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51-521: Established in 1967 as the College of Business and Economics, the now Lee Business School is one of the largest schools at UNLV with approximately 3,500 undergraduate students, 500 graduate students, and 100 faculty and staff and offers the only AACSB accredited business program in Southern Nevada. The school offers ten undergraduate majors, 14 minors and seven graduate degrees. Lee Business School

102-456: A JD , etc.) to let students cut costs (dual programs usually cost less than pursuing two degrees separately), save time on education and to tailor the business education courses to their needs. This is generally achieved by allowing core courses of one program to count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years. Mini-MBA

153-414: A discussion of the literature , providing a critical review and structuring of what is known on a given topic, to address a specific problem; a case study that goes beyond simple description, containing the analysis of hitherto unpublished material; a test of the application or limitations of some known principle or technique in a particular situation, and/or suggested modifications. As an alternative to

204-460: A complete traditional MBA degree. This is to allow students to verify business-related coursework for employment purposes and still allow the option to complete a full-time MBA degree program at a later period if they elect to do so. Many programs base their admission decisions on a combination of undergraduate grade point average , academic transcripts, entrance exam scores (for example, the GMAT or

255-691: A critical admissions component for many MBA programs. Many top-tier programs require five or more years of work experience for admission. MBA admissions consulting services have been increasingly used by prospective MBA applicants to improve their chances of admission. They are most common in the U.S., with as many as one-quarter of applicants using these services in 2016, though they have been gaining popularity elsewhere, including India and Canada. Consultants can provide basic coaching including help with program selection, mock interviews, and essay proofreading, though some will provide other services like writing essays from scratch. The use of consulting services

306-525: A different experience, many Asian programs offer scholarships and discounted tuition to encourage an international environment in the classroom. Rankings have been published for Asia Pacific schools by Asia Inc. , which is a regional business magazine with distribution worldwide. The importance of MBA education in China has risen, too. There are now more than 50 business schools in Bangladesh offering

357-701: A few standalone business schools allied with foreign business schools exist in Nigeria. In South Africa , South Africa's Council on Higher Education (CHE) completed an extensive re-accreditation of MBA degrees offered in the country in 2004. In Ghana , business schools of the traditional universities run a variety of MBA programs. Foreign accredited institutions offer MBA degrees by distance learning in Ghana. MBA programs in Kenya are offered in many public and private universities. Students choose to specialize in one of

408-677: A higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less downtime during the program and between semesters. For example, there is no three to four-month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation. Accelerated programs typically have a lower cost than full-time two-year programs. Part-time MBA programs normally hold classes on weekday evenings after normal working hours, or on weekends. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take

459-620: A light course load for a longer period of time until the graduation requirements are met. Evening (second shift) MBA programs are full-time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who can not leave their work to pursue a full-time regular shift MBA. Most second shift programs are offered at universities in India. Modular MBA programs are similar to part-time programs, although typically employing

510-440: A lock-step curriculum with classes packaged together in blocks lasting from one to three weeks. Executive (part-time) MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA (or another business-related graduate degree) in two years or less while working full-time. Participants come from every type and size of organization – profit, nonprofit, government – representing

561-423: A sequence of courses, beginning in the first part (formulation) and culminating in the second (execution), or as a single intensive course, offered during the second part. Some programs offer a specialization in "strategy", others in management consulting which substantially addresses the same issues. The MBA dissertation (or thesis in some universities) will, in general, comprise the following in some combination:

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612-519: A subject specialty or concentration. Thus, in the program's first year (or part), students acquire both a working knowledge of management functions and the analytical skills required for these, while in the second year (part), students pursue elective courses, which may count towards a specialization. (Topics in business ethics may be included at the generalist or specialist level.) After the first year, many full-time students seek internships . The degree culminates with coursework in business strategy ,

663-528: A survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers. Some of the more common jobs an MBA prepares one for include: Financial Times , in its Executive Education Rankings for 2012, included five African business schools. In Nigeria , business schools administered as colleges within the traditional universities offer a variety of MBA programs. In addition,

714-403: A three to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical full-time, accelerated, part-time, or modular MBA requires 60 credits (600 class hours) of graduate work. Accelerated MBA programs are a variation of the two-year programs. They involve

765-594: A total of more than 500 programs. In India , MBA degree is a 2-year postgraduate qualification designed to equip students with advanced business skills and knowledge. It typically covers a wide range of subjects including finance, marketing, human resources, operations, and strategy. One can get MBA degree offline as well as offline. There are many business schools and colleges in India offering two-year MBA or PGDM programs accredited by AICTE or UGC . Advanced degree Too Many Requests If you report this error to

816-492: A variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education. Full-time executive MBA programs are a new category of full-time one year MBA programs aimed at professionals with approximately five years or more. They are primarily offered in countries like India where

867-523: A whole may be substituted with additional elective coursework. Many MBA programs culminate in a comprehensive exit examination . The national standardized exam known as the Major Field Test for MBAs (MFT-MBA) has been administered in the MBA programs of over 300 U.S. universities. The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum. It

918-505: Is a professional postgraduate degree focused on business administration . The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management . MBA programs in

969-584: Is a degree program similar to an MBA program that is specifically structured for and targeted towards corporate executives and senior managers who are already in the workforce. In 1900, the Tuck School of Business was founded at Dartmouth College offering the first advanced degree in business: the Master of Science in Commerce, a predecessor of the MBA. The first MBA was launched eight years later, at

1020-446: Is a term used by many non-profit and for-profit institutions to describe a training regimen focused on the fundamentals of business. In the past, Mini-MBA programs have typically been offered as non-credit bearing courses that require less than 100 hours of total learning. However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that they may be applied towards

1071-613: Is administered by Educational Testing Service . Another prominent option for comprehensive exit exams is the Common Professional Component Comprehensive Exam for MBAs (CPC COMP Exam for MBAs) owned by Peregrine Academic Services. Many programs choose to administer their own in-house exam rather than a standardized test. Honor societies recognize individuals for high achievement in MBA programs. These honor societies include: An MBA prepares individuals for many types of careers. According to

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1122-504: Is among the top 5 percent of business colleges and schools worldwide to hold international dual accreditation in business and accounting by the Association to Advance Collegiate Schools of Business (AACSB), the premier accrediting body for business and management education. In addition to its scholastic endeavors, Lee Business School is home to three centers that bring together faculty and students with business and industry. These include

1173-509: Is frowned upon by many business schools' admissions committees, and applications can be hurt by looking like they were written with a consultant, such as by having a high level of writing compared to the candidate's speech or not appearing unique. Some also express concern that they give an unfair advantage to students who can afford the services' high costs. In general, MBA programs are structured around core courses - an essentially standard curriculum - and elective courses that may allow for

1224-457: Is increasingly included as a core functional course rather than an elective. Ethics training is often delivered with coursework in corporate social responsibility and corporate governance. Note that - generally - courses here, although technical in scope, are, ultimately, oriented toward corporate management. (For example, the principal finance course may cover the technicalities of financial instrument valuation and capital raising , but does so from

1275-425: Is similarly included. Company visits (including overseas travel), and guest lectures or seminars with CEOs and management personalities may also be included. These, with the core subjects, provide the graduate with breadth, while the specialty courses provide depth. For the business strategy component, the degree capstone, the focus is on finding competitive advantage and the long-term positioning and management of

1326-440: Is the most prominently used entrance exam for admissions into MBA programs. The Graduate Record Examination (GRE) is also accepted by almost all MBA programs in order to fulfill any entrance exam requirement they may have. Some schools do not weigh entrance exam scores as heavily as other criteria, and some programs do not require entrance exam scores for admission. In order to achieve a diverse class, business schools also consider

1377-609: The Harvard Graduate School of Business Administration , with 15 faculty members, 33 regular students and 47 special students. Its first-year curriculum was based on Frederick Winslow Taylor ’s theory of scientific management. The number of MBA students at Harvard increased quickly, from 80 in 1908, over 300 in 1920, and 1,070 in 1930. At this time, only American universities offered MBAs, although business schools offering other qualifications had existed in Europe since

1428-600: The 18th century. Other milestones include: Globally, the three most important accreditations of MBA programs and business schools are the Association to Advance Collegiate Schools of Business ((AACSB), Association of MBAs (AMBA), and the EFMD Quality Improvement System (EQUIS), with holding all three of these being known as triple accreditation . Of these, AMBA offers programmatic accreditation for MBAs and other graduate degrees, while

1479-588: The Accreditation of Healthcare Management Education (CAHME). U.S. MBA programs may also be accredited at the institutional level. Bodies that accredit institutions as a whole include: Full-time MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August or early September of year one and continue until May or June of year two, with

1530-461: The GRE test score), a résumé containing significant work experience, essays, letters of recommendation, group discussions, and personal interviews. Some schools are also interested in extracurricular activities, community service activities, or volunteer work and how the student can improve the school's diversity and contribute to the student body as a whole. The Graduate Management Admission Test (GMAT)

1581-911: The MBA and the JD , DMD , MS in Hotel Administration, or MS in Management Information Systems. The school also offers a Graduate Certificate in New Venture Management. The Lee Business School MBA program was ranked #89 for 2022 by U.S. News & World Report for Part-time MBA programs. 36°06′24″N 115°08′18″W  /  36.106803°N 115.138434°W  / 36.106803; -115.138434 Master of Business Administration A Master of Business Administration ( MBA also Master in Business Administration )

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1632-615: The MBA, predominantly targeting graduates without any work experience. Most MBAs are two years full-time. Sensibly there is little use of GMAT. The Business Schools conduct their own admission tests instead although the rationale for this instead of providing introductory courses and certifications is unclear. Classes are taught in English. In 1990, the Academic Degrees Office of the State Council formally approved

1683-705: The Troesh Center for Entrepreneurship and Innovation, Center for Business and Economic Research (CBER), and Lied Center for Real Estate. With more than 21,000 graduates, the Lee Business School Alumni Chapter is the largest alumni chapter on campus. In 2011, Ted and Doris Lee donated $ 15 million to the UNLV College of Business, which was subsequently renamed the Lee Business School. The Lee Business School offers

1734-421: The United States typically require completing about forty to sixty semester credit hours , much higher than the thirty semester credit hours typically required for other US master's degrees that cover some of the same material. The UK-based Association of MBAs accreditation requires "the equivalent of at least 1,800 hours of learning effort", equivalent to 45 US semester credit hours or 90 European ECTS credits ,

1785-606: The course then covers the core management functions, and, in turn, allows students to select from further advanced topics as appropriate. Some programs treat the curricula here in two parts: the first course provides an overview, while the second revisits the subject in-depth (perhaps as specializations); alternatively, the first addresses short-term, tactical problems, while the second addresses long-term, strategic problems (e.g., "Financial Management I" might cover working capital management , while part II covers capital investment decisions ). An Information systems / technology course

1836-405: The decision maker. Similar to real world business situations, cases include both constraints and incomplete information. Practical learning (field immersion) often comprises consulting projects with real clients, and is generally undertaken in teams (or "syndicates"). The practical elements (as well as the case studies) often involve external practitioners —sometimes business executives—supporting

1887-413: The dissertation, some programs instead allow for a major project . Here (part-time) students will address a problem current in their organization; particularly in programs with an action learning orientation, these may be practically oriented. Most MBA programs require additional course work in research methodology, preceding the dissertation or project. Some programs allow that the research component as

1938-434: The entity as a whole. Here, the key functional areas are thus synthesized to an overall view; the strategy course depicts how the various sub-disciplines integrate to tell one continuous story, with each discipline complementing the others. Corresponding training in business leadership may also be scheduled and participation in a business simulation or game is also a common degree requirement. "Strategy" may be offered as

1989-406: The establishment of MBA degrees and piloted MBA education. In 1991, the Academic Degrees Office of the State Council approved 9 domestic colleges and universities to carry out MBA education pilot work. Since then, mainland China has successively approved more institutions for MBA education training unit. At present, a total of 229 colleges and universities have opened MBA programs in the system, with

2040-728: The following areas: accounting, finance, entrepreneurship, insurance, and human resources. The course takes four semesters of about four months each. International MBA programs are acquiring brand value in Asia. For example, while a foreign MBA is still preferred in the Philippines , many students are now studying at one of many "Global MBA" English language programs being offered. English-only MBA programs are also offered in Hong Kong , Indonesia , Malaysia , Singapore , South Korea , Taiwan , and Thailand . For international students who want

2091-748: The interpretation (and preparation) of financial statements while management accounting deals mainly in the analysis of internal results. The economics course covers managerial economics , a technical course that mainly focuses on product pricing as influenced by microeconomic theory, and aggregate-or macroeconomics , which deals with topics like the banking system, the money supply, and inflation. Operations Research and statistics are sometimes combined as "Managerial Decision-Making" or " Quantitative Decision-Making "; organizational behavior and human resource management may similarly be combined. In many programs, applicants with appropriate background may be exempt from various analytical courses. With these as underpin,

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2142-411: The others take a broader view, offering accreditation of the school rather than the MBA program (EFMD also offers programmatic accreditation, separately from EQUIS). Business school or MBA program accreditation by external agencies provides students and employers with an independent view of the school or program's quality, as well as whether the curriculum meets specific quality standards. Currently

2193-514: The perspective of managerial finance , as opposed to investment banking .) Technically-oriented courses, if offered, will be via a specialization. Programs may also include coursework-based training in the skills needed at senior levels of management: soft skills , such as (general) leadership and negotiation; hard skills, such as spreadsheets and project management; thinking skills such as innovation and creativity. Training in areas such as multiculturalism and corporate social responsibility

2244-437: The program capstone . A dissertation or major project is usually a degree requirement after the completion of coursework. Many MBA programs end with a comprehensive exit examination; see below. For Executive MBA programs, the core curriculum is generally similar, but may seek to leverage the strengths associated with the more seasoned and professional profile of the student body, emphasizing leadership, and drawing more from

2295-411: The same as a standard UK master's degree. Accreditation bodies for business schools and MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights or weekends) and distance learning students, many with specialized concentrations. An "Executive MBA", or EMBA,

2346-402: The specific experience of the individual students. Programs are designed such that students gain exposure to theory and practice alike. Courses include lectures, case studies, and team projects; the mix though, will differ by school and by format . Theory is covered in the classroom setting by academic faculty , and is reinforced through the case method , placing the student in the role of

2397-496: The target male-female ratio and local-international student ratios. In rare cases, some MBA degrees do not require students to have an undergraduate degree and will accept significant management experience in lieu of an undergraduate degree. In the UK, for example, a Higher National Diploma (HND) or even Higher National Certificate (HNC) is acceptable in some programs. Depending on the program, type and duration of work experience can be

2448-543: The teaching from academic faculty. (See Business school § Case studies and § Other approaches ; and, generally, Business education § Postgraduate education .) As outlined, courses begin with underlying topics and then progress to more advanced functional topics where these are applied; see aside. The analytic skills required for management are usually covered initially. The accounting course(s) may treat financial and management accounting separately or in one hybrid course. Financial accounting deals mainly in

2499-563: The three major accrediting bodies in the United States are: All of these groups also accredit schools outside the U.S. The ACBSP and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA). MBA programs with specializations for students pursuing careers in healthcare management also eligible for accreditation by the Commission on

2550-587: The traditional MBA , Executive MBA , and part-time MBA degrees. MBA Concentrations include: Finance, Marketing, Health Care Management, New Venture Management, and Human Resource Management. Dual degrees are offered are: MBA/MS Hotel Administration, MBA/MS in Management Information Systems, MBA/MS in Quantitative Finance, MBA/Doctor of Dental Medicine, MBA/Juris Doctor, MBA/MS Civil and Environmental Engineering, MBA/MS Computer Science, MBA/Doctor of Medicine. Students may also complete dual degrees with

2601-846: The two-year MBA program is targeted at fresh graduates with no experience or minimal experience. These full-time executive MBA programs are similar to one year MBA programs offered by schools like Insead and IMD . Distance learning MBA programs hold classes off-campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video , pre-recorded video, live teleconference or videoconference , offline or online computer courses. Many schools offer these programs. Blended learning programs combine distance learning with face-to-face instruction. These programs typically target working professionals who are unable to attend traditional part-time programs. MBA dual degree programs combine an MBA with others (such as an MS, MA, MEng , or

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