Courtesy :Masters in Business Administration (MBA)
Exit examination
Many MBA programs culminate in a comprehensive exit examination. The national standardized exam known as the Major Field Test for MBAs (MFT-MBA) has been administered in the MBA programs of over 300 U.S. universities. The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum. It is administered by Educational Testing Service. Another prominent option for comprehensive exit exams is the Common Professional Component Comprehensive Exam for MBAs (CPC COMP Exam for MBAs) owned by Peregrine Academic Services. Many programs choose to administer their own in-house exam rather than a standardized test. # ISO certification in India
Honor societies
Honor societies recognize individuals for high achievement in MBA programs. These honor societies include:
- Beta Gamma Sigma – membership requires one to be in the top 20% of their program’s class after completing half of the program.
- Delta Mu Delta – membership requires one to be in the top 20% of their program’s class and have a GPA of at least 3.6 after completing half of the program.
- Financial Management Association – membership requires one to have a 3.5 overall GPA, or a 3.5 GPA in finance and finance-related courses, after completing half of the program.
- T10 – membership requires one to have scored in the top 10% in the country on a national comprehensive MBA exam.
Careers
An MBA prepares individuals for many types of careers. According to a survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers. Some of the more common jobs an MBA prepares one for include:
- Business analyst or strategist
- Business development analyst, associate, or manager
- Market research analyst
- Managing Director (of a department)
- Investment banker
- Entrepreneur/founder
- Financial analyst, associate, or manager
- Management consultant
- Marketing associate, analyst, or manager
- Portfolio manager
- Healthcare administrator, analyst, or manager
- Project analyst or strategist
- Product analyst, associate, or manager
- Program analyst, associate, or manager
- Operations analyst, associate, or manager
Europe
List of business schools in Europe
History
In 1957, INSEAD (French name “Institut Européen d’Administration des Affaires”, or European Institute of Business Administration) became the first European university offering the MBA degree, followed by EDHEC Business School and Antwerp Management School in 1959 and ICADE in 1960 (who had started offering in 1956 a “Technical Seminary for Business Administration”), ESADE and IESE Business School (first two-year program in Europe) in 1964,UCD Smurfit Business School and Cranfield School of Management in 1964, Manchester Business School and London Business School in 1965, Trinity College Dublin, the Rotterdam School of Management in 1966, the Vlerick Business School in 1968 and in 1969 by the HEC School of Management (in French, the École des Hautes Études Commerciales) and the Institut d’Etudes Politiques de Paris. In 1972, Swiss business school IMEDE (now IMD) began offering a full-time MBA program, followed by IE Business School (in Spanish, Instituto de Empresas) in 1973, and AGH University of Science and Technology in Cracow, Poland in 1974. In 1991, IEDC-Bled School of Management became the first school in the ex-socialist bloc of the Central and Eastern to offer an MBA degree.# ISO certification in India
Bologna Accord
In Europe, the recent Bologna Accord established uniformity in three levels of higher education: Bachelor (three or four years), Masters (one or two years, in addition to three or four years for a Bachelor), and Doctorate (an additional three or four years after a Master). Students can acquire professional experience after their initial bachelor’s degree at any European institution and later complete their masters in any other European institution via the European Credit Transfer and Accumulation System.# ISO certification in India
Accreditation standards
Accreditation standards are not uniform in Europe. Some countries have legal requirements for accreditation (e.g. most German states), in some, there is a legal requirement only for universities of a certain type (e.g. Austria), and others have no accreditation law at all. Even where there is no legal requirement, many business schools are accredited by independent bodies voluntarily to ensure quality standards.# ISO certification in India
Austria
In Austria, MBA programs of private universities have to be accredited by the Austrian Accreditation Council (Österreichischer Akkreditierungsrat). State-run universities have no accreditation requirements, however, some of them voluntarily undergo accreditation procedures by independent bodies. There are also MBA programs of non-academic business schools, who are entitled by the Austrian government to offer these programs until the end of 2012 (Lehrgang universitären Charakters). Some non-academic institutions cooperate with state-run universities to ensure the legality of their degrees.
Czech Republic
January 1999 saw the first meeting of the Association of the Czech MBA Schools (CAMBAS). The association is housed within the Centre for Doctoral and Managerial Studies of UEP, Prague. All of the founding members of the association to have their MBA programs accredited by partner institutions in the United Kingdom or the United States of America.# ISO certification in India
Finland
In Finland, Master of Business Administration degrees are awarded by business schools of Aalto University, Hanken, University of Turku, University of Vaasa and University of Oulu. In Finnish this degree is called kauppatieteiden maisteri. Universities of applied sciences award degrees which in Finnish are called tradenomi (YAMK) but use the same English title “Master of Business Administration” as the ones awarded by business schools. Both degrees are recognized as higher education degrees in Finland, yet only the business school graduates are typically referred as “masters”.[citation needed # ISO certification in India
