Georgetown, Maryland Add Online Business ProgramsLouis Lavelle
The number of top-ranked business schools jumping into online education continues to grow, with two schools announcing online graduate business programs this week.
Georgetown University’s McDonough School of Business introduced a new MS in Finance program that begins in January and costs $68,000. In addition to online instruction, which students participate in simultaneously, the program includes an on-campus residency and a global consulting project that gives students a chance to work with an international company and travel abroad to present their findings.
The curriculum is based on McDonough’s coursework and will be taught by the school’s faculty and former executives. McDonough says students will experience the same interactive, small-class atmosphere characteristic of its on-campus offerings.
The University of Maryland’s Smith School of Business launched an online MBA program, also beginning in January, at an expected cost, subject to final approval, of about $80,000. The Smith program is modeled on the school’s existing executive MBA program but is delivered online with short, on-campus residencies at the beginning and end of the program. The program, which can be completed in 21 months, includes two hour-long sessions per week that allow students to interact with faculty and other students. The remaining coursework can be completed at each student’s convenience.
The program is expected to duplicate many aspects of the existing MBA curriculum. Students will work together in groups on “action learning” projects—using what they’ve learned in class to tackle real-world problems—which will entail remote project meetings and presentations.
The announcements by McDonough and Smith follows a similar announcement in April by Carnegie Mellon’s Tepper School of Business, whose $118,000 online MBA is set to start in August. In all, nearly two dozen ranked business schools have launched online graduate business programs, including Indiana University’s Kelley School of Business and the University of North Carolina’s Kenan-Flagler Business School.