Posted by: Geoff Gloeckler on November 17, 2010
Soon, MBA aspirants will be able to get an MBA from a top-ranked program from the comfort of their own homes, thanks to a new program at North Carolina’s Kenan-Flagler Business School (Kenan-Flagler Full-Time MBA Profile).
UNC is accepting applications for the first class in its new online MBA-degree program, which will kick off in July 2011 and is the result of a partnership with 2tor, Inc., a company that provides the technology platform, instructional design, marketing, and infrastructure to deliver courses online. The first class, which will be capped at 50 people, will have to meet the same admissions criteria of the on-campus MBA program.
Kenan-Flagler professors will design and deliver the online courses for MBA@UNC, which will feature materials that are available 24 hours per day and accessible at the student’s convenience, pre-arranged live sessions that use live streaming video, and face-to-face immersions at different locations around the world. The two-year program will cost $89,000 in tuition, which includes books, texts, fees, and lodging and food for weekend immersions.
“The new MBA@UNC program will continue our tradition of excellence based on the quality of the students, faculty, and curriculum,” said James W. Dean Jr., dean of Kenan-Flagler, according to a press release issued by the school. “What will be radically different is how we deliver the program. This exciting new approach will transform UNC Kenan-Flagler as we define the direction of global business education.”
This announcement comes on the heels of news that the Thunderbird School of Global Management (Thunderbird Full-Time MBA Profile) plans to announce "a commercial venture on the professional training side that will provide non-degree programs around the world through an online format," said Thunderbird President Ángel Cabrera.
More business schools, with the help of commercial partners, are starting to offer these alternative programs for working professionals who don't want to move or give up their careers to get a graduate degree in a still suffering economy. In addition, the schools are motivated by a desire to re-invent education, said Cabrera.
"This is a revolution," he said.
The MBA@UNC program wants a piece of that action, said Douglas Shackelford, associate dean of MBA@UNC and the Meade H. Willis Distinguished Professor of Taxation, according to a press release.
"High-quality teaching and learning experiences are critical to our approach, and we are ready to shatter perceptions about online education," said Shackelford. "Technology has transformed all parts of our lives and, ultimately, it will redefine education, too. We have the opportunity to rethink how we teach what our students need to know, and UNC Kenan-Flagler has a rare opportunity to lead a transformation. We are excited to be in the vanguard of that change."
-By Francesca Di Meglio