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Evolution of American MBA Degrees: Past to Present

Explore the history and current landscape of American MBA programs, from the first professional degree in business to the diverse specializations and teaching approaches available today. Discover the various types of programs, specializations, student demographics, funding sources, and future trends shaping the MBA education industry.

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Evolution of American MBA Degrees: Past to Present

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  1. AMERICAN MBA DEGREES: IN THE BEGINNING First “professional” degree in business First offered almost 100 years ago Joined other professional degrees in areas such as medicine and law Relatively small number of students up through 1950’s (e.g., 1956 3200 MBA degrees awarded) AMERICAN MBA PROGRAMS TODAY At least 700 different programs Now over 100,000 degrees granted each year

  2. GENERAL TYPES OF PROGRAMS • Full-time • Part-time • Executive • Online • In-house • Combination

  3. MBA’s-Joint degrees • Law • Medicine • Pharmacy • Nursing • Ph.D. • Architecture • Engineering

  4. Different teaching approaches • Lecture/discussion • Cases • Field experiences • Internships • Field studies/projects • Combination

  5. Specializations by content within business • Accounting • Finance • Marketing • Management • Information systems • Production

  6. Specialized concentrations • Technological innovation • E-Commerce • Entrepreneurship • Computer & Information Systems

  7. Specializations by industry • Information technology • Health care • Public sector • Insurance

  8. Some specialized emphases • Entrepreneurship • International • Consulting

  9. Additional Requirements • Language skills/international experience • Internship • Major project or activity with existing firm

  10. MBA’s-Who are students? • Many from outside U.S. (20%-40% common • “Older” than students in many other graduate programs (many with significant work experience) • About 60% male

  11. Numbers compared with other degrees(annually) • About 100,000 MBA degrees • About total Master’s degrees (all areas) • About 230,000 Bachelor’s degrees in business • About 1.1 million Bachelor’s degrees (all fields)

  12. MBA’s-Funding • Tuition • Donations • Government

  13. MBA’s –Who pays tuition? • Student • Student’s family • Employer • Private foundations • Government

  14. Future seeing more • Emphasis on “people skills” such as Leadership Teamwork • Understanding of “real world”-for example, -field experiences -implications of decisions, etc. • Consideration of ethics • Integration of international issues • Leadership • Teamwork

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