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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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New Mexico (Spanish: Nuevo México Spanish pronunciation: [ˈnweβo ˈmexiko] (listen), Navajo: Yootó Hahoodzo pronounced [jò�txó xɑ̀xʷò�tsò]) is a state in the Southwestern region of the United States of America; its capital and cultural center is Santa Fe, which was founded in 1610 as capital of Nuevo México (itself established as a province of New Spain in 1598), while its largest city is Albuquerque with its accompanying metropolitan area. It is one of the Mountain States and shares the Four Corners region with Utah, Colorado, and Arizona; its other neighboring states are Oklahoma to the northeast, Texas to the east-southeast, and the Mexican states of Chihuahua to the south and Sonora to the southwest. With a population around two million, New Mexico is the 36th state by population. With a total area of 121,592 sq mi (314,920 km2), it is the fifth-largest and sixth-least densely populated of the 50 states. Due to their geographic locations, northern and eastern New Mexico exhibit a colder, alpine climate, while western and southern New Mexico exhibit a warmer, arid climate.

State of New Mexico Estado de Nuevo México  (Spanish)
Flag Seal
Nickname(s): Land of Enchantment
Motto(s): Crescit eundo (English: It grows as it goes)
State song(s): "O Fair New Mexico" and "Así Es Nuevo México"
Spoken languages	English 69.7% Spanish 28.5% Navajo 3.5% other 4.1%[1]
Demonym	New Mexican (Spanish: Neomexicano, Neomejicano)[2]
Capital	Santa Fe
Largest city	Albuquerque
Largest metro	Greater Albuquerque
Area	Ranked 5th
 • Total	121,700 sq mi (315,199 km2)
 • Width	344 miles (552 km)
 • Length	371 miles (596 km)
 • % water	0.3
 • Latitude	31° 20′ N to 37° N
 • Longitude	103° W to 109° 3′ W
Population	Ranked 36th
 • Total	2,095,428 (2018)
 • Density	17.2/sq mi  (6.62/km2) Ranked 45th
 • Median household income	$46,744[3] (47th)
Elevation
 • Highest point	Wheeler Peak[4][5][6] 13,168 ft (4013.4 m)
 • Mean	5,701 ft  (1,741 m)
 • Lowest point	Red Bluff Reservoir on Texas border[5][6] 2,845 ft (868 m)
Before statehood	Nuevo México (1598–1848) New Mexico Territory (1850–1912)
Admitted to the Union	January 6, 1912 (47th)
Governor	Michelle Lujan Grisham (D)
Lieutenant Governor	Howie Morales (D)
Legislature	New Mexico Legislature
 • Upper house	Senate
 • Lower house	House of Representatives
U.S. Senators	Tom Udall (D) Martin Heinrich (D)
U.S. House delegation	1: Deb Haaland (D) 2: Xochitl Torres Small (D) 3: Ben Ray Luján (D) (list)
Time zones	Â
 • all of state (legally)	Mountain: UTC −7/−6
 • Nara Visa (informally)	Central: UTC -6/-7
ISO 3166	US-NM
Abbreviations	NM, N.M., N.Mex.
Website	www.newmexico.gov

New Mexico state symbols
The Flag of New Mexico
The Seal of New Mexico
Living insignia
Bird	Greater roadrunner
Fish	Rio Grande cutthroat trout
Flower	Yucca
Grass	Blue grama
Mammal	American black bear
Reptile	New Mexico whiptail
Tree	Two-needle piñon
Inanimate insignia
Colors	Red and yellow
Food	Chile peppers, pinto beans, and biscochitos
Fossil	Coelophysis
Gemstone	Turquoise
State route marker
State quarter
Released in 2008
Lists of United States state symbols

The economy of New Mexico is dependent on oil drilling, mineral extraction, dryland farming, cattle ranching, lumber milling, and retail trade. As of 2016–2017, its total gross domestic product (GDP) was $95 billion with a GDP per capita of $45,465. New Mexico's status as a tax haven yields low to moderate personal income taxes on residents and military personnel, and gives tax credits and exemptions to favorable industries. Because of this, its film industry has grown and contributed $1.23 billion to its overall economy. Due to its large area and economic climate, New Mexico has a large U.S. military presence marked notably with the White Sands Missile Range. Various U.S. national security agencies base their research and testing arms in New Mexico such as the Sandia and Los Alamos National Laboratories. During the 1940s, Project Y of the Manhattan Project developed and built the country's first atomic bomb and nuclear test, Trinity.

Inhabited by Native Americans for many thousands of years before European exploration, it was colonized by the Spanish in 1598 as part of the Imperial Spanish viceroyalty of New Spain. In 1563, it was named Nuevo México after the Aztec Valley of Mexico by Spanish settlers, more than 250 years before the establishment and naming of the present-day country of Mexico; thus, the present-day state of New Mexico was not named after the country today known as Mexico.[7][8] After Mexican independence in 1824, New Mexico became a Mexican territory with considerable autonomy. This autonomy was threatened, however, by the centralizing tendencies of the Mexican government from the 1830s onward, with rising tensions eventually leading to the Revolt of 1837. At the same time, the region became more economically dependent on the United States. At the conclusion of the Mexican–American War in 1848, the United States annexed New Mexico as the U.S. New Mexico Territory. It was admitted to the Union as the 47th state on January 6, 1912.

Its history has given New Mexico the highest percentage of Hispanic and Latino Americans, and the second-highest percentage of Native Americans as a population proportion (after Alaska).[9] New Mexico is home to part of the Navajo Nation, 19 federally recognized Pueblo communities of Puebloan peoples, and three different federally recognized Apache tribes. In prehistoric times, the area was home to Ancestral Puebloans, Mogollon, and the modern extant Comanche and Utes[10] inhabited the state. The largest Hispanic and Latino groups represented include the Hispanos of New Mexico, Chicanos, and Mexican Americans. The flag of New Mexico features the state's Spanish origins with the same scarlet and gold coloration as Spain's Cross of Burgundy, along with the ancient sun symbol of the Zia, a Puebloan tribe.[11] These indigenous, Hispanic, Mexican, Latin, and American frontier roots are reflected in the eponymous New Mexican cuisine and the New Mexico music genre.

Oil and gas production, tourism, and federal government spending are important drivers of the state economy. State government has an elaborate system of tax credits and technical assistance to promote job growth and business investment, especially in new technologies.

In 2010, New Mexico's Gross Domestic Product was $80 billion, and an estimated $85 billion for 2013.[82] In 2007, the per capita personal income was $31,474 (rank 43rd in the nation).[83] In 2005, the percentage of persons below the poverty level was 18.4%.[84] The New Mexico Tourism Department estimates that in Fiscal Year 2006, the travel industry in New Mexico generated expenditures of $6.5 billion.[85] As of April 2012, the state's unemployment rate was 7.2%.[86] During the late-2000s recession, New Mexico's unemployment rate peaked at 8.0% for the period June–October 2010.[87]

Due to its relatively low population, in combination with numerous federally funded research facilities, New Mexico had the highest concentration of PhD holders of any state in 2000.[156] Despite this, the state routinely ranks near the bottom in surveys of the quality of primary and secondary school education.[157] In a landmark decision, a state judge ruled in 2018 that "New Mexico is violating the constitutional rights of at-risk students by failing to provide them with sufficient education,"[158] and ordered that the governor and Legislature provide an adequate system by April 2019.[158][159]

New Mexico has a higher concentration of persons who do not finish high school or have some college without a degree than the nation as a whole. For the state, 23.9% of people over 25 years of age have gone to college but not earned a degree.[51] This is compared with 21.0% of the nation as a whole according to United States Census Bureau 2014 American Community Survey estimates.[160] Los Alamos County has the highest number percent of post secondary degree holders of any county in New Mexico with 38.7% of the population (4,899 persons) estimated by the 2010-2014 American Community Survey.[161]

New Mexico is one of eight states that funds college scholarships through the state lottery.[162][158][163] The state of New Mexico requires that the lottery put 30% of its gross sales into the scholarship fund.[164] The scholarship is available to residents who graduated from a state high school, and attend a state university full-time while maintaining a 2.5 GPA or higher.[165] It covered 100% of tuition when it was first instated in 1996,[166] decreased to 90%, then dropped to 60% in 2017.[158] The value slightly increased in 2018, and new legislation was passed to outline what funds are available per type of institution.[166]

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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: Albuquerque, NM ::  more info

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Code	Concentration	More Info
MBA	Master of Business Administration- FlexNet® MBA
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. The Flexnet option allows a split of time between both the campus and online, allowing students to maximize their time commitments. :: Concentration: Administration :: Campus    ::  Location: Albuquerque, NM ::  more info

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Code	Concentration	More Info
BA/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: Las Cruces, NM ::  more info     ::  Location: Santa Fe, NM ::  more info

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School Description

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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