3 Questions for a Boston College $24K MBA Scholar

You may take into accout Kaitlin Dumont from the Q&A she and I did about her new position as Director of College Companions at Kaplan. Because it occurs, Kaitlin could also be a scholar in Boston College’s on-line MBA program in the course of the Questrom Faculty of Industry. Kaitlin is a depraved sensible and extremely skilled skilled.  She will have had her collection of MBA methods. She selected to join the BU On-line MBA.

I’ve written that I feel that the advent of cheap scaled on-line stage methods from universities with international manufacturers, equivalent to Boston College, is the most important tale in greater schooling. The overall price of the BU On-line MBA is $24K. I sought after to listen to from Kaitlin about her enjoy up to now in this system.  Kaitlin generously agreed to reply to my questions:

Q:  Why did you make a decision to do the BU On-line MBA when it’s good to have very most probably been authorized to a peak 20 full-time residential MBA program?

Within the closing segment of my occupation, I used to be “MBA adjoining” in my paintings with govt schooling.  I’ve had the excitement and the privilege of listening to from probably the most highest industry faculty college on the planet, however the two establishments I’ve labored for (Harvard Industry Faculty and the Tuck Faculty of Industry at Dartmouth) most effective be offering one, full-time, residential MBA program – and the cases to go away the staff and go back to being a full-time scholar by no means aligned with my trail (particularly as a mother of a one and a three-year-old!).  I select the web MBA program in the course of the Questrom Faculty of Industry at Boston College for 3 causes –

  1. The stability of flexibleness and rigor – this system isn’t just designed to suit into my lifestyles, but in addition blends modern asynchronous studying with are living periods and teaming to create a rigorous and wholistic studying enjoy (and I don’t declare to be a professional studying clothier in any respect, however I’ve been in shut sufficient proximity to a few world-class tutorial designers to grasp that that is the “actual deal”!)
  2. The built-in modular manner – somewhat than stand-alone lessons on finance, accounting, advertising and marketing, technique, and so on. the BU on-line MBA program is made from six thematic and built-in modules that weave in combination all of those matter spaces in a extremely application-based manner.  As an example, the primary module at the matter of “Developing Worth for Industry and Society” begins with a discussion in regards to the deserves of shareholder capitalism vs. stakeholder capitalism, then segways into managerial economics and vintage business technique earlier than pivoting to the tips economic system (together with large information, system studying, two-sided networks, and platforms), and in the end ties all of it along with a team-based capstone venture keen on incumbents vs. new entrants within the automobile trade.  I’m now in the second one module which is most likely essentially the most quants-heavy module tying in combination finance, accounting, operations, and statistics (I’m proud to mention this liberal arts undergraduate can now run a multi-variable regression with the most efficient of them!). 
  3. Did we point out the fee, but?

Q:  In greater schooling, as in lifestyles, you get what you pay for.  How on the planet can a $24K MBA be a top of the range stage?  Aren’t you missing such a person college consideration and time with thought-leading professors, to not point out the unique peer community of a extremely selective industry faculty, that makes getting an MBA profitable?

This fallacy can have been true a decade in the past, however with the improvement of recent technological functions and awesome on-line studying tutorial design, I don’t assume this argument can cling water any more.  I assume in a higher-priced MBA program, particularly an in-person stage with a smaller cohort, I might be able to clutch a cup of espresso with a college member and “pick out their mind” like I did in undergrad – alternatively, I used to be pleasantly shocked by way of how out there the school are, website hosting digital workplace hours and at all times prepared to reply to questions (and if you’ll’t get involved with a college member, there’s a glorious workforce of studying facilitators to reinforce scholars). 

I’d additionally argue that the peer community in my enjoy is second-to-none! I believe nearer to my workforce from module one than I do to a few of my classmates I spent 4 years with at Tufts – and I by no means even met them in consumer! I characteristic that to 2 issues (1) a shockingly well-designed program that emphasizes teaming and (2) a bunch of like-minded pros who’re all right here to reach the similar objective – a forged industry schooling to reinforce present occupation aspirations whilst juggling all of lifestyles’s different calls for (all of my teammates in module one had youngsters underneath the age of 3!)

I assume one may just say I don’t know what I’m lacking – however, I’ve been shut sufficient to elite MBA methods to have a gorgeous just right sense, and whilst I can have no longer felt this manner if I had made up our minds to earn my MBA previous in my occupation, I don’t really feel like I’m abandoning any high quality for the worth of flexibleness and a closely application-based pedagogical manner. 

Q:  I’m looking to get my head across the classes of methods such because the BU On-line MBA for the remainder of us in greater schooling. You’ve gotten labored for elite industry colleges and at the moment are running at Kaplan to accomplice with colleges on on-line studying. What do you assume the ones folks around the greater schooling ecosystem will have to be studying from methods like your BU On-line MBA?

On the chance of being extraordinarily cliched, it in point of fact is the definition of Clay Christensen’s disruptive innovation.  To not belittle the top-tier MBA methods which are to be had, however the marketplace is transferring around the greater ed ecosystem, and newbies are more and more keen on go back on funding, and BU and others have confirmed {that a} top of the range schooling may also be delivered, flexibly and at a cheaper price, with out abandoning considerate studying design and tutorial high quality.

Individually, the best way to reach that is via partnerships.  What many don’t know is that the BU on-line MBA was once at the start designed in partnership with edX (just lately got by way of 2U).  I’ve spent numerous hours at the university-side discussing what’s our price chain structure, what are our core functions, and which of the ones functions may just/will have to we retain in-house (or “make”), and which of them may just/will have to we accomplice on (or “borrow” or “purchase”).  I consider there was a bias against maintaining all functions in-house and “re-inventing the wheel” in an effort to discuss, however methods to stay the fee low and no longer surrender high quality (particularly for stage methods) is to accomplice at the core functions that permit for scale and relevance.  In the long run, I see this partnership fashion as the way forward for the upper schooling ecosystem, which is a huge a part of the rationale I made the transition from the university-side to the partner-side. 

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