History of the MBA

The MBA, also known as the Masters of Business Administration is a type of college degree. It is a Master’s degree in the area of business. This type of degree is very popular and many jobs require applicants to have earned this. Find out where the MBA originated and when it was created as an option for those seeking higher education. Discussed will be the reason why the MBA was created, as well. Learn about the history of the MBA to have a solid understanding of this type of college degree that is well sought after by undergraduates.

The MBA degree stands for the Master of Business Administration degree. This means that it is a Master’s degree in business administration. Many careers call for employees to have this type of college degree, even if not directly in Administration. It was in the United States of American, during the time period of the 1800’s that the need for this type of degree began.

The 1800’s, particularly the late 1800’s was a time of great change in the United States. The country began to see a great increase in industrialization. Machines began to replace people. This created a type of domino effect in how companies did their manufacturing and the diagram of the employee’s positions. As more and more companies changed their factories from places of manual labor to places of great automated machines that did the work for the people, the need grew for smart employees who had higher degrees of learning from colleges. More managers and supervisors were needed to oversee things in these advancing companies. More advanced ways of thinking were needed to take America to the next level of industrialization. So, it was at this time that the MBA was created.

The MBA quickly grew in popularity as other countries were finding themselves at the same place of industrialization as the United States and the public was in need of higher education to land the jobs that they wanted. The Masters of Business Administration degree is now recognized all over the world; however it took a bit of time for this to happen. It was a slow process. This type of degree is now in great demand and there are many universities specifically for MBA degrees all over the world. The method of a university specially focusing on one type of degree, such as the MBA is done so that consistency and quality remains high.

The first United States business school was created in the year 1881. It was called the Wharton School of the University of Pennsylvania. Soon after, the Tuck School of Business followed. It was in the year 1957 that a European university began to offer an MBA degree. Soon after, other universities in Europe followed suit such as the Webster Graduate School which was located in London, England and the Cass Business School located in England, as well.

In the 1950’s the country of Canada began to offer a Masters of Business Administration degree and South Africa joined into the MBA offering in 1951. In 1955 Pakistan created the Institute of Business Administration. Now, all over the world, universities are offering MBA’s to those who wish to earn them. And more and more companies are seeking candidates who possess a Masters of Business Administration degree.