Question

1.Discuss the pricing issues involved in setting a price for a part-time executive MBA program to be delivered online.

Answer 1

You say that you can't price knowledge but MBA grades don't realize that's valid. Commercial schools can be seen as a feeder system that connects future executives, investors and administrators with organisations searching for the degree class creme. The price of an MBA will vary, but the two year median MBA course costs more than six million dollars. You may expect to receive up to $100,000 or more in tuition and fees by joining one of the top business colleges. An MBA is often seen as a future investment, so it's no wonder for hundreds of thousands candidates to cover their preferences.

Although it's expensive, there are several explanations why a MBA fits for certain people: it's widely recognized, there is a higher earning opportunity, you can broaden the network resources, it's available for everyone, you can start your own business, and develop and choose specializations to match the requirements. There will also be a variety of pre-MBA costs before completing the program, like TOEFL (formerly regarded as a foreign language examination in English). Application fees is one of Business Schools ' main income sources; students should expect to pay anything at any Business School from $100 to $275 per application.

When a student wants to pursue an MBA, the most, if not all, costs are usually paid by the employer. This can greatly benefit a student, because you will not only receive a full paycheck from another individual paying your tuition. Nonetheless, after you have completed the course, many companies require a few years of commitment and therefore you must guarantee that you are happy to stick to your workstation longer. Approximately US$ 39,000 of the 40 programs listed on the 2017 QS Distance Online MBA Rankings have a rating of a top online MBA. Many services, as one would imagine, cost more than others, mostly connected to the region or industry they are delivered. For future students it is often up to them to decide whether a low-cost solution is extremely important or whether the quality of a program will be reassured at a substantial price. India's Friendship Distance and Online Education Directorate offered an online program that was the cheapest in 2017 for the US$ 5,000 prices. Nine additional courses are rewarded with a cost of USD 25 000 or less, which is part of a collaboration of four universities within the Uni Wisconsin Program. These include the programs available at Aberdeen Business School, Robert Gordon University, Great Britain, and the MBA Network, USA University of Wisconsin. 10 courses, all of which are accessible from schools based in the USA, are rated at US$ 50,000 (the exact date of taking the information for rankings). The George Washington University School of Business delivers the most expensive program of all. Total enrollment in Washington DC is more than US$ 90,000 which is not far from the maximum time on campus.