Presentation on theme: "A DISCUSSION ON THE FUTURE OF THE MBA AND WHAT IS HAPPENING. “LETS TALK” State of the MBA."— Presentation transcript:
A DISCUSSION ON THE FUTURE OF THE MBA AND WHAT IS HAPPENING. “LETS TALK” State of the MBA
“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=jpEnFwiqdx8www.youtube.com/watch?v=jpEnFwiqdx8
What is the future of the MBA? Content/Curriculum Format Students Faculty 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+ 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? Masters in Business Administration Professional MBA Executive MBA Global MBA Full time MBA Part time MBA
Results 1 - 10 of about 15,700,000 for future of the mba. (0.43 seconds) futuremba Search Results Harvard Business School Discusses Future of the MBA — HBS Working...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 –CachedSimilar The Future of the MBAThe 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 -CachedSimilar Musings on Markets: The future of the MBAMusings 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 ReviewThe 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 -CachedSimilar Looking into the Future: Which MBA? What do Business graduates need?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 ResultThe 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. MoldoveanuOxford 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... 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 -CachedSimilar What r future scope for MBA with mining engg at ISM Dhanbad...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 OneFuture 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 -CachedSimilar
So what did Harvard say? Source: “Harvard Business School Discusses Future of the MBA” Published:November 24, 2008 Business schools around the world turn out about 500,000 MBAs a year, with upwards of 150,000 of those in the United States alone. "Conventional MBA programs train the wrong people in the wrong ways with the wrong consequences." –Henry Mintzberg, Ten scholars in the December/ January 2008 issue of the Academy of Management Journal in which they question the value of business school research. "We have to understand how the world is changing and make sure we're preparing our students for the future." – Jay Light, HBS
Get the global content right so that graduates can work for a company that is operating in multiple geographies. A focus on leadership and corporate accountability that aims to give an analytical framework for thinking about tough, contemporary business issues by combining economic, legal, and ethics Deans and recruiters felt that MBAs in general need more soft skills, such as self-awareness and the capacity for introspection and empathy. They also found MBAs lacking in critical and creative thinking, as well as communication skills. Source: Harvard Business School Discusses Future of the MBA Published: November 24, 2008 Areas that HBS is attempting to focuses on!
What are our options and responsibilities? What was our role in the meltdown on Wall Street? What is your strategic plan for the next two years? What will our programs look like in five years? Ten years? Who will be our competitors? Jack Welch Phoenix Full Sail University APRIL 24, 2009 How Business Schools Have Failed Business Why not more education on the responsibility of boards?