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The inevitability of the arrival of the modern age is truly witnessed prominently as the Simmons College have revealed its intention to turn its long 4 year traditional MBA program into an online MBA.
The students’ reaction, though, is anticipated to be strongly protesting. The college i ready for that. But the decision of the college puts it in front of the serious doubt of the financial condition of the institution.
President Helen Drinan said that the decision will reduce retirement conditions but it has to freeze the staff pay.
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The institution has only 20 new MBA student enrolled for this year. The news was announced to them in a forum.
The aim of the institution was something different and progressive. It stuck to provide MBA programs for females only at a time when the male domination in the business field was not only greater in number but also dominating in action. But the system has changed in the modern time.
According to the meeting through video viewed by the Globe, the President Drinan said at the forum
“There are just not enough women who believe that this is the right alternative for them.”
The actual financial crisis
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Actually the reason of this decision of the institution has originated from a huge lack of money. The fact is that it suffered a financial crisis of the loss of half a million dollars that turned out to be the deficit to the budget of the college. it is also evident that the institution has suffered a
significant loss due to its tuition fees as the other tuition-based
institutions also did.
The all-women
college’s total number of students is 5000 and the number of their
online students is 1500 in the subject’s social work and nursing. A debt
was tackled by the institutions as well as having a small endowment of
187 dollars. It suffered for four years until 2010.
Similar education in the online medium
The authorities of the institution is not ascribing any negative implementations to this change of the educational system from the traditional to the online on will not produce any pessimistic effect on the MBA program. It will remain the same and the cost will be unaffected. It will be $74,000 for the 18-month program. It will serve the students all over the nation and the quality of the education will be the same.
Facing a crowd of impatient and agitated 100 businesswomen, Drinan said
“We have spent so much money on this program; we are trying and trying and trying to do everything we can.”
The students’ questions
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The students even questioned about the decision of the administers about the shift of the traditional to the online education.
The students considered the education by
the Simmons College as something that can make the initial steps of
women in the business world. They called the decision a ‘band-aid RIP’ and also questioned the administers that they have successfully turned the educational system.
The students are also afraid and are anxious about their degrees that can be depreciated.
online education.
The President answers
The President of the institution is hopeful and says that the change is significant. It will turn out to a more impactful strategy that will recover the financial condition of the company.
Authenticity of the institution: proved
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The authenticity of the institution is however proved by one of the candidates, Patricia Travaline, who earned an MBA in 1984 and is now placed as a marketing officer at a Boston-based Skyward inc. has said that she always found her university degree as something more than a degree.
She says
“I’m not just talking about finance and qualitative analysis. I’m talking about how to navigate an organization and knowing what it takes to get the job done.”
According to the educational system, what is needed is not the way of education but education itself. For that taking up the online MBA at the same college may prove actually healthy and not disheartening to the students and only they can understand it.
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by commenting below. We would love to hear from you.
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