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Trouble in the Middle; Business Education
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8755 (Oct. 2011)
,
page 57-58.
Topik:
Business Schools
;
Economic Crisis
;
Tuition
;
Enrollments
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
In 2009, when the American economy was beset by recession, interest in MBA programmes hit a record high. No one was much surprised: applications to business schools often rise during the first years of a recession as people seek shelter from the storm. So perhaps no one should be surprised that in both succeeding years applications have fallen. That's what prolonged doldrums do. Data taken from The Economist's latest ranking of full-time MBA programmes show that an MBA from a mid-ranking school is no longer the investment it once was. In 2010 the average tuition fee charged by American institutions ranked within our top 100, but outside of the top 15, was $81,911 for the full two years. The average basic salary of those schools' freshly-minted MBAs was $81,178 a year. Five years ago tuition at the same cohort of schools was nearly $22,000 cheaper--$60,247--while the average salary, $78,442, was barely less than today's. This price rise comes at a time when enrolment is falling; for American mid-level schools it is down 20% over the decade. As the pool of domestic applicants has fallen, many American schools have come to rely on students from emerging economies to fill their programmes. The other option is to move away from the generalist MBA. To compete for students from the wider world some schools may need to specialise.
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