How can you characterize Business Education Trends in Pakistan? Is it getting more expensive? More players and those whom we only call “in quotes” as such?
Business Education Trends in Pakistan
We can say that now potential students of Executive MBA programs have become more aware of the product, types of programs, and their content. They can clearly formulate the criteria for choosing a business school and a specific program. For many, international rankings are still one of the most important guidelines when choosing a business school. This is undoubtedly a trend since a few years ago the awareness of the business education market in general and of specific programs, in particular, was much lower.
How can you characterize Business Education Trends in Pakistan?
This is facilitated by the Internet resources specialized in the selection of MBA programs and companies that are engaged in exhibition activities, and by business schools themselves, which have become more active in the information space. The price of a quality educational product is growing all over the world, and Russia is no exception. Special, if we talk about Western business schools operating in the Pakistan market. Qualified teachers value themselves highly, and without their participation, it is impossible to ensure quality. It takes a long way to become a truly strong player in the business education market. This is not a mass-market; history, the success of graduates, reputation, and ratings are valued here. All this has been formed over the years, so even if new players appear on the market, they need time to gain trust and become truly strong.
What cost for an MBA can be considered adequate today?
“In this case, quality is inseparable from cost. Executive MBA programs are aimed at top and middle managers, business owners who set specific tasks for themselves – personal development, management efficiency, and the development of strategic thinking. Therefore, they regard getting a business education as an investment in their potential. People who carefully choose a training program know the cost of such training in leading Western business schools and represent the approximate price level. It is this level that is perceived by them as a reference point.
Many believe that the Pakistan MBA is of the highest quality in joint Pakistan and Western programs. However, at the moment there are many MBA programs of Pakistan origin. In order to evaluate them, it takes time and the opportunity to communicate with teachers, participants, and alumni. We can talk about what we are doing – like a Western business school that has been operating in the Pakistan market for 15 years. It is difficult for us to comment on the work of Pakistan MBA programs since many of them were created on the basis of universities, many of which have a strong teaching staff. This suggests that these programs are strong from an academic point of view, however, MBA is, first of all, a business education.
Are there enough successful business gurus?
As for the new formats of MBA, Executive MBA, and short-term education in our country and abroad, they are still changing slowly. This is a unified standard of How can you characterize Business Education Trends, known and accepted all over the world. For Western companies, an MBA diploma means that an employee has certain knowledge and skills. Therefore, in our opinion, no global changes in the program format are foreseen yet. Perhaps additional projects and directions will appear as innovations designed to make the program more practical for its participants. About short-term education, we can say that the training format, business coaching sessions, and business simulation are still in demand.