The MBA dilemma – business schools in Canada are suffering

By qqtqtqt etqt

As a CEO of a successful company, how often do you rely on your MBA? Sure, obtaining an MBA is impressive for various reasons, but when it comes to these advancement business programs, there seems to be a recent and common trend: a decline in enrollment.

RECENT TOPIC: Is it time to move on? Signs you may need to leave the world of business

Following the economic crisis that hit all over the world, applicants from Canadian students wanting or hoping to attend business school greatly declined. Therefore, universities across the country are now taking on new agendas when approaching MBA courses. For example, some are cutting their class sizes, while others are increasing their enrollment of overseas students to hopefully assist with various costs. As a result, both potential students and CEOs may be inclined to change their agendas.

RECET TOPIC: Small businesses in Canada get tax cut

MBA programs are trying to get students interested with short degrees, novel programs, foreign travel opportunities and new buildings. However, a luring questions still arises at the mention of MBA programs: does a higher and more expensive education guarantee job placement?

RECENT TOPIC: Travel much? Three business accessories every CEO needs

Not only is job placement a (major) issue, but students have also been pickier when it comes to choosing which business school they attend. More so than before, students are choosing schools or programs were recent graduates had a high success rate of not only finding a job, but a good job that pays wells.

RECENT TOPIC: From Hollywood to Hamilton: Five big projects coming to Canada

Some employers seem to be making changes, too. For example, specific companies that once required an MBA for hire or advancement are making slight changes. Now, various in-house programs develop new talent through their own rules, in which new hires will spend three years at a lower-tier analyst’s category before moving into associate level jobs.

RECENT TOPIC: Tips to help make your job more enjoyable

At the end of the day, it’s important for both CEOs and new graduates to do their homework. Of course, it’s vital to hire the best applicant for the job, which could mean looking at the various MBA programs in the country and seeing who has the skills and knowledge to fit the specific role of the company.

In the same respect, those who are considering attending MBA programs need to make sure that they are getting the most for their time and money. Therefore, it’s necessary to do some research and see which schools have successful hiring rates.

Let's Connect!

 

Read the latest edition of Business Review Canada!

 

Share

Featured Articles

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI

People Moves: Pinterest, Amazon, DocuSign, KFC, Walmart Ca.

Leadership & Strategy