The status of an MBA title is growing among the elites of Kenya, East Africa’s biggest economy, reports UniversityWorldNews.com. Statistics show that Kenyan universities are now churning out at least 2,500 MBA graduates annually - double the number of five years ago. Today at least half of the country’s 23 public and private universities are now offering MBA programs, compared with around eight universities then.

The Graduate Management Admission Test (GMAT) - the MBA admissions exam - is about to undergo its biggest makeover in more than a decade, reports BusinessWeek. Starting in 2012, aspiring business school applicants will take the so-called Next Generation GMAT, which will include a new section on integrated reasoning, in which test takers will analyze data from multiple sources in order to draw conclusions.

For years, the Indian government hasn’t taken any action against the controversial Indian Institute of Planning and Management (IIPM). Now the University Grants Commission (UGC), which as a higher Federal authority in India is responsible for the administration and recognition of universities, has issued a public notice that the business school is not authorized to confer degrees like the MBA and that these degrees are not recognized by the government.

That’s the simple premise behind a global contest to find ways to change management education for the better launched by the Graduate Management Admission Council (GMAC), the nonprofit association of business schools that owns the GMAT exam. GMAC is inviting anyone to submit three paragraphs that answer this question: What one idea would improve graduate management education? The GMAC Management Education for Tomorrow (MET) Fund will award a total of US$250,000 in prizes to 15 people whose ideas rise to the top, with the most promising proposal taking home US$50,000.

In addition to their diplomas, foreign students in the U.S. should be handed a green card, too, suggest Yash Gupta, dean of John Hopkins University’s newly founded Carey Business School in Baltimore.

The job market for new business school graduates remains difficult, but there are clear signs that employers are becoming increasingly confident about the economy—and more eager to hire - according to newly released data from the Graduate Management Admission Council (GMAC).

The Peter and Alice von Loesecke Scholarship Foundation will award two 20,000 USD scholarships for candidates who best exemplifies the criteria for the award and continues to demonstrate during their MBA studies an interest in pursuing those objectives.

A new study examining how business schools effectively attract students shows a clear impact of the current global recession – MBAs are putting skills ahead of salaries and alumni are less likely to give to a financial appeal.