Courtesy : Executive Masters in Business Administration (EMBA)

History

The first school of business in the United States was The Wharton School of the University of Pennsylvania established in 1881 through a donation from Joseph Wharton In 1900, the Tuck School of Business was founded at Dartmouth College conferring the first advanced degree in business, specifically, a Master of Science in Commerce, the predecessor to the MBA.

The Harvard Graduate School of Business Administration established the first MBA program in 1908, with 15 faculty members, 33 regular students and 47 special students.^[8][9] Its first-year curriculum was based on Frederick Winslow Taylor’s scientific management. The number of MBA students at Harvard increased quickly, from 80 in 1908, over 300 in 1920, and 1,070 in 1930. At this time, only American universities offered MBAs. Other countries preferred that people learn business on the job.

Other milestones include:

• 1930: First management and leadership education program for executives and mid-career experienced managers (the Sloan Fellows Program at the Massachusetts Institute of Technology).
• 1943: First Executive MBA (EMBA) program for working professionals at the University of Chicago Booth School of Business.^{[non-primary source needed]} Chicago was also the first business school to establish permanent campuses on three continents in Chicago (USA), Barcelona (Europe), and Singapore (Asia). Most business schools today offer a global component to their executive MBA. Since the program was established, the school has moved its campuses and is now based in Chicago, London, and Hong Kong.
• 1946: First MBA focused on global management at Thunderbird School of Global Management.^{[non-primary source needed]}
• 1950: First MBA outside of the United States, in Canada (Ivey Business School at The University of Western Ontario), followed by the University of Pretoria in South Africa in 1951.
• 1953: First MBA offered at an Asian school at the Indian Institute of Social Welfare and Business Management in Calcutta.
• 1957: First MBA offered at a European school (INSEAD).
• 1963: First MBA program offered in the Spanish-speaking world by ESAN- Graduate School of Business in Perú (South America), under the direction of the Stanford Graduate School of Business, United States. Sponsored by the USAID- United States Agency for International Development, at the request of former President John F. Kennedy, which organizes the main business schools in the United States to study and explore the possibilities of developing management education projects in Latin America. Thus, on July 25, 1963, la Escuela de Administración de Negocios para Graduados-ESAN was founded, within the framework of an agreement between the governments of Peru and the United States to offer the Master’s program in Business Administration for interested applicants from all over Latin America.
• 1963: First MBA offered in Korea by Korea University Business School (KUBS).^{[non-primary source needed]}
• 1986: First MBA program requiring every student to have a laptop computer in the classroom at the Roy E. Crummer Graduate School of Business at Rollins College (Florida).Beginning with the 1992–1993 academic year, Columbia Business School required all incoming students to purchase a laptop computer with standard software, becoming the first business school to do so.
• 1994: First online executive MBA program at Athabasca University (Canad

The MBA degree has been adopted by universities worldwide in both developed and developing countries.

Accreditation

United States

Business school or MBA program accreditation by external agencies provides students and employers with an independent view of the school or program’s quality, as well as whether the curriculum meets specific quality standards. Currently the three major accrediting bodies in the United States are:

• Association to Advance Collegiate Schools of Business (AACSB),
• Accreditation Council for Business Schools and Programs (ACBSP), and
• International Assembly for Collegiate Business Education (IACBE).

All of these groups also accredit schools outside the US. The ACBSP and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA). MBA programs with specializations for students pursuing careers in healthcare management also eligible for accreditation by the Commission on the Accreditation of Healthcare Management Education (CAHME).

US MBA programs may also be accredited at the institutional level. Bodies that accredit institutions as a whole include:

• Middle States Association of Colleges and Schools (MSA),
• New England Association of Schools and Colleges (NEASC),
• Higher Learning Commission (HLC),
• Distance Education Accrediting Commission (DEAC),
• Northwest Commission on Colleges and Universities (NWCCU),
• Southern Association of Colleges and Schools (SACS), and
• Western Association of Schools and Colleges (WASC).

Other countries

Accreditation agencies outside the United States include the Association of MBAs (AMBA), a UK-based organization that accredits MBA, DBA, and MBM programs worldwide, government accreditation bodies such as the All India Council for Technical Education (AICTE), which accredits MBA and Postgraduate Diploma in Management (PGDM) programs across India. Some of the leading bodies in India that certify MBA institutions and their programs are the All India Council for Technical Education (AICTE) and the University Grants Commission (UGC). A distance MBA program needs to be accredited by the Distance Education Council (DEC) in India. The Council on Higher Education (CHE) in South Africa, the European Foundation for Management Development operates the European Quality Improvement System (EQUIS) for mostly European, Australian, New Zealand and Asian schools, the Foundation for International Business Administration Accreditation (FIBAA), and Central and East European Management Development Association (CEEMAN) in Europe.