Business School

The Business School is an institution of higher learning that teaches (and often undertakes research) into the art and science of business management, and closely related fields such as finance, marketing, information, and (sometimes) economics. The schools originated in the United States, and in recent decades have been emulated across the world. Undergraduates receive a B.S. degree, while graduate students receive, typically, the M.B.A. (Master of Business Administration).

History

The professionalization of business began at the Wharton School at the University of Pennsylvania. Its undergraduate program founded in 1881, was the first university business program. In 1901, Dartmouth College established the Tuck School of Business as a five-year undergraduate program that culminated in a master's degree. Harvard in 1906 created its strictly graduate school of business and introduced the MBA degree. Other universities joined the trend and by the 1920s the school of business became an established feature of many university campuses. The status of the business schools was problematical among the established faculties in the liberal arts, sciences, law, and medicine.

Bibliography

• Khurana, Rakesh. From Higher Aims to Hired Hands: The Social Transformation of Business Schools and the Unfulfilled Promise of Management as a Profession Princeton University Press, (2007). 540 pp. ISBN: 978-0-691-12020-1.