The MBA designation originated in the United States, emerging as the country industrialized and companies sought out scientific approaches to management. The first American business school, Wharton School of the University of Pennsylvania, was established in 1881, 62 years after the world’s first business school ESCP-EAP was established in 1819 in Paris. The Tuck School of Business, part of Dartmouth College, was the first graduate school of management in the US.

Founded in 1900, it was the first institution conferring advanced degrees (masters) in the commercial sciences, the forebearer of the modern MBA. Founded in 1898, the University of Chicago Graduate School of Business, the second oldest US business school, was the first graduate school in 1940 to offer working professionals the Executive MBA (EMBA) program, a mainstay at most business schools today.

Thunderbird School of Global Management, founded in 1946 following World War II by Lieutenant General Barton Kyle Yount, (the Commanding General of the U.S. Army Air Training Command), is the first and the oldest Business School in the United States focused solely on “International Business”.

To Get into Any MBA, Course that is offered in India, you would need to write a test called CAT.

Common Admission Test (CAT), is the common entrance exam that you have to take to get admission to the Indian Institute of Management (IIM), at Ahmedabad, Bangalore, Calcutta, Lucknow, Indore, and Kozhikode. Many other institutes like, MICA, Nirma Institute of Management, S.P. Jain Institute, also draw out their candidates based on the performance in CAT.

The exam itself consists of four parts which are Verbal Ability, Reading Comprehension, Problem Solving and Data Interpretation. All the questions are multiple choice and you should shade your choice of answer (only with a HB pencil) in the computer coded answer sheet. For every correct answer, one mark is awarded and for every wrong answer, 1/4th of a mark is deducted.

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