programmes received 7% fewer applicants this year than last. Nearly three-quarters of full-time, two-yearprogrammes reported declines from coast to coast. Not even the most illustrious ones were spared: both saw applications dip by 6% or so. Schools face growing competition from overseas and online programmes—and, as Mr Benioff’s critique implies, questions over hidebound curriculums.
When management education boomed in the 1960s, American schools taught mostly American students. As the world economy globalised in the 1980s and 1990s, so too did American curriculums and student bodies. Sangeet Chowfla, who heads, now discerns a “third wave”: improved schools outside America are letting foreign students study closer to home .
Geoffrey Garrett, dean of the Wharton School, at the University of Pennsylvania, believes that a flight to quality is benefiting top institutions like his—and their graduates. Add non-wage compensation and alumni often recoup their investments in a few years. Not counting signing bonuses, the average base salary for graduates of the five American schools with the highest earning potential was $139,000.recruiters, claim their appetite for holders of elite degrees has not diminished.
Even the finest schools, though, are not sheltered from the forces buffeting business education. Global competition and new technology platforms enable a lower cost structure for the delivery of high-quality courses. This forces “a reckoning of theAs part of that reckoning, Questrom has teamed up with eddegree online for just $24,000, less than a third of the cost of its on-campus equivalent. Better to cannibalise yourself than let others do it, as Ms Fournier puts it.
Attack of the clones 2.0
They can start by lowering the cost.
Interesting, that your article has neglected to mention the pioneering disruptor of the MBA program, Gies School of Business. Wonder why ?
So, the Americans started to digout all 'wastes' of capitalism. Capitalism is nothing but a 'social evil'.
You mean they're coming up with an MBA degree that won't TRASH every single business it touches?
Harvard university is the best for MBA in USA
ncdsx_ wrong double diplome you chose
Important
_missChicago_ Craig_Powers Despite my own early career loyalties toward INSEAD, Fontainbleau, have to acknowledge HEC Paris. / But now it's a big hats off to your 2019 ChicagoBooth smart neighbours
MaxPvn Je vois pas Skema pour l’instant mais HEC perce de ouf
The MBA racket remains one of the most lucrative scams in modern academia. But is the MBA the panacea it used to be or is perceived as being? Is it still the best guarantor of that eventual C-Suite?🤔 Many less costly MA/MS credentials provide the same outcome & opportunities.
Clayton M. Christensen: The New Church of Finance: Deeply held belief systems and complex codes must be changed
I hate to break this to you but 50 years ago my business program was teaching social responsibility of corporations. This is not a new issue. It’s just a new generation believing they have discovered a new issue.
Business schools since the 1980s have been pushing Milton Friedman's bullshit that the only obligation a business has is to return value to investors. Now that the nooses are being hung in front of them are they having second thoughts.
Do Deans take an ethics oath I am sure they do...
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