Increased Demand for Business Skills

• According to the Bureau of Labor Statistics, “business and financial operations,” and “professional and related occupations” are anticipated to increase more rapidly than the 13% average growth rate for all occupations.[1]
• The largest proportion of bachelors degrees awarded in the U.S. during 2003-4 academic year was in business (307,149, 22%). More than twice as many business bachelors degrees were earned than in social sciences and history (150,357, 11%), the next largest group.[3]

Macro Impact

• According to official governmental estimates, by the end of 2006, China will need 37,500 MBA skilled graduates.[2] 
• Minority business faculty help students learn the value of diversity at the university and workplace by exemplifying the role of minorities in leadership positions.[4]
• An increasing number of business schools teach future managers about the importance of sustainable and ethical business practices.[5]
• Increasing managerial skills with African business schools could increase absorptive capacity of African economies [6].

1)   Bureau of Labor Statistics. (2005). BLS Releases 2004-14 Employment Projections (USDL Publication No. 05-2276). Washington DC. 

2)   Rhyne, W. J. (2006). International cooperative degree programs: An issue brief. Unpublished manuscript, Golden Gate University.

3)   National Center for Education Statistics (2006). Table 249. Bachelor's degrees conferred by degree-granting institutions, by discipline division: Selected years, 1970-71 through 2003-04. Retrieved, December 6, 2006. http://nces.ed.gov/programs/digest/d05/tables/dt05_249.asp

4)   http://www.phdproject.com

5)   http://www.beyondgreypinstripes.org

6) Pfeffermann, G. Importance of Management Education in Africa