In 2022, what MBA trends will shape business education? Will business schools be able to perfect hybrid education? Will the next generation of MBA students assist in the resolution of present issues? What's the future of business education?
Last year, experts anticipated that higher education would see trends such as a greater demand for responsible leaders, a bigger drive for diversity, and the normalization of covid disruption. What are the new trends in business studies to watch in 2022?
For the 2022 Global MBA edition, experts from the Financial Times' business education rankings team analysed data from surveys, indicating the changing profile of students and MBA trends. Alumni were questioned about their motivations for pursuing an MBA, the best and worst business schools to attend, and their employment choices and salary changes following graduation.
The Changes
Let's talk about MBA trends or new trends in business studies. You can see how the alumni profile has changed over time, with more alumni from Asia-Pacific, more women, and a significant drop in those pursuing careers in finance and banking. We also examine business schools' sustainability activities and goals for achieving net-zero emissions.
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Following the trend of the previous two years, personal and managerial development are among the primary reasons surveyed alumni stated for pursuing their MBAs. It was less crucial for them to start their own businesses.
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The disciplines that alumni say are well-taught are general management, corporate strategy, entrepreneurship, organizational behaviour, and finance. The teaching of statistics and quantitative approaches, according to graduates, has to be improved.
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The percentage of Asian-Pacific alumni who attended schools that participated in the ranking process has surpassed North American alumni.
In recent years, technology has revolutionized virtually every industry, including business. With the rise of big data and cloud computing, companies are looking for someone experienced with data or digital analytics to help them turn all of the data available today into something useful.
Additional modules that provide a broader perspective on business are becoming more common. On the other hand, more specialized MBAs are designed to develop the next generation of leaders, managers, or experts in a single field, such as healthcare, entrepreneurship, or accounting. These are great for working people who want to improve their skills and develop leadership traits in their sector.
Also read: Getting an MBA in Ireland