Business-school deans see a number of trends emerging that will affect business education in 2019, including the rise of specialized MBAs in the Asia-Pacific region and a continuing drop in US MBA applications. The leaders also see more collaboration on the horizon as well as closer partnerships with businesses.
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MBA graduates should be offered a lifetime subscription to business school to keep their skills relevant, some experts suggest. Schools such as Michigan's Ross School of Business offer such programs.
As more companies use consultants and online training to provide executive education, business schools must adjust their offerings to include short-term training programs and microcredentials to compete, a report from education consultants Carrington Crisp finds. The survey shows that one-quarter of mid-to-senior corporate managers say business schools focus more on theory than real-world issues.
Harvard University has changed the name of its online learning platform from HBX to Harvard Business School Online, with a goal to expand its worldwide student base. The certificate-based program uses case studies to teach business skills, and about 40,000 students have completed one of its courses, data show.
More than 60 colleges and universities have joined an amicus brief in a lawsuit against federal policy on "unlawful presence" that higher-education leaders say will harm their ability to recruit international students. The policy makes it easier for the US to ban re-entry for nonimmigrant visa-holders for periods of three and 10 years.
A survey from the Babson Survey Research Group shows more than 60% of college faculty say course material costs are a concern for students, but overall, slightly fewer professors say they'll use open educational resources over the next three years. Babson Director Jeff Seaman says a "perceived lack of quality options" is hampering enthusiasm for using OER materials.
Business schools need to make their research more relevant and partner with businesses that can put their findings into action, write Andrew Stephen, a marketing professor at Oxford University, and Koen Pauwels, a marketing professor at Northeastern University. In this commentary, they outline how some business schools are crossing the aisle and working directly with businesses.
MBA applicants who want to work in the technology sector after graduation should get hard skills in the profession first, says Nick Kamboj, founder of the consulting firm Aston & James. Such candidates are more attractive, he says, because they have a foundation in both business and technology.
A hundred times every day I remind myself that my inner and outer life are based on the labors of other men, living and dead, and that I must exert myself in order to give in the same measure as I have received and am still receiving.
