B-schools bitten; As enrollments fall sharply with the economic downturn, executive programs slash costs, raise tuition and scramble to find ways to reach out to new students.(Brief Article)

Crain's New York Business, August, 2002 by Souccar, Miriam Kreinin

Late last year, tony rossabi was accepted to three New York business schools and was deciding where to get his executive MBA. Then he heard the bad news. BellSouth, where he is director of international business development for the long-distance division, was no longer picking up the tab for its executives to go to business school.

It would now only pay 10% of the tuition, which reaches an eye-popping $100,000 at some schools. ``The cost is just outrageous,'' says Mr. Rossabi, who decided to defer a year. Just two years ago, companies were dangling free executive MBAs as carrots to hang on to their employees. Now, in the midst of layoffs and corporate cutbacks, more executives are being told they have to pay their own way. As a result, enrollment in these...

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