This is only the third time that a top ranked school has been removed from the pedestal and the first time that a UK Business school is on top of the list.
Business schools in the U.S. are seeing a drop in the number of students opting out of these programmes and the most obvious reason for this is the current economic climate. Students have to pay reasonably high fees for these programmes and with limited job opportunities it is difficult to pay off student loans.
Globally, the quality of good business schools is on the rise and is therefore competition is high for U.S. Schools. India and China still have MBA graduates in demand and therefore the demand for the programmes is also increasing. But with more and more schools providing the necessary quality of education locally, it is resulting in lesser incoming fees from the international segment of students.
The schools are working on adding on more programmes closely related to traditional MBA but more specialised as compared to it. Unique skill sets and specialist roles are in demand nowadays and students are aware of what is required of them to get that dream job.
The traditional MBA’s are on the decline but there has been a shift from full-time programmes to online programmes. This tends to be a lot more convenient not only for students but also for the faculty. The fee aspect and the duration of the courses also play important part in the deciding what programme the student should undertake.
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