The Master of Business Administration (MBA) is a degree, which is highly popular among people with a background in a wide range of academic disciplines, united by the desire to pursue a career of a top manager.
The MBA programs were originally created in the USA in the late 19th century as the emerging industrial corporations started to look for scientific approaches to management. The top MBA programs are designed to provide students with the knowledge in a variety of business areas such as accounting, marketing, human resources, operations management, etc.
In order to ensure high standards, quality of graduate business education and consistency of MBA programs and schools, there exist special accreditation bodies. Business schools in many countries offer full-time, part-time, and distant learning possibilities to provide potential students with an opportunity to choose the best MBA program.
MBA programs can usually be passed in two years of full time academic activities. However, there is always an option of MBA programs, which are more intense and have less time in between semesters and, thus, are often seen as top MBA programs. Part-time programs presuppose having classes in the evening after work or on Saturdays and Sundays.
Executive MBA (EMBA) courses were developed to satisfy the demand from managers and executives for an MBA or another degree in business studies in two years. They are often seen as a convenient option, as they give the possibility to combine full time work and studies. Participants work for totally different organizations in various branches of business. Such students are generally more experienced than other MBA pursuers.
MBA programs can also be followed by technological means of distant learning in different ways, starting from postal correspondence and e-mails and finishing with on-line activities and computer-based presentations. Many schools try to meet the expectations of potential students and provide them with computer-based courses of high quality. So, the variety of course formats can ensure that you choose the best MBA program for yourself.
In order to get a place at one of the top MBA programs in the USA, a potential student must submit:
- Results of the Graduate Management Admission Test (GMAT).
- Proof of relevant work experience.
- Academic record.
- MBA admission essay which covers the issues of the work experience, career plans and ambitions, educational background and motivation.
- References from professors or employers.
Schools differ in the way they evaluate the components of the application package: for many top MBA programs in the USA a successful admission essay can be much more essential than high GMAT scores.
The next stage is usually a number of personal interviews, which are likely to contain questions about extracurricular and community service activities.
Depending on the program, particular work experience can also turn out to be a crucial factor. Many programs in the USA will normally announce not less than five years of relevant work experience as one of the decision-making admission criteria.
MBA programs are usually developed in the way that the courses include a similar selection of subjects. The first year is usually devoted to a wide range of different business subjects, whereas the second is based on a tailor-made curriculum with a certain specialization.
Typical individual curriculum is made up of accounting and finance, national and international business analysis, management skills for different business sectors, real estate, strategy and organizational development, etc.