Posted on 10/22/2015 1:18:23 PM PDT by SeekAndFind
Arizona State University ranked number one on the US News & World Report's 2015 Most Innovative Schools list, besting second-place Stanford for that award.
It seems the university is putting that innovation into action with a recent announcement that it will be the first school to offer its full-time MBA program completely free of charge, as first reported by Poets & Quants.
Though it would come at a financial loss more than $20 million annually the school believes it is an important and necessary investment that will grow an entrepreneurial community of graduates who otherwise wouldn't be able to attend the school.
If someone has a great start-up idea, and they know they would be more successful in their venture if they had the skills and networking that an MBA would give them, they might be concerned about spending the money because it takes away from the capital needed for the start-up venture, Amy Hillman, dean of the W. P. Carey School of Business at Arizona State University, said in a statement.
Currently, tuition for the full-time MBA program at the W.P. Carey School of Business is $54,000 for in-state residents, $87,000 for out-of state residents, and $90,000 for international students.
The funding for the free MBA dubbed the "Forward Focus MBA program will largely come from the endowment from William Polk Carey, a real estate investor who donated a $50 million naming gift to the business school in 2003.
US News & World report ranks the W.P. Carey School of Business 30th best business school in the US. The average GMAT score at Carey is 673 out of a total 800.
(Excerpt) Read more at businessinsider.com ...
“Though it would come at a financial loss more than $20 million annually the school believes it is an important and necessary investment that will grow an entrepreneurial community of graduates who otherwise wouldn’t be able to attend the school.’
They will make it up in volume.
Cheaper than Father Guido Sarducci’s Five Minute University?
At the end of the TV show, 30 Rock Thursday Jack Donagy (the character played by Alec Baldwin) was giving a little talk about supporting the dreams of your children.
In almost a throwaway line he said you should tell your children they’re smart “even though they went to Arizona State.”
There’s got to a be a story there with a writer on the show.
I’m sure it’s worth every penny...
They have an online accredited MBA, too!!!!
https://wpcarey.asu.edu/mba-programs/online
Smart and Smarter?
If they are just teaching young professionals how to better screw over their home country workers with new cheaper H1B hires and other techniques to privatize profits and make society eat the costs, then not so much.
This sounds like it's a pretty good school, so I don't get where the derisive comments are coming from. I forwarded the article to my #1 son, who will graduate from UNC-Charlotte next spring with a B.A. in Marketing. He's just gotten the idea that an MBA might be a good next step ... and I'd be thrilled if he went to Arizona for it rather than living at home another couple of years.
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