Wake Forest University (Farrell Hall) / BusinessWire
Wake Forest University (WFU) will no longer offer the traditional daytime MBA program. The School of Business will instead plan to ramp up on its part-time programs for working professionals.
After considering the increasing need of students for pursuing an MBA without interrupting careers, WFU has made the decision to drop its daytime MBA starting next year and will focus on their existing part-time programs offered in the evenings in Winston-Salem and in evening and weekends and Saturdays in Charlotte. Current students of the full-time program will be able to complete the degree and graduate as intended until May 2016.
"Our decision is a proactive step that will allow us to redirect resources and energy to meet the changing needs in the market." said Charles Iacovou, dean of WFU School of Business, who succeeded Steve Reinemund in July 2014. "We will focus on developing a superior launching platform at the start of our graduate's careers and offering flexible ways on evenings, weekends and through hybrid models for working professionals to continue their education and development."
In the past five years, while WFU experienced declining enrollment to its daytime program, the institution reported double and triple-digit growth in its pre-experience graduate programs and MBA programs for working professionals.
"For the vast majority of business schools, traditional daytime MBA enrollments have decreased over the past decade," said Sherry Moss, MBA program professor and faculty area chair. "The way we deliver MBA education needs to change and I am proud to be part of a team who will make the necessary shifts to evolve our MBA delivery models to best serve the needs of students and employers."
However, a survey of the GMAC about applications in 2014 reported that 62% of full-time two-year programs in U.S. participating in the survey experienced a rise in the number of applications for the second straight year compared to 52% in 2013.