A master’s of business administration (MBA) can cost nearly $170,000 from a prestigious institution, such as the Wharton School of Business at the University of Pennsylvania. A former Philadelphia schoolteacher has created a way around that.
No Pay MBA is a blog and website where users can find a collection of massive open online courses (MOOCs) focused on an MBA-track of study organized into three semesters. The courses are taught by some of the top business professors from around the world and are offered by the online-learning platforms edX, Coursera, Open2Study, and Udacity.
While the courses are free, there’s also no degree at the end of the road. Several of the MOOC platforms do offer certificates of completion for a small fee.
“There is a great potential for someone to create an alternative, especially for that segment of the market which is already working and doesn’t want to spend what business school costs, and doesn’t necessarily need the launchpad that business schools offer because they’re already midstream in their careers,” said Laurie Pickard, who created the website while working as a development and entrepreneurship specialist for the U.S. Agency for International Development in Rwanda.