(Source: Yale University)

Yale, which has for years featured a B-list B-school, is shaking things up. Students in the MBA program are now required to study abroad before graduating. Yale, it seems, is going global.

Check out this AP story:

Yale this year became the first major university to require its MBA students to study abroad. The Ivy League school also replaced finance and marketing courses that have been the mainstay of business education for 50 years with courses structured to mimic the way business managers operate.

"We are at the beginning of what over the next five years will be tremendous change in business education,'' said Joel M. Podolny, dean of Yale's School of Management.

The changes, implemented this fall, come after criticism in scholarly articles that MBA programs have failed to teach useful skills. Other business schools are implementing or considering similar plans.

Business schools increasingly compete for students and faculty as the number of MBA programs has soared. Universities are trying to differentiate themselves with special programs, such as a growing emphasis on ethics courses in the wake of corporate scandals.

Read the rest here. And if you're headed for New Haven, you'd better bring your passport.