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February 8, 2019
Topical news for the graduate management education community
While business schools ranked outside the top 20 are seeing a decline in applications, top programs hold 57% of the MBA enrollment market share this year, up from 41% in 1995, an analysis finds. Market share of MBA enrollment dipped during that period from 37% to 22% for schools ranked below the top 50.
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Abhinav Iyer, a member of the class of 2019 at Michigan State University's Eli Broad College of Business, says he was able to secure an internship and finally a position at Google by working with an alumnus mentor at the company. Google officials say the qualities they seek in MBA hires include the ability to learn quickly, someone who is a cultural fit and has good leadership skills.
Tulane University has created the first MBA degree in the US that blends business and sustainable real estate. The program is designed to teach students "to analyze the implications of technology, environmental changes and urbanization to better understand how political, ecological and cultural forces impact real estate development," said Casius Pealer, director of Sustainable Real Estate Development and Shane Professor of Practice at the Tulane School of Architecture.
Overall, MBA graduates, regardless of gender or race, can expect a 63% increase in salary after graduation, according to a recent study released by the Forte Foundation. However, women and people of color are still paid less than their white male counterparts and report lower job satisfaction.
Sen. Lamar Alexander, R-Tenn., is working with Sen. Patty Murray, D-Wash., and other members of the Senate Health, Education, Labor and Pensions Committee to reauthorize the Higher Education Act before the end of the year. Alexander has outlined priorities such as simplifying the Free Application for Federal Student Aid, creating more accountability for colleges and reforming federal student loans.
The White House has rescinded its appointment of Phil Rosenfelt, the US Education Department's deputy general counsel, to serve as the department's acting inspector general after congressional Democrats complained that the watchdog aspect of the job would be compromised. The move to replace Acting Inspector General Sandra Bruce comes after Bruce opened an investigation into the department's move to reinstate a controversial college accrediting agency.
More business schools are leveraging technology to offer new student experiences such as online and blended courses in real time, says Tim Mescon, vice president of the Association to Advance Collegiate Schools of Business. In this podcast, Mescon also notes that schools are revising their curricula to address changing values around sustainability and other issues.
New enrollment among international students at US graduate schools has declined for the second year, falling 1% between fall 2018 and fall 2017, mirroring a 1% drop the year before, according to the Council of Graduate Schools. The data show that while first-time enrollment in doctorate programs ticked up 3%, master's degree enrollment dropped 2%.