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Current DateTime: 11:37:02 06 Jul 2011LinksList Documentid: 38910464Expiration DateTime: 7/6/2011 11:39:44 AM
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Current DateTime: 07:45:27 06 Jul 2011LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 07:45:27 06 Jul 2011LinksList Documentid: 38852222John Carney
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Current DateTime: 11:36:42 06 Jul 2011LinksList Documentid: 38910635Expiration DateTime: 7/6/2011 11:39:35 AM
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setDefault('cnbc_textbody');The $89,000 Online MBA Degree Published:
Wednesday, 6 Jul 2011 | 10:44 AM ET Text Size By: Stephanie LandsmanStephanie Landsman, Producer, "Squawk Box"
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One of the world's top ranked business schools is taking its MBA program on a new course.
Kenan-Flagler Business School at the University of North Carolina"”Chapel Hill begins its first ever online MBA program this week.
Even though the program is conducted online, tuition is the same for students who physically attend class. Both degrees cost $89,000. 19 students"”mostly in their 30s - are enrolled in the online version.
"We thought there was an opportunity to reach an audience that hasn't been reached before," said UNC Kenan-Flagler Business School Dean Jim Dean. (Yes, he's Dean Dean.) "People who are qualified to do a top tier MBA, but couldn't quit their job for full-time or travel can do this"¦ Frankly, this is something the world has never seen before."
The significance is that this MBA online program is being conducted by a highly ranked school. The Wall Street Journal rates UNC Kenan-Flagler as the nation's sixth best business school. BusinessWeek has it as 16th.
Dean Dean said, "We firmly believe the quality of education in the online program is comparable or fully the same as the full-time program. The students have to pass the same tests."
The question is: Will Wall Street firms and big business view the online degree with the same prestige as traditional MBA programs?
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