A recent Wall Street Journal article noted declining enrollment in master’s in business administration programs at U.S. business schools in favor of shorter, more specialized master’s and online degrees. The waning popularity of full-time MBA programs touched off a debate over the value of the credential.
More than 300 people voiced opinions, among them current students, graduates, hiring managers and academics. They debated the benefits of online classes, the need for real-world experience before launching into an MBA and other issues. Among reasons for enrollment declines are a strong job market, rising tuition costs and burdensome student debt.
Nonetheless, many readers asserted that their MBAs had elevated their careers. They disagreed about whether online studies can compete with full-time, in-school class work. Some urged the inclusion of basic MBA coursework, such as how to read financial statements, earlier in academic studies, such as in high school.
The consensus from many of the commenters still in favor of the programs were that a traditional MBA route was great for people who need to build their professional network while learning more about industry, but that an online program can help those looking to simply to gain another credential. Read the full story.