Wednesday, August 1, 2012

Tinker, Tailor: MBA Curriculum Change Modest at Best

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MBA Express

Aug 1, 2012

This Week's Top Story

This Week's Top Story - Tinker, Tailor: MBA Curriculum Change Modest at Best

Tinker, Tailor: MBA Curriculum Change Modest at Best

A new study finds that headline-making B-school curriculum overhauls like those at Harvard and Wharton are a rarity

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This week in MBA Express

Dear Reader:

The economic world has been through a lot in the last few years, and many of its basic underlying assumptions have been both shaken and stirred. So you would expect that the institutions charged with creating the next generation of corporate leaders, particularly those destined for careers in banking, would be tearing up the playbook and starting from scratch. But as Alison Damast reports, they're not.

Three years ago, they were, but to view that as a response to the global economic crisis is wishful thinking at best-most of changes made to the core curricula in the immediate aftermath of the crisis were begun long before Lehman fell. In the last few years, they fiddled with electives and concentrations but left the core alone. While some programs have incorporated new classes on corporate responsibility and such, as far as the basic DNA of the MBA is concerned, it's almost as if the crisis never happened.

Should we be troubled by this? You don't want the B-school curriculum changing with every fad and fancy, but it should be nimble enough to respond to major global economic events. Otherwise, business schools will end up training the next generation of leaders in the exact same way they trained the last one, with the same disastrous consequences.

Louis Lavelle, Business Schools Editor, Bloomberg Businessweek

Louis Lavelle

Louis Lavelle
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