what is the future of the MBA? https://www.washingtonpost.com/education/2018/10/07/mba-enrollment-is-down-again-whats-future-degree/?noredirect=on&utm_term=.ddff13c77f22
more https://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/2018-11-05/what-fewer-applications-to-us-business-schools-means-for-mba-hopefuls
Why won't it be down, when everyone and their mother have an MBA? The market is oversaturated with MBAs.
Just six percent of Americans have a Master's degree, only a minority of which could possibly be MBA degrees, so it's probably possible to overstate the oversaturation.
I would agree if I lived in New York City, Dallas, Oklahoma City, Kansas City, Los Angeles, etc. However, a large portion of people who do not live in big cities do not have a masters degree let alone a MBA. Therefore, it is quite beneficial.
In a way, this highlights an idea that I've expressed several times recently. People can frequently use their qualifications/degrees to their benefit if they are willing to relocate. It may be true, for example, that there's a glut of Lawyers but maybe this glut is primarily in the biggest cities. Maybe you've got to go where the jobs are.
Exactly. I am 26 years old and have the opportunity to be a Vice President come April 2019 with the bank I work for thanks to my MBA. We have some people who have that title without an MBA but it took them 10+ years whereas I have been in banking for 1.5 years.
I am not disputing the benefits of an MBA but it's no longer as valuable as it used to be. Almost every school offers an MBA program. You'll find that people in several non business fields like law, medicine, education, etc., hold MBAs. I'm totally happy I pursued my MBA even though business wasn't really my forte at the college level. However, I was a business major in high school so I felt comfortable enough to pursue the MBA. Turns out today I teach business and criminal justice, 3 of the 4 courses I am teaching in the 2018-19 school year are business. My position requires a master's degree and I'm pretty sure my master's in criminal justice alone wouldn't have given me the edge over the other candidates.
Well used to they would dang near guarantee a high paying job whereas now they do not. Now one just has to work to differentiate themselves from others via certifications or another degree.
