"We've really raised the cost of people leaving their jobs. And the best people aren't going to leave. People are bumping into their loan maximums -- we had to go to our vendors to ask them to increase the loan maximums. If the loan doesn't cover all the costs, some people literally just cannot put the package together to come. "
From Carnegie Mellon, Dean Dunn:
"The MBA is much more of a commodity than it used to be. All the schools are doing the same things. Business education is a fairly mature industry at this point. Nobody is innovating, and something has to happen to shake that up. "
From HAAS, Dean Lyons:
"We have more part-time than day MBA students. Other universities have kept the focus on their day MBA programs. Ten years from now, the day MBA may not be as much in demand..."
Another quote from Chicago, Dean Snyder:
"The set of companies willing to hire MBAs with the kind of salary expectations MBAs have is changing. They are saying: "We can hire very good undergrads and train them .......... Hiring non-MBAs is something companies have become more comfortable with. .........recruiters, [are] surprised at how well non-MBAs do. But where they [companies] see a need for real leadership down the road, they still prefer an MBA. They have to pay extra for that MBA."