Just saw this over at Good.com — you can now earn an MBA via a Facebook app! Wow is Mark Zuckerberg’s Facebook revolutionary? (not sure if that is good or bad).
Today’s Times reports that the London School of Business and Finance Global M.B.A., which bills itself as “the world’s first internationally recognized M.B.A. to be delivered through a Facebook application,” is not only open for business but already claiming to have enrolled 30,000 active users.
Users can test drive the program free of charge, taking courses in such subjects as corporate finance, strategic planning, or. A fee is only incurred if they opt to take an exam for credit. In total, the Facebook Global M.B.A. degree, which is certified by the University of Wales, amounts to a $23,000 investment.
Granted, statistics for online M.B.A. programs aren’t great. “Fewer than one in four students who begin an online M.B.A. ever graduate,” explains Aaron Etingen, its founder. One way of increasing the graduate rate in one of his existing online programs requires that distance learners show up in person several times during the course of the semester. Such an option is clearly not viable for the Facebook application.
BTW, the piece does not say if Facebook is hiring its own MBA graduates? What do you think?