Thursday’s Headlines: Schools Cater to Executive MBAs

While the days of business degrees fully paid by employers may be on the wane, top MBA programs are licking their chops to attract to their executive programs students who are now less loyal to their employers, according to a Wall Street Journal story, which explains:

As companies pull back on sponsorship for education, executive M.B.A. candidates are footing a bigger share of the tuition bill—and are less willing to stick with their employers. The change has created new expectations for career-services offices, and many are jumping to meet the challenge.

In fact, last year 27 percent of executive MBA students received full tuition reimbursement from their employers, down from 34 percent in 2007.

Schools are designating staff to offer one-on-one coaching, career services, workshops and other perks exclusively to this group. Such schools include University of North Carolina’s Kenan-Flagler Business School, University of California at Los Angeles’s Anderson School of Management and Cornell’s Johnson Graduate School of Management.

 

Other News:

Dimon apologizes. [DealBook]

Banker bonuses in Europe will be capped. [Financial Times]

Money managers and Wall St. banks are prepping for a new corporate bond market. [WSJ]

BofA ranks as the biggest commodity lender. [Bloomberg]

Goldman’s CEO expects to “die at my desk.” [Financial Times]

Private equity is taking a liking to ETFs. [Reuters]

Mid-East private equity funds have built up $5 billion ready to invest. [Financial Times]

Hedge fund Expo Capital is closing shop. [Businessweek]

The insurance-linked securitization market is poised for growth. [On Wall Street]

Vernon Hill’s 2-year-old Metro Bank in London is defying odds with its success. [CNN Money]

Facebook basics for financial advisors. [On Wall Street]