Admissions into the full-time Master of Business Administration program and Master of Science in Accountancy program have been suspended, among other cuts to staff and programming at the Opus College of Business, the college announced Wednesday.
The reconstruction was announced by dean Stefanie Lenway in an article posted online. The goal of the changes is to create “stackable credentials” that will benefit students during the course of their education, the release.
“(The Opus College of Business) is organized a little bit differently than liberal arts, so you have to understand the different structure to understand the changes,” Lenway said.
An email sent to St. Thomas faculty and staff from executive vice president and provost Richard Plumb said that ending the full-time MBA program is among other cuts to staff and programming.
“We have five MBA programs,” Lenway said. “The smallest one (full-time MBA) is a money loser and is going away.”
Lenway said that all other MBA programs will remain the same. She stated that “fundamentally zero” faculty members will be affected by this change. The email stated that conversations with the impacted employees happened before the public announcement.
“We have some retirements, but the retirements predated the change,” Lenway said. She then said that a couple of full time adjunct faculty will be affected by the structural change.
Other changes include changing administrative leadership and combining six academic departments into three.
The mission of the Opus College of Business is to “unlock the talent of future problem solvers and prepare students to be highly principled, global business leaders,” according to its website.
The MBA degree was first offered at St. Thomas in the fall of 1974.
Justin Amaker, Abby Sliva and Leila Weah contributed to this report.
On the one hand I sympathize with those who will suffer because of this. But on the other, I believe that anything which reduces the dominance of business at either the undergraduate or graduate level must be a positive development.