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MBAs - or Masters of Business Administration - are often seen as a must-have qualification to succeed in the business world. But now the number of students signing up overall is falling, with admissions down as much as 10 per cent at prestigious business schools in the US this academic year. An MBA can cost over 100,000 dollars, so are they really worth it?

Vivienne Nunis speaks to John Byrne, founder and editor of Poets and Quants – a website that gives MBA rankings and advice and Richard Socarides, head of global corporate communications and government affairs for Gerson Lehrman Group and a critic of MBAs.

Rahul Tandon explains why MBAs in India are falling out of favour and Professor Heather McGregor, Dean of the Heriot Watt Business School in Edinburgh, reflects on the brand power of prestigious business schools.

(Image: students at graduation. Credit: Getty Images.)