You would think that the world would have thought of teaching business education to their youth before 1881, and surely business instruction was available. Most likely it was word of mouth, father to son apprenticeship type of work study or a learn by doing type of training. Most specializations were learned in this way.
College was for the purpose of teaching students how to learn and was geared to rounding out their personalities and making them ready to take on the world of business and to become successful community leaders. In the thinking of those days, women had little use for college and certainly wouldn’t have needed a business education had one been offered.
The first business schools
Time changed in 1881 when the Wharton Business School in the US developed an The Institut Europeen d’Administration des Affaires (INSEAD that offered degree programs along with their business training. The Tuck School of business, a little older than the Wharton School, was the first management school to begin awarding commercial science degrees that were the origin of today’s MBA, according to BB World online.
Chicago University in 1940 introduced a program to teach potential executives— EMBA — at their Graduate School of Business. The scene has changed and since those first business programs were so highly successful, many other colleges and universities, national and international, followed suit and added MBA degree programs to their curricula.
Types of MBA degrees
The University types of degree programs offered to day aren’t much different in basic content, but are structured differently. This has been necessary to meet the needs of those who were involved in business but in different ways.
Two year program
The two year program is a quite successful degree program for the student, most likely just out of high school and in need of experience in order to get a good job. These kids don’t want to waste four years at a university and graduate still not being able to find work. There’s no time off here and its two years of hard study. Part time work is often out of the question. It’s an accelerated business learning course and when the degree is awarded, these students are ready to take on the business world.
Part time MBA
If you’re already working in the business field and find you need extra schooling for advancement, more pay, or for whatever, there’s a degree program for you. These are taught year round and most busy executives or employees wanting to further their business acuity can manage to get their degree after several years of applied effort.
Executive MBA programs
These specialty business programs are designed to further the knowledge and skills of busy executives and most of their classes are taken on off work time.
Of course each school is different and each structured program is different so don’t assume that any one fits all business needs. A few things to consider: Before deciding, check out what’s available that’ll fit in with your life style and be sure to check their accreditations. Not all on-line programs are equal. Those associated with a university or regular classes with an instructor teaching is more favorably accepted when job placement is the issue, but there are exceptions.