It is an exciting time of year. Universities and Colleges have flung open their doors with the start of their fall semesters and quarters. This new season in universities is a beginning to the school year as well as a time bringing new beginnings in the Online MBA world with announcements of new programs and an exciting new certificate. Also this month, Online MBA Today released the Top 50 Online MBA Programs Ranking, ranking the top 50 Online MBA programs from almost 450 around the US. Finally, Penn State released an article about a consortium of some of the top schools with online MBA programs, and US News and World Report published an article highlighting important topics for prospective online MBA students to consider.
This News in Review is proud to highlight Babson College, the University of Denver, Santa Clara University, and Indiana University.
Enjoy the latest news for Online MBAs!
New Online MBA Programs
Babson College is expanding to Miami in fall 2018 with several new graduate programs, including their highly-ranked Blended Learning MBA. This program combines face-to-face and online instruction. The program is already highly ranked by the Financial Times at its other campuses.
Miami is Babson's third location. Its main campus is Wellesley, Massachusetts, and it also has campuses in Boston and San Francisco. Babson College is a private business school with a central focus on entrepreneurship education. Founded in 1919, it is regionally accredited by the New England Association of Schools and Colleges, Commission on Institutions of Higher Education.
University of Denver
The University of Denver is launching a new Online MBA program through the highly acclaimed Daniels College of Business. The program is a 60 credit-hour, AACSB-accredited program using software from 2U, an education technology company. Applications are being accepted and classes start in January 2018.
Founded in 1864, the University of Denver is the oldest independent private university in the Rocky Mountain region of the U.S. Located in Denver, Colorado, it is a four-year institution with around 5,600 undergraduate students and 6,100 graduate students.
Santa Clara University
In January 2018, Santa Clara University's Leavey School of Business will launch an innovative online MBA program. The program is 70 units aimed at mid-career professionals and can be completed in two years. The program includes a skill-building component called "Silicon Valley Professional Dashboard" (SVP Dashboard), which tracks students' skills, practices, and mindsets necessary to succeed in Silicon Valley and helps them plan their electives. Students will attend two three-day, on-campus residencies that emphasize leadership.
Santa Clara University is a Jesuit, Catholic university in Silicon Valley. It offers master's degrees in business, education, counseling psychology, pastoral ministry, and theology; and law degrees and engineering doctoral degrees. It is California's oldest operating higher-education institutions and is regionally accredited by the Western Association of Schools and Colleges, Senior College and University Commission.
The Kelley School of Business at Indiana University just announced a online dual certificate in cloud-based analytics in partnership with Microsoft. Students will be able to transfer the 12 credits earned in this program to Kelley's top-ranked online MBA program.
A public university, Indiana University is a multi-campus institution with more than 110,000 students. Its flagship campus in Bloomington, Indiana, was founded in 1820. It has an accreditation from the Higher Learning Commission.
Penn State Smeal hosts, Cameron co-leads new Online MBA Consortium
Penn State's Smeal College of Business hosted a two-day meeting for some of the top online MBA programs in the country, which make up the Online MBA Consortium. Participating schools included: Penn State, University of Texas – Dallas, Temple, North Carolina State, Florida, Indiana, Auburn, Arizona State, Carnegie Mellon, and North Carolina. The consortium aims to find solutions for three common problems faced with online MBA programs:
- How to scale instruction to accommodate demand with limited faculty resources while maintaining a high-quality student experience
- How to market efficiently to a more discerning pool of students
- How to incorporate different pedagogical models — asynchronous vs. synchronous
The consortium will conduct a survey of other institutions offering online MBAs and will report back at the MBA Roundtable Curricular Innovation Symposium in October 2017.
U.S. News Data: Is a Top Online MBA Worth It?
A report for U.S. News and World Report has found that on average, 43.8 percent of students who graduated from top 20 ranked online MBA programs in 2015-16 had an average debt of $37,172. However, they also received an average salary increase of 26.4 percent post-MBA. It should be noted that only seven top-20 schools reported back on this. The article goes on to suggest four ways to determine if an MBA will be worth the investment
- Do you actually need an MBA?
- What are the pros and cons of an online program?
- How important is a top-ranked education?
- What is your return on investment?