The Graduate Management Admission Council released findings which show that the number of applicants to US business schools declined by 7% in 2018. Most of that drop comes from international applications which showed a 10.5% shrinkage. Domestic applications also dropped, but by only 1.8%.
Making up the slack are Canadian and European business programs, which showed strong growth from international students.
Among the schools facing a smaller number of applicants are such top MBA programs as Wharton and Harvard, a reflection that young professionals are hesitant to leave their jobs to go back to school.
The steep downturn in international applications is most likely due to the more stringent visa requirements for foreign students to enter the US on student, or any other kind, of visa. In contrast business schools in Europe, Canada and Asia Pacific all had sizable growth in their number of MBA applicants.
“Demand for graduate management education is stable year over year,” said Sangeet Chowfla, GMAC president and CEO. “However, there are significant regional variations. Non-U.S. programs continue to thrive, highlighting the continued emergence of enhanced educational and professional opportunities outside the United States.”
The trend is not only caused by “a disruptive American political environment,” but also by the growth of excellent MBA programs outside the borders of the USA. Non-US citizens are more often looking into educational and professional opportunities outside the USA.
This coming fall men and women will make up the student body of the incoming class in close to equal numbers at the University of Southern California’s Marshall Business School. It is the first time such a highly-ranked business school in the US can claim gender parity in its full-time MBA program. The milestone was achieved this year with a 20% jump in the number of women enrolled, from 32% last year to 52% this coming year.
“We know industry is looking for more women for leadership-level positions, so it will give us a chance to satisfy those needs from our employers,” said Dean James G. Ellis. He added that the gender gap in business runs “from boards to senior leadership down to entry level.”
Presently, many of the nation’s primary business schools favor men by about 20%, with women making up 40% while men are represented by 60% enrollment.
Ellis explained the several factors that contributed to USC made the jump to parity in just one year.
“The quality of the pool was strong, and the yield was good. A lot of our students were helping with recruiting,” he said. The school also had “positive reputational stuff” combined with a large climb in MBA rankings, which also helped. US News ranked USC as the 20th top business school in 2018, up from 31st in 2016.
According to global non-profit Catalyst, gender parity at the highest levels of business is few and far between. Women make up about 54% of the labor force among the S&P’s top 500 companies in the financial services sector, but they constitute only 29% of the executive and senior-level manager positions. Women only occupy 2% of the CEO positions. The tech world has similar figures.
Around the world business schools are struggling to improve gender diversity, hoping that these efforts will translate to more women in positions of power and influence when they graduate. Some of the methods used to encourage women to come to MBA programs are scholarships and executive coaching for women, to yearly gender diversity seminars.
Despite the fact that climate change has enormous economic consequences, only a handful of US business schools which allow students to focus their studies on sustainability.
Recent closures of facilities owned by Nestle and Coca-Cola, as well as an imminent coffee shortages on the horizon, which will disrupt companies like Starbucks, has still not sent the message to business schools that climate change is an issue that needs addressing by the business community.
Climate change affects every resource used by business: agriculture, water, land, energy, and workers and the economy. No business will be immune from the transformation caused by climate change. Some observers believe that without radical change in our business models climate change will lead to disastrous consequences.
The scientific consensus is that the best way to avoid disaster is to keep the average global temperature increase to only 2 degrees Celsius. In order to reach this goal emissions of greenhouse gases need to be limited to 1 trillion metric tons which will mean a 49 to 72 percent reduction globally from 2010 levels.
Clearly business needs to take a leading role in the reduction of gases that contribute to climate change, but the schools that are educating our future entrepreneurs and business leaders are not taking the issue seriously enough.
One study looked at 51 schools out of the hundreds in the country. It found that when a sustainable business course is offered, it is usually just an elective. Just a few business schools offer minors, majors, certificates or graduate degrees in sustainability business and /or management.
The 51 schools that were chosen for the study are leaders in the study of sustainability. The vast majority of schools do not offer any kind of coursework on the subject. The study showed that even the best schools for sustainability are doing a bad job preparing students for the future that is coming.
Surprisingly, the most expensive school in the country is in Claremont, California. Harvey Mudd College will set a student back $69,717 just for one year of learning. The breakdown is $52,666 is the tuition plus fees, while room and board will come to $17,051 for the year.
Number 25 on the list of 50 schools is Johns Hopkins University in Baltimore, Maryland. Tuition is $50,910 for the year with an additional $14,976 for tuition. Grand total: $65,886.
The last on the list of 50 is still not cheap, by any stretch of the imagination. Brown University in Providence, Rhode Island is a bargain (not!) with tuition and fees adding up to $51,366 and room and board adding an additional $13,200.
Not everyone needs to go to such expensive colleges. There are choices with lower tuition, such as Brigham Young University in Provo, Utah. With over 30,000 students it is the largest school with the least tuition: $5,300 for the school year 2016-17.
If you are inclined towards a small college in a rural area, Blue Mountain College is in Blue Mountain, Mississippi. With a campus size of 190 acres and only 457 undergrads, it might be a good choice, especially with tuition running only at $10,534 for the academic year 2016-17.
It’s no surprise to the people at the Maxwell School of Citizenship and Public Affairs at Syracuse University that their alumni are making it in the news and in political discourse around the world. Maxwell is one of the 12 schools and colleges of Syracuse University and is home to interdisciplinary teaching and research in the social sciences, public policy, public administration and international relations. They have undergraduate programs, master’s programs and PhD programs. Here, we feature three such alumni and the work that they are doing.
Emily Newman, with a MPA from Maxwell, was recently named to City and State magazine’s “40 Under 40 Rising Stars” for the work that she is doing as first deputy commissioner in the NYC Department of Citywide Administrative Services. This is an award given to individuals who work in NYC government, advocacy, media and related areas of expertise.
Sonya Reines-Djivanides, who works in Brussels, Belgium, received a Master of Arts in International Relations from the Maxwell School at Syracuse University. Today, she is the executive director of the European Peacebuilding Liaison Office (EPLO). This is an independent platform of NGOs and think tanks that work to prevent violent conflicts. Prior to this, she was the chair of the EPLO’s steering committee and the director of the Brussels Headquarters of Search for Common Ground.
Another woman, Sheridan Marfil, graduated from the Maxwell School with a Bachelor’s Degree in International Relations. She is now the director of digital outreach at Subject Matter. This is a public relations and communications company based out of Washington D.C. They have a particular focus in public affairs and they pair legislative and policy expertise with their advertising, digital, content and media abilities. She manages the digital strategies and conducts the digital outreach efforts.
These are three of the hundreds of examples of Maxwell alumni who are making great strides in the world of public policy, public administration and beyond.