The dean of Berkeley’s Hass School of Business says half of the business schools in America could be out of business in 10 years or less, reports Bloomberg.
The threat? Online MBA courses. Dean Richard Lyons says online business degrees will hurt schools’ business models. In-person business schools depend on part-time students for much of their revenues. But as working professionals can get credible credentials online, they’re less likely to commute to classrooms in their off hours, Bloomberg reports.
While the Harvard Business School and other elite names may be safe, other less-recognized schools will be the first to suffer.
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