First introduced in the United Stated in 1908, the Masters of Business Administration is today an indispensable step for business professionals wanting to enhance their careers and move ahead in the international community. The American-style management techniques used by MBA programs are recognized internationally. But business schools in high demand and ranking are not only found in the United States. More and more MBA candidates are looking towards Europe's top business schools.

The Bologna Accord, an educational reform signed in 1999 by 29 European countries, greatly contribute to the diversity and strength of the European MBA programs. Promising the simplify degree qualifications and nomenclatures, the Accord makes the value of European degrees more uniform - and more attractive. To be fully implemented by 2010, the reform is sweeping the European graduate management market while it brings more choice, mobility, and competition to Europe's fragmented higher education system.

Education experts at nearly all levels believe full implementation of a European system of higher education will greatly improve MBA programs. Stated reforms will bring increased quality and competition among business schools, greater brand recognition, expanded possibilities for transfer students and total English-based education, according to the Association to Advance Collegiate Schools of Business.

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