Mba stands for funny12/18/2023 ![]() ![]() MBAs can be pretty expensive (certainly more than your average postgraduate qualification) however, course fees do vary from provider to provider, and some employers may also be willing to subsidise the MBA course fees for you.Ĭheck ➤ What’s The Difference Between Undergraduate & Postgraduate Study?īusiness schools might devise their own entry exam or they will ask applicants to take the GMAT (Graduate Management Admissions Test), which is used by business schools worldwide. ![]() Reputation is a key factor when choosing MBA courses, as employers will not just be looking at the MBA, but where you took it. However, even distance learning students have to commit at least 20 hours a week to studying. MBA students can also take it part-time or through distance learning, so they don’t have to leave their current role. If you’re studying full-time, it’s a one to two year course. Over time, the European MBA has evolved into something slightly different from its American predecessor, but a classic MBA still has the same basic function: to cover the major areas of business, from accounting, finance, and human resources to operations management, I.T., change management and marketing. Forget The Beatles, mini-skirts and flower power, the 1960s was the time that Europe started to embrace the MBA. Fast-forward 60 odd years and business schools in Europe started offering the course. MBAs date back to the turn of the century, when it was devised in America as a response to the growing need for scientific approaches to management. It’s a top level, internationally-recognised business qualification, designed to train up the next generation of high-flying managers, with a hefty price tag to match. MBA stands for Master of Business Administration. ![]()
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