Many of the world’s top managers have one thing in common – they have an MBA. The MBA (Master of Business Administration) is the gold standard for business degrees. There is a huge range of business degrees available, including generic ones like Batchelor of Business Administration (BBA) or specialist degrees in areas like Finance or Marketing. However, few of these degrees focus on Management, or even have any substantial Management content.
Most people who work in business start off in a functional area such as Finance or Human Resources and are later promoted to a management position with little knowledge of what’s really involved. At this point they often decide to enrol for an MBA course in order to improve their management skills. However MBAs can also be useful to recent graduates and can reduce the time it takes them to achieve a management post.
MBAs were first introduced in the USA in the late 1800s and for many years they remained an American phenomenon. The......
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