Public MBA Schools Doing Well In Poor Economy
June 30, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
While the poor world economy has caused cutbacks in just about every business and institution worldwide, public MBA schools have been weathering the storm better than their private counterparts, according to a report in the Financial Times.
It is the private business schools, which are heavily dependent on endowments for their budgets, that have been hit particularly hard by the recession.
"The unexpected severity of the declines in their endowments has caught [private business schools] off stride," John Nelson, managing director of the higher education team at the Moody's rating agency, told the Times. "They haven't had time to plan and they're scrambling now to make cuts."
According to Nelson, what this has done is open up the door for public institutions to show off the quality of their MBA programs and attract more connections with industry, better teachers, and talented and driven students looking for a quality MBA degree.
According to admissions officials, applicants to public MBA schools have had higher grade point averages and richer work experience than previously.
With public MBA schools offering a quality education for a reasonable price, it may be the ideal time to start looking into pursuing an MBA degree.
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Related Article Topics: Business News
