accreditation agencies outside the United States include the Association of MBAs (AMBA), a UK-based organization that accredits MBA, DBA and MBM programs worldwide, government accreditation bodies such as the All India Council for Technical Education (AICTE), which accredits MBA and PGDM programs across India. Some of the leading bodies in India that certify MBA institutions and their programs are the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC). A distance MBA program needs to be accredited by the Distance Education Council (DEC) in India. The Council on Higher Education (CHE) in South Africa, the European Foundation for Management Development operates the European Quality Improvement System (EQUIS) for mostly European, Australian, New Zealand and Asian schools, the Foundation for International Business Administration Accreditation (FIBAA), and Central and East European Management Development Association (CEEMAN) in Europe.

Programs[edit]

Two-year (Full-Time) MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August/September of year one and continue until May of year two, with a three- to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical Full-time, accelerated, part-time or modular MBA requires 60 credits (600 class hours) of graduate work.

Accelerated MBA programs are a variation of the two-year programs. They involve a higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less "down time" during the program and between semesters. For example, there is no three- to four-month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation. Accelerated programs typically have a lower cost than full-time two-year programs.

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

2nd Shift MBA programs are full-time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who can not leave their work to pursue a full-time regular shift MBA. Most 2nd shift programs are offered at universities in India.

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.

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 was formed in 1981 to advance executive education.

Full-Time Executive MBA programs are a new category of full-time 1 year MBA programs aimed at professionals with approx. 5 years or more. They are primarily offered in countries like India where the 2 year MBA program is targeted at fresh graduates with no experience or minimal experience. These full-time executive MBA programs are similar to 1 year MBA programs offered by schools like Insead and IMD.

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 schools offer these programs.

Blended learning programs combine distance learning with face-to-face instruction.[19] These programs typically target working professionals who are unable to attend traditional part-time programs.[20]

MBA Dual Degree programs combine a MBA with others (such as an MS, MA, or a J.D., etc.) to let students cut costs (dual programs usually cost less than pursuing 2 degrees separately), save time on education and to tailor the business education courses to their needs. This is generally achieved by allowing core courses of one program count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years.

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. In the past, Mini-MBA programs have typically been offered as non-credit bearing courses that require less than 100 hours of total learning. However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that may be applied towards a complete traditional MBA degree. This is to allow students to verify business related coursework for employment purposes and still allow the option complete a full-time MBA degree program at a later period if they elect to do so.

outstanding universities that help you be a MBA

University Business School: Located in Chandigarh, this university offers the best business management courses. This university was founded in 1995 and offers multiple options for MBA students. This university offers facilities such as wireless campus, infrastructure, fully air-con
ditioned, two meeting rooms for student to attend relevant sessions. The faculty of this university offers great methodologies where students can polish and teach the proper education needed to succeed.
Lovely Professional University: Located in Phagwara in Kapurthala (Punjab), this university offers great amenities such as their student computer center, well-equipped library, hospital campuses, transportation facilities, state of the art laboratories, etc. Lovely Professional University offers one of the best courses in MBA students aspiring young.
3.Guru Nanak Dev University: Located in Jalandhar this university serves twenty thousand students each year. It offers a variety of courses for MBA and IT students based purely on merit and strong credentials. This university was founded in 1968 and has made his mark in the education sector, offering young students a quality education in specialized MBA courses.

4. Bahra University: This university was founded by an educational group whose research and teaching is recognized worldwide. It offers the best of the MBA education to their students through a systemic management system. It provides education in many disciplines as Engineering, Business Administration, Law, Health, Hospitality etc. Bahra University believes in teaching students with practical knowledge than theoretical notes, which helps students prepare for the future. This university has been designed with innovative methods of teaching students the most important aspects of MBA that can help them succeed in life.


5. Punjab School of Management Studies: Located in Patiala, the institute offers quality MBA education for all students who want to specialize in a safe driving program. This university has a library with more than 3,00,000 volumes of books and hundreds of magazines, which gives students an opportunity to study all the issues in depth.

Online Executive MBA

The executive MBA differs from a traditional MBA in that it is geared for business professionals who already have several years of management experience. Therefore, the courses do not include the foundational business administration framework found in a standard MBA program. Instead, classes focus on processes, improved management strategies and direct application in the workplace.

What Does an Executive MBA Cover?

An online Executive MBA is a rigorous graduate program that typically takes two years of study to complete. Because the program is geared toward full-time mid-level managers looking to move up the corporate ladder, few students complete the program faster, as many are enrolled part time and don’t have room in their busy schedules for accelerated studies. The online Executive MBA provides students with a thorough business administration education in all major areas, such as accounting, finance, marketing, management, statistics, business law and ethics. However, instruction in these courses is tailored for seasoned professionals, rather than those with little to no management experience. The focus of such classes isn’t to prepare students for management roles, but to teach students new ways of applying those business principles in their current place of work. Possible courses might include: Economic Analysis for Business Leaders, Analytical Tools for Decision Making, Bargaining and Negotiations, Strategic Management and Enterprise Risk Management. Some online Executive MBA programs give students the option to complete an international residency. Online Executive MBA programs usually do not require internships between the first and second years as standard MBA programs often do, because students are already employed in the business world where they can directly apply what they learn in class. Such programs also do not generally offer opportunities for specialization. Online Executive MBA programs capitalize on the collective business experience present in the classroom and thus often require group work in which students collaborate on projects.

Getting Into an Online Executive MBA Program

To get into an online Executive MBA program, all applicants must fulfill several requirements, such as holding an undergraduate bachelor’s degree with a grade point average of 3.0 or higher. Students are not required to have majored in business during their undergraduate studies but should have proficiency in algebra-level mathematics. Those who lack mathematics skills can complete an algebra class before applying to an Executive MBA program. Some schools will also require GMAT scores. For example, the University of Pennsylvania requires that all applicants submit them, though there is no minimum score requirement.

Why Should I Get an AACSB Accredited Executive MBA?

Make sure that the school you select is accredited by the Association to Advance Collegiate Schools of Business. The AACSB is a nonprofit membership organization dedicated to the advancement of quality management education and serves as an accreditor for undergraduate, master’s and doctoral programs in business and accounting. When online executive MBA schools are accredited, you can rest assured that you will receive a quality business education there and avoid wasting your money at a school that offers you classes that are too easy in exchange for a worthless degree.

Who Should Pursue an Online Executive MBA?

Many different types of people benefit from enrolling in online Executive MBA programs, particularly older individuals in mid-level management who are looking to sharpen their business skills and retrain for work in a modern business environment, brushing up on areas such as e-commerce, information technology and international business that have gained precedence in the last 15 years. The program provides key training for those who want to continue to climb the corporate ladder. The online Executive MBA program is also beneficial to high-level employees who want to polish their business skills to qualify for similar positions at other corporations. The online Executive MBA equips you with the practical skills and knowledge you need to make a career transition at the top.

What Jobs Can an Online Executive MBA Get Me?

CEO (Chief Executive Officer): The head of the company, the CEO establishes its goals and policies. He or she meets regularly with other top executives to ensure that the company is moving in the right direction and that its board of directors is satisfied. Most CEOs also have a hand in monitoring the company’s budget and making sure that it is being utilized to its full extent. In larger companies, CEOs may delegate some of their responsibilities to other executives and managers; in smaller firms, they may take on all of these roles as well as some other management-related ones.
General and Operations Manager: These managers are responsible for planning and coordinating the company’s operations. They work with top executives and mid-level managers to create policies, deal with day-to-day activities and plan how to use various departments. Most of these managers deal broadly with all branches of a company rather than just working in one division. This way, they can coordinate all departments to better help the company meet its general goals.
Sales Manager: Most sales managers work with retail companies and can be in charge of an entire region. These managers oversee sales employees and ensure that their branch is meeting the quota set forth by the company headquarters. Sales managers work closely with teams to provide satisfactory customer service and products. Many also devise ways to increase sales through promotions or advertising. In large companies, sales managers can tackle budgeting, employee reviews and training; at smaller firms, they may conduct sales calls themselves in addition to their other responsibilities.
Top Earning Industries for Jobs

CEO:

Software Applications: $122,524-$251,611
Retail/Wholesale Distribution: $91,422-$244,936
Regional Sales Manager:

Chemical Manufacturing: $66,384-$100,901
Food Manufacturing: $60,099-$95,719
General Operations Manager:

Manufacturing and Distribution: $53,072-$94,542
Construction: $52,060-$91,762
How Do I Find Online Executive MBA Programs?

Since Executive MBAs are geared toward working business professionals, a large proportion of these programs are available fully or partially online. The best place to start searching for online Executive MBA programs is the AACSB website. Rest your cursor over the “accreditation” tab and click on “accredited institutions” to browse a complete list of such schools. For rankings check out:

The Wall Street Journal
Bloomberg Businessweek
The Online Education Database
Online schools listed on the database are ranked on metrics such as graduation and retention rates and student-to-faculty ratio.

Additional Resources:

Businessweek’s Latest News on MBA Developments
The Wall Street Journal’s Top Executive MBA Programs
American Management Association

Where to get your mba online

Your post-MBA success depends largely on your pre-MBA choice and there are a number of important things to consider before filling out that application. Here are some tips on how you should go about identifying the right school.
What qualifications are you after?

Your reasons for pursuing an MBA may differ – a change of professional venue, gaining an advantage in a rather tough market, a bigger salary or a better job placement. Yet, before you get down to filling out those applications, there is one important question that you should ask yourself. What qualifications do you want to acquire? Making a realistic and a clear-sightedassessment of the professional skills that you want to develop or improve will help you gain a clearer vision of your future career track.

The majority of MBA candidates have 5 to 10 years of professional experience on their CV and career plans do come foremost when they get down to choosing a business school. Some, for example, are happy with their job but still want to add value to their services by moving up the career chain and a part-time MBA often proves to be the best route for them. Others have already reached a managerial level and are good at what they do, yet the fact that they can juggle tasks blindfolded has turned into a demotivating factor. They have lost interest in their job and they see a change of career functions as a way out of the impasse. For them, a local fulltime MBA with their company endorsement may be the best option. Finally, there are those that fall into the ‘total makeover’ category. They aspire to a clean start, a new professional venue, a complete change of company or sector. They want to move out and move on with their career and the best choice for them could be a well-known full time MBA programme with an active network of alumni in an international environment.


Faculty matters

Once you’ve decided on an MBA programme you should look into the background of its faculty. Good-quality education depends primarily on the calibre of the university’s faculty members. Most top business schools boast a ‘team’ of world-renowned professors with diverse interests and expertise. Their faculty is very much a part of the real-life business world and will bring a range of important and useful topics to the classroom – from accounting to strategic management. The easiest way to find out if a school’s faculty meets your expectations is by visiting its websites – all universities have detailed profiles of thei permanent or visiting staff. Full-time programmes might have faculty members well known for their research in a particular area of expertise, while part-time programmes might have visiting professors who are pro-active business leaders in a particular sector. Furthermore, schools create their own structures that combine management theory and business practice. The Manchester Business School, for example, has developed the Manchester Method, a learning structure that produces positive results and has pushed MBS up in the rankings.


Networking and alumni

A good business school should provide you with access to a network of MBA students, alumni, faculty, and business and community leaders, which can be very useful when beginning a job search, developing a career path, building business relationships in your current career or pursuing expertise outside your current field. Quality business universities pride themselves on their high graduate placement rates. A careful study of career placement activity is therefore essential, especially where some business schools have higher success rates at placing their graduates in certain regions or companies than others. A candidate who wants to work in Europe post-MBA, for example, might think twice before applying to a school in the USA. It may also be a good idea to check out what career assistance the university offers – if it focuses on honing your management skills; if it introduces you to recruiters for big companies or provides you with detailed information about salary expectations in certain sectors.

Talking to alumni is always helpful. An international alumni network is critical if you are a global mover and shaker, but a nationally-based network could be just as critical to someone who is forging a career in a defined market. By talking with graduates before you apply, you are in a better position to know which type of network will suit you. You can also judge the quality of a business school by the profile of its graduates – their career tracks and their professional growth. Be ‘on the alert’ if you are not satisfied with the university’s alumni profile (also available on the school’s website).

Location is a factor

A university may have top-notch facilities and highly renowned academic staff and still be the wrong choice for you. Research shows that location is a prime factor when it comes down to picking a business school. Make sure that you are comfortable with the geographic area in which the university is located. For example, if you are bound by family or otherwise you may opt for a school that is closer to home. If, on the other hand, you are looking for an international and diverse milieu as well as new cultural experiences, an overseas MBA may be a good option. The industry you want to work for may also determine your choice of university location. If finance and investments are your prime interests, then you’ll be advised to choose a university in one of the cities where the markets are based – New York, London, Frankfurt, Paris and Tokyo. It is important that you pick the geographic area that best fits your needs as you are likely to spend longer than two years there – a large number of MBA graduates decide to stay and pursue their career within the area of their alma mater.

Format

If you have decided to cross ‘the point of no return’ and change your career completely or if you want to stay within the same industry but change the location, a full time MBA programme may be the best choice for you. This kind of format requires full commitment, but returns on the investment are also guaranteed. The part-time MBA is for those who want to advance their careers (without changing their professional venue and starting from scratch) but cannot afford to take ‘leave of absence’. To sum up – a full-time programme is designed for career changers, while the part-time option is designed for career enhancers. You can also choose between a 12, 15, 18 or 22-month programme. The different length is determined by the pace and intensity of the teaching process.

Rankings

Rankings inform perspective students about a university’s or a business school’s prestige. They are a good starting point when searching for a suitable alma mater and may give you a good idea of the global MBA market. However, you should bear in mind that there can be large variations in the different rankings published, depending on the source used (the Financial Times or the Economist Intelligence Unit in the UK, or Business Week and the Wall Street Journal in the USA) or the methodologies applied. So how should you go about ‘reading’ the available rankings? First of all you should stay critical – do not take rankings at their face value but rather match them against your own personal needs and goals. Always read the survey methodology, i.e. how the data is collected and presented (publications such as The Financial Times, The Economist, Business Week, US News & World Report give extensive details about their methodologies on their websites). You are also advised to look at ranges – collect the publications of a particular ranking over several consecutive years and focus on MBA programmes that show consistency. Also look into the university’s connections to local industries – many business schools have strong ties to important local companies and these ties often translate into employment opportunities for the graduates of these schools. And remember – look for what is best for you, rather than which business school ranks first.

Return on investment and cost efficiency

Today, the MBA remains the most ‘lucrative’ of degrees. Statistics show that the return on investment is quite rapid for the majority of graduates, with the average return being three to six years – for example, students graduating from Insead’s campuses in Fontainebleau and Singapore earned average salaries of $148,490, an increase of 108 percent on their pre-MBA salaries. An MBA degree is undoubtedly a major investment and many students incur debts to pay for their one or two-year education. However, they do get their money’s worth in the long run – not only do they hone their knowledge and qualifications but they also build a network of useful professional relationships. Finally, the ROI coefficient has non-financial benefits that should not be neglected – an MBA degree is bound to increase your professionalism, help you develop your potential, and teach you how to manage your work/life balance.

What’s next?

Once you you’ve gone through all seven steps and identified your goals, career priorities and expectations you should find it easy to pick the right MBA programme. Choosing the business school that best meets your needs is indeed crucial to earning the degree that will add the most value to your life – personally and professionally. In order to best match your criteria to the available ranking lists you may want to visit the Access MBA Fairs, as well as use the Access MBA search tool for MBA programmes. And if you find this seven-step self-analysis a bit frustrating, just remember that all your efforts will be rewarded in the long run.

Design your MBA

It is indeed much more likely that you will be able to structure and design your own curriculum in a smaller, lower-profile programme, rather than in the bigger programmes. If you know exactly what you wish to achieve and are determined not to be diverted from your path, look for an environment which will allow you to do just that. It might be in a very unexpected place. So, there is more to the MBA than just the brand. If remaining in or going to the UK is better for your finances than moving overseas for two years, and will still provide you with a top MBA degree, then maybe it is not a hard choice to make. If choosing the Middle East over Europe might open up more work opportunities for you in the future in a region you find exciting, then maybe this is your match. It would be a useful two years during which to test the market yourself, and if you do not like it, you will still have a precious MBA degree under your belt.

Keeping your future options in mind is key to choosing your MBA programme. Indeed, choosing any school in the top three list in your own country or from the top 100 rankings, would be a fantastic achievement as, believe it or not, there are more than 5,000 MBA programmes available worldwide.

Online MBA Degree you must first understand exactly what the MBA

center> Before making a commitment to pursue an MBA, you must first understand exactly what the MBA as well as whether the program is appropriate degree for you. It offers a Master of Business Administration, or a master’s degree in business administration, and higher education in basic skills such as accounting, finance, marketing and business management practices. It is often useful to choose the degree for professionals who need access to higher education to achieve their career goals and climbing stairs for companies working in business management.Students can specialize degrees in a variety of fields such as health and sports management. A multidisciplinary approach to learning does not mean only MBA programs to deepen students’ understanding of business administration, but also to develop critical thinking and analytical skills and problem solving skills.
A Brief History of the MBA Degree
Although institutions of higher education in various parts of the world now offers master’s programs in business administration, this kind of America was born and raised. First Faculty of Graduate School of Management and the Tuck School of Business Administration, established in 1900 at Dartmouth College. According to the school site, and the original was a graduate of the Faculty of Business Administration to grant a master’s degree in commercial sciences, which later became known as the master’s program in business administration. This idea of teaching business management graduate in 1908 and quickly captured, and the Harvard School of Advanced Studies in Business Administration enrolled 80 students in the first Masters program in Business Administration, according to its website. Over the years, it has grown Masters programs in Business Administration in the number and scope of the topic.The MBA Today

There are different types of Master of Business Administration available through business schools over the Internet. Designed most common type of MBA students the center of the professional interests of traditional business functions. This offer MBA such concentrations of finance and accounting, marketing, human resources, economics and business administration.
A student who wants to make his mark in the specialty of a particular business, and is not a MBA with emphasis in areas such as international sports management and electronic entertainment. Those who want to focus on the development of some of the qualities or learn about a particular approach to work can choose concentrations as entrepreneurship, leadership, and e-commerce, health services, or Six Sigma.
The goal of most business professionals is to get the position of the administration and effective management of the organization within a certain period of great industry knowledge about what is required. The Master of Business Administration Management to help professionals in the development of its industry expertise in areas such as health, entertainment, information technology and design of the supply chain. There are also concentrations of MBA students who want to become experts in a particular area of ​​operations, such as management, organization, project or risk the world.
For those that focus on change in a particular area, and there is no concentration in the field of criminal justice, and the management of education, health and technology. Master programs in Business Administration has much to offer for someone who wants to specialize in a particular field of health care with a focus such as health information technology, health services, and management of health care, and management of health care and nursing. Technology is the other big area for master’s programs in business administration, with many of the schools that offer concentrations in computer and information technology systems, networking, security and management technology.
Then there is the Executive Master in Business Administration, which aims to increase career factor. Usually it aimed at professionals EMBA made with several years of work experience. The program consists of refresher courses in business management as well as technical categories that focus on the development of leadership qualities and communication skills and problem solving skills.
What an MBA Can Do for You

There are many benefits of getting a master’s degree in business administration, with one of the most important opportunities and increasing employment in business administration. The Council of Graduate Management Admission of 2,011 graduates of the study said that 93 percent of respondents said they were working and 55 percent reported satisfaction with great career advancement since the completion of the management of education.
Not only MBA graduates have better job options, and they make more money than people who have not been granted degree. Graduates who graduated in 2010, seven in 10 said that wages were starting either much or more than expected, and the average starting salary of $ 78,820. Of all graduates who responded to the survey, the average starting salary of $ 94,542.
MBA job in usa

If you are still wondering whether to go back to school to get a master’s degree in business administration from your must consider the following: Although undergraduate degree and work experience are the goods, which are of great value in any appeal, and They can teach graduate assures employers that you have the knowledge, capacity and motivation required of you in the highest position. MBA gives you credibility and discrimination that can not be achieved in the single job. Taking course work at the graduate level in business administration prepare you to work in a wide range of industries, and automatically increase the number of positions you qualify. It is recognized as a Master of Business Administration in most countries a decent job and opens up a world of career opportunities for certificate holders of such securities.

Eight reasons why an MBA

Acquiring his Masters in Business Administration (MBA) is especially important in difficult economic times. The dean of the Wharton School of the University of Pennsylvania MBA considers "one of the best tools that a business person can have." Dean Thomas Robertson feels that the MBA not only gives you an advantage in the global market traders, but also taught to be adaptable in an economy where career switching and constant change are the norm, not the exception.

Still, why make the leap to the time and cost of a traditional MBA program or online? Here are eight reasons why I do it.

You can advance your career.

If your current career is set to lower shape their skills and interests, one of the benefits of an MBA program is that it allows you the flexibility to explore your options and provides you with the training you need to change careers. If you are satisfied with your current line of business, a master's in business administration can prepare you to move towards a managerial position within your field.
You will earn more

The Graduate Management Admission Council (GMAC) reported in its 2013 Alumni Perspectives Survey that the average annual salary for MBA graduates was $ 100,000. Former students of MBA also reported that recovered an average of one third of its financial investment in your MBA program immediately after graduation, and with a return of 100 percent after four years.
You could receive payment from your employer training

As the current marketplace evolves and becomes increasingly complex, many employers are choosing to balance their need to retain good employees with their need to fill managerial positions with candidates who possess the knowledge and skills of advanced level. They are doing this by sending selected employees to business school and paying the bill.
You can use their education to start their own business

If you are interested in starting your own business, but I'm not sure that you have the necessary experience to launch a start-up in a high-growth industry, an MBA can prepare for you to do everything from writing a business plan for the acquisition of venture capital to launch an initial public offering. Research has shown that the failure rate for small businesses started by the MBA is about 50 percent less than the standard failure rate.

You will develop your understanding of the business

An MBA program will put you on the fast track to promotion that offers you the opportunity to develop a wide range of general business knowledge and a broad base of expertise in a relatively short period of time, unlike the years long process of trial and error that tends to characterize the knowledge and skill learning collected in the workplace.

You could become a leader in an emerging field

The recent proliferation of "niche" Master of Business Administration programs mean you can not just look at the business school for a solid grounding in the basics, but also for innovative education that can lead to an exciting career in a emerging field, such as brand management, telecommunications or information technology, electronic commerce, mobile, just to name a few.

You could get network resources

Networking is another key benefit. Teaching styles Business School foster teamwork, and in the course of an MBA program, you'll develop important relationships that can serve well through his business career. And no matter the school, often you can get connected to a network of alumni working in a wide range of companies. This is useful for mentoring, job search and professional contacts.

You'll enjoy greater job security

MBA graduates are desirable in any job market; an MBA will give you the opportunities you need to advance in the business world.
Now that you understand the benefits of getting your MBA, it's time to start learning what type of MBA program fit in with your lifestyle.

the worls s best mba business schools most sought in 2015

Por Susan Adams


For the 2017 generation of Harvard Business School students submitted 9,686 request. The HBS accepted 11% of them, and 937 decided to attend. HBS students pay a high price. The annual tuition exceeds $ 61.000 and the cost for one year of the MBA program two years reached 98,400, bringing the total for Harvard MBA is about 200,000. That, not counting the lost wages of those who stop working for two years.

But students are betting that the title will bear fruit. And the numbers back them up. The HBS reports that 93% of 2014 graduates seeking employment generation received offers three months after finishing school. These graduates are paid handsomely. Their median starting salary base was $ 125,000 at least 65% of that group got an average salary bonus of $ 25,000 and 20% received other guaranteed 34,700 compensation, which means that some of the graduates of the master Harvard this year, they are making at least $ 184.700.


A new list published by LTG Exam, a company dedicated to the preparation of applicants for entrance exams reveals, not surprisingly, that Harvard MBA program has the most coveted in the world. Exam LTG figures come from about 5,000 users who are preparing for GMATs (short for General Admission Test direction) using the app company, Prep4GMAT, allowing them to study at their own pace and connect with live tutors if they wish. Users rated their top five business school options. In the latest Forbes ranking of the best business schools, Harvard also ranked first.

Today MBA aspirant may not realize that the degree is a relatively recent invention in higher education. Harvard University dates back to 1636, but the business school only started in 1908, when, according to the school, offered the world's first MBA program. (There were other business schools that preceded it, as ESCP Europe, which was founded in 1819 and has campuses in five European cities like Paris and London and Wharton, the first business school in the US, founded in 1888.)

Harvard is also known for its dozens of extremely successful graduates, including billionaire Michael Bloomberg, Sheryl Sandberg, the titan of hedge funds Bill Ackman and former President George W. Bush.

Second in the Forbes list and LTG Exam it is the Stanford Business School, which costs more than Harvard, $ 103.419 a year to the incoming class. As graduates of the HBS, Stanford alumni are highly demanded in the labor market. Of the 2014 class members seeking employment, 95% had achieved one three months after graduation, with an average compensation of $ 125,000. For those who received both signing bonuses and other guaranteed compensation, the average total came to $ 181.500. Stanford, which was founded in 1925, this year has a total enrollment of 809 students.

The Sloan School of Management at MIT placed third in the list of LTG Exam, despite ranking tenth in the list of Forbes. The cost is comparable to Harvard, $ 98.014, as its employment statistics. Among the class of 2014, 94.6% of job seekers received a job three months after graduation. The average base salary for graduates of Sloan was only slightly lower than Harvard and Stanford, to $ 124.400. Sloan has its origins in 1914, when a business course was founded in the engineering school who later became the business school, which now has 1,300 students.


Although the three schools in the top of the list are no surprise, a number of schools among the top 25 and even 10, which were unknown to me. Since LTG Exam app is used in 193 countries, including the wishes of an international group of students.

Fourth is a school of which he had never heard of the Indian School of Business. I found it in a list published by the Financial Times, ranked at 33 (Forbes ranks schools only EU). The school was founded in 1996 by two executives from McKinsey, Rajat Gupta and Anil Kumar, who led a group of consultants during startup. Kumar Wharton recruited as an ally in the US and Gupta drew the Kellogg Business School at Northwestern. The institute is located in the city of Hyderabad, where he built its campus in 1999. The website of the ISB in dozens of graduates ready to entrepreneurs from their classrooms, as Anish Sonal, the generation of 2002, which provides business intelligence through its company Orkash Services, and Bijaei Jayaraj, who runs a firm customer loyalty system called Loylty Rewardz.

The University of Pennsylvania (Wharton) is next in the list of LTG, followed by the London Business School, but no other campus seventh Indian new to me, the Indian Institute of Management, number 26 on the list of FT. Founded in 1961, it is a public school based in Ahmedabad, in the state of Gujarat. It is one of the nine campuses of the IIM in India, and has some alumni of quality, as Ajay Singh Banga, president and CEO of Mastercard, and the late Guru CK Prahalad, a professor at the Ross School of Business at the University of Michigan who wrote the influential book The Fortune at the Bottom of the Pyramid, on models designed to serve the world's poorest people business. It also was not familiar with the Jain School of Management AP, which has campuses in Sydney, Mumbai, Singapore and Dubai.

The costs of some of the foreign schools on the list are significantly lower than those in US schools. Example: The Indian School of Business charges about $ 40,000 a year. Their employment statistics are impressive, from 884 deals for a class of 766. Laos costs business schools of the National University of Singapore around $ 66,000 but because connections you do in business school can be as valuable as the subjects studied, if you speak English and you can raise the money to attend a US school, I would recommend you to do it.


This is the complete list of the 25 most popular schools business users LTG Exam:

1 Harvard
2 Stanford
3 Sloan School of Management (MIT)
4 Indian School of Business
5 Wharton (University of Pennsylvania)
6 London Business School
7 Indian Institute of Management
8 Columbia
9 INSEAD
10 NYU Stern (New York University)
11 University of Oxford
12 Yale
13 Kellogg School of Management (Northwestern)
14 University of Chicago Booth School of Business
15 Haas School of Business (University of California, Berkeley)
16 National University of Singapore
17 UCLA
18 Tepper School of Business (Carnegie Mellon)
19 University of Cambridge
20 HEC Paris
21 Boston College
22 Imperial College London
23 Duke University
24 USC Marshall School of Business

25 SP Jain School of Global Management

The best MBA of Spain and the world in 2015 ( ranking)

For six years , the prestigious Financial Times ( FT ) prepares an annual ranking of the best MBAs in the world. New listing for 2015 maintains the leadership of Harvard Business School but brings surprises in second place , this time occupied by the London Business School , which has snatched the position to the Stanford Graduate School of Business , which has fallen to fourth place . In Spain , the IESE MBA remains the best master the country's business and seventh at world level .

In the top 20 are cast three schools of Spanish business this year . The most internationally recognized : IESE Business School and IE Business School ( up one place to twelfth place ) , they are accompanied this year by ESADE Business School , which scales up to 19th place worldwide .

How to grow my salary after getting an MBA ?

The ranking is made in response to a variety of factors, including gender diversity and the degree of internationalization of its students, but the heaviest element is the salary. Thus, a Harvard student earns, on average, $ 179,910 ($ PPP) three years after graduation, 96% more than before to do the MBA.

The wage increase in the case of the Spanish schools is 121% for the IESE (earn on average $ 145,000 to three years) and 104% for IE ($ 152,285).

Although valued and prestigious, the FT MBA itself recognizes that they are no longer the fastest way to achieve a wage increase as they once were. Despite the recovery of economic growth, the financial profitability of completing a full-time MBA has fallen in the last three years and while still a graduate can expect to double his salary, the average increase in income has fallen by almost a third since the heyday of qualifying.

This is true in the United States, which has 50 of the 100 business schools in the world, where there is a "growing disaffection with the rating by employers and potential students," says the newspaper.

Last year, several schools closed second level full-time training programs because the applications had fallen. And hopefully there will be more this year, says the dean of the Michigan Ross Business School at Ft. "The market segment that enjoys good health is very small," he adds.

Online MBA in Marketing

These marketing MBA programs integrate the processes and procedures essential to business with the study of the dynamic field of marketing. An online MBA in marketing emphasizes the practices on which all businesses operate such as administration, finance, accounting and management. They also explore how marketing affects business plans, customer base and selling strategies.

What Does an Online MBA in Marketing Cover?

Given that marketing plays a vital role in business success, it is a popular specialization within MBA programs.

These programs will give you a thorough understanding of how to create effective marketing and business plans. They involve much of the same curriculum as a traditional MBA program, but with an emphasis on marketing studies, often including online marketing techniques. Through various assignments, projects, reports and presentations you will learn how to conduct marketing research, devise strategies and implement plans.

These online marketing programs typically require students to complete 48 to 51 credits, which usually takes one to three years to finish depending on previous education, business course work and enrollment status. The first half of the online marketing MBA will consist of core courses focused on business operations, policy and strategy; business ethics and law; customer relationship management; accounting and finance; business communication; and business and managerial economics. These classes are meant to help you understand how businesses operate and specific functions within a corporate environment.

The second half of the program integrates advanced courses that center on the role of marketing and how it is utilized to support and generate profitability. Classes may include integrative marketing strategies, brand management, business-to-business marketing, consumer and buyer behavior, marketing channels and logistics, marketing promotion and communication, market research, customer data analysis and relationship marketing.

Getting Into a Marketing MBA Program

Those who are interested in pursuing an online MBA in marketing need an undergraduate degree from an accredited school. Students who did not major in business will need basic business and mathematical skills, as well as having taken at least two marketing courses before applying. Those who did not earn a bachelor’s degree in business may be asked to complete several courses before submitting an application, including:

College Algebra
Foundations of Business
Marketing Principles
A minimum undergraduate grade point average of 3.0 is typically necessary for entry into online MBA in marketing programs. Some schools, such as Northeastern University, also require letters of recommendation, application essays, GMAT scores and resumes.

Who Should Pursue an Online Marketing MBA?

If you are interested in the field of business and have a desire to take a hands-on role in generating customers who will support ventures, you should look into earning an online marketing MBA. This degree will provide you with the necessary credentials to work your way up in the marketing department as well as help you develop the skills essential to building a successful career in this field, creating offline and online marketing campaigns.

Why Should I Get an AACSB Accredited Marketing MBA?

Only those online marketing MBA programs that are accredited by a respected association are likely to impress employers. One of the most well known is the Association to Advance Collegiate Schools of Business, which approves only those business schools that provide a quality education.

What Jobs Can an MBA Marketing Online Get Me?

International Marketing Manager: International marketing managers work to promote a company’s products and services in a global marketplace, often also in online marketing. They are responsible for estimating consumer demand for current products and services and identifying the need for new ones. To do this they must be able to identify potential foreign markets, monitor international trends and develop marketing strategies. These types of managers also help develop pricing strategies to increase profits and market share. Their job requires that they be able to work closely with other managers in sales, advertising, promotions and product development. Employment of marketing managers will increase 12 percent by 2018, the Bureau of Labor Statistics reports. Salaries of international marketing managers range from $63,004 to $119,739 a year, according to PayScale.
Marketing Specialists: Marketing specialists assist in the development and design of marketing programs to promote products and services. Typical duties include creating sales presentations, designing communication materials, coordinating project activities, and compiling reports on market trends, pricing, competitors and new products. Marketing specialists often work closely with marketing managers and directors as well as others within the sales, development and promotions departments. The employment of these types of specialists is projected to increase 24 percent by 2018, according to the Bureau of Labor Statistics. The annual average salaries of marketing specialists range from $31,503 to $61,453, PayScale reports.
Marketing Consultants: Marketing consultants develop and implement plans to help companies enhance their business and increase their profitability. To provide their consulting services, they meet with an organization’s advertising and promotions departments to identify specific goals, objectives and needs related to products and services. They then combine this information with their marketing expertise to create strategies that will expand consumer bases, enhance product development and motivate customers to buy. Typical duties may include evaluating current procedures, researching consumer behavior, identifying market trends, creating strategic plans and managing marketing procedures. Employment within the consulting services field is projected to increase by 84 percent by 2018, according to the Bureau of Labor Statistics. Annual salaries of marketing consultants range from $29,300 to $102,444, Payscale reports.
Top Earning Industries for Jobs

International Marketing Manager:
Financial Services: $51,688-$82,477
Information Technology Services: $48,830-$79,621
Marketing Specialist:

Legal Services: $38,978-$65,622
Information Technology Services: $39,824-$56,284
Marketing Consultant:

Consultancy: $55,000-$87,898
Insurance and Financial Services: $51,035-$83,337
How Do I Find Online Marketing MBA Programs?

Rankings are a good indicator of a program’s quality and can help you identify which online Marketing MBA schools fit your needs. Rankings can be found in:

Businessweek
Forbes.com
These publications rank the top rated colleges and universities as well as the programs that they offer. Online marketing MBA rankings are usually based on factors such as academic quality, student selectivity, student-to-faculty ratio, graduation rate and post-graduation outcome.

These search tools can also be helpful:

Best Biz Schools
University Directory
National Center for Education Statistics’ College Navigator
Additional Resources:

Businessweek’s Latest News on MBA Developments
American Management Association

How to Choose a Quality MBA Program

If you’ve made the decision to earn an MBA, it’s paramount that you choose a high-quality program, one that will provide you with a solid business education, valuable academic experience and impressive professional credentials. Consider the following factors:

Accreditation

The most important thing to look for is a program that is accredited by a respected business organization. These groups thoroughly examine business schools and programs to determine whether they meet academic standards. In the world of business education, there are three well-known accrediting organizations that are recognized by the U.S. Council for Higher Education Accreditation, the U.S. Department of Education or both.

The most prestigious group is the Association to Advance Collegiate Schools of Business, which was founded in 1916 and is the oldest business school accreditor. The association has granted AACSB accreditation to 620 member institutions in 38 countries, according to its website.

The second group, the Accreditation Council for Business Schools & Programs, has been dedicated to its mission of promoting excellence in business education since its inception in 1988. Even though ACBSP is fairly young, it accredits 529 campuses and more than 700 MBA programs, according to its website.

The International Assembly for Collegiate Business Education, formed in 1997, is the newest of the three accrediting groups. IACBE accredits business programs and colleges and universities worldwide that demonstrate characteristics of excellence, with more than 230 member educational institutions in more than 20 countries, its website says.

Faculty

When it comes to an online MBA program, the importance of esteemed faculty members who are experienced, educated and innovative cannot be underestimated. Students should be wary of a program in which instructors act more as course managers doing administrative work than actually teaching. Ideally, there should be little to no difference between online and on-campus instructors when it comes to education levels, academic background and professional experience. MBA program faculty members are usually required to have a graduate-level education, professional work experience in an area relevant to business and a specialization or expertise in the course they are instructing. Additionally, online instructors have the added challenge of having to teach students using nontraditional methods, which means they have to make an extra effort to engage and motivate. Therefore, it is also extremely important that faculty members of online MBA programs are tech savvy as they will be required to use a variety of Internet tools to create lessons, direct discussions, distribute information and manage assignments. Once you find a program that you are interested in, spend some time researching the educational and professional backgrounds of faculty members. If you are unable to find enough information, don’t be afraid to contact the school and ask what credentials the online instructors possess and what training they have had to teach successfully in a virtual learning environment.

Curriculum

Quality online MBA programs will consist of the same, or extremely similar, curriculum as that of on-campus ones. Most programs consist of the same assignments, readings, research and activities as their on-campus counterparts. This ensures that there is little difference in education between the traditional and online student. Remember that earning an MBA online doesn’t mean less work, and sometimes may require even more academically from students in terms of activities as they are not required to be present for class time. You can check whether the quality of an online MBA program is the same as that of an on-campus one by comparing the two formats’ required courses, major projects, materials, assignments and examinations.

Technology

Considering that an online MBA program is delivered completely electronically, technology is a key aspect to consider. A high-quality program will take advantage of the most recent technological advances and utilize them to enhance the virtual learning experience. Most programs will be facilitated through a virtual classroom where students can conduct school related activities such as accessing course materials, turning in assignments, streaming instructional videos, participating in discussions, responding to lessons and keeping track of grades. It’s important that these systems have a user-friendly interface that is easy to understand and navigate, as well as an overall design that encourages interactivity, participation and communication. Many schools will let you take a look at the type of software, systems or other technological tools that are used in their online programs to help you decide whether they will provide you with an adequate learning experience.

Ranking

Each year various reputable publications, websites and organizations release their lists of annual college rankings. These rankings are designed to show how academic institutions stack up against one another in terms of faculty, instruction, reputation and student mix. While each publication or organization uses its own methodology to determine ranking placement, common factors include student selectivity, quality of faculty, curriculum, methods of instruction, student satisfaction and employment outcomes. Students shouldn’t choose a school on rankings alone, but they can be a useful tool when comparing MBA programs. A higher-ranked business school may be more likely to provide you with a quality education than one that is not ranked at all. Our next section will tell you more about MBA rankings.

Is an MBA Right for Someone Without a Business Degree?

You don’t have to have an undergraduate degree in business to pursue graduate school in the field. Almost all majors are acceptable preparation because an MBA is considered a professional degree, meaning that it is designed to equip individuals for higher-level positions by focusing on the practical side of business management.

MBA programs take an interdisciplinary approach to education, combining various types of business courses to help students develop advanced skills required in management positions. These degree programs are designed for professionals who already have a few years of work experience and want to advance their careers. MBA programs provide students with an educational tool set that is highly applicable in just about any career they may consider.

The Development of Skills

Although students in MBA programs receive a foundational business education, much of the course work focuses on the development of essential skills and abilities. Why is this? Because when communication, leadership and organizational abilities are combined with critical-thinking and problem-solving skills, the result is a qualified professional who is ready to take on the responsibilities of almost any position. Even though the intellectual knowledge gained in an academic degree program is important, when it comes to navigating through the world of business, it’s how you apply that learning that counts. Perhaps this is one reason why MBA programs are open to individuals of all educational backgrounds.

Multiple Paths to an MBA

When it comes to applying for an MBA program, there is no single path that determines acceptance, and each school has different ideas about appropriate academic preparation. Minimum qualifications for students applying to MBA programs can vary, but a bachelor’s degree is always a requirement for acceptance. Business schools take many things into consideration when it comes to who qualifies for enrollment into their MBA programs.

There are schools that favor applicants who majored in a technical field such as science or engineering, while others may prefer a student with a liberal arts major, such as English, philosophy or a foreign language. Still others may look for applicants who had a career-oriented major such as consumer merchandising, journalism or advertising. Many programs prefer applicants who have already begun careers and have some professional work experience. Still, given the versatility of an MBA program, it may not matter at all what your major was in college as long as you received a broad, well-rounded education in which you developed quantitative and analytical skills. Some schools may not consider students’ previous education so much as their GMAT (Graduate Management Admission Test) scores. This standardized examination is used to measure aptitude and predict applicants’ potential for success in a management education program.

Catching Up to Business Majors

Applicants with an undergraduate degree in a business-related field are more likely to have completed the necessary course prerequisites than non-business majors, sparing them from having to take additional classes before they can begin an MBA program. Such courses may include mathematics, statistics, economics, finance, accounting, marketing and management. Prerequisite requirements ensure that students are adequately prepared for and possess the basic business skills necessary to succeed in an MBA program.

Diversity in MBA Education

The MBA is often referred to as one of the most versatile degrees because it can be applied to many fields and pursued by people with various backgrounds. Diversity is a key characteristic of MBA student populations. A study conducted by the U.S. Department of Education found that MBA students in the United States were the most diverse of all those in graduate programs. MBA students come from all walks of life, professional experiences and educational backgrounds. They choose to obtain an MBA for a variety of reasons as well.

First, an MBA program can provide people with essential leadership, organizational and management skills relevant to all professions. It can make them better managers, directors, executives and business owners, as well as give them that extra credential needed to be promoted to lucrative positions. According to College Board’s Education Pays 2010, professional degree holders such as MBAs had median annual earnings of $100,000 compared with $67,300 for those with a master’s and $55,700 for those with a bachelor’s.

No matter what your background, you can put it to good use in an MBA program. The world of business is full of industries, fields, products and services that need professional experts. The varied backgrounds of MBA degree holders are beneficial as each person offers something different regarding ideas, plans, strategies and ventures. So an MBA might be right for you even if you don’t have an undergraduate business degree.