Showing posts with label Online MBA. Show all posts
Showing posts with label Online MBA. Show all posts

Friday, November 16, 2018

Princeton Review: NC State Online MBA #9 in the world

The great rankings news keeps coming!  This time it is Princeton Review which ranked NC State's MBA #9 in the world on their list of the Top 25 Online MBA Programs.  The ranking is based on a student survey, along with school-reported data on graduation rates, student quality, faculty qualifications, student and career services, and technology support.  Kudos to all who have contributed to the program's success.

Monday, January 15, 2018

NC State online MBA rises in US News rankings

NC State's online MBA rose 4 spots to #14 in the US in the latest US News and World Report rankings.  The program ranked very strongly in terms of student engagement and admissions selectivity.  The program has been in the top 20 every time US News has ranked online MBAs.  Our growing enrollment provides further evidence that NC State offers a great online MBA and a fantastic value.

Wednesday, January 11, 2017

NC State online MBA stays in US News top 20

More great rankings news!  For the third year in a row the NC State online MBA has placed in the US News and World Report top 20.  The program placed 18th, tied with Mississippi State and South Florida.

The US News rankings are based on faculty credentials and training, student services and technology, student engagement, peer evaluations, and admissions selectivity.  I am especially proud of how well we scored on the student engagement dimension.

I was fortunate enough this fall to have my first opportunity to teach the online core economics course.  It was one of the best teaching experiences I have ever had.  More people come to your office hours online than they do in day or evening instruction.  Accessibility matters, a lot!


Wednesday, January 13, 2016

NC State Online MBA ranked #15 by US News

The NC State Jenkins MBA received more great rankings news this week.  US News and World Report issued its most recent ranking of online MBA programs and NC State placed at #15.

This is very close to where we finished in 2015.  The program was most highly rated in the area of student engagement (#9).  We also did well on admissions selectivity (#37) and student services and technology (#39).

For whatever reason we did not do as well on faculty credentials and training (#69), despite the fact that -- unlike most other online MBAs -- the faculty teaching online are the same as those teaching our and face-to-face students.  The top two schools on this dimension are Arkansas State and California Baptist; well-regarded schools such as Carnegie-Mellon, UNC, Indiana, and Arizona State are not even in the top 10.

Student interest in the NC State Online MBA continues to grow by leaps and bounds.  We are meeting the market test, as well as scoring well on the rankings.  I expect the best is yet to come.


Thursday, October 9, 2014

What does the future hold for full-time MBAs outside the top 20?

In an interview with P&Q, outgoing Pitt dean John Delaney thinks the future will not be pretty.   He sees a lot of programs with 60 or fewer students total and questions their ability to survive.  The applicant pool keeps getting smaller and younger.  Many of these schools are offering financial aid to most (and in a few cases, ALL) of their full-timers.   Those that do not have a generous alumni base or a successful exec ed revenue stream will have trouble maintaining this level of aid support.

Tough question: what will determine which programs fold and which prosper?  I see three factors:
#1) Location: Some very good universities are located in very remote areas.  This is a hindrance for an MBA program where networking with the business community is a key element of the degree's ROI.
#2) Differentiation: All too many MBA programs are clones of each other.  Could you tell the difference between the Georgetown and Georgia MBA programs if you just looked at the list of courses and requirements?
#3) Experiential learning: Programs that focus on textbooks and historical cases will lose market share to those where students work in teams that consult with real companies on live cases.  The students with hands-on experience will be better trained and will have better networking opportunities.

NC State's Jenkins MBA is well-positioned on all three fronts.  We are located in one of the best places to live and work in the country.  We have followed a differentiation strategy focusing on innovation.  And the program is extremely experiential, perhaps more so than any other program in the country.  Maybe that is why we are rising in the rankings and enrollment numbers for 2015 are looking very, very good?

Tuesday, September 16, 2014

Will MBA programs become unbundled?

Poets and Quants editor John Byrne has an interesting piece in USAToday regarding how technological disruption is likely to affect MBA programs.  Right now a good MBA program is a bundle of services that create value for students.  It starts with instruction from great professors, but also includes career coaching, networking with alumni and fellow students, and placement services.

MOOCs already threaten the instruction part of the bundle.  In the not-to-distant future, business students will be able to obtain certificates of completion for all MBA core subjects plus a mix of electives in mainstream subjects such as finance and marketing.  Byrne thinks that free MOOCs will quickly put MBA programs that lack strong career services and networking out of business.

Byrne does not address the possibility that other providers will step up and provide coaching, job contacts, and networking.  Students pay a hefty premium to get into the very top MBA programs.  The academic content of the core MBA courses is pretty much the same across all institutions, which implies that the perceived value of the nonacademics is driving the price premium.

This leaves open the question of how communication and leadership skills are developed.  These skills are #1 on the list of MBA recruiters.  Many of the top schools restrict admission to students with strong skills in this dimension; employers use a degree from those schools as a signal that the student possesses those skills.  Other schools invest heavily in training that changes student behavior.

My take: I am skeptical that MOOCs will be very helpful for developing the so-called "soft skills." Schools that take those skills seriously should be able to stay in business, and perhaps even prosper.