ICEF Monitor – MBA under pressure: The changing context of advanced business programmes
15 May 2015
The Master of Business Administration (MBA) degree has long been the gold standard for those aspiring to the most prestigious corner offices of leading corporations and financial institutions. But the credential – and those schools that offer it – is under pressure from a host of related developments both on the supply and demand side of education.
Perhaps the overarching threat to the traditional MBA programme is increasing competition amid a rapidly changing marketplace. The number of graduate business programmes has dramatically increased in recent years, even as domestic demand in some developed economies has stalled or even fallen off.
Recent reports from University World News and The Globe & Mail provide a combined snapshot of a maturing market for graduate business education. For example:
There are many more business schools today than was the case a decade ago, and the landscape is increasingly global. The Association to Advance Collegiate Schools of Business (AACSB) estimates there were 7,622 educational institutions offering business degrees in 2005. By 2014, the number of business-degree-granting schools had more than doubled to 15,731. Those schools offer a variety of graduate degrees, certificates, and executive training programmes.
“Read the full article on ICEF Monitor” – Source: http://monitor.icef.com/2015/05/mba-under-pressure-the-changing-context-of-advanced-business-programmes/