[photopress:MBA_danos.jpg,full,alignright]Difficult to believe but in recent years in the United States enrollment in full-time MBA programs has dropped, and some business leaders have said the degree is overrated. In 2005, the Wall Street Journal reported that applications to full-time MBA programs in the United States had plummeted as professors and graduates questioned the degree’s cost and value in the workplace. This was possibly because a typical two-year MBA degree couldcost as much as $100,000.
But Dean Paul Danos at the Tuck School of Business at Dartmouth University, seen in our illustration, says full-time MBA programs are well worth the cost.
Danos says more than ever, foreign students are willing to take out loans for an MBA. He says 37% of Tuck’s MBA students are now foreign – primarily from India and China.
He said, ‘I think the MBA is still a wonderful ticket to success. And the students are much more sophisticated now, they’re broader when they come to us. They are older, and they are more socially aware and they are much more international.’
Danos says top MBA programs adapt to changing times, though core curriculum, like finance, marketing, and accounting remain the same. He says business schools are teaching courses on business ethics and the impact of business practices to a new generation of MBA students.
Source: Voice of America