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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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Missouri is a state in the Midwestern United States.[4] With over six million residents, it is the 18th-most populous state of the Union. The largest urban areas are St. Louis, Kansas City, Springfield, and Columbia; the capital is Jefferson City. The state is the 21st-most extensive in area. In the South are the Ozarks, a forested highland, providing timber, minerals, and recreation. The Missouri River, after which the state is named, flows through the center of the state into the Mississippi River, which makes up Missouri's eastern border.

State of Missouri
Flag Seal
Nickname(s): Show Me State, Cave State, and Mother of the West
Motto(s): Salus populi suprema lex esto (Latin) Let the good of the people be the supreme law
State song(s): "Missouri Waltz"
Official language	English
Spoken languages	English 93.9% Spanish 2.6% German 0.4% Missouri French
Demonym	Missourian
Capital	Jefferson City
Largest city	Kansas City
Largest metro	Greater St. Louis
Area	Ranked 21st
 • Total	69,715 sq mi (180,560 km2)
 • Width	240 miles (390 km)
 • Length	300 miles (480 km)
 • % water	1.17
 • Latitude	36° 0′ N to 40° 37′ N
 • Longitude	89° 6′ W to 95° 46′ W
Population	Ranked 18th
 • Total	6,126,452 (2018)
 • Density	87.1/sq mi  (33.7/km2) Ranked 30th
 • Median household income	$53,578[1] (37th)
Elevation
 • Highest point	Taum Sauk Mountain[2] 1,772 ft (540 m)
 • Mean	800 ft  (244 m)
 • Lowest point	St. Francis River at Arkansas border 230 ft (70 m)
Before statehood	Missouri Territory
Admitted to the Union	August 10, 1821 (24th)
Governor	Mike Parson (R)
Lieutenant Governor	Mike Kehoe (R)
Legislature	Missouri General Assembly
 • Upper house	Senate
 • Lower house	House of Representatives
U.S. Senators	Roy Blunt (R) Josh Hawley (R)
U.S. House delegation	6 Republicans 2 Democrats (list)
Time zone	Central: UTC −6/−5
ISO 3166	US-MO
Abbreviations	MO, Mo.
Website	www.mo.gov

Missouri state symbols
The Flag of Missouri
The Seal of Missouri
Living insignia
Amphibian	American bullfrog
Bird	Eastern bluebird
Fish	Channel catfish
Flower	White hawthorn
Grass	Big bluestem
Horse breed	Missouri Fox Trotter
Insect	Western honey bee
Mammal	Missouri Mule
Tree	Flowering Dogwood
Inanimate insignia
Dance	Square dance
Dinosaur	Hypsibema missouriensis[3]
Food	Dessert: Ice cream
Fossil	Crinoid
Gemstone	Beryl
Instrument	Fiddle
Mineral	Galena
Rock	Mozarkite
Soil	Menfro
State route marker
State quarter
Released in 2003
Lists of United States state symbols

Humans have inhabited the land now known as Missouri for at least 12,000 years. The Mississippian culture built cities and mounds, before declining in the 14th century. When European explorers arrived in the 17th century they encountered the Osage and Missouria nations. The French established Louisiana, a part of New France, and founded Ste. Genevieve in 1735 and St. Louis in 1764. After a brief period of Spanish rule, the United States acquired the Louisiana Purchase in 1803. Americans from the Upland South, including enslaved African Americans, rushed into the new Missouri Territory. Missouri was admitted as a slave state as part of the Missouri Compromise. Many from Virginia, Kentucky, and Tennessee settled in the Boonslick area of Mid-Missouri. Soon after, heavy German immigration formed the Missouri Rhineland.

Missouri played a central role in the westward expansion of the United States, as memorialized by the Gateway Arch. The Pony Express, Oregon Trail, Santa Fe Trail, and California Trail all began in Missouri.[5] As a border state, Missouri's role in the American Civil War was complex and there were many conflicts within. After the war, both Greater St. Louis and the Kansas City metropolitan area became centers of industrialization and business. Today, the state is divided into 114 counties and the independent city of St. Louis.

Missouri's culture blends elements from the Midwestern and Southern United States. The musical styles of ragtime, Kansas City jazz, and St. Louis Blues developed in Missouri. The well-known Kansas City-style barbecue, and lesser-known St. Louis-style barbecue, can be found across the state and beyond. Missouri is also a major center of beer brewing; Anheuser-Busch is the largest producer in the world. Missouri wine is produced in the nearby Missouri Rhineland and Ozarks. Missouri's alcohol laws are among the most permissive in the United States. Outside of the state's major cities, popular tourist destinations include the Lake of the Ozarks, Table Rock Lake, and Branson.

Well-known Missourians include U.S. President Harry S. Truman, Mark Twain, Walt Disney, Chuck Berry, and Nelly. Some of the largest companies based in the state include Cerner, Express Scripts, Monsanto, Emerson Electric, Edward Jones, H&R Block, Wells Fargo Advisors, and O'Reilly Auto Parts. Missouri has been called the "Mother of the West" and the "Cave State"; however, Missouri's most famous nickname is the "Show Me State."[6]

The U.S. Department of Commerce’s Bureau of Economic Analysis estimated Missouri's 2016 gross state product at $299.1 billion, ranking 22nd among U.S. states.[72] Per capita personal income in 2006 was $32,705,[24] ranking 26th in the nation. Major industries include aerospace, transportation equipment, food processing, chemicals, printing/publishing, electrical equipment, light manufacturing, financial services and beer.

The agriculture products of the state are beef, soybeans, pork, dairy products, hay, corn, poultry, sorghum, cotton, rice, and eggs. Missouri is ranked 6th in the nation for the production of hogs and 7th for cattle. Missouri is ranked in the top five states in the nation for production of soy beans, and it is ranked fourth in the nation for the production of rice. In 2001, there were 108,000 farms, the second-largest number in any state after Texas. Missouri actively promotes its rapidly growing wine industry. According to the Missouri Partnership, Missouri's agriculture industry contributes $33 billion in GDP to Missouri's economy, and generates $88 billion in sales and more than 378,000 jobs.[73]

Missouri has vast quantities of limestone. Other resources mined are lead, coal, and crushed stone. Missouri produces the most lead of all of the states. Most of the lead mines are in the central eastern portion of the state. Missouri also ranks first or near first in the production of lime, a key ingredient in Portland cement.

Missouri also has a growing science, agricultural technology and biotechnology field. Monsanto, one of the largest biotech companies in America, is based in St. Louis.

America the Beautiful US Quarter featuring the Ozark Scenic Riverways

Tourism, services and wholesale/retail trade follow manufacturing in importance. Tourism benefits from the many rivers, lakes, caves, parks, etc. throughout the state. In addition to a network of state parks, Missouri is home to the Gateway Arch National Park in St. Louis and the Ozark National Scenic Riverways National Park. A much-visited show cave is Meramec Caverns in Stanton, Missouri.

Meramec Caverns

Missouri is the only state in the Union to have two Federal Reserve Banks: one in Kansas City (serving western Missouri, Kansas, Nebraska, Oklahoma, Colorado, northern New Mexico, and Wyoming) and one in St. Louis (serving eastern Missouri, southern Illinois, southern Indiana, western Kentucky, western Tennessee, northern Mississippi, and all of Arkansas).[74]

The Federal Reserve Bank of Kansas City services the western portion of Missouri, as well as all of Kansas, Oklahoma, Nebraska, Wyoming, Colorado, and northern New Mexico

The state's seasonally adjusted unemployment rate in April 2017 was 3.9 percent.[75] In 2017, Missouri became a right-to-work state,[76] but in August 2018, Missouri voters rejected a right-to-work law with 67% to 33%.[77][78][79]

The University of Missouri System is Missouri's statewide public university system. The flagship institution and largest university in the state is the University of Missouri in Columbia. The others in the system are University of Missouri–Kansas City, University of Missouri–St. Louis, and Missouri University of Science and Technology in Rolla.

During the late nineteenth and early twentieth century the state established a series of normal schools in each region of the state, originally named after the geographic districts: Northeast Missouri State University (now Truman State University) (1867), Central Missouri State University (now the University of Central Missouri) (1871), Southeast Missouri State University (1873), Southwest Missouri State University (now Missouri State University) (1905), Northwest Missouri State University (1905), Missouri Western State University (1915), Maryville University (1872) and Missouri Southern State University (1937). Lincoln University and Harris–Stowe State University were established in the mid-nineteenth century and are historically black colleges and universities.

Among private institutions Washington University in St. Louis and Saint Louis University are two top ranked schools in the US.[116] There are numerous junior colleges, trade schools, church universities and other private universities in the state. A.T. Still University was the first osteopathic medical school in the world. Hannibal–LaGrange University in Hannibal, Missouri, was one of the first colleges west of the Mississippi (founded 1858 in LaGrange, Missouri, and moved to Hannibal in 1928[117]).

The state funds a $2000, renewable merit-based scholarship, Bright Flight, given to the top three percent of Missouri high school graduates who attend a university in-state.

The 19th century border wars between Missouri and Kansas have continued as a sports rivalry between the University of Missouri and University of Kansas. The rivalry was chiefly expressed through football and basketball games between the two universities, but since Missouri left the Big 12 Conference in 2012, the teams no longer regularly play one another. It was the oldest college rivalry west of the Mississippi River and the second-oldest in the nation. Each year when the universities met to play, the game was coined the "Border War." An exchange occurred following the game where the winner took a historic Indian War Drum, which had been passed back and forth for decades. Though Missouri and Kansas no longer have an annual game after the University of Missouri moved to the Southeastern Conference, tension still exists between the two schools.

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        School Description

Code	Concentration	More Info
CA/BA	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: St. Louis, MO ::  more info

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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.

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