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:: Master of Business Administration (MBA)

A master's degree[note 1] (from Latin magister) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.[1] A master's degree normally requires previous study at the bachelor's level, either as a separate degree or as part of an integrated course. Within the area studied, master's graduates are expected to possess advanced knowledge of a specialized body of theoretical and applied topics; high order skills in analysis, critical evaluation, or professional application; and the ability to solve complex problems and think rigorously and independently.

• Postgraduate/graduate master's degrees (MA/M.A./A.M., MPhil/M.Phil., MSc/M.S./SM, MBA/M.B.A., LLM/LL.M., etc.) are the traditional formal form of master's degree, where the student already holds an undergraduate (bachelor's) degree on entry. Courses normally last one year in the UK and two years in the US.[47][48]
• Integrated master's degrees (MChem, MEng, MMath, MPharm, MPhys, MPsych, MSci, etc.) are UK degrees that combine an undergraduate bachelor's degree course with an extra year at master's level (i.e. a total of four years in England, Wales and Northern Ireland, and five years in Scotland). A 2011 survey of UK Higher Education Institutes found that 64% offered integrated master's course, mostly in STEM disciplines, with the most common degrees being MEng, MSci and MChem. 82% of respondents conferred only a master's degree for the course, while 9% conferred a bachelor's degree at the end of the bachelor's-level stage and a master's degree at the end of the course and a further 9% conferred both bachelor's and master's degrees at the end of the course.[56][57]

The UK Quality Assurance Agency defines three categories of Master's degrees:[59]

• Research master's degrees are primarily research based, although may contain taught elements, particularly on research methods. Examples are the MLitt (usually, but not always a research degree), the Master's by Research, and the MPhil. The Master's by Research (MbyRes, ResM), which is a research degree, is distinct from the Master of Research (MRes), which is a taught degree concentrating on research methods.[60]
• Specialised or advanced study master's degrees are primarily taught degrees, although commonly at least a third of the course is devoted to a research project assessed by dissertation. These may be stand-alone master's courses, leading to, e.g., MSc, MA or MRes degrees, or integrated master's degrees.
• Professional or practice master's degrees (see also professional degree) are designed to prepare students for a particular professional career and are primarily taught, although they may include work placements and independent study projects. Some may require professional experience for entry. Examples include MBA, MDiv, LLM and MSW as well as some integrated master's degrees. The name of the degree normally includes the subject name.

The United States Department of Education classifies master's degrees as research or professional. Research master's degrees in the US (e.g., M.A./A.M. or M.S.) require the completion of taught courses and examinations in a major and one or more minor subjects, as well as (normally) a research thesis. Professional master's degrees may be structured like research master's (e.g., M.E./M.Eng.) or may concentrate on a specific discipline (e.g., M.B.A.) and often substitute a project for the thesis.[48]

Master's programs in the US and Canada are normally two years in length. In some fields/programs, work on a doctorate begins immediately after the bachelor's degree, but a master's may be granted along the way as an intermediate qualification if the student petitions for it.[48] Some universities offer evening options so that students can work during the day and earn a master's degree in the evenings.[63]

Admission to a master's degree normally requires successful completion of study at bachelor's degree level either (for postgraduate degrees) as a stand-alone degree or (for integrated degrees) as part of an integrated scheme of study. In countries where the bachelor's degree with honours is the standard undergraduate degree, this is often the normal entry qualification.[59][72] In addition, students will normally have to write a personal statement and, in the arts and humanities, will often have to submit a portfolio of work.[73]

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A business school is a university-level institution that confers degrees in business administration or management. According to Kaplan business schools are "educational institutions that specialize in teaching courses and programs related to business and/or management".[1] Such a school can also be known as school of management, school of business administration, or colloquially b-school or biz school. A business school teaches topics such as accounting, administration, strategy, economics, entrepreneurship, finance, human resource management, management science, management information systems, international business, logistics, marketing, organizational psychology, organizational behavior, public relations, research methods and real estate among others.

There are several forms of business schools, including a school of business, business administration, and management.

1. Most of the university business schools consist of faculties, colleges, or departments within the university, and predominantly teach business courses (e.g. Mannheim Business School).
2. In North America, a business school is often understood to be a university program that offers a graduate Master of Business Administration degrees and/or undergraduate bachelor's degrees (e.g. Harvard Business School).
3. In Europe and Asia, some universities teach predominantly business courses (e.g. Copenhagen Business School).
4. Privately owned business school which is not affiliated with any university (e.g. WHU-Otto Beisheim School of Management).

Kaplan classifies business schools along four Corners:[2]

1. Culture (Europe - US): Independent of their actual (physical) location, business schools can be classified according to whether they follow the European or the US model.
2. Compass (international/global – regional/local): Business schools can be classified along a continuum, with international/ global schools on one end and regional/ local schools on the other.
3. Capital (public – private): Business schools can either be publicly (state) funded or privately funded, for example through endowments or tuition fees.
4. Content (teaching – research): Business school can be classified according to whether a school considers teaching or research to be its primary focus.

Common degrees are as follows.

• Associate's degree: AA, AAB, ABA, AS
• Bachelor's Degrees:

BCom, BA, BS, BBA (Bachelor of Business Administration), BBus (Bachelor of Business), BSBA, BAcc, BABA, BBS, BMOS and BBusSc (Bachelor of Business Science)

• Master's Degrees: MBA, MBM, Master of Management, MAcc, MMR, MSMR, MPA, MISM, MSM, MHA, MSF, MSc, MST, MMS, EMBA and MCom. At Oxford and Cambridge business schools an MPhil or MSc, is awarded in place of an MA.
• Doctoral Degrees: Ph.D., DBA, DHA, DM, Doctor of Commerce (DCOM), PhD in Management or Business Doctorate (Doctor of Philosophy), Doctor of Professional Studies (DPS)

Some business schools structure their teaching around the use of case studies (i.e. the case method). Case studies have been used in Graduate and Undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm's products, markets, competition, financial structure, sales volumes, management, employees and other factors influencing the firm's success. The length of a business case study may range from two or three pages to 30 pages, or more.

Business schools often obtain case studies published by the Harvard Business School, INSEAD, London Business School, the Kellogg School of Management at Northwestern University, the Ross School of Business at the University of Michigan, the Richard Ivey School of Business at The University of Western Ontario, the Darden School at the University of Virginia, IESE, other academic institutions, or case clearing houses (such as The Case Centre). Harvard's most popular case studies include Lincoln Electric Co.[44] and Google, Inc.[45]

Students are expected to scrutinize the case study and prepare to discuss strategies and tactics that the firm should employ in the future. Three different methods have been used in business case teaching:

1. Preparing case-specific questions to be answered by the student. This is used with short cases intended for Undergraduate students. The underlying concept is that such students need specific guidance to be able to analyze case studies.
2. Problem-solving analysis is the second method initiated by the Harvard Business School which is by far the most widely used method in MBA and executive development programs. The underlying concept is that with enough practice (hundreds of case analyses) students develop intuitive skills for analyzing and resolving complex business situations. Successful implementation of this method depends heavily on the skills of the discussion leader.
3. A generally applicable strategic planning approach. This third method does not require students to analyze hundreds of cases. A strategic planning model is provided and students are instructed to apply the steps of the model to six – and up to a dozen cases – during a semester. This is sufficient to develop their ability to analyze a complex situation, generate a variety of possible strategies and to select the best ones. In effect, students learn a generally applicable approach to analyze cases studies and real situations.[46] This approach does not make any extraordinary demands on the artistic and dramatic talents of the teacher. Consequently, most professors are capable of supervising the application of this method.

In contrast to the case method some schools use a skills-based approach in teaching business. This approach emphasizes quantitative methods, in particular operations research, management information systems, statistics, organizational behavior, modeling and simulation, and decision science. The leading institution in this method is the Tepper School of Business at Carnegie Mellon University. The goal is to provide students a set of tools that will prepare them to tackle and solve problems.

Another important approach used in business school is the use of business games that are used in different disciplines such as business, economics, management, etc. Some colleges are blending many of these approaches throughout their degree programs, and even blending the method of delivery for each of these approaches. A study from by Inside Higher Ed and the Babson Survey Research Group[48] shows that there is still disagreement as to the effectiveness of the approaches but the reach and accessibility is proving to be more and more appealing. Liberal arts colleges in the United States like New England College,[49] Wesleyan University,[50] and Bryn Mawr College are now offering complete online degrees in many business curriculae despite the controversy that surrounds the learning method.

There are also several business schools which still rely on the lecture method to give students a basic business education. Lectures are generally given from the professor's point of view, and rarely require interaction from the students unless notetaking is required. Lecture as a method of teaching in business schools has been criticized by experts for reducing the incentive and individualism in the learning experience.[51]

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Maryland (/ˈmɛərɪlənd/ (listen) MAIR-ih-lənd)[8] is a state in the Mid-Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east. The state's largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, and the Chesapeake Bay State. It is named after the English queen Henrietta Maria, known in England as Queen Mary.[9][10]

State of Maryland
Flag Seal
Nickname(s): "Old Line State", "Free State", "Little America",[1] "America in Miniature"[2]
Motto(s): "Fatti maschii, parole femine" (English: "Strong Deeds, Gentle Words")[3] The Latin text encircling the seal: Scuto bonæ voluntatis tuæ coronasti nos ("With Favor Wilt Thou Compass Us as with a Shield") Psalm 5:12[4]
State song(s): ""Maryland, My Maryland" (1861, adopted 1939)"
Official language	None (English, de facto)
Demonym	Marylander
Capital	Annapolis
Largest city	Baltimore
Largest metro	Baltimore-Washington Metro Area
Area	Ranked 42nd
 • Total	12,407 sq mi (32,133 km2)
 • Width	196 miles (315 km)
 • Length	119 miles (192 km)
 • % water	21
 • Latitude	37° 53′ N to 39° 43′ N
 • Longitude	75° 03′ W to 79° 29′ W
Population	Ranked 19th
 • Total	6,042,718 (2018)
 • Density	619/sq mi  (238/km2) Ranked 5th
 • Median household income	$80,774 (2017)[5] (2nd)
Elevation
 • Highest point	Hoye-Crest[6][7] 3,360 ft (1024 m)
 • Mean	350 ft  (110 m)
 • Lowest point	Atlantic Ocean[6] Sea level
Before statehood	Province of Maryland
Admitted to the Union	April 28, 1788 (7th)
Governor	Larry Hogan (R)
Lieutenant Governor	Boyd Rutherford (R)
Legislature	General Assembly of Maryland
 • Upper house	Senate of Maryland
 • Lower house	House of Delegates of Maryland
U.S. Senators	Ben Cardin (D) Chris Van Hollen (D)
U.S. House delegation	7 Democrats 1 Republican (list)
Time zone	Eastern: UTC −5/−4
ISO 3166	US-MD
Abbreviations	MD, Md.
Website	www.maryland.gov

Maryland state symbols
The Flag of Maryland
The Seal of Maryland
Living insignia
Bird	Baltimore oriole
Butterfly	Baltimore checkerspot butterfly
Crustacean	Blue crab
Fish	Rock fish
Flower	Black-eyed Susan
Insect	Baltimore checkerspot
Mammal	Calico cat Chesapeake Bay Retriever Thoroughbred horse
Reptile	Diamondback terrapin
Tree	White oak
Inanimate insignia
Beverage	Milk
Dance	Square dance
Dinosaur	Astrodon johnstoni
Food	Blue crab Smith Island Cake
Fossil	Ecphora gardnerae gardnerae
Gemstone	Patuxent River stone
Mineral	Agate
Poem	"Maryland, My Maryland" by James Ryder Randall (1861, adopted 1939)
Slogan	Maryland of Opportunity
Sport	Jousting Lacrosse
State route marker
State quarter
Released in 2000
Lists of United States state symbols

Sixteen of Maryland's twenty-three counties border the tidal waters of the Chesapeake Bay estuary and its many tributaries, which combined total more than 4,000 miles of shoreline. Although one of the smallest states in the U.S., it features a variety of climates and topographical features that have earned it the moniker of America in Miniature. In a similar vein, Maryland's geography, culture, and history combines elements of the Mid-Atlantic, Northeastern, and South Atlantic regions of the country.

One of the original Thirteen Colonies of Great Britain, Maryland was founded by George Calvert, a Catholic convert[11][12] who sought to provide a religious haven for Catholics persecuted in England.[13] In 1632, Charles I of England granted Calvert a colonial charter, naming the colony after his wife, Queen Mary.[14] Unlike the Pilgrims and Puritans, who enforced religious conformity in their settlements, Calvert envisioned a colony where people of different religious sects would coexist under the principle of toleration.[13] Accordingly, in 1649 the Maryland General Assembly passed an Act Concerning Religion, which enshrined this principle by penalizing anyone who "reproached" a fellow Marylander based on religious affiliation.[15] Nevertheless, religious strife was common in the early years, and Catholics remained a minority, albeit in greater numbers than in any other English colony.

Maryland's early settlements and population centers clustered around rivers and other waterways that empty into the Chesapeake Bay. Its economy was heavily plantation-based, centered mostly on the cultivation of tobacco. The need for cheap labor led to a rapid expansion of indentured servants, penal labor, and African slaves. In 1760, Maryland's current boundaries took form following the settlement of a long-running border dispute with Pennsylvania. Maryland was an active participant in the events leading up to the American Revolution, and by 1776 its delegates signed the Declaration of Independence. Many of its citizens subsequently played key political and military roles in the war. In 1790, the state ceded land for the establishment of the U.S. capital of Washington, D.C.

Although a slave state, Maryland remained in the Union during the U.S. Civil War, its strategic location giving it a significant role in the conflict. After the war, Maryland took part in the Industrial Revolution, driven by its seaports, railroad networks, and mass immigration from Europe. Since the Second World War, the state's population has grown rapidly, to approximately six million residents, and it is among the most densely populated states in the nation. As of 2015, Maryland had the highest median household income of any state, owing in large part to its close proximity to Washington, D.C. and a highly diversified economy spanning manufacturing, services, higher education, and biotechnology.[16] Maryland has been ranked as one of the best governed states in the country.[17] The state's central role in American history is reflected by its hosting of some of the highest numbers of historic landmarks per capita.

The Bureau of Economic Analysis estimates that Maryland's gross state product in 2016 was $382.4 billion.[132] However, Maryland has been using Genuine Progress Indicator, an indicator of well-being, to guide the state's development, rather than relying only on growth indicators like GDP.[133][134] According to the U.S. Census Bureau, Maryland households are currently the wealthiest in the country, with a 2013 median household income of $72,483[135] which puts it ahead of New Jersey and Connecticut, which are second and third respectively. Two of Maryland's counties, Howard and Montgomery, are the second and eleventh wealthiest counties in the nation respectively. Maryland ranked No. 1 with the most millionaires per capita in 2013, with a ratio of 7.7 percent.[136] Also, the state's poverty rate of 7.8 percent is the lowest in the country.[137][138][139] per capita personal income in 2006 was $43,500, fifth in the nation. As of February 2018, the state's unemployment rate was 4.2 percent.[140]

A map showing Maryland's median income by county. Data is sourced from the 2014 ACS 5-year Estimate report published by the US Census Bureau.

Maryland's economy benefits from the state's close proximity to the federal government in Washington, D.C. with an emphasis on technical and administrative tasks for the defense/aerospace industry and bio-research laboratories, as well as staffing of satellite government headquarters in the suburban or exurban Baltimore/Washington area. Ft. Meade serves as the headquarters of the Defense Information Systems Agency, United States Cyber Command, and the National Security Agency/Central Security Service. In addition, a number of educational and medical research institutions are located in the state. In fact, the various components of The Johns Hopkins University and its medical research facilities are now the largest single employer in the Baltimore area. Altogether, white collar technical and administrative workers comprise 25 percent of Maryland's labor force,[citation needed] attributable in part to nearby Maryland being a part of the Washington Metro Area where the federal government office employment is relatively high.

Manufacturing, while large in dollar value, is highly diversified with no sub-sector contributing over 20 percent of the total. Typical forms of manufacturing include electronics, computer equipment, and chemicals. The once mighty primary metals sub-sector, which at one time included what was then the largest steel factory in the world at Sparrows Point, still exists, but is pressed with foreign competition, bankruptcies, and mergers. During World War II the Glenn Martin Company (now part of Lockheed Martin) airplane factory employed some 40,000 people.

Mining other than construction materials is virtually limited to coal, which is located in the mountainous western part of the state. The brownstone quarries in the east, which gave Baltimore and Washington much of their characteristic architecture in the mid-19th century, were once a predominant natural resource. Historically, there used to be small gold-mining operations in Maryland, some near Washington, but these no longer exist.

Maryland has several historic and renowned private colleges and universities, the most prominent of which is Johns Hopkins University, founded in 1876 with a grant from Baltimore entrepreneur Johns Hopkins.

The first public university in the state is the University of Maryland, Baltimore, which was founded in 1807 and contains the University of Maryland's only public academic health, human services, and one of two law centers (the other being the University of Baltimore School of Law). Seven professional and graduate schools train the majority of the state's physicians, nurses, dentists, lawyers, social workers, and pharmacists.[166] The flagship university and largest undergraduate institution in Maryland is the University of Maryland, College Park which was founded as the Maryland Agricultural College in 1856 and became a public land grant college in 1864. Towson University, founded in 1866, is the state's second largest university. Baltimore is home to the University of Maryland, Baltimore County and the Maryland Institute College of Art. The majority of public universities in the state are affiliated with the University System of Maryland. Two state-funded institutions, Morgan State University and St. Mary's College of Maryland, as well as two federally funded institutions, the Uniformed Services University of the Health Sciences and the United States Naval Academy, are not affiliated with the University System of Maryland.

St. John's College in Annapolis, Maryland and Washington College in Chestertown, Maryland, both private institutions, are the two oldest colleges in the state, and are among the oldest in the country. Other private institutions include Mount St. Mary's University, McDaniel College (formerly known as Western Maryland College), Hood College, Stevenson University (formerly known as Villa Julie College), Loyola University Maryland, and Goucher College, among others.

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• Elevation adjusted to North American Vertical Datum of 1988.

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        School Description

Code	Concentration	More Info
MBA	Master of Business Administration
School: University of Phoenix Program: The Master of Business Administration program is designed to enhance the management skills students need to function effectively within an organization. Students will create and defend their solutions to problems of crisis management, profitable growth opportunities, and change leadership. Throughout the program, students gain experience in distilling a situation into a well-defined problem; applying tools and concepts to analyze a variety of alternative solutions; and selecting and defending their recommended course of action. The Master of Business Administration program at University of Phoenix utilizes problem-based learning where students refine their problem solving skills along with their communication, creativity, information utilization, and critical thinking skills. They are assessed on the basis of their use of the problem solving process (which employs a general rubric) as well as their communication and critical thinking skills during their presentation. Learning teams will apply the principles of benchmarking throughout the program to research the most creative solutions to a problem. This will enrich the alternatives that learners consider in evaluating possible solutions to the problems. The MBA consists of 39 credit hours and includes three proficiency courses (MBA 501, MBA 502, MBA 503) which may be satisfied using an undergraduate business degree, undergraduate coursework or graduate coursework. Students may also waive an additional nine credits using graduate courses and may qualify for a 21-credit hour residency. :: Concentration: Administration :: Campus    ::  Location: Columbia, MD ::  more info

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master of business administration (MBA)

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The Masters in Business Administration (MBA) develops students for the role managers play in defining business problems, assessing information, considering alternatives, and choosing the best solution.

To prepare students for this decision-marketing role, the MBA has been designed to introduce the theory or principles that frame a wide range of problems or issues in each of the courses. The most current techniques or tools are applied to these theories to allow students to practice marketing decisions to solve a wide range of problems.

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