As most of us made a list of resolutions for 2013, it seems that the MBAs also decided to make some changes this year. Here’s a glimpse of what to expect if you are an MBA seeker in 2013..
Some Business Schools decided to change their curriculum to cram business fundamentals into the first few classes students take to better prepare them for internship interviews, and ultimately the internships themselves. On the other hand, the essay count is reduced, as the essay-writing seems to be considered an anachronistic and often irrelevant skill for the 25 or 27-year-olds applying for an MBA. The focus is now on interviews and some schools are opting for group interviews in order to evaluate the team-work skills of the potential students.
As a common direction we see across the industry nowadays, there is a general tendency of adapting the MBA programs in order to better reflect the behavior of Generation Y, which is, as specialists characterize it, with one foot in reality and one online. This is why some schools allow applicants to submit PowerPoint presentations, links to personal blogs or even videos rather than essays. Another important aspect would be that more and more applicants are encouraged to show their creative and artistic side and there is an accent put on communication and presentation skills, which are considered to be more important in the future.
Let’s take a look at the most prominent changes we see happening today:
1.Less focus on professional experience
When applying for an MBA, students were supposed to have several years of professional experience prior to continuing education. This issue was reconsidered because there are many students applying for an MBA while they are still in college as they are looking for a fast start in their careers. Today, many business schools are relaxing this requirement, and growing numbers of students are opting to complete their MBA before going to work.
Business and environmentalism do not have to fight each other, they can peacefully go hand in hand. As the green businesses are growing, business schools started to focus their attention on this issue in order to better prepare their students. A high interest has been noticed in approaching subjects like green energy, environmental studies, and corporate responsibility.
3. MBA 2.0
As most of our activity moved online for the last decade, MBA programs had to adapt and the number of online courses has significantly risen. The online MBAs are not longer considered inferior, since schools like Harvard, Yale and Stanford introduced this option.
4. Faster, Shorter
2 year MBA programs seem a little “old school”. The fast track and dual degree programs seem to be the mainstream in US, while internationally one year full-time programs became more and more popular.
5. Curricula update
Many MBA’s curricula experienced an “update”. Some schools offer lifetime access to enrichment courses for their graduates. Others are integrating multidisciplinary skills to foster greater creativity. The purpose is to turn out skilled leaders who are enthusiastic as well as prepared to meet the challenge of navigating modern business management.
These are just a few changes and trends that MBA programs are facing. These can be considered the top of the iceberg, as more improvements are to be done so that the schools will “catch up with the world around them”, as Derrick Bolton, MBA admissions director at Stanford, said.
Which of these changes you embrace? Share your views bellow.