Rethinking the MBA

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The ChangingMBA Marketplace

AT FIRST GLANCE, the marketplace for graduate management training looks strikingly healthy. Applications and enrollments continue to rise, tuition and fees continue their steady march upward, and the number of programs continues to expand. At the same time, however, there are a number of disturbing signs suggesting that the MBA degree—especially in its traditional full-time, two-year form—is at a crossroads.

The Golden Passport

First, the good news. For many years, a wide range of indicators have been positive. In the United States, graduate management training has long been regarded as a “golden passport” for many jobs, the ticket of entry to prestigious, high-profile positions. Whether the job is CEO of a large, ...