As the education al system evolves, the MBA program at colleges and universities across the country are following suit
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An increasing number of adults are returning to school, opting to further their education, and gain real-life skills that can help them in their existing career or if they want to pursue a new career. However, one of the biggest challenges for adult leaners is finding the actual time to attend classes.
In an effort to help adult leaners and others gain the education desired, the MBA programs offered across the country are evolving. This evolution has led to an array of options including the availability of an online MBA program in Boston and around the country.
According to information from the Graduate Management Admission Council, admissions have fallen around the nation by approximately seven percent. This has led to business schools looking to innovate their course offerings by providing more part-time and online MBAs, along with other specialized degrees including a master’s in management, finance, and analytics, along with providing more waivers for the Graduate Management Admission Test.
The strategy of the schools offering these programs is to work closely with various industries and to tailor the specialized programs for a specific group or company. For schools that are considered more regional, they are trying to find differentiated and new props, special ties, or advantages of a geographical location to various industries. Certain groups are even requesting specialized programs in sectors such as finance, health care, food, and pharmaceuticals. Even more, the programs are available for all students, not just those in certain industries.
The creation of specialized programs is a key driver for continuing education and MBA programs. This evolution has been seen at universities and colleges across the country, including Suffolk University.
The traditional two-year MBA program has started to shrink across the U.S. In the past year alone, more elite business schools have seen application numbers reduced by half, or more. Experts have stated there are several factors attributing to this enrollment decline. One is the total number of international applicants to schools in the United States has fallen recently because of concerns related to being able to obtain work visas and the increased competition from schools in other countries, such as Asia, Europe, and Canada.
Another factor relates to the opportunity cost related to quitting a job for a period of two years during a strong economy and in a tight labor market, which is much higher than what it would be in a time of recession. The last factor is the innovation era that currently exists. Many millennial applicants are looking for educational options that are faster and much more specialized than what a traditional MBA has to offer. This is something that doesn’t bode well for the two-year MBA that has been offered for decades.
As continued learning and MBA degree programs evolve based on learner’s demands, colleges and universities need to take steps to keep up, or risk their programs fading into obscurity altogether, which has already happened at many smaller schools and universities. Regardless of the size or prestige or a school, all continuing education facilities are at risk of declining MBA students, which is why knowing and addressing these changing trends is so crucial.
With changes transforming the MBA program across the country, adult learners have more opportunities to get the information needed to pursue their career of choice.
Contact Info:
Name: Dr Marisa Kelly
Email: Send Email
Organization: Suffolk University
Website: https://online.suffolk.edu
Source URL: https://marketersmedia.com/the-changing-face-of-the-mba-program/88924311
Source: MarketersMEDIA
Release ID: 88924311
