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Penn State Smeal College of Business Transforms Resident MBA Program

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University Park, Pennsylvania — Smell University of Pennsylvania announced today (August 22) its intention to make changes to its full-time resident master’s degree in business administration. It strategically focuses on lifelong learning.

According to Charles Whiteman, John, and Karen Arnold Dean, starting in the fall of 2023, the university will transition from a two-year resident MBA to a one-year MBA with a STEM credential for early-career professionals. It replaces his one-year Master’s Degree in Management and Organizational Leadership and represents the latest move in his decade-long transformation of specialized graduate programs to meet changing student needs and preferences. Other recent changes include the addition of an Executive PhD in Business Administration, a new Master’s degree in Accounting Analysis, and a redesign of Philadelphia’s Executive MBA.

“We have long believed that it is time to think differently about graduate business education in America,” says Whiteman. We look forward to learning new skills within a curriculum that can be customized to meet the specific needs of each life stage.”

Whiteman cites Smeal’s portfolio of flexible and integrated graduate programs as evidence of the university’s leadership in lifelong learning. Smeal currently offers three forms of MBA (Penn State World Campus; an online MBA in partnership with Penn State’s Behrend, Harrisburg, and Great Valley campuses; an Executive MBA in Philadelphia; and a one-year MBA for early-career professionals. MBA). New PhD in Business Administration, 14 Online and Resident Specialized Masters Degrees, and 14 Online Certificates. Her STEM certification in her one-year MBA strengthens her Smeal’s ability to attract outstanding and talented national and international students, especially those seeking management positions in information technology, architecture, engineering and related fields. increase.

“We recognize that there is no one size fits all when it comes to students’ evolving needs,” says Whiteman. “Over the past decade, Smeal has built one of the largest and most robust professional graduate business portfolios in the country, providing study options for working professionals across all career stages and life circumstances. As the number of enrollments in the one-year professional master’s degree in business continues to grow, this transition will provide Penn State students with a new, customized degree program to help them achieve their educational and career goals. You can get the chance.”

Future of MBA

More than half (54%) of the top 50 full-time U.S. MBA programs, ranked by U.S. News and World Report, report a year-on-year decline in domestic applications in 2021, according to the Graduate Management Admission Council doing. Among programs ranked 51st and below, 7 in 10 (69%) reported a decrease in national filings compared to the previous year.

“Over the years, the number of students interested in joining full-time, two-year residency programs has steadily declined, while other, more flexible study options have sprung up across the country,” Whiteman said. said Mr. He noted that the University of Iowa, the University of Illinois, and Wake He Forest College have closed his two-year resident MBA programs in the last five years.

“At Smeal, we have carefully evaluated our programs over several years and arrived at a solution that leverages the strengths of our integrated professional graduate portfolio. We’ve made some positive decisions,” Whiteman continued.

Initially, Smeal will offer two sections of the early-career one-year MBA program, each consisting of 55-60 students. Fall 2022 will be the final entry period for the two-year Resident MBA program, and Fall 2023 will be the first time her one-year MBA program for new early careers will be offered.