A-What do you consider the most significant developments in MBA/management education and the international business school market as a whole this year?
A most significant development in the MBA market is the rebound in the number of applications to the prestige, full-time programs. I believe that the impact of the recession is history and evidence of this is that last summer was the strongest placement season in Tuck's history with mean total compensation going over $150,000 for the first time since 2001 and placement percentages of over 95%. There is continuing strong growth in demand for MBA graduates of top programs in all sectors with particularly high demand in global consultancies and financial services firms.
I believe that the great full-time programs offer superior learning experiences and unparalleled career opportunities. Of late, the media has emphasized the growth in part-time programs, but this does not mean that the full-time programs are no longer in favor. It should be known that a large percentage of the new offerings are from unaccredited organizations that do not have university affiliations and with mostly part-time instructors.
Therefore, there will continue to be among highly qualified applicants a "flight to quality" with the top-rated full-time programs reaping most of gains in the form of more high-quality applicants.