Top B-Schools to Go Bankrupt?

Larry Zicklin, former chairman of asset manager Neuberger Berman, professor at New York University’s Stern School of Business and a lecturer at University of Pennsylvania’s Wharton School and Baruch College’s Zicklin School of Business says following hte fall of Wall Street and the publishing industry, business schools may go out of business.

On Feb 13, in an article Why Business Schools Teach Transparency but Practice Ambiguity at Knowledge at Wharton  Zicklin said if faculty members assumed larger teaching workloads, while doing less research, universities could deliver a college education at a fraction of its present cost. 

Professors are judged is 99 percent dependent on their research and 1 percent dependent on everything else. 

The money to pay for research should not come from student tuition, he arges.

"I think schools are going to go out of business. You can’t have 100 schools vying to be in the top 25 and spending the money to get there. The new technology, higher cost of universities, and smaller amounts of money available will force the wholesale revamping of higher education, especially in the business area. This is very serious stuff," he says. 

For more information, read the link below. 

Source: Knowledge at Wharton