BUSINESS EDUCATION
Past, Present & Future
A Panel Presentation
Evolution from the Past
US Dominance of Formal Business Higher
Education
 University of Pennsylvania (Wharton) – 1881
 University of Chicago Business School - 1989
 Amos Tuck School of Business (Dartmouth)
– founded 1899 (Master of Science in
Commerce).
 Harvard Business School – founded 1908,
offered first MBA degree.
Review from the Past
Non-US MBA Degrees – More recent
 University of Western Ontario – first
non-US MBA degree – 1950
 INSEAD – first European MBA degree –
1957.
The Past

AACSB Established – 1916
The Search for Academic Respectability
 1959 Epochal Studies
(1) Carnegie Foundation Report
(2) Ford Foundation Report
The More Recent Past
The Recent Backlash Against
(1) “Excessive Emphasis on Academic
Rigor” and
(2)
“Business Research Focus on Often
Irrelevant or Trivial Topics”
The Financial Times
The Economist

The Present
– Program Diversity
EXAMPLE

RUTGERS UNIVERSITY
(1) Two Undergraduate Programs on two
campuses
(2) MBA Program –Full-Time and PartTime
The Present
– Specialized Programs
Specialized Graduate Degree Programs

Master of Quantitative Finance (2
year program)

Master of Accountancy
(a) in Financial Accounting

(b) in Governmental Accounting

(c) in Taxation
The Present
– Tailored Programs



Masters in Information Technology
PhD. In Management Program
(different concentrations)
Executive MBA Program
The Present
– Global Programs & Alliances



Rutgers International Executive MBA
(a) in Beijing
(b) in Shanghai
(in partnership with Shanghai University)
(c) in Singapore
Programs under consideration in India
Discussion under way for joint programs
with a university in Taiwan……..
The Present
– Professional Masters degree
Master of Business and Science
(MBS) Degree
This is a new program for scientists,
combining 30 credits of graduate degree work
in any science area,
 + 19 credits of business courses.
Graduates have the hard science background
plus general familiarity with business
concepts.

The Future

Online Programs
This is the brave new frontier where
technology has to blend with
pedagogical values to enable knowledge
transfer at the convenience of the
students.
The Future
- Online Programs
The challenge is to deliver the online
programs well enough to overcome the
inherent problems of
(a) integrity of the course credits given
to individual students
(b) maintaining sufficient rigor in the
course
(c) maintaining student motivation.