The passing of September has ushered in the official start to fall. Leaves are changing, classes are starting, and the semester is in full gear. Universities and colleges are starting new programs, as well as looking forward to announcing new things for next semester and the new year. These new programs not only offer more opportunities for a prospective students, but new programs also offer different formats, views, and curriculum content.
Also this month, Online MBA Today released our newest ranking of the Top 50 Best Value Online MBA Programs. This list is a product of evaluating almost 450 online MBA programs based upon their Accreditation, Estimated Tuition Cost, and PayScale Early Career Salary. Each highly accredited program was ranked upon their potential Return on Investment, based on these factors. For more information about other online MBA programs, check out our article on the top MBA specializations and explore our other Online MBA Rankings. Finally, Fortune published an interesting article on MOOCs within the Online MBA world, and the Augusta Free Press published an article highlighting critical skills that online MBA programs can help business professionals develop.
This News in Review is proud to highlight Sonoma State University and Virginia Commonwealth University.
Enjoy the latest news for Online MBAs!
NEW ONLINE MBA PROGRAMS
Sonoma State University
Sonoma State University, considered by some to be the country's leading institution for the wine business recently announced it will how offer a hybrid MBA in wine business beginning in the fall of 2018. This program will mix online and on-campus coursework. Students will complete three-month modules online, followed by a 10-day on-campus module, which students will do four times throughout the course of the program. In addition to coursework on subjects such as brand management and wine value chain strategies, they will also complete an integrative change project.
Sonoma State part of the California State University system and is a public institution. It is located in Rohnert Park, California, 50 miles north of San Francisco, and is one of the smallest schools in the 23-campus system. Opening its doors in 1961, the university offers 92 Bachelor's degrees, 19 Master's degree, and one Doctoral degree. It is accredited by the Western Association of Schools and Colleges, Senior College and University Commission.
Virginia Commonwealth University
Virginia Commonwealth University has launched its first online MBA program. It is a two-year, part-time program done over six semesters. Lectures are delivered via online videos, and students also participate in weekly conference calls. While done nearly entirely online, there are three on-campus residencies throughout the course of the program. As interim dean Ken Kahn said about this combination, "Some people will think about an online program: You never see anybody. Well, we force you to see your peers and to develop [resources and relationships]. The intent is really to have a community feel, but to deliver it in an online setting."
VCU is a public, research university in Richmond, VA. Originally founded in 1838 as the medical department of Hampden-Sydney College, it became the Virginia Commonwealth University in 1968. It is home to over 30,000 students with an 18 to 1 student-faculty ratio. Its institutional accreditation is through the Southern Association of Colleges and Schools, Commission on Colleges, while VCU's business school is accredited by AACSB International.
Data Sheet—Coursera Looks to Turn Online MBAs Into a Viable Business
From Fortune's Data Sheet column comes an article entitled Coursera Looks to Turn Online MBAs Into a Viable Business. Founded five years ago, Coursera is a MOOC (massive open online course) company. While it has focused on specific "trade" classes, like coding, data science, and machine learning. But it has also created online degree programs with well-known universities, such as an online MBA with the University of Illinois. This program costs $20,000, as opposed to, according to Jeff Maggioncalda, the $118,000 it would cost in-person. However, the article closes with the statement that, while MOOC companies are great ideas, it remains to be seen if they will be sustainable business models in the future.
Important skills you will develop and improve when you complete an MBA
The Augusta Free Press ran an article this past month on "Important Skills You Will Develop and Improve When You Complete an MBA." With a focus on opening career opportunities for graduates, the article listed five skill sets MBA programs help to develop:
- Financial Management
- Human Resources
It ends with the reminder that these skills are invaluable to all employers or for those who are looking to set off on their own business endeavors.