Evolution Of MBA In The Last Century

How the MBA Evolved over the course of more than a century 21 ST CENTURY The MBA first came into being in the beginning of the 20th century in the US. At first the MBA or Masters in Business Administration arose from bookkeeping and accounting. It soon gained popularity. 1881 In 1881 Wharton started its operations. 1900 1900 Tuck School of Business opened shop. 1908 But it was in 1908 that 1921 Harvard officially started the first MBA program with 47 students. Shanghai University of Commerce becomes the first business school in China in 1921. 1943 In 1943, the Booth School of Business offers the first Executive MBA program. 1954 The precursor to the GMAT, the Admission Test for Graduate 1957 Study in Business (ATGSB) is developed in 1954 by the education testing service. In 1957 INSEAD first legitimized the one year MBA program. 1978 In 1978 the ATGSB is reborn as GMAT. 1987 1987- Aspen comes out with the first online variant of the 2008 MBA. By 2008, 100,000 MBAS are graduating each year with 250,000 MBA students. 2015 In 2015 the average starting salary for MBA graduates stand at $100,000. MANAGEMENT WRITING SOLUTIONS