When the transition to market economy began, there was an unsatisfied demand for business education. A supply response has occurred, but business education is still developing. The authors argue that private schools can help mobilize resources and increase the quality and accessibility of business education. Drawing on surveys covering 15 transition countries, the authors find that business studies have grown rapidly during the transition. Formal legal barriers to entry generally are low, but resistance to entry by government and state schools represents a major obstacle. While overall assessments of the relative quality of private business schools vary, private schools are found to have more favorable class sizes, teaching methods, curricula, real-life applications and teacher effort, and seem less subject to corruption. (Contains 2 figures, 5 tables and 12 notes.)