July 10, 2008
Passport to a Life in Management
By David Whinyates
The Master in Business Administration (MBA) degree is internationally recognised and seen as a passport to a successful management career.
The MBA is essentially a generalist qualification, designed to widen the horizons of business professionals. It takes into account all the major functions of a business, including production and marketing of goods and services, finance procedures, the economic and legal environment and the social framework.
Other aspects are accounting, quantative methods and management information systems and human resource development at both the personal and collective level As well as a post-graduate degree, the MBA is also strongly post-experience.
Students on an accredited MBA course will usually bring five to ten years postgraduate experience with them. For those without such experience, a Masters in Business and Management (MBM) may be more suitable.
The MBA is the world's most popular postgraduate degree. Around 90,000 MBAs graduate in the US each year.
The UK, with more than 10,000 graduates annually, produces the highest number of MBAs outside North America.
The Association of MBAs was founded in 1967 and has, since its inception, been instrumental in upholding the highest standards of postgraduate business education quality in an expanding global market.
The association's international accreditation service is fundamental to this purpose. It is an independent validation for postgraduate business programmes offered at institutions throughout the world.
Accreditation guarantees quality, assessing programmes rigorously.
Every accredited programme has been carefully scrutinised, and must meet demanding standards. The Association of MBAs visits all institutions with a panel of senior academics from leading accredited programmes, and ensures the facilities, faculty, curriculum and students are of the very highest standards.
The assessment report produced by the panel is in turn considered by the International Accreditation Advisory Board (IAAB), and only when they are satisfied can a programme earn accreditation.
The decision to take an MBA, MBM or Doctor in Business Administration represents a major commitment and investment, both in terms of finance and time. Information that prospective students can access about programmes and business schools is often fragmented and, in a great deal of cases, biased and incomplete. Under these circumstances, the Association of MBAs provides an authoritative opinion about the postgraduate management education market..
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