In Hunt for Students, Business Schools Go Global
"What we decided was going to make a difference was having the ability to have more of a continuous presence in the various Latin American markets, and quite frankly that entails a lot of travel," said Laca in a telephone interview from her home in Uruguay just a few hours before she set out for a whirlwind recruiting week in Argentina and Brazil. "By being down here, speaking the language, and connecting with students more frequently, I've discovered nuances in the market that help us be more effective in our outreach."
In an economic climate where many foreign students are increasingly reluctant to come to the U.S. for graduate school, many admissions officers are rewriting the rules of international recruiting. With enrollment at U.S. graduate schools down by double digits this fall from heavyweights like India and South Korea, according to a recent survey by the Council of Graduate Schools, admissions officers at business schools say they are trying to cast a wider net during the busy fall recruiting season. They're traveling to new countries in regions such as Latin America and Africa, starting programs geared at attracting students from developing economies and enlisting an army of students and alums to promote their schools and host admissions events back in their home countries. Some schools, including Tuck, are taking these efforts a step further, placing admissions officers on the ground year-round in key markets like Latin America and the Middle East. It's all part of a larger effort to ensure that business schools in the U.S. continue to attract students from foreign countries in what is becoming an increasingly crowded market, admissions officers say.
"Care and Feeding" "I think the international market takes some care and feeding right now because there are so many options that students have and there is so much uncertainty with the ability to work in the U.S. and finance the MBA," says Rosemarie Martinelli, admissions director at the University of Chicago Booth School of Business (Booth Full-Time MBA Profile).
One of the traditional ways U.S. business schools have approached recruiting abroad is by signing up for MBA fairs, which allow schools to visit a number of countries in a condensed one- or two-week time period. While that's still happening in oversaturated markets such as India and China, it's happening less as schools focus their attention on untapped markets. This year, for example, the number of U.S. schools attending MBA fairs in Indian cities like Hyderabad is down 5% over last year, while attendance at fairs in Delhi and Mumbai is flat compared with last year, according to the QS World MBA Tour, one of the largest MBA fair organizers.
Many admissions officers are instead shifting their travel dollars to emerging markets in Asia such as Vietnam's Ho Chi Minh City and Malaysia's Kuala Lumpur, which saw U.S. B-school attendance jump 166% and 100% respectively this year over last, says Nunzio Quacquarelli, managing director of the QS World MBA Tour. A handful of U.S. business schools are even making their way for the first time to more far-flung destinations such as Kazakhstan and the Phillipines. QS led an Africa Tour for the first time last year, visiting Johannesburg, Nigeria, Kenya, and elsewhere. Only European business schools went last year, but several U.S. business schools are expected to sign up for the Africa tour this spring. Plans are also underway for QS to organize a trip to Saudi Arabia for the first time this year, Quacquarelli says.
"I think that because the Indian market has been so plentiful to U.S. schools in recent years, deans have given a direction to schools to perhaps deprioritize Indian recruiting to get balance with other regions of the world," Quacquarelli says.
At the Boston University School of Management (Boston Full-Time MBA Profile), Admissions Director Christopher Storer says he is trying to focus more of his recruiting dollars on the Middle East, at the behest of recruiters who say they are looking to hire more students from the region. His staff has already been to Dubai twice this fall, and he will soon be going on a second trip to Cairo. Other schools, such as the University of California at Los Angeles' Anderson School of Management ( UCLA Anderson Full-Time MBA Profile), are spending more time travelling in Latin America. The school usually only does one tour of Latin America each year, but this year it will be doing two, says Mae Jennifer Shores, Anderson's admissions director.
The Global Campus One school that has significantly expanded its international recruiting footprint is Duke University's Fuqua School of Business (Fuqua Full-Time MBA Profile). The school now has five new campuses overseas as part of its global campuses network, with staff in Delhi, St. Petersburg, Dubai, London, and Shanghai. This has allowed Fuqua to attend MBA fairs in Abu Dhabi and Cairo, make inroads into smaller regions in China outside of Beijing and Shanghai and to reach new markets within Eastern and Western Europe, says Liz Riley Hargrove, Fuqua's admissions officer. The school was even able to send its Middle East regional director to the QS MBA Fair in Kazakhstan last spring, one of two U.S. business schools in attendance.
"We've been able to tap into new markets in a way that we have not necessarily had the bandwidth to do before," Hargrove says. "Having someone on the ground is key. It gives us more power, you could say, and more opportunity.