ASU plans full scholarships for all incoming full-time M.B.A. students http://www.marketwatch.com/story/ariziona-state-university-offers-a-free-mba-2015-10-19
:eek:Welcome to the future-- all higher ed will be free within two decades--- wonder what will happen to those finance profs making $350k plus per year??
So the tuition is free because alumni donated money to an endowment to make it free and still pay the finance professors the going rate required for a quality PhD in finance to chose to be a professor vice the other options available to them. Money the alumni presumably feel they earned because of their MBA, otherwise they probably wouldn't have chosen to donate to that particular cause. So at least for them, it had pretty significant value. Most of the alumni at my school donate significant amounts as well and the endowment size is almost ridiculous, so all of us obviously feel the MBA was worth a lot. If it wasn't worth anything, none of us would have money to give to those programs, would we! As the saying goes, money talks, BS walks.
I'm an electrical engineering undergrad, but learned a ton in an MBA program even though it wasn't nearly as rigorous in a quant or theoretical sense. The combination of knowledge bases is pretty powerful though.
Thats a great combo because most EE's dont get biz. My father is one and knows nothing about biz . My wife is a PhD in finance microstructure and i was shocked how much finance profs earn. Not bad for working 2 days a week and having the summers off---
That's an interesting point. But then to be consistent it would mean a degree in art history from a private college really is worth $150k.