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This G-Tech computer science program alone has 4,000 students and it's still in its infancy. Why can't the same business model be used for other majors such as business, communications, math, etc.?
I did most of a MBA online at a pretty well known university. I think I am like 5 classes shy of finishing. I don't think it is for everyone though. Also, the ability to cheat is off the charts. Personally, I don't think it is a good model.
Regulated fields will not be impacted - not right away at least. Though with medicine for example, technology is already there for top specialists to lead surgeries being done remotely so it's possible this same process can be translated to instruction. But less regulated fields like business, computer science, math, communications/media, etc. will feel the competition right away.
There are many ways to network. You can take an entry level job locally in a national/multinational company (eg, Cargill) and network internally. Or you can travel to industry conferences and sports tournaments. You can also volunteer for a not for profit that has locations nationally/globally. This is nothing new.
Well NYU, Fordham and Columbia aren't comparable to Stanford and Berkeley in computer science/tech either.
Oh I never said NYU, Fordham, or Columbia were comparable to Stanford or Berkeley in computer science.
But even less regulated fields will feel no competition, as UGA is not going to get the students that they get.
What field do you work in and do you have a degree and if so in what?
These days universities are not much more than elaborate sorting mechanism for employers. The harder it is to get into a particular school, the more an employer thinks a graduate from that school must have something to offer and thus they are more likely to hire said person.
In that regards, you can't really compare an almost open enrollment online program with a highly selective college.
It is fine if you just want to learn a new skill, though. I love taking MOOC courses online just to keep myself sharp and learn something new. But they are mostly free or cost $50 for a verified Certificate. Check out EDx.org, for example.
I've taken two classes online. The problem with the online classes is that you do not have the same networking or relationship building abilities that you do by taking classes in person and by being there in a place in person.
Today while the internet and social media are quite clearly an important part of keeping in touch with people, one cannot rely on them ALONE. Face to face interaction will always be important.
What field do you work in and do you have a degree and if so in what?
Investment banking.
Quote:
Originally Posted by NyWriterdude
But even less regulated fields will feel no competition, as UGA is not going to get the students that they get.
The university in the article is Georgia Tech, not UGA. BTW, my coworker is an adjunct professor of finance in NYU Stern's MBA program. At the request of NYU, he is already developing an online version of his class but the school is not offering this for an entire masters unlike Georgia Tech. So now NYU is getting into the game.
The university in the article is Georgia Tech, not UGA. BTW, my coworker is an adjunct professor of finance in NYU Stern's MBA program. At the request of NYU, he is already developing an online version of his class but the school is not offering this for an entire masters unlike Georgia Tech. So now NYU is getting into the game.
So do you even have a degree? You didn't mention that. I ask because I'm curious do you have any knowledge of what is actually happening in education besides the occasional newspaper article? Because if all you know about what's going on in higher ed is gleaned from articles, that knowledge is superficial at best.
All of the top universities have online classes, and certificates. So by extension NYU already has online classes.
Not the issue.
You asked if Georgia Tech's $7,000 online masters program would be serious competition to masters programs at Columbia or NYU or their expansion plans.
And that answer is no, because the types of people who go to these universities were the types who are not looking for bargain basement education.
And the online courses, certificates, AND degrees offered at Columbia and at NYU are offered as supplements. They are not taking over departments or offering serious competition to established programs either.
So do you even have a degree? You didn't mention that. I ask because I'm curious do you have any knowledge of what is actually happening in education besides the occasional newspaper article? Because if all you know about what's going on in higher ed is gleaned from articles, that knowledge is superficial at best.
I have a graduate degree in finance from an ivy league university. How else would I get an investment banking job if not for that?
Quote:
Originally Posted by NyWriterdude
All of the top universities have online classes, and certificates. So by extension NYU already has online classes.
Not the issue.
You asked if Georgia Tech's $7,000 online masters program would be serious competition to masters programs at Columbia or NYU or their expansion plans.
And that answer is no, because the types of people who go to these universities were the types who are not looking for bargain basement education.
And the online courses, certificates, AND degrees offered at Columbia and at NYU are offered as supplements. They are not taking over departments or offering serious competition to established programs either.
But Georgia Tech is one of the first among the reputable institutions to offer an entire degree via online courses. So the full potential of this business model has not been tested yet. We know GTECH already enrolled 4000 students. Who's to say NYU won't do the same at some point if the arrangement proves to be profitable enough? Or why wouldn't NYU lower the price of its onsite programs to compete with offsite programs (which would mean lowering wages of professors, administrators, etc.)?
And I go back to my earlier point - The programs offered by NYC schools like Columbia, NYU, Fordham, Pace, MC, etc. by and large are not of the same caliber as Stanford and Berkeley. Which also means the students are not of the same caliber, and have less need to be physically present on campus.
I have a graduate degree in finance from an ivy league university. How else would I get an investment banking job if not for that?
Not to bud in but you do not need a graduate degree from an Ivy League to work in Investment banking, an undergrad from a non Ivy league is still acceptable.
I have a graduate degree in finance from an ivy league university. How else would I get an investment banking job if not for that?
But Georgia Tech is one of the first among the reputable institutions to offer an entire degree via online courses. So the full potential of this business model has not been tested yet. We know GTECH already enrolled 4000 students. Who's to say NYU won't do the same at some point if the arrangement proves to be profitable enough? Or why wouldn't NYU lower the price of its onsite programs to compete with offsite programs (which would mean lowering wages of professors, administrators, etc.)?
And I go back to my earlier point - The programs offered by NYC schools like Columbia, NYU, Fordham, Pace, MC, etc. by and large are not of the same caliber as Stanford and Berkeley. Which also means the students are not of the same caliber, and have less need to be physically present on campus.
I don't think you went to an Ivy League university, and investment banks include employees from CEO to operations (basically paperwork/processing).
Nor do you seem to know much about universities. Columbia is ranked number 4 by the US News And World Report.
NYU is ranked 35 (if I remember correctly) but it has the NYU name and location. On that alone no need to lower the price of it's onsite programs. In fact the high prices of top universities are there to deliberately discourage poor and "middle class" people from applying. These are rich kid schools, and it's in their best interest to have a higher percentage of wealthy people admitted. You know from families who can donate to the institutions.
Chelsea Clinton has degrees from Stanford and Columbia, and I doubt the child of a former President would attend a $7,000 dollar online masters program. Elite universities make money off their elite status. Not that I am saying that everyone who goes to an Ivy League comes from that kind of background, but that's really the kind of background those universities are for, and it's how they attract people in general.
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