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MBAs for sale A veteran professor at Concordia University has accused Canada’s business schools of offering watered-down MBAs for high fees in an effort to generate much-needed revenue. “I've seen the dramatic decline into mediocrity,” Alan Hochstein, a finance professor at Concordia's John Molson School of Business, told the Montreal Gazette, referring to the high-priced accelerated and executive MBA programmes that many schools offer. Mr Hochstein believes the academic requirements are too low and entry requirements too lax for such degrees to be taken seriously. Mr Hochstein pointed to two programmes in particular: the $92,000 boardroom executive MBA programme offered by Queen's University and Cornell’s Johnson School of Management; and the $90,000 executive MBA programme offered by York University's Schulich School of Business and Northwestern’s Kellogg School of Management. “Practically nobody fails and a failure rate less than 10% is suspect,” Mr Hochstein said. As for accelerated programmes, he wondered how schools can justify allowing students to study for less time simply because they paid a higher price. “I don't trust any MBA grad any more [who obtained a degree in] under two years,” Mr Hochstein said. Jerry Tomberlin, the dean of the Molson School, agrees with some of Mr Hochstein’s points, but believes he is overstating the problem. He says that while some schools lower the standards of profitable programmes, most of those schools are not in Canada. |