Some well-known business schools are those at Stanford University, Harvard University, Northwestern University, Columbia University, Dartmouth University, Duke University, the Massachusetts Institute of Technology, the University of Chicago and the University of Pennsylvania. These business schools offer undergraduate business education, but their graduate business programs attract the most attention.
The Wharton School of Business at the University of Pennsylvania was founded in 1881 and was the first business school in the United States. The first graduate school of business in the United States was founded at Dartmouth University in 1900. In 1908, Harvard Business School at Harvard University became the first business school to offer the Master of Business Administration, or MBA, which, as of 2015, is the degree offered by graduate business schools in the United States.
Professors at Harvard Business School also developed the case-study method used to teach at many business schools. When professors realized that no textbooks existed to teach business courses, they interviewed business practitioners and wrote detailed accounts of common business practices, similar to the case method used at the time by Harvard Law school.
Business schools offer degrees in business administration and management. Typical courses offered include accounting, business administration, finance, human resources, management, marketing, statistics and real estate. Salaries for graduate of top business schools exceed six figures, and admission is extremely competitive. A typical program lasts two years.