The University of Iowa Tippie College of Business has accepted its last class of full-time MBA students for at least the foreseeable future as the school has announced it will be closing its full-time MBA program to allow it to focus more resources on its part-time and specialized master’s programs. (Tippie was adamant that it has NO plans of exiting the MBA market altogether.)
We’re not overly surprised by this. The “second tier” of business schools that aren’t located near a major metropolitan area have been facing extremely tough competitive pressures between the crunch of the top b-schools and the for profits for quite some time. (Tippie cited enrollment that has dropped from 140 in 2010 to just 53 matriculating this fall.) Combine this with the increased interest in part-time programs and specialized masters degrees and the move makes perfect sense to us.