More Students May Be Able To Work Towards MBA Degrees
December 8, 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
Some of the nation's business schools are reportedly eyeing expansion plans due to ever-growing student interest in earning an MBA degree.
A recent survey by Kaplan found that more than half of business schools are considering increases in program size of up to 25 percent, according to Business Week magazine.
"It's a tough environment, but it might be a good time to apply since some schools are considering the strong demand for MBAs and thinking it might be worth increasing class size," Jennifer Kedrowski of Kaplan told the magazine.
Kedrowski told Business Week that the survey had been conducted in response to a previous finding where 75 percent of schools were reporting more competition for their MBA programs than existed three years ago.
A previous Kaplan survey found that worldwide, the number of students taking the Graduate Management Admission Test, which is required for most MBA students, rose 11.6 percent last year, according to the Arizona Republic.
Despite the increased opportunities nationwide for prospective MBA students, there are still some drawbacks to this trend. For example, one university official pointed out to Business Week that in a time of shrinking university endowments, more students can mean smaller financial aid packages.
Another official, Paul Danos of Dartmouth College, suggested that schools should be more cautious about their growth plans.
"If you are all of a sudden going to double your size or add students, you're bound to reduce quality," Danos said.
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Related Article Topics: Business News
