December 3, 2023

As MBAs decline, U of Miami shifts to specialization

Author: Ray Schroeder
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By Natalie Schwartz, Education Dive
Applications to MBA programs have slid downward for the fourth straight year — a trend from which not even elite institutions have been immune. In fact, more than two-thirds (70%) of two-year, full-time MBA programs saw a drop in applications in 2018, including heavy-hitters like Harvard, Wharton and Stanford. Experts offer several explanations for the waning interest in the degree, including a strong job market, declining international enrollment, and students growing wary of high tuition and loan payments. Amid these circumstances, some colleges have been shutting down their MBA programs entirely, citing low demand. Yet others have been able to buck the trend. At the University of Miami’s business school, MBA enrollment grew 12% last year, and officials note a rising interest in its specialist master’s programs.

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