MBA glut forces school to university
|
|
MBA glut forces school to university THE Australian Graduate School of Management, one of the countrys few globally ranked business schools, will cease to be a stand-alone institution as it battles an oversupplied market for business education. AGSM, owned by the University of NSW, would become part of the UNSWs faculty of commerce and economics to give business education a new scale and specialisation, vice-chancellor Fred Hilmer said yesterday. Were going to be able to extend the AGSM brand with faculty depth that an AGSM standing on its own would not have, Mr Hilmer, an ex-dean of the business school, told The Australian. The decision followed last years exit from an AGSM joint venture by the Sydney University, amid reports of fierce competition in an oversupplied market for MBAs and a history of poor finances at AGSM. John Seybolt, dean of the Melbourne Business School, chief rival to AGSM, said the Hilmer strategy could be a viable one for them but the No1 issue was whether the merger would weaken the AGSM brand. He said the merger would be seen as defensive simply because it followed the bad news of Sydney Universitys exodus and AGSMs history of financial losses. |