In the earlier
times, law, medicine, education and other similar fields were the apt choices to
do a postgraduate degree. However, with
the significance of having management expertise came to the fore with the
advent of industrialization. At present, the greater growth prospects presented
by MBA program have helped it become a preferential choice for many candidates.
Evolution of the
MBA program
In circa 1881,
Joseph Wharton established the first business school at an American University. However, the first formal MBA program was introduced
in a college in New Hampshire, United
States. In the 20th century, a school in Massachusetts,
United States, changed MBA’s pedagogical practice by introducing case studies as
a tool for teaching the essentials of management.
The US
introduced its MBA model requiring two years for its completion. As per the
model, the first year of the program teaches the basics of management; this is
followed by the students taking summer internships before the second year of
the program begins. The final year required students to learn the core business
disciplines such as marketing, finance, to mention a few. At that time, the majors or specializations in
MBA were Strategic, Accounting, Marketing and Finance. In general, the
enrollees for an MBA Institute in Uttarpradesh were in their mid or late twenties and had a work
experience of nearly two years.
Why MBA program
in the US was way ahead than that of Europe? For more Details Visite our Website: http://www.knmodifoundation.com
