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MBA demand in the UAE, especially in
Biren Patel of QS said, “In 2003, QS brought the first World MBA Tour event to the region and we had 27 business schools. The tour has grown since then and this year we have over 80 business schools. Top schools such as Wharton, INSEAD, Duke, Cornell, Rotman and
“The international MBA, unlike twenty years ago, is now highly competitive and schools are looking for diverse background of candidates. They want applicants from different nationalities, but also from different professional backgrounds and industries.”
He added, “The global financial crisis has no doubt hit the region. With the stabilisation of oil prices and the onset of global recessionary mechanisms, consumer demand has abated and the real estate slowdown in
“The response in
Steven J. DeKrey, Senior Associate Dean Director of Masters Programmes at the Hong Kong University of Science and Technology told Khaleej Times on the sideline of World MBA Tour, “It is tough time for non-MBAs during the current financial turmoil and I guess the ratio of MBAs in current redundancies is quite negligible or may be around 5 per cent,”
DeKrey added, “We have focused our attention to this region as we feel it is a vibrant market for MBA.”
In response to a question he said, “Family business is very good, but it should be done by family’s highly qualified professionals.”
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