Reshaping business education in a new era

With rising interest in corporate social responsibility and increasing doubt in the sanctity of institutions, an evolving breed of MBA student is surveying the business landscape with a more discerning eye and demanding a new type of education. One person who feels this shift acutely is Blair Sheppard, dean of Duke University’s Fuqua School of Business. Sheppard has a prime view of this maelstrom of forces—changing expectations from students, different contours of global business, new management issues for educational institutions—and a unique perspective on what these portend for business students and business schools alike. He spoke in New York with McKinsey Quarterly editor Allen Webb about where MBA education stands in the wake of the financial crisis, and where he thinks it’s headed.