With the rising use of the Web throughout the globe and the growing popularity of online education, higher education organizations are establishing innovative methods to use these tools in an effort to obtain a competitive edge. As an example, in October 2010, the London Institution of Business, as well as Money (LSBF), ended up being the first organization to provide an internationally recognized MBA program via Facebook. This social networking titan has more than 500 million users, 175 million of whom log on every day, so it is not unexpected it was the social networking site of selection for LSBF.
Via the LSBF International MBA, a Facebook application, individuals can access hundreds of hrs of material, including 15-minute video lectures; talk about case studies; engage with reps from companies such as Deloitte as well as Accenture Administration Consulting, and take part in research sessions. Various other functions include a note-taking tool as well as interactive examinations.
Another aspect that makes LSBF’s brand-new program distinct is that the thousands of hrs of material available via the Facebook application are cost-free. Individuals just pay tuition if they choose to look for official certification. They pay the very same quantity as for LSBF’s campus as well as standard online MBA programs-between $22,000 and also $23,000. These pupils, who need to meet program needs (e.g., possessing a bachelor’s level or five years of specialist work experience), get access to additional products on LSBF’s understanding monitoring system. To make the level, which is approved by the College of Wales, they need to pass the program exams.
Aaron Ratingen, LSBF’s owner and also Ceo, anticipates the Facebook MBA program will amass 500,000 individuals by the end of the very first year. Until now, greater than 73,000 individuals “like” the LSBF International MBA web page, with tens of hundreds of people accessing the courses, which include audit, corporate finance, advertising and marketing, ethics, as well as calculated planning.
Access to Understanding Without the Threat
Ratingen recognizes the huge potential of internet education and learning and said the new program promotes access to understanding. Another benefit of providing example programs with Facebook and also other social networking sites is the wonderful marketing possibilities it provides to schools supplying online programs. “The more youthful generation [are] all on social networks. If you can get them on Facebook to test-drive a course, after that you can get them to really register,” stated Steve Parscale, Supervisor of Accreditation at the Accreditation Council for Service Schools and Programs. The exact same may also be true for members of older generations, who are significantly utilizing Facebook also.
By permitting people to use the various resources on Facebook, the LSBF program has actually eliminated the danger for those curious about finishing the program. By permitting trainees to test drive the program prior to paying, Etingen hopes that college graduation rates will increase (which he points out as being less than 25% for online MBA programs).
Nonetheless, some individuals may be turned off by a fundamental element of the Facebook version of the MBA program: Similar to various other Facebook applications, to access the LSBF Worldwide MBA application, an individual needs to enable the app to access his/her name, Facebook ID, profile picture, as well as good friends list. Though requiring this info may be taken into consideration as invasive, it is an element that enables individuals to see what other LSBF Global MBA users are working on, participate in dialogue, as well as address each others’ questions.
Check out The Rooftop Guide for additional tips and information.