An MBA or “Master in Business Administration” is an internationally recognised degree designed to develop skills required for careers in business and management. The degree is widely considered essential for those targeting top C-level management posts. An MBA opens doors to vast alumni networks, top-tier internships and the very best positions. Or, it could be the trigger needed by those striving for their own business venture.
1)The world's first collegiate school of business is Wharton Business School at the University of Pennsylvania, created in 1881

2)The first graduate school of management, the Tuck School of Business at Dartmouth, was created in 1900. Creating a graduate school for business was considered a bold move at the time. The first degree Tuck offered was a Master of Science in Commerce.

3)The first MBA program was founded eight years later at Harvard Business School in 1908. The first class only had 15 faculty members, 33 regular students and 47 special students.

4)The first known African American graduate of Harvard Business School is Wendell Thomas Cunningham, the son of a former slave who graduated in 1915.

5)The Shanghai University of Commerce, created in 1921, was the first Chinese business school.
6)The case method was created at Harvard Business School in 1924.
7)The first Executive MBA program was created at the University of Chicago's Booth School of Business in 1943.

8)The first business school to offer a program focused on international management was the Thunderbird School of Global Management, created in 1946.
9)Harvard Business School began admitting women in 1959. The first female Harvard MBA students were graduates of the Harvard-Radcliffe Program in Business Administration who joined the second year of the Harvard MBA program.

10)Canada's Richard Ivey School of Business at the University of Western Ontario was the first school outside of the United States to grant MBA degrees.
11)The first European MBA program was created at INSEAD in Fountainebleau France in 1957. In that same year, INSEAD also became the first school to offer a one-year MBA program.

12)Chicago Booth became the first business school to establish a minority relations program in 1964.
13)A 2014 research showed that the average scholarship for a Stanford MBA student is $35830, higher than in any other school. The school with the total highest scholarship budget is HBS – $31.5M.
14)Two of Europe’s leading MBA programs, INSEAD and LBS, will consider accepting a candidate without undergraduate degree, as long as they have and impressive work experience.
15)MBS is one of a select group of institutions globally that has earned triple accreditation from all three major MBA bodies: AACSB, AMBA and EQUIS.
16)The average salary for MBA graduates is £62,300 and our graduates receive an average salary increase of 92% (within 3 years of graduating - FT Global MBARankings 2015)
17) According to a survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers.
18)Bangladesh was one of the first countries in Asia to offer MBA degree. There are now more than 50 business schools in Bangladesh offering the MBA, predominantly targeting graduates without any work experience. Most MBAs are two years full-time.
19) 38% of MBA students are able to secure employment by the time of their graduation.
20)According to the BLS, employment in administrative services management was expected to increase by 8% between 2014 and 2024.
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