Business Education: Cool Stats From Around the Globe
As a member of the “recruitment” industry, I take great interest in the different statistics put out about education in our world. At a recent, SHRM Conference (The Society of Human Resource Professionals) I met a group called the AACSB, Association to Advance Collegiate Schools of Business.
“AACSB International advances quality management education worldwide through accreditation and thought leadership.” – AACSB Informational Materials.
Over the past year, I’ve noticed a significant amount of potential interns show interest in business internships and potentially entering business schools upon graduation. Is a student saying, “Yes, I want to enter an accredited business school”, a way of them simply avoiding graduation ? In an economy like today, maybe. But that’s not to discount the importance of attending business school and majoring in business degree programs.
I recently reviewed the AACSB’s pamphlet of Business School Data Trends and 2009 List of Accredited Schools. I found some interesting facts that I wanted to share. These further demonstrate the importance of education and it’s growth on a global level.
The Top 3 Locations with Accredited Member Schools
1. North America (481)
2. Western Europe (22)
3. Eastern Asia (17)
*In the US, the most popular location to have a main campus for an accredited school is URBAN (47.1 %)
*Estimated Number of Worldwide Education Institutions Offering Business Degrees is 11,833
Top 5 Countries Offering Business Degrees
1. US (1, 602)
2. China (1, 396)
3. Philippines (1, 243)
4. India (1,200)
5. Mexico (1,000)
source was the Global Foundation for Management Education, AACSB
Most Popular Programs Offered Worldwide by Field/Discipline/Level for 2007 – 2008 for Bachelor’s Degrees
1. Accounting
2. Finance
3. Marketing
*Interesting: Wow! Marketing? Students that say they are “marketing majors” tend to get ignored and people say they are “taking the easy way out”. I feel the opposite. Marketing is an integral part of any business, especially these days when social media has taken marketing positions to a new level. Making that brand to audience connection can only be done by a true marketer.
Most Popular Programs Offered Worldwide by Field/Discipline/Level for 2007 – 2009 for MBA’s
1. General Business
2. Management
3. Finance
*Interesting: Entrepreneurship is only offered at 21.7 % of the school’s surveyed offering bachelor’s degrees and at 10.5% of the school’s surveyed offering MBA’s. I hope to see that number increase aggressively over the next 2-3 years. As a business owner, I only wish that I had some entrepreneurship classes under my belt.
From 2005 – 2006, Students in the US earned a total of 318,042 Business Degrees (BA). Of this total,
- 159, 683 of them were male and
- 158, 359 were female.
*Interesting: Note – not a big difference between male and female.
In contrast, from 1969 – 1970, there was a total of 105, 580 Business Degrees (BA) earned. Of this total, 96,346 of them were male and only 9,234 of them were female.
*Interesting: Hey Ladies! We rock. Look how far we’ve come.
Of the BA degrees in Business earned from 1995 – 1996,
- 77.8% were White,
- 7.9% were African American,
- 5.5% were Asian/Pacific Islander, and 5.0% were Hispanic.
In contrast, from 2005 – 2006, of the BA degrees in Business earned were
- 72.4% White,
- 9.6% African American,
- 7.2% Hispanic, and
- 6.9 % Asian/Pacific Islander.
*Interesting: The only race to decrease in the amount of business degrees earned were White/Caucasians.
Article by, Lauren Berger, dubbed “The Intern Queen” after participating in fifteen internships during her four years in college. She built her “Intern Queen”brand in May of 2006 and recently teamed up with Quarterlife to create the Quarterlife Internship Program where students can get FREE access to internships in the entertainment and journalism fields. Berger also provides Internship Advice and Content for students.
