but even at this rate, Tuck is still losing $30-40k per year on each student due to the small class.
Tuck sees this as an investment on the students.
-- by 会员 maxdaddy (2010/3/6 1:06:52)
where can we find the above #?
-- by 会员 online2w (2010/3/6 3:42:39)
I heard about this from the Adcom.
Here is a something Paul Danos, Dean of Tuck, says:
"In the case of private schools without government support, it is impossible for tuition to pay for the way we approach education. At Tuck, tuition covers less than 50 percent of our expenses, which means most of our revenue must come from non-tuition sources such as endowment earnings, annual giving, and profits from non-degree executive education programs."
"When a business school needs more funding, there are three classic approaches: additional tuition, executive education programs, and fundraising."
Since Tuck offers only one MBA degree without any other money-making programs (FYI, the tuition alone for Wharton or Columbia's EMBA costs almost $150,000), I guess it 'loses' more money on its students and relies more on alumni donation than other b-schools.
but even at this rate, Tuck is still losing $30-40k per year on each student due to the small class.
Tuck sees this as an investment on the students.
-- by 会员 maxdaddy (2010/3/6 1:06:52)
where can we find the above #?
-- by 会员 online2w (2010/3/6 3:42:39)
I heard about this from the Adcom.
Here is a something Paul Danos, Dean of Tuck, says:
"In the case of private schools without government support, it is impossible for tuition to pay for the way we approach education. At Tuck, tuition covers less than 50 percent of our expenses, which means most of our revenue must come from non-tuition sources such as endowment earnings, annual giving, and profits from non-degree executive education programs."
"When a business school needs more funding, there are three classic approaches: additional tuition, executive education programs, and fundraising."
Since Tuck offers only one MBA degree without any other money-making programs (FYI, the tuition alone for Wharton or Columbia's EMBA costs almost $150,000), I guess it 'loses' more money on its students and relies more on alumni donation than other b-schools.