Wake Forest University’s business school is ending its traditional full-time MBA program.
Controversial? Practical? Charles Iacovou is Dean of the Wake Forest Business School.
“It was about time and it was the right time," said Iacovou.
There are currently three different ways to get a Master of Business Administration degree from Wake Forest. Ninety-eight students are in the full-time, day-time program. But more than 300 students are in the evening and Saturday MBA programs.
Dean Iacovou says Wake Forest has been discussing and contemplating an alternative to its traditional program for years. He says a recent survey by the Graduate Management Admission Council (GMAC) says students want flexibility.
“They cannot afford or they are unwilling to give up their jobs for two years and forego the income that comes with that two year of employment and pursue MBA studies on a full-time basis," said Iacovou.
Wake Forest will continue to offer its full-time MBA program through May 2016, when the current class graduates.
Virginia Tech announced last fall it would no longer accept applications for its full-time MBA program.