The business school world is constantly buzzing with change and innovation. Each week, in addition to our regular news posts, we briefly touch on a few notable stories from this dynamic field in one roundup. Here is what caught our eye this week:
- The MBAs of 2035 or 2040 might still be kids today—but not all of them should have to wait to pursue a business education, one professor says. Mark Watson-Gandy, an insolvency lawyer based in the United Kingdom, has launched an MBA aimed at children ages 12 to 15. Watson-Gandy told Forbes that he founded Kids MBA Ltd to help his students understand the “skills and knowledge they will need in real life.” He explained that he believes budgeting, marketing, and account keeping are vital skills for children to learn. The lessons will incorporate such learning techniques as role play, games, and discussions.
- Is the time-consuming nature of business school making you hesitant to apply? If so, perhaps consider a self-paced program instead of a traditional one. Such schools as the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill offer this option, which often allows students to work full time while pursuing their degree, in addition to offering more flexibility in course selection. According to U.S. News & World Report, self-paced MBA programs are slowly gaining popularity: 37% of such programs recently saw an increase in applications.
- Millennials are currently at what is largely considered a fitting age for pursuing both an MBA and entrepreneurship. But is the former necessary to pursue the latter? Author Kallen Diggs explored this question in a recent Huffington Post blog post, noting that while some believe entrepreneurship cannot be truly learned inside a classroom, others claim having a business degree can help with such aspects as building confidence in oneself. Diggs quotes Wharton MBA and co-founder of Internet marketing service Curalate, Apu Gupta: “I have always found it odd that people go to business school to study entrepreneurship. If you want to study entrepreneurship, you need to go and be an entrepreneur.”