Oct 20, 2017

M.B.A. programs consider closing as students lose interest

Students walk on the University of Vermont campus. Photo: Toby Talbot / AP

Business schools are reevaluating their programs, some even considering closing their doors, because students are losing interest in applying, according to the Wall Street Journal.

Why it matters: While M.B.A. programs were once vital for careers in fields like finance, fewer employers are able to cover the cost of the degree, making it less alluring to employees. A second-year M.B.A. student at the University of Wisconsin, Diego Hahn, asked the WSJ, "Are we just going to get rid of all top public M.B.A. programs...and only let those who can afford to go to private school earn this type of education?"

The University of Wisconsin's business school, one of the oldest in the country, is voting to close in November, the WSJ reports. They follow University of Iowa and Wake Forest University, which ended its full-time MBA program and is offering MBA evening and weekend classes in addition to specialized master's programs.

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Axios

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Global: Total confirmed cases as of 12 p.m. ET: 10,920,457 — Total deaths: 522,385 — Total recoveries — 5,789,032 — Map.
U.S.: Total confirmed cases as of 12 p.m. ET: 2,753,754 — Total deaths: 128,871 — Total recoveries: 781,970 — Total tested: 33,462,181 — Map.
Public health: The states where face coverings are mandatory — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
Business: Top business leaders urge the White House to develop mandatory mask guidelines.
Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
States: Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

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Rashaan Ayesh

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Washington Redskins to review team name amid public pressure

Photo: Patrick McDermott/Getty Images

The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.

Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.

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4 hours ago - Economy & Business

Scoop: Instacart raises another $100 million

Illustration: Sarah Grillo/Axios Visuals

Grocery delivery company Instacart has raised $100 million in new funding, on top of the $225 million it announced last month, the company tells Axios. This brings its valuation to $13.8 billion.

Why it matters: This funding comes at what could be an inflection point for Instacart, as customers it acquired during coronavirus lockdowns decide whether they want to continue with the service or resume in-person grocery shopping.