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Facts on MBA Executive Master of Business Administration (EMBA) programs were first established for senior executives by the University of Chicago in 1943 and are now offered by many school worldwide. The UK Government announced in its April 2004 budget that persons holding an MBA degree from the world's top fifty business schools will be entitled to work in the UK for one year. After this year has elapsed, they are likely to qualify for the UK's Highly Skilled Migrant Programme. This, in effect, means that an MBA from one of the top schools is a ticket to UK residency status.

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