Over the past few years, Wayne State has offered courses in a variety of lengths and formats, from four-week classes to weekend classes, and asynchronous, synchronous, hybrid, and face-to-face formats. Most MBA students are part time, so the university has worked to offer a variety of schedules to accommodate working students.
“I don’t see a world where face-to-face meetings will never happen, and I think MBA programs need to prepare future managers and leaders to work with employees and deans and customers and stakeholders face-to-face as well as in a digital environment,” said Stoltman.
Michigan Ross now accepts academic readiness statements in lieu of standardized test scores, Killaly said, and faculty monitor student performance to gauge the need for test requirements.
Detroit Mercy cut graduate-level tuition in half just before the pandemic, making it the same or more affordable as a public university, Joseph Eisenhauer, dean of the faculty of business administration told Crain’s. This year’s MBA tuition is about $28,050 at $850 per credit hour on 33-credit terms, the dean said, on par with other universities in the region, according to Crain data.
Enrollment in the Detroit Mercy graduate-level business administration program surged in fall 2020 at 148 students before dropping last year to 111 students. Most students are enrolled part time.
Michigan Ross’s “historic anchor” has become a two-year full-time MBA program, Killaly said. However, schools have increased learning options, even beyond the MBA to meet the needs of students where they are.
Business education also leads to micro-credentials, where students choose smaller sets of learning modules to acquire different skill combinations, rather than relying on a multi-year curriculum.
“Business language is mostly available online, just like any other language,” Stoltman said. However, what sets college programs apart is the interaction with peers and faculty.
Killaly says the expansion of microcredentials is complementary to the growth of degree programs rather than competing, as each program aims to meet student needs.
“We see it as another opportunity,” Killaly said, adding that business registrations at Michigan Ross were not disrupted as a result of the increase in micro-credential options.