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 career expectations of MBAs largely match reality post-graduation, according to a new survey. The results of the global survey, conducted by media agency Advent Group, reveal that 66% of respondents believe their MBA degree is the reason they have landed higher-paying jobs and beneficial opportunities. In addition, 60% are currently employed in mid- or senior-level management jobs. “[This number] encapsulates the MBA degree’s principal idea of elevating one’s career to a managerial level,” Advent Group’s candidate management director, Kalin Yanev, commented to The Independent.
- The landscape of business schools is rapidly evolving, the Financial Times reports. Geoffrey Garrett, dean of the Wharton School of the University of Pennsylvania, noted in the article that alternative investment positions are gaining more interest, as students find themselves drifting away from more traditional finance jobs. In addition, Columbia Business School’s dean, Glenn Hubbard, believes the price of business school is discouraging for most prospective MBAs and that schools must adapt to students’ changing needs, saying: “We can’t expect to raise [tuition costs] at the rate we have been doing unless we provide service.”
- La Salle University, a small Catholic school located in Philadelphia, Pennsylvania, is hoping to gain recognition in the business school world with the recent completion of a $35M building for its School of Business. The building, which encompasses 87,000 square feet of classrooms, faculty spaces, and lounge areas, opened earlier this month.