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- The first American business school, Wharton School of the University of Pennsylvania, was established in 1881. The Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the United States. Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, the forebearer of the modern MBA.
As the U.S. MBA model emerged at the turn of the 20th century, Europeans developed such business schools as Webster Graduate School at Regent's College, London; elsewhere colleges such as Cranfield School of Management, IMD, SIBM, and MBA-HSG were established for management training.
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- The University of Chicago Graduate School of Business first offered working professionals the Executive MBA (EMBA) program in 1940, and this type of program is now offered by most business schools today.In 1950 the first MBA degrees were awarded outside the United States by the University of Western Ontario in Canada,[1] followed in 1951 with the degree awarded across the Atlantic by the University of Pretoria in South Africa.[2] Moreover, the Institute of Business Administration, Karachi in Pakistan was established in 1955 as the first Asian business school by the Wharton School of the University of Pennsylvania. In 1957, INSEAD became the first European business school to offer an MBA program.
The MBA degree has been adopted by universities worldwide, and all six habitable continents have universities offering MBA programs.
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