Previous Story
ASU to offer 120 scholarships for MBA students
Posted On Oct 16 2015
Comment: Off
In an attempt to attract a more diverse student body, Arizona State University’s business school has arrived at an innovative pricing schedule.
There are 86 first-year students now in Arizona State’s full-time MBA, though the school enrolls thousands more through its part-time and online MBA programs.
In-state students now pay $54,000 a year to enroll in the program, a number that jumps up to $87,000 for out-of-state students and $90,000 for worldwide students.
The money for the program, called the Forward Focus MBA, comes from the endowment of William Polk Carey, a real estate investor whose foundation donated $50 million in 2003 to the business school that now bears his name.
Hillman said she hopes the program will break down the barrier to education for students who felt that pursuing such a degree would be too costly.
In addition to the scholarships, the program will offer four new courses and learning labs to merge business practices with non-traditional markets, such as healthcare. University administrators swear the desert sun hasn’t baked their brains; rather they hope this new program will bring in students with “nontraditional backgrounds and career aims”, as the Journal puts it. “We’re very hopeful that we’ll get more high-quality applicants as a result of this program, and the kinds of people who might think they can’t pursue a top MBA program”, Fortune quotes from a statement by dean Amy Hillman. “To see this involvement and emphasis come to fruition, it’s an exciting time”. While the money was originally set aside for faculty recruiting, Hillman told the Wall Street Journal, the business school’s administration made a decision to spend it on students.
Olsen, who now works as a Media Consultant for Cox Media, said programs such as Forward Focus will provide the business community with highly-skilled candidates to recruit from and allow current employees to stay competitive within the job market. She said about one third of the program’s current class are aspiring entrepreneurs.
