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The Evolution of the MBA

EVOLUTION The Master of Business Administration, better known as the MBA, first appeared in the U.S. at the start of the 20th century. Developing from bookkeeping and accounting courses, the MBA was modeled on the standard American of the MBA two-year postgraduate academic program. This model won broad acceptance and spread widely. HISTOR Y 1881 The Wharton Business 1908 School at the UNIVERSITY OF PENNSYLVANIA is founded as the world's first collegiate -1800s THERE WERE 47 STUDENTS ENROLLED AT THE TIME. Н business school. 1900 DARTMOUTH COLLEGE'S Tuck School of Business opens the first graduate school of management. HARVARD UNIVERSITY'S Graduate School of Administration offers the world's first MBA program. 1900s 1921 1915 SHANGHAI UNIVERSITY OF COMMERCE becomes the first business university in China. WENDELL THOMAS CUNNINGHAM, the son of a former slave, graduates from Harvard Business School becoming its. first known African American alumnus. 1943 1950 1954 THE UNIVERSITY OF WESTERN The Admission Test for Graduate Study in Business (ATGSB), precursor to the GMAT, is developed by the Education r- Testing Service. ONTARIO in Canada becomes the first school to offer MBA degree programs in Canada. THE UNIVERSITY OF CHICAGO Booth School of Business offers the first - 1950s - Executive MBA (EMBA) program. 1957 1976 INSEAD creates and legitimizes the one-year - --- Graduate Management MBA program. The ATGSB is renamed the 1980s Admission Test (GMAT). TOP TEN 1987 EMPLOYERS OF MBA GRADS 1. GOOGLE 2. MCKINSEY & COMPANY 3. Bain & Company ASPEN UNIVERSITY ONLINE pioneers the first accredited online MBA program 4. GOLDMAN SACHS 5. Apple 6. BCG Boston Consulting Group 7. Wacr DisNEy 2008 8. NIKE 9. JP MORGAN In the U.S., more than 250,000 2000s students are enrolled in MBA 10. Fohnson + Fohnson programs and more than 100,000 MBA degrees are conferred annually, comprising at least 66% of all graduate business degrees awarded. 2010 The median salary for MBA degree holders is $97,714. Experience (in years) Average Salary $50,000 $73,000 $100,000+ COMPANIES FOUNDED < 1 5+ BY MBA GRADS 20+ MATCH.COM GILT GROUPE KEVIN INSEAD 90 R Y A N gary.kremen LIZ CLAIBORNE Jerome Chazen COLUMBIA '50 STANFORD 89 2011 JOE COULOMBE eTrade STANFORD '54 TRADER JOE'S WILLIAM PORTER PHIL KNIGHT NIKE CAPTIAL ONE STANDFORD '62 Technological innovations advance online learning. UNC Kenan-Flagler launches MBA@UNC. NigelMorris EricBaker! A STANDFORD'01 LONDON BUSINESS SCHOOL STUBHUB *85 2010 MOST GMAT TESTS TAKEN BY COUNTRY 50,000+ | 20,00-24,999 | 15,000-19,999 10,000-14,999 5,000-9,999 0-4,900 USA CHINA INDIA CANADA KOREA 10 UK GERMANY TAIWAN FRANCE ISRAEL SOURCES:| | | | | | | ||| | | | | | | | ILI UNC KENAN-FLAGLER BUSINESS SCHOOL design by francesca greggs & lemonwood design.

The Evolution of the MBA

shared by rmmojado on Dec 28
Business education has been evolving since the inception of the MBA in the late 19th century and is now innovating at a faster rate than ever before. With the launch of our full online program this pa...


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