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The master's degree in business administration (MBA) is offered by universities with business or management schools that cater to students seeking to develop managerial skills in the multifaceted aspects of business and financial theory. The traditional structure of the MBA program, as initiated in the Gilded Age boom of the early 1900s, was that of a two-year program course to instill in the captains of industry the knowledge needed to guide their technical groundwork (typically in engineering) into a practical, human application.

The program originated when the Tuck School of Business, Dartmouth College, conferred an advanced degree in commercial science. In 1908, two early American schools of business, Wharton and the University of Chicago, offered two of the world's first MBA programs. As the popularity of ...

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