UNC's Kenan-Flagler Business School announced this morning that it will begin an online MBA program next summer, following the recent news of a similar degree at N.C. State.
The Chapel Hill school is accepting applications for its first class, which will be limited to 50 students and is scheduled to start in July 2011. Tuition will be $89,000 for the two-year program. That total will include books, texts, student fees and lodging and food costs for four weekend immersions.
N.C. State's College of Management plans to begin taking applications in January and start its program next fall. Its 2-year program will cost $30,600 for in-state residents.
Both schools are betting on the increasing acceptance of online learning, especially among busy professionals who want a business degree. More than 80 universities now offer online MBAs. But some schools, including Duke University, have refused to join the trend.
UNC's new program will have the same admissions criteria of its traditional MBA, and the classes will be designed and taught by Kenon-Flagler professors.
"As we redefine what quality online education means, our goal is to be the preeminent MBA program," said Kenan-Flagler dean James W. Dean Jr., in a statement.
UNC is working with an outside company, 2tor Inc., to develop the program, MBA@UNC.
“MBA@UNC continues our role as an innovator and educational leader,” said executive director Susan Cates, a graduate of UNC’s residential MBA program, in a prepared statement. “I’m proud that it fulfills UNC’s mission to enhance access to learning so that we can develop the next generation of leaders.”
Read more about UNC's online MBA here.