A. What do you consider the most significant developments in MBA/management education and the international business school market as a whole this year?
Differences clearly exist among management schools, but it may be hard to see those differences at 50,000 feet, and the differences are less sharp than they were 20 years ago. Curricula have come fairly close together, and cultures are similar. The most recent trend in the industry is the executive or part-time MBA. MIT Sloan has resisted offering a part-time MBA because we continue to believe that full-time programs offer a richer and deeper experience. Attracting more foreign students has also been a trend at business schools but we have always had an international student population of 30-40% adding to the diversity and richness of the experience. A review of what is the right age for an MBA student has also been going on. Typically MBA students have been in their late twenties with several years work experience. Business schools are now doing more to attract younger applicants, with perhaps 1 or 2 years work experience.
B. What do you consider to be the most significant developments at your school this year?
We have launched a six-course minor in management aimed at MIT undergraduates majoring in Science and Engineering. It is already the most popular minor on the MIT campus. We believe this new curriculum will broaden their education in ways that will be very useful whether or not they go on to get an MBA.