University of St. Thomas suspends enrollment to full-time MBA program due to 'restructuring'
The University of St. Thomas announced they have suspended enrollment into its full-time MBA and masters in accountancy program. The school also states that it will eliminate 19 staff positions as a result, saying the decision reflects the changing market demands by students.
"The suspension of enrollment for these two programs is part of a larger restructure across the Opus College of Business in response to changing market demands," the university said in a statement to KSTP. "Opus is restructuring to further innovate its core degree offerings, and refocus resources on programs that are projected to be in strong demand."
The university's website suggests to those interested in the program to "explore other St. Thomas MBA options including the Online MBA, Part-time Flex MBA, Health Care MBA or Executive MBA."
A UST spokesperson says the 19 impacted positions are not all tied to the suspension of the two programs highlighted, but rather they are part of the larger restructuring being done by the university. The spokesperson also said the college will add new positions to support the revised structure.
The rest of the statement from UST reads, in part:
"The exact number of positions to be created is still being finalized, but the college expects it to be at least five. These changes are in response to market trends seen by other business schools across the country. The university is committed to supporting all students and employees impacted by this restructure; we recognize this is a difficult time for some employees, who are all part of the St. Thomas family."