What is an MBA course?
Internationally recognized as a passport to a successful management career, the Master of Business Administration (MBA) degree is the most popular postgraduate degree in the world. Each year in the USA more than 90,000 MBAs graduate, and in the UK more than 10,000 graduate each year. This makes the United Kingdom the highest producer of MBAs outside the USA.
The first MBA course was established in the early 1900s in the USA and it arrived in Europe in the 1960s when IESE was founded in Spain . Shortly after that the London Business School and Manchester Business School were established. Differences in MBA courses around the world are many. For instance, in the USA, the courses are generally two years in length, but the majority of courses in Europe take twelve months to complete, although that varies from 10 months to two years.
There are thousands of universities and colleges all over the world which offer the MBA at the moment. Lifestyles are changing and globalization is increasing, which means that these schools have to offer more flexible learning methods.
For instance, you can study full-time where you take that time off work to go into business school every day. This way can take two years up to maybe five years but allows you to take more time to reflect and read and get immersed into what is a very interesting course. However, you will find it very difficult to earn money during this time - so some people find it very difficult to do. Part-time courses allow you to work full-time whilst taking your MBA course either in the evenings or over weekend modules. Even though these can take up to five years it does mean your life is more busy as you are working full time in addition to lectures and coursework. Then there is distance learning - which can be done through CD-Roms, printed materials and even fully online - whichever way suits you the most.
Whatever type of course deliver you are looking for, the right programme is out there. You can even get your MBA with your employer as they offer the course as part of their internal career development programme. Strong alliances have been developed with management colleges and business schools so that top talent can be developed and retained.
However, there is a massive diversity in quality between programmes, you need to make the right choice to ensure that your time and your money is not wasted. This is why you must take the time to research MBA courses as much as possible. Employers do care where you got your MBA from, so make sure the school is accredited (AMBA, EQUIS, AACSB) and ask around to ascertain their reputation.