How The Degree Of MBA Evolved?

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 20^th 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. 

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