Most programs also include elective courses and concentrations for further study in a particular area, for example accounting, finance, and marketing. The MBA is a terminal degree and a professional degree. The Harvard Graduate School of Business Administration established the first MBA program in 1908, with 15 business administration members, 33 regular students and 47 special students.
University of Chicago Booth School of Business. 1946: First MBA focused on global management at Thunderbird School of Global Management. 1986: First MBA program requiring every student to have a laptop computer in the classroom at the Roy E. The MBA degree has been adopted by universities worldwide in both developed and developing countries. 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. All of these groups also accredit schools outside the US.
US MBA programs may also be accredited at the institutional level. This section needs additional citations for verification. For example, in the Northern Hemisphere they often begin in late August or early September of year one and continue until May or June 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.
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. 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. 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 second shift programs are offered at universities in India.