7. Concluding information
‘‘Me do anything for cookie — Cowabunga!’’ — The Cookie Monster Now, coming back to our initial question, what does all of this mean for the future of the education industry in general and business education in particular? Look at the webpage ‘‘No-Pay MBA’’ to get some idea. This site offers the possibility to combine MOOCs offered by top business schools such as Harvard, Yale, MIT, and Wharton into a curriculum equivalent to that of a full-time MBA program, for less than $1,000. A full program consists of 14 core courses, 3 electives, and 4 concentration electives. A student can begin the program at any time (admissions are on a monthly basis) and complete it within 18—24 months. In addition, members of NoPay MBA take courses together and work in small groups on projects to replicate the feeling of belonging to one cohort of MBA students. They have video conferences among themselves and video meetings with professors. Although the MBA is not accredited (yet), the offer sounds rather convincing.