The term MBA stands for Masters of Business Administration and this degree taken from a reputed MBA college is really very important and helpful. At present MBA attracts a huge range of people from variety of academic disciplines. The MBA program was originated in the US while the country was being industrialized and the companies figured out a scientific approach of management. In term of business the first graduate school was the Tuck School of Business in the United States and it was a part of Dartmouth College which was founded in 1900. This was the first ever institution which conferred post-graduate degrees named as Masters of Science in commerce in the commercial sciences. Later this degree was named as the MBA degree.
MBA program has many different disciplines and that can be pursued and combined. Most common MBA disciplines are economics, accounting, entrepreneurship, e-commerce, finance, human resources management, technology management, risk management etc. In terms of MBA programs the difference only exists in between university and college in the name as wherever you complete MBA you will have to face quite the same curriculum. Reputed colleges are sometimes even better as it is a post graduate degree and the colleges do not have vast range of problematic issues such as universities have. There are many types of MBA programs available. The basic types of MBA programs are two years (full-time) MBA, accelerated MBA, part-time MBA, executive MBA, dual and mini MBA. Students can easily choose their favorite course from these. All that we can say that at present the most flexible respective post-graduate program is an MBA degree.
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In case of MBA degree from any MBA college is the only critical issue is the institutions accreditation. Whether you find a college, university or specified business school it remains all the same in terms of course curriculum but one thing you should make sure that the chosen institution must own a regional accreditation. Regional accreditation means quite a lot as the coursework and degree they complete there, will be easily recognized by other colleges, universities and the employers as well. Besides MBA providing institutes receive rankings from organizations and publications each and every year. These ratings can help students finding a good institution. With a good rating and regional accreditation, a college can become a high standard MBA providing institute.
Though tuition aid is available for the MBA seekers like grants, MBA loans and scholarships, getting an MBA degree is always expensive. Tuition costs vary depending upon the institution and the chosen programs. In colleges, students can easily cope up with the tuition fees on the other hand a university costs much more than a college do.
An MBA degree increases salary potential and advances your career and it is almost a must in this present business world. If studied properly, nowadays having a high respective value MBA in colleges is the most respective, tension free post-graduate program. So, we can say that degrees from a well-knownMBA college can really help the students.
Arindam Chaudhuri professor of IIPM Management College offers MBA and BBA courses.
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