Poets and Quants Is Traditional Biz Ed At Risk

Poets and Quants Is Traditional Biz Ed At Risk

Is Traditional Biz Ed At Risk?

by: Andrea Carter on March 16, 2018

Poets and Quants

original article URL: https://poetsandquants.com/2018/03/16/is-traditional-biz-ed-at-risk/

Time to sound the alarm? A new report shows that while traditional master’s programs continue to lead the pack in advanced management education, prospective students want one thing above all else: options. In particular, they want flexibility and convenience. And what’s more, in what can be interpreted as a wake-up call for business schools, the new report also shows that nontraditional options such as certificate programs, informal online courses, and digital badges — all of which offer variations in format, flexibility, and convenience — are creating waves that shouldn’t be ignored.

The data comes from a quantitative report commissioned by AACSB International, the Executive MBA Council, and the International Consortium for Executive Education titled Understanding the Implications of the Digital Generation on Business Education. The survey of 1,665 participants, ages 21-40, hailing from multiple countries found that over 25% believe they can substitute nontraditional alternatives in place of a traditional MBA or MA/MS in Management, while 17.4% feel such alternatives are of equal weight as a substitute or complement a formal or non-degree program. Also, in pursuing certain professional goals, many feel that the more contemporary education options offer nearly the same benefit.

original article URL: https://poetsandquants.com/2018/03/16/is-traditional-biz-ed-at-risk/

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