UK business school leaders predict closures and mergers

More than half of business school representatives believe that growing competition in 바카라사이트 sector will lead to closures or mergers in 바카라사이트 UK.

A report from 바카라사이트 Chartered Association of Business Schools says that UK business schools face an ¡°increasingly sophisticated and diverse set of competitors¡±, as 바카라사이트 international business school market improves, online providers offer cheaper study options, alternative providers at home expand into 바카라사이트 market and political decisions affect 바카라사이트 choices of students.

For its report,?,?Cabs surveyed its members¡¯ deans and senior managers and found that many believe 바카라사이트 impact could be ¡°dramatic¡± for some institutions. The survey showed that 61 per cent of respondents agreed that 바카라사이트 growing number of alternative and international providers entering 바카라사이트 marketplace was ¡°likely to lead to closure or mergers of existing UK business schools¡±.

The survey showed that few UK business school leaders see recruiting international students as less of an opportunity for growth in 바카라사이트 future. Only about 30 per cent of respondents saw postgraduate international recruitment as a future opportunity, with 25 per cent seeing promise in undergraduate expansion.

The report says that numbers of undergraduate non-European Union international students studying business in 바카라사이트 UK have stayed steady around 44,000 in 바카라사이트 last few years. Although postgraduate numbers increased by 8.9 per cent last year to 54,865, this was still less than 바카라사이트 59,170 studying in 2011-12.

UK schools¡¯ ability to attract more international students will be affected by 바카라사이트 growing competition from Australia, Canada, and across Europe in particular, 바카라사이트 report says. Latin America was also making ¡°steady inroads¡± with well-funded and staffed institutions and 바카라사이트 increasing quality of Chinese business schools was also likely to affect UK recruitment of Chinese students, it says.

¡°If it was just one driver of change, even if that driver was Brexit, 바카라사이트 changes required might be manageable, but when 바카라사이트 change comes from international competition, government policy, technological transformation, new employer requirements and shifting demographics, 바카라사이트 complexity of change becomes almost unmanageable,¡± 바카라사이트 report says.

The total number in undergraduate and postgraduate students at UK business schools has been in decline since 2011-12, but had begun to recover in 바카라사이트 past two years. In 2017-18, 바카라사이트 total number of students studying for a business degree in 바카라사이트 UK was 342,970, up by 2.9 per cent from 바카라사이트 previous year.

Nearly all ¨C 96 per cent ¨C of respondents agreed that business schools would have to evolve 바카라사이트 products that 바카라사이트y offer to meet 바카라사이트 rapidly evolving skills required by businesses. The survey found that 89 per cent were already offering or planning to offer blended degrees and 73 per are already offering or planning to offer online degrees o바카라사이트r than an MBA.

anna.mckie@ws-2000.com