Online Accredited MBA Degrees & Programs

The MBA can lead to a wide variety of important posts in industry, education, and in government. In fact, a rising number of corporate executive officers (CEOs) and corporate financial officers (CFOs) proudly list their MBA degrees among their many accomplishments. Almost every industry in the country depends on people with MBA programs in their backgrounds to help lead their enterprises into the future.

The online MBA programs allow busy executives or entry level beginners to study at their own paces and in their own ways as they move towards this important degree. Receiving online MBA degrees will prepare you for further responsible positions in all business fields and can help you land a job in a management position. You can find several MBA programs online today that will help you earn the respect you deserve. Now you can receive the worlds best known and most widely recognized post graduate degree online. Yes, you can earn an online MBA degree. MBA degrees are professional degrees that are usually intended for individuals that work in business and management.

Are you trying to decide if you should get an online MBA degree?
The MBA degree is a document that will certify that you have a basic competency in all the major management roles that are found in today’s modern corporation. Usually people with a MBA degree can advance their careers in a number of industries and usually command higher salaries.

When is the best time to get an online MBA degree?
Yes, you can go straight through school and obtain your MBA degree. Most companies, though, will want to see some experience in the workplace. So, it may even be harder to find employment than if you just had a bachelors degree. Now, if you are out of school with a bachelor’s degree and have worked in your place of employment and would like to further your career with more exact study in a certain field, then an MBA degree would help you further your career. You already have experience in the field and you will be learning on the new innovative studies in today’s business management world by enrolling in an MBA program online. You may also feel like you are in a dead end job and are wanting to change careers, an MBA degree could also help you with making this adjustment and finding that perfect job. You will be able to find schools online that will fit into your schedule, so you can keep your job and go to school online. Earning an MBA degree online is better for those employed that need to study when not at work. Schools online are open 24 hours a day 7 days a week for your convenience. You will be able to download all work and information directly from the website and then study at your own pace.

What kinds of online MBA degree can I find online?
You will need to decide what type of MBA degree you are interested in earning. Are you more interested in a general MBA or a more specialized MBA? Earning a general MBA will not take as long as a specialized one but you will be more marketable with a specialized degree. Some of the major MBA degrees you will find online are: Accounting, , Economics, Marketing and Organizational behavior.

You will be able to find online MBA degrees that are more specialized than the general topics above that can help further your career. Be sure to research the MBA program for the qualifications that you are seeking to learn. Talk with your employer or school counselor before proceeding on an advanced career.

There is evidence that having an MBA degree will give you more leverage in achieving new job titles and salaries. Often, people with mba degrees will be able to work fewer hours and have a better quality of life.

How do I Apply For An Online MBA Degree
The one thing that you must NOT do is apply to the first online school you find that "appears" to meet your needs. Firstly you are making an investiment so you need to "shop around" for the best online MBA degree. This does not mean the cheapest. It means that you should take some time to compare a number of schools to see exactly what they offer. Remember that these online schools are fighting for your business..so take your time and choose wisely. Apart from acceditation, and subjects you need to consider the course times to see if they fit your busy schedule.

EMBA vs MBA

Different for different prospects: The EMBA course is aimed at experienced executives who prefer not to take a career break to take a full-time MBA and typically require significant business experience to gain admission. The regular MBA course is generally taken by candidates with relatively lesser work experience. On the other hand the EMBA course is generally taken up by experienced people who want to augment other skills/knowledge areas.

The Course Content: Courses offered in an EMBA program are normally the same as those taught in traditional MBA programs "" accounting, finance, statistics, and management, marketing and information systems. However, EMBA courses are enhanced by the extensive professional experience of the participants and are uniquely structured to cover management principles at a much higher level of enterprise complexity. MBA courses groom managers and EMBA are geared towards preparation for the Vice President/President/CEO/COO role. In addition, senior faculty experienced in teaching and consulting are employed as principal instructors.

The Duration of the courses: Regular MBA is a full time course spread around 2 years. There is a specialization to be chosen at the end of one year. The course content contains exhaustive subjects about the management career. The EMBA course is spread around 18-21 months which includes regular contact points which allow students to attend the classroom coaching as well as complete the various projects and assignments.

Advantages of the programs: In terms of advantages the regular MBA program helps to you to broaden your horizons with respect to purposeful core areas whereas the EMBA program helps you to take advantage of promotions in the existing firm or accomplish value additions in your career. If you want to choose the right management career path, it is necessary to decide whether you want to plunge yourself totally into the functional aspects of management or want to partly acquire the knowledge keeping your core area constant.

How will you solve the Dilemma: If you are still in two minds you might as well take up employment after graduation and decide in a year or two. You could then choose to continue with your existing employment and pursue an EMBA or diversify from your field and take up a full time MBA.


The Funding Aspect: A unique aspect of an EMBA program is that the funding can be done from your pocket. The high quality of faculty, facilities and support staff required to provide a successful EMBA program dictates that such programs include an investment by the participant"s sponsoring organization. Program costs are modest in comparison to the benefits yielded. In the majority of cases, students are sponsored fully, or in part, by their employers. Employers understand the competitive advantage they gain from having an employee whose management skills have been brought to the highest possible level. Students who are not sponsored by their companies often qualify for loans, scholarships, and/or other financial aid.

Study in UK-MBA in UK

The UK is fast emerging as one of the most popular study destinations for education in the world. There are numerous factors which prompt international students to pursue their education in the UK. UK education equips students with unparalleled academic and professional skills and augments their personal development with an unforgettable cultural experience. Where ever you choose to study in the UK, you will surely have an enriching and international experience, one that will remain etched in your memory forever and will arm you with a truly global perspective.
Quality Education
The British universities are owned and funded by the UK government and are subject to rigorous quality assurance audits periodically to standardize the quality of education across all institutions throughout the UK. This means that all aspects of education being offered by institutions in the UK, be they schools, further education or higher education or research institutions, will subscribe to a certain level of quality and standard as is closely assessed by the government.
All services such as facilities available to students, quality of teaching, research funds, infrastructure, accommodation services, student support and career services are monitored according to strict quantitative assessments. This means students can have confidence in the quality of delivery when they select to study in the UK.
World Class Qualifications
Quality standards for UK institutions are among the best in the world. The British qualifications are recognised and respected throughout the world. They serve as a solid foundation for building one's future, boosting career and prospects for a higher salary. UK universities, colleges and schools will provide a vibrant, creative, stimulating and challenging environment that gives students a chance for personal growth and to develop their potential.
Range of Courses
There are three thousand educational institutions in the UK that offer thousands of courses at different levels of education, be it schools, colleges, further education, higher education or research institutions. Students have umpteen number of options to choose from. There is also great flexibility in the way in which a subject can be studied and it is often possible to incorporate different elements such as vocational, English language training, work placements into a specific programme of study. Conversion courses are very popular in the UK with international students as they allow students from a non related background to pursue their studies in a specific subject. One of the biggest advantages of studying in the UK is that the option of combining work placements with academic study such as sandwich courses at the undergraduate level and work internships at the post graduate level. Having a work component weaved into the programme of study gives the students cutting edge knowledge and expertise as well as the hands on experience in your area of study, thereby strengthening chances of obtaining suitable employment later on.
Affordable Investment for the Future
Studying in the UK is often cheaper than in other countries due to the fact that the courses are shorter - the masters course generally are of 12 months duration as compared to 2 years in other countries and the bachelors programmes are normally of 3 years duration as compared to 4 years in other countries. Since the duration of the courses is shorter the living expenses also tend to be lower in comparison, as the duration of stay is reduced. This also means that students can enter the employment market sooner than their peers in other countries. At the same time, mid career professionals who have returned to university to study, spend comparatively less time away from their workplace and careers, thereby helping to prevent any major dent in their overall financial status and professional growth.
Student Visa and Part Time Jobs
According to the Visa regulations, on a student visa of more that 6 months duration, you can work 20 hours a week part time and 40 hrs a week full time during vacations. The minimum wage regulation in the UK states that the minimum possible wage per hour for students working part time must be £4.50, and generally students get paid between £4 to £7 an hour depending on the nature of the job. Although the students are allowed to work 20 hrs a week part time, they are strongly advised not to spend more that 8 to 10 hrs per week as courses in the UK are known for being very intensive.

Online MBA, Popularity, Respectability and Usability

Nowadays, there is a surge in demand for MBA programs. Advancement of distance learning through online education has brought MBA programs alive as the best means of career enhancement and professional development. Online MBA enjoys eminence as the first choice of career-conscious young and adult professionals in the market of education teeming with professional courses. Professionals who are aspirant of growth and development in career are looking forward to pursuing an online based MBA course. There is no suitable alternative to online MBA courses in terms of flexibility.
Which One is the Better of an Online Course and a Regular Program in MBA?
Many look down upon online learning programs as of less importance than regular courses. However, online and offline MBA programs are much similar when it comes to curriculum, standard and recognition. Flexibility of time and freedom of movement are the only differences between them. There is no denying to the fact that an online career-enhancing course if pursued from a certified institute often raises the marketability of one’s professional service many times more than a traditional course. The curriculum of online courses in MBA from worldwide recognized colleges or universities is backed by multimedia components like podcasting, video lectures and videoconferencing. However, both online MBA courses and traditional MBA programs equally enrich your career profile to let you enjoy a wider exposure in the arena.

Online based MBA Programs for Different Individuals with Different Purposes
Online based MBA courses are popular with mid-career professionals from all walks of life. Mid-career professionals who are burdened with family responsibilities cannot step out of their current profession to pursue a professional development program from a regular institute. An MBA course in online mode that allows them freedom of time to carry out family duties at smooth pace is their first and foremost need. Many graduates step up to do MBA courses in the mode of online study for the enrichment of their academic profiles. They go for online based MBA programs while graduating in another field as regular students. Moreover, fresh jobseekers take up an online course in MBA as an additional qualification that pushes them one step ahead of others in the job market.
Importance of Accreditation to Make a Go of MBA Programs in Online Learning
Mode
The number of MBA degree holders is on an increase in present scenario of the market where getting a prospective job is really a Herculean task. It is a hard-edged reality that many MBA qualified persons are sitting empty-handed at home. One of the major reasons for their unemployment is that they have bagged certificates in MBA from non-recognized institutes. Evidently, online based MBA programs in particular are respectable if they are stamped by nationally or internationally accredited educational institutes. Your curriculum vitae with an MBA diploma or degree qualification from some college or university of international reputation, is sure to catch attention of prospective employers. So make sure to check the accreditation of an institute before you join it to pursue an online MBA program.

Recommendation Letters - Business School Recommendations

Most business schools request to see at least two letters of recommendation during the application process. Recommendation letters provide admission committees with information that may or may not be found in your business school application, including academic and work achievements, character references, and personal details.
Good Business School Recommendations
A good recommendation letter will supplement your business school application. It will also provide specific examples of your accomplishments and/or work ethic. It is very important to choose the right person to write your business school recommendation. Do not pick someone based on their name and title alone. It will hurt you in the long run. You will be much better off choosing someone who knows you well. This person will be able to provide you with an honest, detailed, and heartfelt recommendation. The best business school recommendations come from someone who writes well, speaks highly of you, and gives specifics that back up their claims.
Bad Business School Recommendations
Business school recommendations that are poorly written can and will make you look bad. Before turning in your recommendation letter, make sure that it is up to par. Begin by checking for spelling and grammar errors. Then, think about your business school application and essay(s). Does the content of the letter support what you said previously? It should. If there are any contradictions, fix them before turning in your documents.
Finally, evaluate the accuracy of the recommendation. Does it properly reflect your character and work ethic? If not, get letter from someone else. You should never turn in a business school recommendation unless you are completely satisfied with it.

Financial Times - MBA Ranking-Global MBA 2009

TOP 40 MBA UNIVERSITIES
1. University of Pennsylvania: Wharton
2. London Business School
3. Harvard Business School
4. Columbia Business School
5. Insead
6. Stanford University GSB
7. IE Business School
8. Ceibs
9. MIT: Sloan
10. New York University: Stern
11. University of Chicago GSB
12. Iese Business School
13. Dartmouth College: Tuck
14. IMD
15. Indian School of Business
16. Hong Kong UST Business School
17. University of Cambridge: Judge
18. Esade Business School
19. Yale School of Management
20. University of Oxford: Saïd
21. Northwestern University: Kellogg
22. Duke University: Fuqua
23. University of Michigan: Ross
24. Emory University: Goizuet
25. Nanyang Business School
26. Rotterdam School of Man., Erasmus University
27. Lancaster University Management School
28. University of Virginia: Darden
29. HEC Paris
30. UCLA: Anderson
31. UC Berkeley: Haas
32. Manchester Business School
33. Australian Graduate School of Management
34. Cornell University: Johnson
35. National University of Singapore School of Business
36. Cranfield School of Management
37. Warwick Business School
38. SDA Bocconi
39. Imperial College Business School
40. Georgetown University

TOP 5 MBA UNIVERSITIES
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4th

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2nd

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Distance Learning

Distance learning provides a number of alternative approaches. One form, often described as Distance Learning, is effectively a type of part-time programme. Infrequent but regular attendance is required and there are time schedules and group involvement. The content and quality of these programmes is dependent upon the local delivery and the quality of the local student group. Whoever is offering the course and however prestigious they are, this is a critical aspect to probe. True Distance Learning basically involves conventional home study, supported by a variety of aids and Tutorial support. High quality Distance Learning MBA programmes, although sometimes dismissed as correspondence courses offer a lot of advantages.

Most programmes offer a realistic level of time flexibility and can be studied in remote locations and even if you move during the course. They provide access to acknowledged centres of excellence and one of the features you should look for is that the same course is delivered in the home territory. Distance Learning is available for all levels of skill and knowledge, whether training or education. Distance Teaching is probably the best for practical skills, when detailed feedback on performance and performance improvement is required. Distance Learning is very effective for courses leading to professional qualification or degrees. It is most relevant when you require access to a large body of knowledge and feedback on assignments, presented as written reports, is appropriate. There are a wide variety of Distance Learning courses, of both types, offered by UK institutions.

A critical question of how you can assess the quality of MBA Distance Learning programmes. Where possible look first for equivalence. Some UK Universities, like Durham, offer their MBA programmes through a variety of routes. Although the process is different the end result is the same. For a Distance Learning programme the course offered is defined by the course material and is therefore open to inspection. All students should get the same experience so check most carefully that the same programme is offered in the institution’s home territory, this is one of the strongest indicators of a quality programme. Access to these programmes is probably more realistic for relatively isolated students. Independent guidance can also be given by professional institutions or organisations such as AMBA or professional institutions, who represent the participants view impartially.

Financing your MBA

Financing your MBA
The best MBA program for you is one that you can afford! Ensure that the following considerations have been dealt with before making your final decision:
Is the tuition within reason and am I aware of absolutely all the costs involved?
Other obvious expenses are for living and traveling, but there may be others involved in a particular program.
Will a loan be necessary, and if so, how will I repay it including the interest.
How long will it take me to repay such a loan?
In short, the financial burden, even of the best MBA program, is of utmost importance and should be treated as such.
The best MBA program will suit your physical conditions
If you think you have found the best MBA program, test it according to these criteria to see whether it meets with all the following:
Can you do the program in two years or will you need more time (money, assistance, etc.)
Is there a shortened course available and can you do it as far as your own aptitude and skills allow?
Will you need to travel daily or even live in a foreign country?
Is the time-line suitable as far as starting date?
To determine which of the MBA programs is best for you, all of these questions must be answered. See which of the programs positively addresses all of your needs, requirements and desires for the optimal education that you are seeking.
The chance to enroll in a top Grade a business school is a dream that any potential student may see as impossible to turn away from. But if, indeed, such an opportunity presents itself, all of the above questions must be asked and answered frankly. Often enrolling in an MBA program at one of the top school is regretted because of difficulties in any of the areas mentioned. The student must then live with the consequences and even the best school or program will not be advantageous. Make sensible choices according to real parameters.

MBA Program

Best MBA Program
Just as there are people of diversified backgrounds, personalities, potentials and desires, it would be safe to say that the number and types of MBA programs that are available on today's market are just as varied. Those wishing to obtain an MBA degree will find a myriad of options and it is, indeed, important to weigh each program's specific advantages according to personal requirements and desires. Here are some guidelines to help choose the best MBA program for you:


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How your best MBA program will Impact on your lifestyle
How will this be the best MBA program as far as affecting my personal/social/religious/family life?
Will I be able to keep on working?
Will studying allow me time to do other things that I love?
Expectations from the best MBA program
Even though the same basic elements are found in almost all the programs, syllabi may vary from program to program. Check carefully and ask yourself questions that require actual and true soul-searching.
Are the courses I want to learn included in this program?
My chosen career requires me to learn certain topics –are these topics included in the syllabus?
Are practical training and on-the job experience included in this program?
Will I enjoy the elective options offered in this program? Are they appropriate for my needs?
Is this the best MBA program for me as far as my own personal aptitude is concerned –will I be successful?

MBA in Australia

Australia has emerged as a popular destination for higher education because of its strong educational infrastructure, a high quality of life, and relatively lower expenses.
Australian degrees are gaining increased acceptance in the global arena, particularly in the Pacific rim countries. A peaceful and relaxed atmosphere, together with the cosmopolitan charisma of cities like Sydney and Melbourne – Australia could be the ideal destination for you.
Business Schools like Melbourne Business School have been ranked among the best in the world and the MBA programs offered by them are popular with students worldwide.

Bachelor Degree:

Most Australian business schools accept the three-year graduation system for entry into the MBA programme. So, if you have a three-year bachelor degree like Bachelor of Arts (BA), Bachelor of Commerce (BCom) or Bachelor of Science (BSc), this is acceptable as it is considered equivalent to an Australian Bachelor (Ordinary) Degree.
For most good Universities, a good first degree from a leading university in India or its equivalent is essential.
There are some universities that accept students for the MBA without a bachelor degree if they have considerable work experience and significant professional achievements.

Work Experience:

Most Australian business schools require a minimum of two to three years of work experience. This is essential.

AMBA Accredited MBA Programs:
All AMBA accredited MBA programmes require a minimum of three years of full-time work experience.

No Work Experience:
There are around five to six Australian business schools that accept students who have no experience for direct entry into the MBA programme.

GMAT:

GMAT is accepted and recommended by many universities. However, many Australian universities are flexible about this criterion and this is not a mandatory requirement for admission to many Australian MBA programmes.
So, unless, you aiming for top schools like Melbourne Business School, you need not worry about the GMAT.
We would however recommend you to take GMAT and improve your chances in good universities.

TOEFL/IELTS:

You need to take either the TOEFL or IELTS for admission to an MBA program in Australia. This is required for almost all universities. This mandatory for most business schools even if you have studied in English medium throughout.

Some schools waive this criteria after a personal interview.

IMPORTANT: IELTS is compulsory requirement for Australian student visa for students from India, Pakistan, Bangladesh, Sri Lanka and many other countries. So even if you get an admission without IELTS score, you will not get a student visa without IELTS score.

MBA is in Great Demand of All Online Study Programs For Professional Development

Nothing is beyond the influence of the internet. The internet has emerged as an all-conquering super power in the 21st century. It has taken art and commerce, science and technology, education and entertainment to next level. To keep up with the pace of this evolution in every field, everyone is concerned with the development of his or her academic and professional career. In the dog-eat-dog world, career-conscious individuals move ahead of others to acquire additional qualifications. Online study has supported their steps.

It is not wrong to consider online career enhancement courses a stepping ahead. Multiple colleges and universities have turned up with numerous study programs to cater to the needs of career aspirants. Online learning programs are designed with adherence to the standard of global education. An online course adds to one's expertise and excellence in a particular field of work. It is a good opportunity to pursue a course of your interest from a prestigious institute of your choice vial online.

There are many professional development courses for corporate executives and professionals. Corporate sector is a field of neck-to-neck competition where everyone is trying to outsmart the other for promotion. MBA is in high demand from these individuals in the age of rat race. Management is the key to the operation of different domains of corporate. There is no alternative to management programs for persons aspiring for managerial position at their workplace.

You need to do specialization in a particular field to choose a particular path to progress in career. Both diploma and degree programs with specialization in management are available online. Many young executives with a few years of work experience are turning to online study courses due to lack of time and work pressure. It gives them flexibility to maintain their regular jobs and pursue online courses simultaneously.
Online management programs are no less valuable than traditional management courses. An online management diploma and degree program offered by an accredited college or university is focused on managerial skills, communication skills, marketing and selling skills. An online MBA qualification keeps the pursuers a few steps ahead on the ladder of success and progress.

Which MBA format is better? Full Time MBA vs. Part Time MBA vs. Online MBA.

Being in a business school it has become more clear to me on what MBA offers to an average student. Masters in Business Administration (MBA) offers two important things: Academic education and Networking. Two primary reasons why one would pursue an MBA are career change and career augmentation. However there are mainly three types of program to chose that you want to pursue: Full time MBA, Part time MBA, and Online MBA.And often a valid question is asked – which MBA is right for me? Full Time or Part Time or Online.

Well this question needs to be answered from different perspective. Let’s take a closer look: Each one of the program types (FT, PT & ON) puts different weights on the amount of each part (education and networking) of the MBA so your decision should be based on which part you think will be more important. Which one you should find more important should be based on the reason you chose an MBA.

A full-time MBA program will probably give you equal parts education and networking. A part-time MBA program will give you more education than networking – probably a 65%/35% split in favor of education. An online MBA program will give you even more education than networking than the part-time program – probably a 30%/70% split.

According to me, Full-time programs always offer “better” than part-time and online programs simply because full-time means you’re 100% immersed in the action. If you want to change your career, you want as much networking as you can get. If you want to augment your career or in other words just go up the ladder without disrupting your career, you’ll want as much education as you can and as little networking as you’ll need (your work is your network in this case). In fact, if education is all you want, save yourself the cash and enroll in the Personal MBA.

Ultimately, it comes down to who you know (networking) and how well you perform when the opportunity is presented to you. All the education in the world – even from higher ranked schools (be it from Harvard or Stanford) won’t help you if you don’t know your stuff – the MBA is not a ticket to free lunch. Remember there’s no free lunch in the world! In fact, a lot of very rich and successful businessmen and women have no more than a high school diploma.

These are just my views. Please feel free to share yours!

Advantages of an Online MBA

Is It Time for Your MBA?

The Masters of Business Administration degree (MBA) has long been recognized as essential for those who plan to analyze markets and trends, work in a management capacity or in any business oriented profession. If you plan to work in business but just don�t have the time to return to school in order to get your degree in the classroom, an online MBA may just be the perfect fit for your busy schedule and will help you get the tools you need to get ahead.

Why Study Online?

The online MBA degree can be completed easily online. Online education has grown in popularity because it makes higher education accessible those who can�t attend school full time as a result of conflicts with work or personal constraints like children. The online MBA gives you the flexibility to study when you want and from where you want. Just think, as a working professional, you can study after a warm dinner at your kitchen table. Busy moms can study while the kids are in camp or during their nap time. You will be able to stay connected with fellow students and professors through the internet which makes keeping up to date easy and fast. If you have questions about homework, online chats can make it that much easier to get help right away.

Within the online MBA degree program, students often choose a focus such as technology, finance or health systems. Specific training provides important tools for working in a certain sector. You will find your online MBA provides you with a wealth of useful skills that will help you in the workplace and in many other areas of your life.

Benefits of Getting an MBA

Why Should I Get an MBA?

The Masters of Business Administration degree (MBA) is essential for those who plan to work in a management capacity or in any business oriented profession. The degree is ideal for any individual who plans to open their own business or influence business decisions in any way on a local, national or international level. The degree is competitive and involves a lot of hard work however with online degrees becoming more and more popular, there are many ways to make getting your degree both more cost effective and time sensitive which makes the whole education process less stressful and difficult to manage.

Just Some of the Many Benefits of Getting an MBA.

Within the MBA degree program, students often focus such as technology, finance or health systems. Specific training provides important tools for working in a specific part of the business sector. If you are already established in your field, this is an especially useful component of the degree that will help you to better understand your industry. Individuals who have earned an MBA may work in a number of capacities and across many industries and sectors applying business knowledge and management skills to their work. The MBA is tremendously beneficial to those who want to work in management in one of many sectors as it provides tremendous flexibility. Individuals with an MBA generally find that they are well compensated and their earning potential increases greatly as their career progresses. The MBA degree can be completed in the traditional classroom and online which is a format that has grown in popularity and made advanced education more accessible for those who can�t attend school full time.

Online MBA Degree Programs

The decision to pursue an Online MBA could not be made at a better time. Employers today are demanding more education from their employees than ever before. An accredited online MBA degree will carry significant value in any organization's hiring and career advancement decisions. Plus, there is a direct correlation between higher salaries and earning and MBA.

In difficult economic times, going back to school to build new skills -- and make yourself more attractive to future employers -- becomes extremely popular, even for people with full-time jobs. MBAs are especially popular since the degree is usually meant to prepare someone for more advanced, leadership roles in business (or even government). But is an MBA degree worth the extra years of schooling -- especially when you could be spending that time working full-time?

At first glance, the numbers indicate that the answer is a definite yes. A recent survey of accounting/financial workers of varying skill and seniority levels found that CFOs without a degree had an average salary of only $38,920, those with a Bachelors Degree earned $88,836, and MBAs earned an average of $104,284. The return on investment for an MBA certainly seems worthwhile. Some studies indicate the MBAs earn up to 145% more over their lifetime than non-degree holders. So getting your MBA, while sometimes expensive, is certaining economical.

However, there are many mitigating factors affecting an online MBA. Keep in mind that the salary figures quoted above are fairly flexible and can vary widely based on a number of factors. For instance, the type of work you're going into can make a huge difference; consulting jobs will often pay more than finance/accounting jobs, though each could have a different compensation/bonus structure. Your previous experience also speaks volumes. If you're fresh out of business school and go hunting for an investment banking job after years in a marketing firm, odds are good that your starting salary will be much lower than someone with greater comparable experience.

An online MBA is still a very good idea. The numbers are still very persuasive. Statistics from the Graduate Management Admissions Council (the folks who administer the GMAT) indicate that in many cases someone's pre- and post-MBA salary can jump 50% or more. For example, someone working in marketing making an average of $42,000 before getting their MBA can make an average of $80,000 after receiving their degree. That's nearly doubling your money!

An MBA may not be equivalent to a winning lottery ticket, but the odds are good that your earnings will increase after earning your degree -- making those extra years of school worthwhile. Just be sure that you're pursuing the right degree for the right reasons and, of course, good luck with that graduate school application!

your MBA is recognized by HEC?

IS YOUR MBA UNIVERSITY/INSTITUTE IN PAKISTAN HAS RECOGNIZED BY HEC..?
Check it out...
http://beta.hec.gov.pk/OurInstitutes/Pages/Default.aspx

100 Most Popular Business Schools 2009

100 Most Popular Business Schools 2009

Rank University Views
1. Boston University (BU)
2. University of Southern California (USC) - Marshall School of Business
3. NYU Stern School of Business, New York University
4. Columbia Business School (CBS), Columbia University
5. City University of New York (CUNY) - Baruch College - Zicklin School of Business
6. Thunderbird School of Global Management
7. UCLA University of California, Los Angeles - Anderson School of Management
8. University of San Diego (USD) School of Business Administration
9. Fordham University
10. Kelley School of Business, Indiana University Bloomington
11. Mount St. Mary’s College
12. University of Florida - Warrington College of Business Administration - Hough Graduate School of Business
13. University of California, Berkeley - Haas School of Business
14. Kellogg School of Management, Northwestern University
15. The University of Texas at Dallas
16. The Wharton School of the University of Pennsylvania
17. San Diego State University (SDSU)
18. University of San Francisco - Masagung Graduate School of Management
19. Stanford Graduate School of Business (Stanford GSB)
20. Harvard Business School (HBS)
21. Pace University - Lubin School of Business
22. The University of North Carolina at Greensboro - The Bryan School of Business and Economics
23. University of Texas at Austin - McCombs School of Business
24. Cornell University - Johnson Graduate School of Management
25. Manhattan Institute of Management (MIM)
26. Rutgers Business School - Newark and New Brunswick
27. University of Illinois at Urbana-Champaign (UIUC) College of Business
28. University of Michigan - Ross School of Business
29. Pepperdine University - Graziadio School of Business and Management
30. University of Miami School of Business
31. University of Colorado Denver
32. The University of Chicago Booth School of Business
33. Metropolitan College of New York (MCNY)
34. Loyola Marymount University
35. DePaul University
36. Temple University - Fox School of Business and Management
37. St. John's University - Peter J. Tobin College of Business
38. Florida State University
39. Northeastern University
40. Suffolk University - Sawyer Business School
41. Plymouth State University
42. Hofstra University - Frank G. Zarb School of Business
43. University of Houston - C. T. Bauer College of Business
44. George Mason University School of Management
45. Hult International Business School
46. Georgia State University - J. Mack Robinson College of Business
47. University of Maryland - Robert H. Smith School of Business
48. Duke University Fuqua School of Business
49. University of Dallas
50. Stony Brook University (SUNY)
51. Drexel University - LeBow College of Business
52. George Washington University - GW School of Business
53. Florida International University
54. University of California, San Diego (UCSD) - The Rady School of Management
55. Johns Hopkins University - Carey Business School
56. University of Colorado at Boulder - Leeds School of Business
57. Darden Graduate School of Business Administration, University of Virginia (UVA)
58. MIT Sloan School of Management, Massachusetts Institute of Technology
59. University of Washington (Seattle) - Foster School of Business
60. Halifax University
61. Tepper School of Business, Carnegie Mellon University (CMU)
62. UNC Charlotte - Belk College of Business
63. University of California, Irvine - Paul Merage School of Business
64. University of Illinois at Chicago - Liautaud Graduate School of Business
65. Yale School of Management (Yale SOM)
66. Nova Southeastern University (NSU) - H. Wayne Huizenga
67. University of Central Florida
68. F.W. Olin Graduate School of Business at Babson College
69. Texas A&M University - Mays Business School
70. San Francisco State University
71. Ohio State University - Fisher College of Business
72. Virginia Tech - Pamplin College of Business
73. University of Texas at San Antonio
74. Arizona State University (ASU) - W. P. Carey School of Business
75. University of Denver - Daniels College of Business
76. Loyola University Chicago
77. Florida Atlantic University
78. University of Georgia - Terry College of Business
79. Fairleigh Dickinson University - Metropolitan Campus
80. Virginia Commonwealth University
81. The University of North Carolina at Chapel Hill - UNC Kenan-Flagler Business School
82. University of St. Thomas
83. Cleveland State University
84. University of Minnesota - Carlson School of Management
85. Philadelphia University
86. University of Pittsburgh - Joseph M. Katz Graduate School of Business
87. New Jersey Institute of Technology
88. San Jose State University
89. Illinois Institute of Technology - Stuart Graduate School of Business
90. University of South Carolina - Moore School of Business
91. University of Colorado at Colorado Springs (UCCS)
92. University of Massachusetts Boston (UMass Boston)
93. Boston College - Carroll School of Management
94. Rice University - Jesse H. Jones Graduate School of Management
95. Emory University - Goizueta Business School
96. The University of Tampa - John H. Sykes College of Business
97. University of Baltimore / Towson University
98. University of Massachusetts Amherst - Isenberg School of Management
99. Georgetown University - McDonough School of Business
100. Schiller International University - Florida

Some MBA websites to surf

Some MBA Websites to surf:-

www.mba.com
www.mbaworld.com
www.studylink.com
www.topmba.com
www.mbaguide.com.au
www.foreignmba.com
www.mbadepot.com
www.mba-exchange.com
www.mba-direct.com
www.find-mba.com
www.quickmba.com
www.mbaexplorer.com
www.mba-channel.com
www.mbaapplicant.com
www.mbamap.com
www.mba360.com
www.mba-courses.com
www.mba-business-schools.com
www.onestopmba.com
www.mbaboost.com
www.mbaadmit.com

MBA forums:-

www.mba-forums.com
www.gmatclub.com/forum/
www.aippg.net/forum/
www.forums.businessweek.com
www.mbagcf.com
www.mbaapplicant.com/gmat_forum.htm
www.coolavenues.com
www.mbaguys.net
www.studyconnect.com/forums/
www.mbazone.com/mba_forum_prospectives

The MBA and the recession - FAQs

Is there more MBA interest and applications during periods of economic crisis?
MBA education is counter-cyclical, meaning that during an economic downturn such as we're facing today, there are several ambitious professionals considering their positions and how best to progress their careers for when the inevitable upswing occurs. QS, as the world's leading experts in theMBA and career space, as well as most of the schools attending the QS World MBA Tour, have reported a significant spike in interest in and applications for MBA programs. This shows us that the MBA is just as relevant now as ever before.

Why would one do an MBA during a period of economic crisis?
As people leave jobs, particularly in finance but also in other industries, as a result of the economic crisis, anMBA is a fantastic option to put ambitious leaders in a stronger position to secure a better management position in a year or two. Some see this as "riding out the storm" in business school, but for most people it's a lot more strategic than that. If you have lost your job as a result of the downturn, or perhaps simply see that in a year or two the economy is going to need more business leaders than ever before, which is probable, getting into business school is more than a viable option. The QS World MBA Tour is the place to start your search.

Where do applicants come from?
MBAs come from all walks of life and for all sorts of reasons. Naturally there is a high proportion of people from within finance and consulting and other fields in business. At the same timeMBAs come from medical, legal, media and broadcasting, self-employed, insurance, and all sorts of fields. Doctors want to learn how to run their surgeries more efficiently, lawyers their chambers. TV production managers want to run TV studios. Entrepreneurs want to improve several aspects of their businesses. There are people who want to continue in their professions at a higher level, those who want to learn about business practices within their industry and those who want a complete career change.

Do the contents of an MBA adapt to the economic crisis context?
It is clear that during a recession, the content of courses is bound to change. This is partly due to the fact that professors involved inMBA courses will create case studies or discussions on real-life situations that failed, such as Enron or the sub-prime lending in the US. Also, MBA programs are centred around the students attending the courses as peer-to-peer teaching is valued highly at business school. As most students on this year's programs will have experienced the downturn to a greater or lesser extent, this is going to rapidly alter the tone and content of the debates that form such a large part of the MBA experience.

Regarding financing an MBA, what is the context today? Anything new?
How to finance an MBA is the question QS experts are asked most often. Our research suggests that schools are, generally, cutting down the amount of money they are providing in scholarships this year, and perhaps into 2010. This makes business sense of course, and is undoubtedly a short term situation. However scholarships do still exist. The QS World MBA and World Grad School Tour is offering US$1.6million to attendees at our events, to some of the best schools in the world, including Wharton, Chicago, Cass and IE. As for banking loans, the indication is that, while it is harder to secure loans in some places, MBA graduates are largely considered safe bets so banks are not seeing them as a risk and loans should still be possible to find.

Which are the most prestigious MBAs and for what reason?
QS conducts an annual survey of MBA employers around the world - QS Global 200 Business Schools 2009: The Employers' Choice - to ask them to identify the schools from they target to recruit the best MBAs. The results demonstrate that MBA employers around the world are increasingly targeting a broader selection of regionally strong business schools from which to hireMBA graduates. This trend may be accelerated by the recessionary environment, even as overall MBA hiring numbers fall.
The schools securing the most employer votes by region are: Harvard, Wharton and Columbia in North America; INSEAD, London Business School and IESE in Europe; INSEAD Singapore, Melbourne Business School and National University of Singapore in the Asia-Pacific region; EGADE in Latin America.

How are MBA rankings usually created? What are the criteria that you or other publishers consider when working on them?
All rankings use different sets of criteria, a methodology that the ranking's creators will spend a lot of time thinking about beforehand. One publisher may think that the quality of academic staff is the most important, and so will bias the rankings accordingly. Another may suggest that the post-MBA salary or success rate for career placement is the most important. The Aspen Institute's Beyond Grey Pinstripes website ranks MBA programs according to the amount of time and effort put on teaching sustainability issues on the course, for example.
Although you often see the same schools appear time and again, the methodology of each ranking is important and candidates must look closely at them and bear that in mind. Increasingly, QS research such as the TopMBA Applicant Survey shows that rankings are decreasing in importance year on year. Instead, MBA aspirants are keen on focusing on personalizing their MBA searches. QS has therefore created an innovative web search tool called Scorecard which allows candidates to rank business schools according to their own criteria and what suits them. How can Wharton or MIT or Harvard be the best schools for you if you don't want to study in the US.
This is a good question and is not one that can be answered scientifically with an exact figure. The simple fact is that in virtually 100 per cent of cases where an MBA wants to increase their salary (and the QS Applicant Survey shows that "increasing salary" is only fifth out of seven most important reasons for doing an MBA) then that increase will happen. In some cases it will double or treble, especially for those who have moved from a relatively low-paid position into a consultancy or investment banking position, but in most cases the increase will be more moderate.

MBA Salary Information

Many MBA students decide to pursue graduate degrees in order to boost their job prospects. In addition to opening up new opportunities, however, earning an MBA degree will also lead to substantially higher salaries. With an MBA degree, your earning potential will far surpass that of workers with no college education–and even those with bachelor degrees.
On average, you can expect to earn 50 percent more than you were earning before you received your MBA. That's no small incentive for furthering your education. Your investment of time and tuition will pay off in dollars, recognition and job satisfaction.
First Year MBA SalariesAccording to The National Association of Colleges and Employers, in 2006, average MBA salaries were $90,000. First-year MBA graduates' salaries average between $50,000 and $75,000–with more than 40% earning $75,000 and up.>
The Graduate Management Admission Council (GMAC) compiled salaries of first-year MBA graduates in different career fields. The average 2006 base salaries plus additional compensations were as follows:
· Health Care – $111,477
· Finance – $103,122
· Consulting – $101,736
· Energy/Utilities – $100,263
· High Tech – $98,621
· Manufacturing – $98,417
· Products/Services – $94,558
· Non-Profit/Government – $73,125
As a potential employee, you will have to weigh the benefits of accepting a position with a higher base salary against a position with a lower salary that offers bonuses and other perks. These perks can include annual bonuses, car allowance, tuition reimbursement, relocation costs and more.
MBA Salary FactorsOf course, average salary information is just a guideline to help you know what to expect. Starting salaries could be much higher or much lower, depending on many different factors that affect salaries. These factors include:
· Your school's reputation
· Post-MBA role
· Geographic location
· Industry you are employed in
· Cost of living
· Pre-MBA experience
· Undergraduate major
Years of ExperienceExperience is a great teacher, and the more time you spend working in a company, the more vital you become to the organization. Because most companies recognize this, starting salaries for MBA program graduates are generally lower than those of their co-workers with more time on the job.
The majority of MBA graduates can expect to earn on average $50,427 in their first year. As your length of time on the job increases, so will your income. Here is a sample of average salaries you can expect as your time on the job increases:
· Under 1 year – $50,427
· 1 to 4 years – $56,090
· 5 to 9 years – $74,053
· 10 to19 years – $94,038
· Over 20 years – $103,600
Geographical LocationThe geographic location of your employer plays a large role in the salary you can expect. You'll need to decide if you're willing to relocate to earn a higher income. Different states and cities throughout the U.S. have different average incomes based on their economy, the vitality of their businesses and the cost of living in that location. Here are some average salaries of MBA graduates based on state:
· California – $96,599
· New York – $95,083
· Massachusetts – $89,267
· Illinois – $83,998
· Pennsylvania – $78,536
· Texas – $78,532
· Florida – $67,130
Average MBA Salaries Based on City· New York City – $102,869
· Boston – $95,605
· Los Angeles – $94,243
· Chicago – $89,495
· Atlanta – $82,410
· Houston – $80,711
· Dallas – $80,595
An MBA Salary Offers a Great Return on Your InvestmentWhile there are many factors that go into determining your earning potential as an MBA graduate, one thing is certain: your investment in your education will be rewarded. Find MBA schools that interest you, and take the first step towards higher income and increased job opportunities

MBA Glossary-A short list of frequently used acronyms and terms relevant to MBAs.

AACSB – Stands for the Association to Advance Collegiate Schools of Business International. The AACSB is a US-based non-profit organization that evaluates and accredits universities and schools, including business schools within and outside the United States.AMBA – Also known as the Association of MBAs, a UK-based organization that offers accredits and approves high-quality MBA programs. The AMBA generally focuses on programs in the United Kingdom, but also evaluates international programs.
“B–School” – Often-used term to refer to business schools.EMBA – Stands for Executive MBA, business programs that are designed for students with more business experience than students typically enrolled in traditional MBA programs.
EQUIS – The European Quality Improvement System (or Equis) is an agency that accredits European business schools. It is run by the European Foundation for Management Development in Brussels, Belgium.
ETS – Educational Testing Service, a US-based non-profit organization widely known for producing standardized exams such as the GMAT and TOEFL, which are common requirements for applicants to business schools in the United States and abroad.FAFSA – Free Application for Federal Student Aid is a form submitted by students of US universities who are seeking financial aid from the US government. The FAFSA form centers around ascertaining a student's Expected Family Contribution (EFC), a figure that determines which need-based government grants and subsidized loans a student can apply for.FIBAA – Foundation for International Business Administration Accreditation, a private German organization that rates and accredits MBA programs in the three German-speaking countries of Europe – Germany, Austria, and Switzerland.GMAT – Acronym for the Graduate Management Admissions Test. Many business schools around the world require applicants to submit the results of the GMAT examinations as a criterion for admission to MBA programs. The test – composed of essay and multiple-choice questions – is administered by the Educational Testing Service (ETS).GPA – Stands for Grade Point Average, the most common quantitative measure of overall undergraduate academic achievement.
IELTS – International English Language Testing System, a common, English-language proficiency exam. Many English-speaking universities and business schools in Canada, the United Kingdom, Australia, New Zealand, and South Africa request that non-native English speakers submit satisfactory IELTS results when applying.TOEFL – Stands for the Test of English as a Foreign Language. The TOEFL is a standardized examination of English-language proficiency that non-native English-speaking applicants must often take before acceptance to English-speaking universities. The test is administered by the Educational Testing Service

MBA Application Game Plan

Researching Programs:
By the time deadlines approach, many applicants have their heads down, racing ahead to complete essays and resumes and fill out data forms. It's much better to get an early start, and take a step back and educate yourself before you dive in. Don't leave it to the Business Week rankings to decide for you in the last moments before the deadline.
Since 2001, Stacy Blackman Consulting has helped hundreds of clients gain admission to every top business school in the world. The company's approach, based on developing and implementing a winning marketing strategy, makes the application process less stressful and more successful.
Unfortunately, a lot of applicants forget this simple fact: you are the customer! Business schools print brochures and travel from city to city to convince you to consider their programs. They brag about the vast accomplishments of their faculty and the high-profile careers of their alumni. But what aren't they telling you?
Do your own research. Visit the schools, sit in on a class, tour the campus. Go to the info sessions and ask real questions. Call the admissions department and ask for the names of students and recent alums, and get in touch with these folks. This research will help you decide where you truly want to apply. Your efforts will not be wasted - your knowledge of and passion for the schools will shine through in your essays and later in your interview.
The GMAT:Moving on to the tactical part of your application, an important first step is the GMAT. Know your style – can you work, study for the exam and write essays at the same time? If not, it is important to plan ahead. Remember, the GMAT is computer adaptive, which means that you have to answer the most difficult questions correctly to achieve a high score. Can you realistically study on your own and manage the time to cover all of the content on the exam, or are you getting help from prep classes. If, in fact, you are taking courses, keep in mind that they may take several weeks, and a retake may be part of your process, drawing everything out to a total of three to four months. This could mean that Round 1 is unrealistic for those that have not yet begun preparing for the exam.
Speaking of "rounds", stop gaming for which round is "best." Figure out what works best with your calendar. Start early, but you can always decide at the last second not to submit. The quality of an application, including a top GMAT score, is far more important than being the first to submit.
Recommendations:
Once your GMAT is complete, you will have a better idea of which schools are realistic for you. You will also finally have the time to devote to the other parts of your applications. You should initiate the recommendation process as early as two months before the deadline and closely manage the process throughout. Begin by taking your recommender out for lunch, sharing your resume, the recommendations deadlines and a "cheat sheet" that you have prepared to help them write your letter. Your cheat sheet may take a couple of days to prepare – it should be thorough – outlining your goals and reminding your recommender of all of your accomplishments and projects that you want them to write about. You will need to create different cheat sheets for each of your recommenders to reflect different perspectives on you.
Make these guides very specific and detailed. Don't say to your recommender, "Please write about my leadership skills here." Give him all of the fodder he will need. Remind him that you were appointed as one of the youngest project leads at the company. Cite the review that ranked you in the 95th percentile in leadership capability. Do you want your recommender to discuss your negotiation skills? Remind him of the time your plan led to an extra million dollars for the company in the MacDougal negotiation. Need to emphasize your financial acumen? Ask the recommender to write about your contributions to the '06 budgeting committee.
Time Management:
Now, when it comes to your own personal work for the application process, make sure you plan your calendar well in advance. You need to think of your "time budget" in terms of HOURS, DAYS and WEEKS.
HOURS: In general, you should plan to spend 40-60 hours in front of a computer outlining, writing, proofreading and editing essays. If English is not your first language, you may need to tack on some additional hours. Add to this some time candidates will spend researching schools and essay ideas and the writing process in total stacks up to the equivalent of a couple of full work weeks!
DAYS: You need to set aside an adequate amount of work days, in part based on your own personal work style and stamina. Most people's sharpness diminishes after a couple of hours of writing essays. We recommend to our clients that they spend 2-3 hours at a time writing. That's enough time to get "into a groove," but not so much time typing that their fingernails start to fall off. It is the rare individual who can cram their whole essay process into 4 or 5 marathon sessions. Conversely, thinking you'll do good work in bits and pieces—20 minutes at Starbucks, 45 minutes on the Boston shuttle—is probably a mistaken notion as well.
WEEKS: Spreading out your writing process allows for an appropriate time of reflection, prioritization and possibly even brainstorming with others. In our experience, an eight week process seems to provide enough time for reflection while also keeping your work rate at a comfortable, yet quick clip.
Candidates who rush into their writing process are most at risk for having their essay work hours spiral out of control. A significant risk is the "dead-end essay." Some folks dive into the first leadership or ethical dilemma concept they think of without judging it against alternate ideas or sketching out a brief outline. These MBA aspirants plow hour after hour into their essays, trying to incrementally improve them from week to week. But the best essays will "write themselves" if you've done a bit of prep, organizing the main themes and illustrative "micro-examples" into an outline. A five hundred word essay draft could be completed in 2-3 hours of nicely paced writing.
Good luck, and happy applications!

Getting the GMAT Edge

The GMAT is an often misunderstood element of the application process. The quest for a perfect GMAT score can be a waste of time for someone who is laboring to increase his/her score from 750 to 790. The appropriate way to think of the GMAT is that solid scores address the question of whether you have the intellectual capabilities to handle an academically rigorous environment. Passing this test with solid scores in the 700 plus range is necessary but not sufficient to gain admission to your dream school. While great GMAT scores will not guarantee admission, a low GMAT can often derail an admission.
Chioma founded EXPARTUS based on her vision of personal branding as a key component of a successful admissions process and her passion to enable others to realize their life's dreams. Previously, Chioma served as an Assistant Director of Admissions and a Member of the Admissions Board at Harvard Business School, where she reviewed applications, interviewed U.S. and international candidates, and developed a marketing strategy focused on minority candidates and the MBA program.
Therefore, it’s worth taking a GMAT prep course to boost your score. The first step is to take a sample exam and see how you perform. If your score is 650 and above, you can probably brush up with self study of the Official GMAT Guide book and then take the test. If you know that you are not a great test taker, have been away from school for a while, or have a score in the low 600s or below in a sample exam, I recommend taking a full prep program.
Recognize that not all GMAT test programs are the same. Do your due diligence. For some people, they can benefit by focusing on strategies to tackle the exam, something Kaplan and Princeton Review are good for. On the other hand, if you need more of a content-driven preparation, you may want to consider the Manhattan GMAT nine-week program.
If you are interested in further beefing up your academic background beyond the GMAT, consider taking a couple of business and quantitative courses such as Accounting, Finance, Statistics and Economics. Recent academic performance can offset concerns if your GMAT is below average or you have a less than stellar college transcript.
The summer proves a great time to commit to that GMAT prep course, tutoring or self study to strengthen your GMAT. The goal is to gain admission into your dream school so invest the time to prepare for the GMAT and make it a non-issue in your application

Basic forms of Ownership

Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability of the debts incurred by the business.
Partnership: A partnership is a form of business in which two or more people operate for the common goal of making profit. Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are three typical classifications of partnerships: general partnerships, limited partnerships, and limited liability partnerships.
Corporation: A business corporation is a for-profit, limited liability entity that has a separate legal personality from its members. A corporation is owned by multiple shareholders and is overseen by a board of directors, which hires the business's managerial staff.
Cooperative: Often referred to as a "co-op business" or "co-op", a cooperative is a for-profit, limited liability entity that differs from a corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

What is Business-Definition

A business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative businesses and state-owned enterprises. Socialist systems involve either government agencies, public, or worker ownership of most sizable businesses.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.
Business Studies, the study of the management of individuals to maintain collective productivity in order to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

Basic Types of MBA Programs

• Two year MBA programs normally take place over two academic years (i.e. approximately 18 months of term time), in the Northern Hemisphere beginning in late August/September of year one and continuing until May of year two, with 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.
• 
  Accelerated MBA programs are a variation of the two year programs. They involve a higher course load with more intense class and examination schedules. They usually have less "down time" 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.
• 
  Part-time MBA programs normally hold classes on weekday evenings, after normal working hours. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take a light course load for a longer period of time until the graduation requirements are met.
• 
  Executive 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 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.
• 
  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 respectable schools offer these programs; however, so do many diploma mills. Potential students should check the school's accreditation before undertaking distance learning coursework.
  Dual MBA programs combine MBA degree with others (such as an MS or a J.D., etc) to let students cut costs (dual programs usually cost less than pursuing 2 degrees separately), save time on education and to tailor the business education courses to their needs. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in four or five years.

What is MBA- Definition of MBA

A master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out scientific approaches to management. The MBA degree has since achieved worldwide recognition.
Accreditation bodies exist specifically for MBA programs to ensure consistency and quality of graduate business education, and business schools in many countries offer MBA programs tailored to full-time, part-time, executive, and distance learning students, with specialized concentrations.