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Axing the MBA

One of the most significant announcements on the college and university front was the University of Wisconsin’s announcement last week that it is…

Anthony LoPinto

One of the most significant announcements on the college and university front was the University of Wisconsin’s announcement last week that it is seriously considering shuttering its MBA program and replace the venerable degree with shorter, more specialized degrees.  Wisconsin was founded in 1900 and is one of oldest business schools that ranks among the top public-university business programs. This is on the heels of the University of Iowa’s decision to end its MBA program in August.  The Wall Street Journal picked up on the news and indicated that the backdrop behind the this potential trend is, on one level, cost.

Employers are increasingly shying away from reimbursing the cost of an MBA, and at the same time student loans have ballooned. The Ivys continue to attract applicants, but schools outside of the top-tier programs are finding it harder to maintain interest in their MBA degree, and the programs are loss leaders.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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