Graduates from Strathmore Business School will get an opportunity to attend internship in multinational firms across Africa after the university signed a deal with a placement agency in a partnership set to ignite rivalries among Kenyas business schools.
The university entered the placement deal with Lagos-based Tony Elumelu Foundation, which seeks internships for graduates from prestigious universities such as Wharton, Harvard, the London Business School and Yale in top performing companies across Africa.
This will strengthen our delivery of MBA training in the region by enhancing the quality of training that Strathmore gives to MBA graduates in the region, said Dr. Edward Mungai, the dean of the Strathmore Business School.
Strathmore becomes the first business school from East Africa to sign up to the foundation in what is expected to intensify rivalry in the MBA market, pitting it against schools such as University of Nairobi, Kenyatta University, KCA University, Moi University and a host of other private universities.
The battle for students seeking additional qualifications such as MBA has intensified over the past two years as workers race to upgrade their skills in the competitive fast-changing job market, leading to a rise in the number of institutions offering such courses.
Statistics show that Kenyan universities have been graduating an average of 3,000 MBA graduates annually, up from an average of 500 in 2003.
Business schools have stepped up enrolment as workers rush to take up additional qualifications, and there have been concerns that the rising numbers if not contained would lead to half-bake graduates in the face of overstretched resources.
As a result, the quest to offer globally recognised qualifications is gaining prominence prompting some business schools such as Strathmore to seek innovative solutions to boost their profile.
The objective is to promote African owned businesses to attain global presence and thereby elevate the continent by developing entrepreneurial skills, said Efe Odele, a manager at the Tony Elumelu Foundation.
The foundation was founded by Tony Elemelu who as head of United Bank of Africa helped to transform the West African -based bank from a single country focused bank into a pan-African institution with a presence in 16 African countries.