Corporate News
Graduands at a past ceremony. PHOTO | FILE
By DAVID HERBLING
In Summary
- The universities are hoping to cash in on Kenyans’ preference for foreign MBAs.
Six top-tier business schools from the US, Canada and
Spain are set to pitch camp in Nairobi on Tuesday to recruit students
for their Master of Business Administration (MBA) programmes.
The varsities – which include Ivy League Columbia
University, Massachusetts Institute of Technology (MIT) and University
of Chicago’s Booth School of Business – are hoping to cash in on
Kenyans’ preference for foreign MBAs.
Nairobi is one of the four African cities in the
varsities’ global circuit dubbed The MBA Tour, that also includes Accra,
Lagos and Johannesburg. This will be the second visit to Kenya by the
group. The initial tour in October 2013 attracted 171 prospective MBA
students.
“Kenya is one of the larger markets in Africa and
the qualifications of students is high for the region,” said Peter von
Loesecke, managing director of The MBA Tour, in an interview with the Business Daily.
“Foreign MBAs offer an international experience for
African nationals that they might not receive in their home country,”
said Mr Von Loesecke.
Other elite business schools coming to Nairobi
include Vanderbilt University, Spain’s IE Business School, University of
British Columbia and University of New Brunswick Saint John Campus.
Foreign business degrees, especially from topflight
universities, are deemed superior when searching for a job or seeking
promotions, analysts argue.
The one-day evening fair will advise prospective
MBA students on how to prepare their admission applications, on
financial aid and key requirements such as passing the Graduate
Management Admission Test (GMAT).
Tuition for the full time MBA at University of Chicago’s Booth School of Business is Sh6.6 million ($63,980).
Bloomberg Businessweek in 2014 ranked Duke
University’s Fuqua School of Business in the first position, with Booth
School of Business at position three, Columbia Business School (5) and
MIT’s Sloan School of Management (14).
The planned MBA recruitment in Nairobi comes at a
time when the number of Kenyans sitting for GMAT dropped marginally last
year to 583 candidates from 585 students in 2013
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