US-based Babson College, a world leader in entrepreneurship education, has announced plans to expand to Dubai to offer graduate and executive education programs for working professionals across the region.
The Babson MBA – Dubai, delivered in a blended online and face-to-face format, will launch in January 2019, a statement said.
Babson’s MBA has been ranked No 1 in entrepreneurship for 25 consecutive years by US News & World Report, and its blended format is ranked top 10 worldwide by the Financial Times.
Babson Executive Education said it will be working with organisations in the region to develop custom programs in addition to offering specialised open enrollment programs as part of the Academy at Dubai International Financial Centre (DIFC).
The first open enrollment program – Approaches to Innovation in the UAE – will launch this autumn while additional programs, including one on family entrepreneurship, will be announced this summer.
“At Babson, we believe that the success of entrepreneurs is critical to economic growth and sustainability around the world,” said Babson College president Kerry Healey.
“By bringing Babson’s recognised leadership in entrepreneurship education to Dubai, we will support the UAE’s long-term economic development goals.”
Babson’s in-person programs will be held at DIFC and Babson will be housed in The Academy, the district’s educational hub built to support a knowledge-based economy.
The college’s expansion to Dubai adds to its existing hubs in Wellesley and Boston, Massachusetts, San Francisco, California, and Miami, Florida.
According to the latest Babson-sponsored Global Entrepreneurship Monitor, 88 percent of people in the UAE see entrepreneurs as having a high status in their society, and 65 percent are confident in their ability to start a business.
This percentage drops, however, when it comes to actually pursuing entrepreneurship, as only 35 percent see good entrepreneurial opportunity around them, and 61 percent would not start a business out of fear of failure.