As a Wharton MBA, you have joined the first collegiate business school and a larger rank of professional business students globally. Who else is in the club? What is the MBA presence in the world? What does the MBA education industry encompass?
In recent years, the MBA degree has faced criticism from scholars and the press questioning its value, partially based on the number of MBAs that graduate each year. The Atlantic published an article titled “There Are Officially Too Many MBAs” , and the Financial Times asked the question “Is an MBA worth the cost?”.
Beyond the number of MBA programs available, changing technology also has the potential to disrupt the MBA industry. Wharton’s own Christian Terwiesch and Karl Ulrich looked at the impact of MOOCs (Massively Open Online Courses) and specifically “SuperText” technology on the MBA degree and broader higher education in their report “Will Video Kill the Classroom Star? The Threat and Opportunity of Massively Open Online courses for Full-Time MBA Programs”.
If you are looking to further understand the MBA industry, we have some recommendations to guide you.
The GMAC, which administers the GMAT, provides statistics through their research library on topics such as GMAT test taker demographics, admission and application trends, degrees by program type and more.
The National Center for Education Statistics (NCES) contains numbers about degrees conferred, including the Degrees in Business conferred by post-secondary institutions by level of degree and sex of student from 1955-1956 to 2011-2012.
The Association to Advance Collegiate Schools of Business (AACSB), by which Wharton is accredited, contains Business School Data Trends, a booklet that summarizes program trends, and the Research & Data section of their website will point you to statistics in the following categories: AACSB International Membership, Administrative Personnel, Collaborations, Enrollment, Business School Faculty, Finances and Business Degree Programs
BizEd is the AACSB’s trade journal, and it can be accessed through the library’s subscription to EBSCO’s Academic Search Premier database. This journal covers trends in the field of management education.
The Penn Libraries also have a subscription to Business Education & Accreditation, an academic journal in the field of business education.
In Business Source Complete, another EBSCO database, you can search for masters of business administration in SU Subject Terms (from the dropdown) to retrieve a wide variety of articles about MBAs. Using the filters on the left side of the page, you can further limit your results.
For Wharton specific information, you will find statistics on various Wharton websites. For example: MBA Career Management publishes employment statistics and Wharton Admissions publishes a class profile.
If you find yourself wanting to know more about the MBA industry while you are at Wharton, you can contact us at Lippincott Library for additional suggestions!