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Discussion on the Future of the MBA and What Is Happening

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State of the MBA
A DISCUSSION ON THE FUTURE OF THE MBA
AND WHAT IS HAPPENING.
“LETS TALK”
“Without changing our patterns of
thought, we will not be able to solve
the problems we created with our
current patterns of thought.”
Albert Einstein
http://www.youtube.com/watch?v=jpEnFwiqdx8
What is the future of the MBA?
п‚— Content/Curriculum
п‚— Format
п‚— Students
п‚— Faculty
п‚— Competition
The future of the MBA: designing the thinker of the future
By Mihnea C. Moldoveanu, Roger L. Martin
What are the formats?
 One year – full time program (33 or 50+ credits)
 Two year – full time (50+ credits)
 One to three year – evening part time (33 or 50+
п‚—
п‚—
п‚—
п‚—
credits)
One to three year – weekend part time (33 or 50+
credits)
Executive – part time (33 or 50+ credits)
On line – part time (33 or 50+ credits)
Blended - (33 or 50+ credits)
How is the MBA Business?
Findings from 2009 Data
•One-year full-time MBA programs
reported the strongest application volume.
•Application volume growth in 2009 was
primarily driven by programs located in
world regions outside of the United States
across all MBA program types.
•Master of Accounting programs stood out
among program types with the largest
proportion (78%) reporting an increase in
application volume.
•Change in application volume – FT 1 Year,
Flexible, FT 2 year, Part-time and
Executive MBA in order.
Source: GMAC 2009 Application Trends Survey
Online MBAs
Penn State's Online MBA
Internet MBA
FSU Business - Online MBA
How is business?
 University of Phoenix “ . . . annual
revenue of $4-billion for the year ending August 31
and a 22-percent increase in enrollment at the
University of Phoenix, bringing its total enrollment
of degree-seeking students to 443,000.”
Source: (Chronicle of Higher Education 10-27-2009)
 “U. of Phoenix Expects to Spend Up to $80.5-Million in
Settling Whistle-Blower Case”
Source: (Chronicle of Higher Education 10-27-2009)
November 1, 2009
With Typical Vigor, Jack Welch Sets Out to Upend
Online Business Education
Can a high-profile program backed by a legendary business magnate
lure students?
“His new online business school will be aimed at working people
looking for a practical education at a good price.”
What is in a name?
п‚— Masters in Business Administration
п‚ЎProfessional
MBA
п‚ЎExecutive MBA
п‚ЎGlobal MBA
п‚ЎFull time MBA
п‚ЎPart time MBA
Results 1 - 10 of about 15,700,000 for future of the mba. (0.43 seconds)
Search Results
•Harvard Business School Discusses Future of the MBA — HBS Working ...
The MBA industry is in turmoil. Many business schools are revisiting their offerings to see if they still have
relevance in the 21st century. hbswk.hbs.edu/item/6053.html - Cached - Similar –
•The Future of the MBA
May 11, 2008 ... The high-value decision maker of the future has to be conceived, prototyped, nurtured. In a word—
designed. www.businessweek.com/bschools/.../bs20080511_815214.htm - Cached - Similar •Musings on Markets: The future of the MBA
Apr 27, 2009 ... Yeah, I totally agree with you of the near future trends of MBA programs. It is no coincidence that the
MBA business has expanded with the ... aswathdamodaran.blogspot.com/2009/04/future-of-mba.html •The Once and Future MBA - HBR Editors' Blog - Harvard Business Review
The Once and Future MBA. 9:00 PM Monday March 16, 2009 by Sarah Cliffe. Tags:Career planning, Economy,
Recession ... blogs.harvardbusiness.org/.../the_once_and_future_mba.html - Cached - Similar •Looking into the Future: Which MBA? What do Business graduates need?
Funny, I googled 'future of MBA', as I myself an MBA student, and I came across this site. I read all
comments/ideas/suggestions, and everyone has an
…bilalak.mbablogs.businessweek.com/archive/.../bzuoh84psmkd •The future of the MBA: designing the thinker of the future - Google Books Result
by Mihnea C. Moldoveanu, Roger L. Martin - 2008 - Business & Economics - 142 pages Epilogue: A Reconstructive
Summary of the Basic Arguments of the Book books.google.com/books?isbn=0195340140... •Oxford University Press: The Future of the MBA: Mihnea C. Moldoveanu
The Future of the MBA provides a sorely needed detailed and systematic review of the major contemporary
debates on management education. At the same time, www.oup.com/us/catalog/general/subject/.../Theory/?...ci...
•Amazon.com: The Future of the MBA: Designing the Thinker of the ...
Amazon.com: The Future of the MBA: Designing the Thinker of the Future (9780195340143): Mihnea C.
Moldoveanu, Roger L. Martin: Books.www.amazon.com/Future-MBA-Designing.../0195340140 - Cached - Similar •What r future scope for MBA with mining engg at ISM Dhanbad ...
Jul 6, 2008 ... visit for details http://www.joinmba.com http://www.distancelearningmba.co.in http://www.emba.co.in ...
Your question should be what is my future with BE, MBA. …in.answers.yahoo.com/question/index?qid...
Future of Marketing MBA Lecture - Part One A lecture at the Rotman School of Management Marketing: The New
Game Idri.
www.slideshare.net/.../future-of-marketing-mba-lecture-part-one - Cached - Similar -
So what did Harvard say?
Source: “Harvard Business School Discusses Future of the MBA”
Published:November 24, 2008
•B u s i n e s s s c h o o l s a r o u n d t h e w o r l d t u r n o u t a b o u t
500,000 MBAs a year, with upwards of 150,000 of those
in the United States alone.
•" C o n v e n t i o n a l M B A p r o g r a m s t r a i n t h e w r o n g p e o p l e i n
the wrong ways with the wrong consequences." –Henry
Mintzberg,
•T e n s c h o l a r s i n t h e D e c e m b e r / J a n u a r y 2 0 0 8 i s s u e o f t h e
Academy of Management Journal in which they question
the value of business school research.
•" W e h a v e t o u n d e r s t a n d h o w t h e w o r l d i s c h a n g i n g a n d
make sure we're preparing our students for the future." –
Jay Light, HBS
Areas that HBS is attempting to
focuses on!
•G e t t h e g l o b a l c o n t e n t r i g h t s o t h a t g r a d u a t e s c a n w o r k f o r
a company that is operating in multiple geographies .
•A f o c u s o n l e a d e r s h i p a n d c o r p o r a t e a c c o u n t a b i l i t y t h a t
aims to give an analytical framework for thinking about
tough, contemporary business issues by combining
economic, legal, and ethics
•D e a n s a n d r e c r u i t e r s f e l t t h a t M B A s i n g e n e r a l n e e d m o r e
soft skills, such as self-awareness and the capacity for
introspection and empathy.
•T h e y a l s o f o u n d M B A s l a c k i n g i n c r i t i c a l a n d c r e a t i v e
thinking, as well as communication skills.
Source: Harvard Business School Discusses Future of the MBA
Published: November 24, 2008
What are our options and responsibilities?
п‚— What was our role in the meltdown on Wall Street?
APRIL 24, 2009
How Business Schools Have Failed Business
Why not more education on the responsibility of boards?
п‚— What is your strategic plan for the next two years?
п‚— What will our programs look like in five years?
п‚— Ten years?
п‚— Who will be our competitors?
п‚Ў Jack Welch
п‚Ў Phoenix
п‚Ў Full Sail University
Blended MBA Programs
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