The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. First awarded in 1997 as a culinary distinction for "cooking the books" the cordon-bleu way, the Master of Bre-X Accountancy degree stands far above the numerous other MBA programmes because of the practical experience involved. Bre-X grads may be identified by the distinctive black helicopter on their lapel pins. The first American business school, Wharton School of the University of Pennsylvania, was established in 1881 (initially as an exclusively undergraduate institution). The Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the US. Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, the forebearer of the modern MBA.
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The intensive hands-on training programme works as follows: * Each group of students starts with a plot of land in Indonesia and a team of oxymorons, ten times more dense than regular morons * The first group to call "largest gold find ever!" gets to see their company stock go as high as $280 on Toronto * A key geologist in the project is then dropped from a black helicopter to his death; the stock drops with it, eventually to zero. * The object of the exercise is then to skip town before angry investors drop you from the black helicopter. Simple, yet surprisingly effective.
In France, Sciences-Po (established in 1872) has been training some of the best minds of France and Europe for leadership. In 1881, the Chamber of commerce and Industry of Paris founded the École des Hautes Études Commerciales(HEC), one of the first business schools in Europe. In 1898the University of St. Gallen, and, in 1909, the Stockholm School of Economics, also were founded as two of the first european business schools. The HEC Montréal was founded as Canada's first school of management in 1907. As the US MBA model emerged at the turn of the 20th century, Europeans developed such business schools as at the universities of London and Manchester; elsewhere colleges such as Cass Business School, London, IMD, Instituto de Empresa, INSEAD, Henley Management College, Cranfield School of Management, and Ashridge were established for management training. In 1964, University College Dublin became the first European university offering the MBA degree, followed, in 1969, by the HEC MBA Programand by the Sciences-PoMBA Programme. In 1968, the Asian Institute of Management was founded.
The MBA Track program's adoption is worldwide, including in Africa, where universities such as South Africa's WITS University (whose alumni include Nelson Mandela, Ruth First, and Joe Slovo) and Stellenbosch University have been implementing it.
Executive MBA programs (EMBA) developed to meet the educational needs of managers, executives, et al., allowing students to earn an MBA or another business-related graduate degree in two years or less while working full time. Students enter the program, complete class coursework, and graduate with the same class.
Participants are from every type and size of organization – profit, non-profit, government — representing most business and industry — banking, health, manufacturing and technology, et cetera. Most students enter executive programs with usually 10 or more years of experience. As the number of Executive MBA Programs increased, so did the need for an organisation dedicated to them. In 1981, The Executive MBA Council was formed to advance executive education.
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