MBA programs boost fall classes, as more people take break to retool

Here's today's story on what's happening with area MBA programs.

And here's some scoop on the University of Texas at Dallas' MBA program, which we missed: Lisa Shatz, director of the full-time MBA program, says enrollment is up 25 percent for the fall class, and applications were up more than 50 percent.

Beyond the broader factors (economy) driving graduate enrollments up, Shatz attributes UT-Dallas' increase in applications to the School of Management's No. 49 ranking behind No. 47 SMU in the U.S. News & World Report best business schools ratings, and the school's total program cost of less than $25,000.

- Scott Nishimura, jobs and workplace reporter, Star-Telegram

Comments

[Mike Coffey]

Great job, Scott.

A few thoughts in response to your final question about whether the MBA is worth the cost:

If an individual plans to change jobs with some frequency (as was the trend prior to the recession), then the MBA may give them an edge over a competing job seeker, all other circumstances being equal.

I think that the advent of executive MBAs and similar programs that facilitate earning advanced degrees have flooded the market with MBA grads and diluted the distinguishing value of the MBA. Most employers recognize that experience and demonstrated competency are better better payroll investments.

In fact, I'd suggest that folks considering an MBA for advancement in their current field consider attending Texas Weslyan's law program instead. It is a more impressive credential and isn't that much more expensive to obtain.

Also, smart companies' compensation plans have evolved beyond paying for credentials. Value is recognized as what you can do for them as demonstrated by what you've done in the past. The MBA may pay off *after* you've landed the job and demonstrate that you can apply what you've learned.

--COFFEY
Mike Coffey
Imperative Information Group
http://www.imperativeinfo.com

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