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A Master of Business Administration (MBA also Master in Business Administration) is a professional postgraduate degree focused on business administration. [1] The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program.
The Master of Management (MM, MiM, MMgt) is a master's degree comprising one or two years graduate level coursework in business management. [1]In terms of content, it is similar to the Master of Business Administration (MBA) degree as it contains identical management courses but is open to prospective postgraduate candidates at any level in their career unlike MBA programs that have longer ...
The original name of the school was "Institut Européen d'Administration des Affaires’ which was later shortened to INSEAD. In 2000, the school opened a second campus in Singapore, and in 2007, it established a Centre in Abu Dhabi primarily for research and executive education, which later achieved campus status in 2010.
The average cost of an Ivy League MBA is $100,000 a year, with tuition averaging $78,000 a year as of 2022. [1] BestColleges notes that despite the high tuition rates at Ivy League business schools, graduates from these programs have access to alumni and industry connections that can lead to middle management positions with high salaries. [9]
The M7 business schools form an informal network of business schools recognized as having elite MBA programs, [1] [2] [3] regarded as among the most prestigious in the US. [4] They are regularly highly placed in global rankings of MBA programs. The deans of the M7 schools meet twice a year to share news and insights. [5] [6]
A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. [1] A business school may also be referred to as school of management, management school, school of business administration, college of business, or colloquially b-school or biz school. [2]
Beginning with the 2018-2019 academic year, the Harvard Business School DBA transitioned into an Interfaculty PhD in Business Administration. [8] The longest running DBA program is the DBA program of Business School Lausanne (BSL), a private business school located in Lausanne, Switzerland, that was launched in 1987.
Schools named after people are alphabetized by last name. Accreditation bodies for business schools in the United States include Association to Advance Collegiate Schools of Business (AACSB), Accreditation Council for Business Schools and Programs (ACBSP), and International Assembly for Collegiate Business Education (IACBE).