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Facts on MBA As the US MBA model emerged at the turn of the 20th century, Europeans developed centres of excellence in business, such as at the universities of London and Manchester. Elsewhere in Europe, companies started management programs, such as Cass Business School, London, IMD, Instituto de Empresa, INSEAD, Henley Management College and Ashridge to provide management training for promising employees. In 1968, the Asian Institute of Management was founded. Many programs allow students to specialize in a particular area, such as organizational behaviour, marketing, accounting, finance, operations management, technology management, strategy or international business. Unspecialized MBA programs often focus second-year studies on strategy.

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