In 1881, Joseph Wharton, co-founder of Bethlehem Steel, finds training workers himself too expensive. He persuades the Universiy of Pennsylvania to launch an undergraduate business education program. . In 1900, Dartmouth opens the first graduate business school. Ten years later, Harvard graduates its first class -- of eight. By 2002, there were 120,875 MBAs awarded in the U.S. and many business schools have opened overseas. . Business Week October 10, 2005 (page 70)
FROM THE BATTLEFIELD TO B-SCHOOL (BusinesssWeek, March 24, 2008) indicates the growing interest of military officers in obtaining an MBA. Last year 15,259 (6%) of the people who took the Graduate Management Admissions Test (GMAT) identified themselves as having a military background. The average salary for veterans with MBAs is $109,720.
