Business

Meaning of reducing controversial funding for executive MBAs

Three years ago, at the age of 39, Avtar Boparai became an apprentice. He was able to do so due to a change in the way he funded workplace training in the UK — an employer who had to be spent within two years or was taxed by the government. Through a levy on.

Like other levy payers, Bernard, a charity of children who was the employer of Boparai at the time, was free to fund the level of apprenticeship he thought he needed and to train his trainees to study. Gave me a break.For Boparai, this is Cranfield Graduate School of Business In Southeast England, he finally graduated with an Executive MBA.

“I didn’t want to miss this opportunity because I couldn’t afford to get an MBA myself,” he says. “This is the most valuable thing I have ever done.”

He is currently a professional development expert at Corndell, a management and technical training provider, and teaches and teaches diplomas for data professionals.

FT Executive MBA Ranking 2021 — Top 100

Miami Herbert Business School

Find out which school is in EMBA degree ranking..learning How to compile the table..

However, this experiment of funding EMBA as a form of apprenticeship has ended, so his peers need to find other ways to achieve what he has.

These senior leadership apprentices were controversial due to the use of levy funds for business masters and the sharp decline in entry-level apprenticeships for graduates after the introduction of levies in April 2017. .. “Fake” apprenticeship. Since September, new senior management apprentices are no longer able to fund the levy on the master’s degree.

After the introduction of the levy, the demand for EMBA in the UK increased rapidly. According to the Chartered Business Schools Association (Cabs), only about 500 people graduated from the EMBA course in 2017-18. There were 15,000 people this summer.

Robert Macintosh, cabs chair and vice president of business and law at the University of Northern Bria in the northeastern United Kingdom, said it was partly due to the increase in applications since the pandemic. “Many member schools had struggling executive and part-time MBA programs, but suddenly they realized they had grown like a topsy,” he says.

Lorraine Stockle, associate director of talent acquisition for US telecommunications company Verizon in Europe, the Middle East and Africa, also graduated from the senior leader apprenticeship program in August and benefited from a levy of EMBA. Henry Business School In southern England. “When I saw the opportunity to get a great qualification at a really good business school, it seemed crazy not to take it,” she says. “But I did that to update my skills as well.”

The apprenticeship rule meant that Stockle had to take time from her work day to go to class instead of attending EMBA students on a typical weekend. One of the benefits of the qualification is to expand her network at Verizon. “I’m currently doing stakeholder mapping, where I’m thinking about everyone who needs to be involved if I want to develop an initiative,” she says. “EMBA gave me justification [meet] Administrators at different levels understand their perspective. ”

Lorraine Stockle's EMBA helped her expand her network in the company.

Lorraine Stockle’s EMBA helped her expand her network in the company © Anna Gordon

NS University of Exeter Business School In southwest England, EMBA was suspended due to a shortage of applicants after a change in levy usage. However, the demand for senior leadership apprenticeship programs has allowed schools to recreate part-time studies that the previous EMBA cohort does for general MBAs.

Since launching the program in 2018, more than 500 people have earned a taxable MBA from Excelter in partnership with JP Morgan, a financial services group. Students come from a broader background than the school has historically attracted to MBA classes, including the NHS and other public sector organizations.

“The biggest advantage of an apprenticeship program compared to our MBA is the way it creates opportunities for people who have never done it before,” says Bachelor’s Degree Director Rachel Johnstone. .. “It also integrates research with the workplace in ways that MBA programs often do not. Employers participate.”

Funding an MBA from money that may have provided graduates with workplace training will always be controversial. However, Exeter’s MBA team feels it’s too early to say whether demand for EMBA will decline. Stuart Robinson, Vice Dean of Professional Education, states that Exeter has enrolled approximately 70 students as senior instructor apprentices for the new academic year. “What we can’t see is the number of people who are willing to upgrade to an MBA, but from the conversations we have, I think that’s the majority,” he says.

In Henry, there is an additional £ 4,000-5,000 to get an MBA after an apprenticeship program, but because it can be completed on weekends rather than during business hours under the apprenticeship tax rule John Stone. , Easy for students. Note.

Students can also earn EMBA credits by taking a wider range of courses than are available in the apprenticeship program. “You can start with a blank page and say,’What challenges do you want your organization to address?’” Johnstone adds.

MacIntosh is more skeptical. “The senior leadership apprentice gained scale because it was really a winning formula. This is a good funding mechanism and what the school is really struggling with, that is, enough in the EMBA program. It helped me win the cohort, “he says.

“Investing in your management skills is a good idea for your employer, but there is a lot of pressure on your company’s finances, which often means that it is not considered an imminent and sufficient problem. Removing the incentives you give is a real failure. “

Meaning of reducing controversial funding for executive MBAs

Source link Meaning of reducing controversial funding for executive MBAs

Related Articles

Back to top button