BUSINESS EDUCATION Past, Present & Future A Panel Presentation.

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Presentation transcript:

BUSINESS EDUCATION Past, Present & Future A Panel Presentation

Evolution from the Past US Dominance of Formal Business Higher Education University of Pennsylvania (Wharton) – 1881 University of Chicago Business School Amos Tuck School of Business (Dartmouth) – founded 1899 (Master of Science in Commerce). Harvard Business School – founded 1908, offered first MBA degree.

Review from the Past Non-US MBA Degrees – More recent University of Western Ontario – first non-US MBA degree – 1950 INSEAD – first European MBA degree – 1957.

The Past AACSB Established – 1916 The Search for Academic Respectability 1959 Epochal Studies (1) Carnegie Foundation Report (2) Ford Foundation Report

The More Recent Past The Recent Backlash Against (1) “ Excessive Emphasis on Academic Rigor ” and (2) “ Business Research Focus on Often Irrelevant or Trivial Topics ” The Financial Times The Economist

The Present – Program Diversity EXAMPLE RUTGERS UNIVERSITY (1) Two Undergraduate Programs on two campuses (2) MBA Program – Full-Time and Part- Time

The Present – Specialized Programs Specialized Graduate Degree Programs Master of Quantitative Finance (2 year program) Master of Accountancy (a) in Financial Accounting (b) in Governmental Accounting (c) in Taxation

The Present – Tailored Programs Masters in Information Technology PhD. In Management Program (different concentrations) Executive MBA Program

The Present – Global Programs & Alliances Rutgers International Executive MBA (a) in Beijing (b) in Shanghai (in partnership with Shanghai University) (c) in Singapore Programs under consideration in India Discussion under way for joint programs with a university in Taiwan ……..

The Present – Professional Masters degree Master of Business and Science (MBS) Degree This is a new program for scientists, combining 30 credits of graduate degree work in any science area, + 19 credits of business courses. Graduates have the hard science background plus general familiarity with business concepts.

The Future Online Programs This is the brave new frontier where technology has to blend with pedagogical values to enable knowledge transfer at the convenience of the students.

The Future - Online Programs The challenge is to deliver the online programs well enough to overcome the inherent problems of (a) integrity of the course credits given to individual students (b) maintaining sufficient rigor in the course (c) maintaining student motivation.