Claremont Lincoln University Launches Socially Conscious Master in Public Administration Program - thepress.net

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Claremont Lincoln University Launches Socially Conscious Master in Public Administration Program - thepress.net Claremont Lincoln University Launches Socially Conscious Master in Public Administration Program - thepress.net Posted: 23 Nov 2020 04:05 AM PST CLAREMONT, Calif. , Nov. 23, 2020 /PRNewswire/ -- Claremont Lincoln University  (CLU), a non-profit online university offering master's degrees through a Socially Conscious Education®, is launching a new Master in Public Administration  (MPA) program. The program leverages a partnership with the Lincoln Institute of Land Policy, and is designed to equip students with the skills required to facilitate leadership in public policy, governance and resource stewardship, with an end-goal of achieving equitable, cross-sector solutions to complex societal problems. "Our society is facing immense issues that dramatically impact the quality of life for so many. There's never been a

What It Now Costs To Get A Top-25 MBA Degree - Poets&Quants

What It Now Costs To Get A Top-25 MBA Degree - Poets&Quants


What It Now Costs To Get A Top-25 MBA Degree - Poets&Quants

Posted: 02 Nov 2020 12:00 AM PST

The cost to attend a top-25 school went down in some places, but was up again this year overall — despite the coronavirus pandemic that has moved most instruction online. Getty

How did coronavirus impact the bottom line for MBA candidates entering the top 25 programs in the United States in 2020? Very little.

Covid-19 may have slowed the rise of overall costs, but not by a lot. A Poets&Quants analysis of tuition, living expenses, and other costs associated with attending one of the leading full-time, two-year MBA programs finds that the global pandemic led several U.S. schools to freeze their tuition, which in turn led to costs declining for the first time in some places. But overall costs continued to creep upward, and the $200K club — schools that charge that much or more for two years of graduate business education — has grown once again.

Thirteen schools are now in that rarefied club, up from a dozen last year and nine in 2018, after the University of Virginia Darden School of Business grew its costs by about 3% to reach a two-year total of $200,644. Four more schools are knocking on the door with more than $190K in tuition, fees, room and board, and other costs over two years. But leading all schools, as it did last year, is MIT Sloan School of Management, where an MBA for those who began classes this fall will cost $241,692 by the time they cross the stage (hopefully in person) in 2022.

MIT was followed by NYU Stern School of Business ($238,502), Stanford Graduate School of Business ($237,288), Columbia Business School ($235,266), and Dartmouth College Tuck School of Business ($224,000) — see a complete table of total cost data on page 2.

DARTMOUTH BOASTS THE HIGHEST TUITION FOR A FULL-TIME MBA PROGRAM IN THE WORLD

Dartmouth Tuck had the highest annual tuition this year at $77,520, just barely topping Columbia and MIT, while Stanford again had the highest cost of living. Eight schools froze tuition for this coronavirus intake, while one, UNC Kenan-Flagler Business School, shrank it slightly. Two others — UCLA and Indiana Kelley — raised tuition only nominally, by $10 and $3, respectively. See charts below.

Overall, the average cost to attend a top-25 MBA program in the U.S. for two years is $195,416, up 0.7% from $194,031 in 2019. However, that is a rebound from the two-year period between 2018 and 2019, when the average actually decreased by 1%. (The average total cost at the top 25 in 2018 was $196,067; in 2017, $185,747.) So when it comes to how much new MBA candidates are paying to attend an elite U.S. B-school, a worldwide pandemic didn't help their wallets, despite the online delivery of many programs this fall (a reality that is likely to persist into the spring).

How do these costs compare with the ten-month-long MBA program at INSEAD? At what is Europe's No. 1-ranked business school the tuition now totals $103,626, while living expenses come to $28,356 at the Fontainebleau campus in France or $32,250 at the Singapore campus. So the total comes to $131,982 in Europe or $135,876 in Asia.

Note: This story originally posted Wharton's tuition as the highest in the world, as that school publishes a "tuition plus fees" number that eclipsed $80,000 this year (like last year). But a breakdown of costs shows that Wharton froze its tuition this year at $74,500 — still seventh-highest in the world, but not the highest by about $3,000. Wharton is also seventh-highest on our total cost list (see page 2). 

BREAKING DOWN COSTS AT THE TOP 25 & TOP 10

Back in the U.S., among top-25 schools UC-Berkeley Haas School of Business saw the biggest increase in total cost year-over-year, a 4.7% jump to $212,696. Cornell University Johnson Graduate School of Management saw a 3% increase, to $199,520, and a handful of other schools had increases of less than 3%. Overall out of 25 schools, 19 were up in total cost at an average of 1.9% and $3,901, and six were down, at a 2.6% and $5,551 average. The biggest drop: UCLA's Anderson School of Management shed 4.6%, more than $10K.

By far the biggest portion of MBA programs' cost, of course, is tuition. Fifteen schools have tuition rates of $70K or more, up from 13 in 2019 and nine in 2018. The highest annual tuition is at Dartmouth Tuck ($77,520), followed by Columbia ($77,376), MIT ($77,168), and Stern ($76,780). Among the eight schools that froze tuition, Harvard did it for the second year in a row; Columbia, MIT, Wharton, and Yale were the other top-10 schools to forego 2020 hikes. Notably, eight schools also froze their estimates of living expenses this year.

In the top 10, eight schools up were up in total cost, at an average increase of 2.2% or $4,758, with Berkeley Haas the highest: up $9,628, or 4.7%. The two other schools, Wharton and Tuck, were down 2.8% and 2.6%, respectively. The average total cost to attend a top 10 school: $223,750, up $2,558 (1.2%) from 2019's rate of $221,192. Average yearly tuition at a top-10 school is $75,215, up just $268 or 0.4% compared to 2019 ($74,947) — very similar to the increase between 2018 and 2019.

The school with the biggest tuition increase: Emory University's Goizueta Business School, which upped tuition 6.1% to $69,399.

Looking back four cycles, the school with the biggest cost increase is MIT, up $40,664 (20.2%).

CALCULATING COST OF LIVING: WHY SO LOW?

Every year we feel compelled to include this section of the story. To wit: B-schools' calculation of living expenses in their total cost estimates is a source of ongoing debate. Living expenses for New York, Los Angeles, Philadelphia, Chicago, or the Bay Area of California often seem to drastically underestimate the actual expense of living in these places.

It is a fact that most B-schools' estimates of annual living expenses are far below realistic. For example, NYU Stern says its MBA candidates should budget $26,804 (up a fraction from last year's $26,780) for a year in New York City, a town where the average rent for a one-bedroom apartment, according to Rent Jungle, is $3,228 per month. That's to say nothing of the cost of food and the occasional item of clothing or night out (socially distanced, of course). Columbia, in the same town, is even worse, budgeting only $24,822. Across the country, Stanford is a bit more realistic about the cost of living in pricey Palo Alto, budgeting a "living allowance" of $33,693 — but consider that, according to Rent Jungle, the average cost of an 800-square-foot closet anywhere in the vicinity of Stanford's campus is just shy of $3,000 per month. And again, there's that whole eating thing.

As we make certain to note every year for this story, Stanford doesn't have just one number that it applies to all students' situations. Rather, the school indicates that married students should budget a yearly living allowance of $55,929 (up from $54,300 in 2019). Which is great — until you realize that by doing so, your total cost to attend GSB has ballooned to $281,760 over two years. Further down the rankings, Indiana University's Kelley School of Business has widely disparate cost estimates for in-state versus out-of-state residents. Indiana residents can expect to pay $27,864 in tuition, a little more than half what everyone else pays: $51,454. That's a big enough difference that it might be worth it to live in Indiana for a while before starting your MBA.

See the next page for complete charts of the total cost, tuition and living expenses for the top 25 U.S. full-time MBA programs.

Has COVID education taught us to change the way we learn? - Geektime

Posted: 21 Nov 2020 12:00 AM PST

If there was one vertical that has been hit hard during the pandemic it has been higher education. As the Great Accelerator, COVID expedited trends that were already happening, causing them to happen in months instead of years. Higher education was already changing due to online courses, the rise of global entrepreneurship, and the cost-benefit analysis of paying a high price for a degree such as an MBA (that many times was only differentiated by the degree's prestige and network). Students were looking for more skill development, and many were already flocking to programs like General Assembly and the Holberton School to learn coding skills.

During the continuing pandemic, universities, especially in the United States, are suffering financial challenges; students do not want to pay the hefty price tag for the honor of attending a university because in the near future a four-year degree may not be worth as much. However, the picture is complex, the pandemic has worsened undergrad enrollment as this "most recent data from the National Student Clearing House, which analyzes data from 3.6 million students from 629 colleges, indicates that undergraduate college enrollment is down 2.5%", but not necessarily MBA enrollment.

This data shows there has been an increase in students applying for MBA programs, however, enough potential students believe it may future proof their resume: "at Columbia, for example, applications rose by more than 18% to nearly 7,000 — an increase of more than 1,000, or 18.6%. That blows away the school record of 6,188 set in 2016-2017."

From a personal perspective when the pandemic began, I considered getting an executive MBA (though I am an entrepreneur at this point). I am a lifelong learner and some elite institutions were waving GMATs (at the time). After some initial research I concluded that the workload and the cost out of pocket for me were not worth it, even with a degree from a top program. As the old adage states, when the student is ready the teacher will appear, and appear it did, in the form of digital content and an app on my smartphone.

Entrepreneur MBA

When it came to sharpening my mental toolkit, I feel a good use of time has been taking the PowerMBA. There are other courses out there such as Seth Godin's altMBA and NYU professor Scott Galloway's courses. While I am a fan of Professor Galloway's books and insights, I ended up choosing the PowerMBA.

Continuous education is such an important aspect of the post-COVID economy; learning to be nimble, and learning real skills and mindsets one can monetize online in this economy are keys to becoming recession proof. What is important today, especially for those who are entrepreneurs, solopreneurs, or a small to medium sized business owner is finding an effective framework not just to learn theory but also practical skills on how to grow their business.

An aspect I like about this program is its creative use of cheap/free resources such as Typeform, Telegram, and LinkedIn to effectively not just engage its students, but also to market the program globally (they got me with Instagram ads). I feel that the team at the PowerMBA have internalized many of the lessons they have been sharing with us; call it Hustle 101.

From a local perspective Uri Levine of Waze is one of the instructors, and a large number of students are based in Israel. As ThePowerMBA co-founder Borja Adanero states "we ran a number of tests to see the reaction to our value proposition in different countries, and the response from Israel was very exciting. Because Israel is a country with a vibrant startup community, we felt that the content that our program provides, and the way it allows people to learn while they're doing the actual work and to apply it straight away, would be just right for the market here."

COVID networking

Who have been the winners of the pandemic? Those who have a backyard, but also professionals who had a network pre-COVID. It is hard to build, though not impossible, to develop new relationships during this time. Zoom, Hopin, and other platforms offer just average experiences, and the events themselves take a long time with the breakout sessions being awkward most of the time.

I realized that when I got to Israel that I would need to be networking and decided to go the route of building community first. So, I spoke with my friend Alex Taub, the founder of social networking app Upstream (whose co-founder is Israeli born Michael Schonfeld) about helping build their community here in the Startup Nation.

As Taub states "at Upstream when we built our events component, we were trying to mimic the experience of going to an in-person event and socializing before the event started. The 20-30 minutes before a panel and fireside chat when you met people, exchanged contact info and then followed up after the event. That's what we thought we could virtualize."

He further adds "there are communities being added daily ranging from job functions like a Biz Dev and Customer Success communities. They are industry specific like a Healthcare community and a Sports Business community, to locations like an LA tech community and one of my favorite communities - an Israeli Tech community."

Both the Upstream events, and the Telegram group curated by ThePowerMBA have been a source of connecting with good people here in the Startup Nation. The real challenge platforms that Upstream are looking to solve is how to develop authentic relationships during the pandemic. Most importantly, how can you create serendipitous relationships digitally, something that is missing during these days of lockdowns and Zoom. Personally, I have felt Upstream has gotten the closest to that experience.

This is 2020 though, and life moving forward; online education and digital networking will be the norm, but it does not have to be all that bad. As humans while we crave social interactions the solutions these entrepreneurs created come close to the real thing.

Written by Jonathan 'Yoni' Frenkel CEO of YKC Media

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