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The explosion of online business programmes has greatly affected B-schools and experts predict that most of them will shut down in next 10 years. In fact in the coming 25 years the way you earn a business degree will change drastically.
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How You Will Earn MBA In The Future What is the future of MBA? It’s online! Technology has empowered students to pursue entire MBA programmes at highly affordable tuition fees and learn from the best professors from best institutes from across the globe. Anny Gordon 9/29/2014
What do you think business education will be like in the near future? Would we
still attend lectures in classrooms and be burdened by debt to earn an MBA?
Not likely. In fact most will not even attend a classroom. The lectures,
assignments and student discussions will happen online. Business students will
be able to access every aspect of the learning experience as many times as they
want to learn the lessons effectively.
MBA In The Future
Most reputed and established professors will become convincing teachers and
several among them will act as free agents
who will not be attached with any single
institution or university. With the help of
technology, free-agent professors will
teach students directly and the universities
will probably end up acting as middlemen
looking for a chunk of the profits.
Moreover, educators will not require any
university affiliation as online education
will enable these professors to establish
their own brands.
The cost of higher education will reduce
drastically and business education will
become modular by nature. As a student
you will have the option to select the best universities and best professors from
around the world to earn a postgraduate business diploma or degree that
interests you. The need for sitting in classrooms for hours will be eliminated
and earning degrees and diplomas will become much easier and affordable.
Source: slate.me/1vqFPKG
Will It Spell Doom For Business Education?
I don’t think so. As MBA increasingly
goes online, different elements of
traditional B-school learning will also
become unbundled, including student
selection, social development,
extracurricular leadership, alumni
networking and career management. As a
result a huge number of business schools will end up losing their appeal.
Richard Lyons, Dean of Haas School of Business, University of California
Berkeley has unflinchingly claimed that almost 50 per cent of US business
schools will be out of business in the next 5 to 10 years. In fact, Clay
Christensen of Harvard Business School believes that half of the universities in
the US might go bankrupt in the coming 15 years as a result of the growing
demand for online learning.
Disrupting the B-School Model
However, the collapse of the business
schools will not be due to the falling
demands of business degrees. Paul Danos,
Dean of Tuck School of Business
(Dartmouth College) said “Businesses have
grown enormously in complexity and scope,
and more than ever they need ethical, skilled,
well-educated, creative leaders who are global in outlook.”
As education is now being effectively delivered through the internet, it has
created extensive interference in the business of business education. The fact is
technology has resulted in reducing the cost of education as it is now being
Source: bit.ly/ZkewHc
Source: bit.ly/1nySMlN
delivered to immeasurable number of students. Moreover, if you want to pursue
an MBA without quitting your job or if you want to attend a specific
programme offered by an institute on another part of the world, then online
business education can make it possible for you.
The explosion of online postgraduate business diploma programmes and
MOOCs (Massive Open Online Courses), which are largely free, is greatly
affecting the source of income of most B-schools.
Power of Technology
Technology has empowered students like you to
pursue entire MBA programmes at highly affordable
tuition fees and learn from the best professors from
best institutes from across the globe. You can choose
to combine different courses online and earn
accredited qualifications. This will not only add value
to your resume but will also make you equal to
traditional business school graduates.
There may be still some challenges and online programmes might lag somewhat
behind on-campus programmes, but in the coming 25 years all that will
probably change to a great extent.
So What Does It Mean For You?
If you want to earn an MBA, then you can simply earn
a postgraduate diploma in business online from a
recognised B-school, irrespective of its location. You
can easily work full time and still manage time to study
at your convenience without slogging through the
coursework.
Source: bit.ly/1uVV10I
Source: bit.ly/1DR3p84
Although the changes that will occur in the next 25 years will create new
challenges and alter the way we learn, but eventually you will greatly benefit
from the evolution.
What do you think about the boom of online business education? Feel free to
share your thoughts and concerns by commenting below.
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