The abbreviation MBA comes from the English "Master of business administration", which translates as: "Master of Business Administration" or "Master of Business Administration". This qualification is obtained by graduates of business schools who have completed the program of the same name in the field of management and management.



A distinctive feature of the management management of the MBA is its practical significance. The training program is based on cases and real-life examples, which allows students to get not only theoretical, but also practical skills that help current managers to improve the efficiency of their work, and specialists to prepare for career growth and get the necessary competencies.

The progenitor of the MBA is considered to be Dartmouth College, where graduates of 1901 studied under the Master of Commercial Science program, having mastered a scientific approach to management. Just 5 years later, in 1906, the Harvard Business School was opened in Boston-the first in the country. Later, Stanford, Wharton and other popular schools also appeared.



Among European countries, the idea of an MBA was first picked up in England in the 1960s. Today, business schools are spread throughout Europe, and the oldest and most significant are considered:



INSEAD European Institute of Business Management (France, also present in Singapore, Abu Dhabi and Israel).

International Institute for Management Development IMD (Lausanne, Switzerland).

Ashridge Business School-Ashridge Executive Education (Hertfordshire, UK, since 2015 merged with Hult).

Henley Business School-Henley Business School (Greenlands, UK).

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