Paul L. Caron

Wednesday, January 29, 2020

WSJ: Johns Hopkins Reimagines The MBA

Wall Street Journal, Johns Hopkins University Reimagines the M.B.A.:

Johns Hopkins CareyJohns Hopkins University is blowing up its business-school curriculum.

Starting in the fall of 2020, the university’s traditional two-year master’s of business administration degree will take a hard turn toward health, with a particularly heavy focus on quant skills, from exposure to coding to data analysis, said Alexander Triantis, dean of the Carey Business School.

The move follows five straight years of declining applications to American M.B.A. programs, according to data from the nonprofit Graduate Management Admission Council, and a 14% drop in applications to Johns Hopkins over the same period.

Young professionals have questioned the wisdom of taking two years out of a hot job market to go back to graduate school, especially if it requires taking on a large debt load to do so. As a result, several U.S. business schools have opted to shut down their full-time M.B.A. programs in favor of shorter, specialized master’s and online degrees. Shutting down the Johns Hopkins M.B.A program wasn’t off the table, school officials said. ...

While students don’t need to be data scientists, they need to be able to supervise a team of them. ... , That means they have to understand what certain software and tools are capable of, what analyses can be done with them and then make solid decisions based on sifting through data.

More broadly, employers want to see an emphasis on science, technology and math skills in combination with softer skills like leadership that have been so in vogue in recent years.

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Logical strategy for a second tier MBA program (I didn't even know Hopkins offered an MBA program). The college name is tied to medicine, so the business school should play off that. If it doesn't pan out, they can always shut it down.

Posted by: PaulB | Jan 29, 2020 12:27:15 PM