We just wanted to share this article from the Financial Times about a survey of 1,000 mostly British prospective business school students that shows the MBA is quickly losing favor to faster and cheaper specialist graduate degrees. According to Carrington Crisp, the company that conducted the study, the portion of prospective b-school students who favored the specialist degrees increased from 48% just last year to roughly two thirds this year.
Let us start by clearly stating we have nothing against the specialist degrees that have really propagated these last several years. The fact they’re less expensive and can be finished more quickly are great too. However, we just want prospective applicants to understand these degrees aren’t often as versatile as the MBA. And with the highly dynamic economy, the additional versatility of the MBA degree, as well as its perceived versatility, may help its degree holders over the course of their careers as new opportunities emerge and they may need to fight any stereotype about being “pigeon holed” into a dying industry and/or role.