I think we all had the foresight that distance learning had growth potential and we took the chance. Institutions that denied this market potential are presently in catch up mode. All the while, the WP Carey Online staff has had the opportunity to perfect their delivery model, and now have references (grads) to back up the program. ASU and the Online MBA staff have much to be proud of!!! The business risk paid off, and everybody will benefit from the program.Anyhow - That's it!
Wednesday, January 25, 2006
Growing By Degrees
Saturday, January 14, 2006
AP: Some Students Prefer Taking Classes Online
Some Students Prefer Taking Classes Online
Interesting article. The profile a senior working on his undergrad in Business. The article seems to unofficially focus on undergraduate degrees online. Personally, I think for your traditional college undergrad - 18-22 years old or so, no exceptional circumstances - in-person is more valuable, if nothing else because it takes care of the discipline for you. Yeah, you actually have to wake up and get out of bed, but that's about it - between taking attendance and knowing that may be the only way you'll get the material, you have plenty of external motivators to participate, without self-discipline of your own accord. With your average 18-year-old undergrad, discipline is not usually the first thing on their mind. With online, you must have much more discipline - You have to overcome the "I can just do it later", or "There's no attendance" factors. This is also noted in the article:
Then there's the question of whether students are well served by taking a course online instead of in-person. Some teachers are wary, saying showing up to class teaches discipline, and that lectures and class discussions are an important part of learning.Personally, having done both, I feel qualified to agree with the Sloan Consortium' findings. ;-)
But online classes aren't necessarily easier. Two-thirds of schools responding to a recent survey by The Sloan Consortium agreed that it takes more discipline for students to succeed in an online course than in a face-to-face one.
Anyhow - The aforementioned profiled student did do his first two years of school in-person - this is more amenable to me. A lot of maturing goes on in those first two years. I did take one course via distance (old-school - by video) while pursuing my undergrad, in my third year or so. It also took more discipline - I did it while co-oping - so after a full day's work, I had to come home and pop in a Thermodynamics lecture - not exactly your exciting evening entertainment. ;-)
I'll close with one last quote, from ASU:
Administrators say the distinction between online and traditional is now so meaningless it may not even be reflected in next fall's course catalogue.
I know I've said it 963 times, but sometimes I enjoy beating a dead horse: Online continues to gain more acceptance, and universities not distinguishing like this is both indicative of that and enhances that acceptance.
Tuesday, January 03, 2006
SHRM: Employers Warm Up To Online Education
Employers Warm Up To Online Education
The main point that I found interesting was noted by PHH Mortgage and Drexel:
Even though the company also supports an MBA program taught on-site, employees favor the online school.Sure, it's just one company and one school, but to me, that speaks volumes on how equitably those employees must view the programs.
The article also has several links to other articles referenced, which look like good reading, but I haven't had a chance to plow through them yet.
Monday, December 26, 2005
Comment Roundup
- Anonymous on Penn State (Anonymous, or anyone else at PSU Online - I'd love to hear more!)
- Steffan on Online Degrees in general
Thursday, December 22, 2005
ECN 502 - Managerial Economics
This course was really great - but it also kept me really busy! So, I didn't get any post in during the middle of the course, as intended - so this will be both a detailed review of the course, upon having just completed it.
Intro
Managerial Economics. Hm. So what's it all about?
Managerial Economics is not designed to "make you into an economist." Rather, the course is designed to provide you with the basic platform for all managerial decision making.So, that said... Some background. This was our second class. For me, it took notably more work than the previous course, as was anticipated. I haven't had an Econ course in a good ... probably 5 years or more. I like Economics - as described by a classmate, it's a unique blend of history, psychology, and math, all of which I enjoy - but it's been a while since I studied it. So, I anticipated heavier time spent on this course, and that turned out to be a more than accurate prediction. ;-)
Faculty Interaction
We had two professors teaching this class - Drs. Burgess and Chade. Both of them were really great. Dr. Burgess demonstrated his commitment to us by posting the first week or so of the course from his villa on St. John. *drool* I guess maybe he does know a thing or two about economics! ;-) Anyhow, Dr. Burgess taught the first two and half or three weeks of the course, and then Dr. Chade took over. Both professors were very prompt with the message boards - they both seemed to really enjoy helping us understand - always the mark of a good teacher. Many different anecdotes, stories, examples - anything to help the material sink in.
Peer Interaction
The peer interaction for this course really jumped up for me. We were to work in our sub-teams on the weekly homework assignments. My group's interaction on the task was so-so - some of my group was very excited to work together to get it done, others rathered to go it alone. That concerns me some for future classes, where our team interaction will play a larger role in the course, but so it goes. Past that, I also really got to know even better and communicate with other members of my cohort outside of my team, which has been quite nice.
Thus far, this was probably the best course in terms of discussion of topics in the forums, in my view. This was primarily due to the content of the discussion. Where the discussion of the previous course was a bit more applied/problem based (e.g. "How do you do XYZ again?"), the discussion here was much more rounded, in terms of tackling implications of the topics. Economics as a subject lends itsself quite naturally to discussion, but I really appreciated all the different anecdotes and examples that were shared and discussed on the board, from people's "day jobs". To me this highlights yet again the benfits of a part-time program - online or otherwise.
Content
First off, I had Macro and Micro Economics in my undergrad curriculum, in addition to Engineering Economy, which is more "applied", in the sense of valuing projects, present value, etc. Granted, my undergrad econ classes were early in my collegiate career, so my memory may be a bit spotty - but I swear that we covered the high points of a full semester of Micro econ in the first week. Phew!
The course covered 5 basic topics (e.g. modules):
- Foundations of Economics
- Supply, Optimization, and Market Structures
- Optimal Firm Decisions
- Pricing with Market Power
- Strategy: Game Theory for Managers
As noted in other posts - the final was quite difficult. I did have a request to post some of the final, but I don't think I'll be able to do so - I will say that it was roughly half multiple choice, and half free response. The multiple choice was definitely tricky, but the free response was where it really amped up. However, I definitely appreciate the rigorousness - I wouldn't have it any other way. ;-)
Overall
Great course. This really reminded me of - or showed me - how much I enjoy the subject. I guess you could say it's the mark of a good course if it changes how you think about things in your day-to-day life - For whatever reason, I didn't get that effect out of my undergrad econ courses, but after this course, I definitely find myself thinking more "economically" day-to-day. I don't mean "cheaply" - I've always been cheap - but the economic reasons and reasoning behind decisions - in the news, at work, otherwise. I now follow several economics blogs in my regular news feeds - Adam Smith Lives, Cafe Hayek, EconLog, Marginal Revolution, and William Polley. Anyhow - highly recommended!
Tuesday, November 29, 2005
ASU/W.P. Carey Chat - Dec. 8
Chat with us!
Get your questions answered by Admission Representatives in our December 8th Chat Session. Simply log into the chat session on Thursday, December 8, 2005 from 11:30 a.m. - 1:30 p.m. MST (1:30 p.m. - 3:30 p.m. EST).
Anyone is welcome to participate at anytime during the two-hour session.
Monday, November 28, 2005
Business 2.0: A Degree of Respect for Online MBAs
I won't spend a ton of time looking at this one, perhaps for obvious reasons. In short, I think it sums up my stance: Don't expect Harvard-level cachet or commensurate salaries/jobs, but do expect a quality education (if you've done your homework on the program!), and a degree that is widely accepted by many, and will be moreso by all as time goes on.
Pros:
Generally positive of online MBAs. Lists a wide variety of schools, which I think is good. Offers several profiles of different students, which offers a good feel of the different programs and reasons for choosing online out there. One quote was offered up by an HR manager at Intel that I also gave, just about verbatim, and I think really makes an excellent case for online MBAs:
“I work with people all the time whom I rarely meet face-to-face,” says Intel’s Fisher. “That is the real world of business today, and anybody who says online MBAs don’t work is just fooling themselves.”Like it or not - in a knowledge-based economy, distributed teams is the name of the game.
Cons:
I do wish they had spent more time detailing the for profit vs. traditional institutions and the role of AACSB accreditation, and how to choose a program in general - I tried to impress that in my interviews, but so it goes. :-)
Overall:
A well-written, informative article - for anyone thinking about an online MBA or anyone thinking about hiring an online MBA - and I know that Krysten put a good bit of time into it. Give it a read!
Monday, November 21, 2005
Thanksgiving Update
Whereas other schools are letting off for Thanksgiving (my buddy at Vanderbilt full-time is off an entire week!), we are ploughing on through! Ouch! We're currently in week 4 of Financial Accounting. This is all-new stuff for me, so it's been a good bit of work so far. I'm really appreciating what I'm getting out of the class - I feel that I've got a pretty solid fundamental understanding of accounting concepts, how to analyze financial statements, and the like. I don't appreciate the reading - not exactly the most entertaining stuff to read! But, it must be done .... back to it!
Tuesday, November 15, 2005
Google Analytics
Tuesday, November 01, 2005
Econ Final
WOW, what a final! The course was, overall, a very valuable one - I really enjoyed it. It was also one that took a lot of work. The final, however... MAN, did they stick it to us! Okay, it may not have been the worst final I've ever taken, but it was definitely harder than I anticipated, and I think I go along with the rest of the class in that regard.
It was two parts - multiple choice and short answer/free response.
I just thought I'd pull out some "summary statistics", based on the class averages for the final - bear in mind, that if your GPA falls below a 3.0 (B average), you're on academic probation (I believe this is typical of most master's programs). This course's letter grade cut-offs were A=90, B=81, C=70.
- Final was worth 53% of the total grade(!)
- Average score on the Short Answer was 71.25%
- Average total score was 76.85%
Final Pts Course Wt. Final Pct Avg Pts Avg Pct Avg Pct - Wt. MC 30 23.85% 45% 25.11 83.70% 37.67% SA/FR 40 29.15% 55% 28.5 71.25% 39.19% Total 70 53.00% 100% 53.61 76.85%
So anyway - the masochistic side of me really appreciates the fact that they stuck it to us - I appreciate the rigor. But then the other side of me just hurts! ;-) That means the average score on the final - comprising over half of the grade of the course - was a C. And not even a very high C, at that.
The overall course grade distribution was 46% A/A-, 36% B+/B, and 18% B-/C.
Anyway - hopefully this demonstrates that we are being held to a reasonably strict standard, I think. Not quite 50% A/A-'s may seem pretty lax at first glance, but where you're essentially limited to A's and B's to be in good academic standing... that nearly 20% of B-/C really jumps out. I mean, it's clearly not statistically significant evidence - we could just all be dumb, on average - but you'll have to take my word for the fact that those in my cohort are, by and large, very sharp people. ;-)
Monday, October 31, 2005
Halloween Homework
So, I guess that's either a pro for online MBA's, or a con - I'm even working on Halloween! ;-)
Thursday, October 20, 2005
Online Degrees More Acceptable in the Workplace
Online Degrees More Acceptable in the Workplace
Basically, one of their quotes touches on what I see to be the biggest strength of an online degree:
One such respondent stated, "It takes a lot of discipline to complete an online degree."In my experience thus far, I absolutely concur with that statement - it takes considerable discipline to sit down and hit the books when nobody's really making you. They go on to give some statistics gathered from the survey, summarized below:
- 34% have ever encountered a job applicant with an online degree
- 20% have hired applicants with online degrees
- 54% still favor job applicants with traditional degrees over those with online degrees
- 45% said they would give job candidates with both types of degrees equal consideration
- 86% would be willing to accept a job applicant with an online degree, while
- 14% said that both online bachelor's degrees and graduate degrees are not acceptable
- 91% would hire a candidate who had everything they were looking for, but only possessed a degree from an online university
If nothing else - Just wait until I go and take over the world. THAT will give online degrees some credibility. ;-) To be perfectly serious, though - as more and more people take online courses, it would stand to reason that we will have more and more people who "make it big" that went online. As that happens, the perceived credibility of qualified online programs will increase dramatically.
Monday, October 17, 2005
ASU / W. P. Carey Chat
Get your questions answered in our October 19th Chat session. Simply log into the chat session on Wednesday, October 19, 2005 from 2 p.m. - 4 p.m. MST (5 p.m. - 7 p.m. EST).I will plan to logged in for most if not all of the session - for anyone reading this that's a potential applicant, or just generally curious - feel free to log in!Anyone is welcome to participate at anytime during the two-hour session.
Monday, October 10, 2005
Online learning gains ground
Interesting article in the Nashville City Paper - hardly a publication of the same caliber as the WSJ, but interesting, nonetheless - generally quite favorable of online learning.
Saturday, October 08, 2005
Google RSS Reader!
Anyhow - As I wistfully posted a while back, I really wanted Google to buy out Bloglines, or otherwise offer an RSS reader of their own.
Wish no more - They've got it! Of course, it's still in beta and all that, but of course, as with anything Google, they've put their own spin on it and done it up even better! For those into the whole Web 2.0 thing, it is definitely a move in that direction.
Thus far, it's very cool. It took me a second to get used to the interface - they use tags ("Labels"), of course, instead of folders. All very AJAXy - quick, snappy, and all that good stuff. Though, with my 85 feeds (and counting), it does bog down every so often. ;-)
I was able to export my Bloglines list to an OPML file (hint: you have to view your blogroll publicly, and look at the bottom to Export Subscriptions - mine), and upload all my feeds - migration took all of maybe 3 minutes. God bless open standards.
There's still a few things they could do - again, still in beta - but overall, a very nice reader. I'll probably keep my Bloglines account active for a bit, but I sense a migration to Google's Reader.
Monday, September 26, 2005
Hardcore!
Our prof for our current class posted this message this morning:
Well, I have no idea how she did it, but [STUDENT] got her quiz done before the deadline last night (even though she didn't have to make that deadline). Since she had no internet connection, she phoned in the answers to [ADMINISTRATOR]'s voice mail! This ranks up there with the all-time hurricane award winners (from last year) for going above and beyond under unbelievably bad circumstances.
We all wish [STUDENT] and her family (and all of the others who are storm affected) the long run of good luck that they so richly deserve!
Wow! As some background, [STUDENT] was chased out of New Orleans to Houston by Katrina, and then again out of Houston by Rita. Recall, while we are in our classes, we have one quiz due each week, Sunday night (not to mention an exercise to Saturday night). Forget the act of actually taking the quiz; what is more monumental to me is that she was able to cover the material enough to feel comfortable taking the quiz, when she could have "taken a pass". This says two great things to me:
- The caliber of students in our program is exceptional. I mean... Talk about dedication!
- The faculty/staff really do care about your education, and will do everything reasonably possible to accomodate any extenuating circumstances.
Thursday, September 22, 2005
WSJ: The Full Time Advantage
WSJ: The Full Time Advantage
Personally, I think they present some good points, and some bad ones. Namely, of the good ones, is one that I have told many, many people:
If your goals post-MBA are:
- Specifically looking to get into high-powered investment banking or management consulting
- Specifically looking to change careers/industries
- Specifically looking for a new employer
If your goals post-MBA are:
- Enhancing your current career and prospects within your current employer
- Keeping yourself marketable/competitive
- Bettering yourself through learning
It's not to say you can't switch employers at all with an online degree (many of my fellow classmates provide evidence to the contrary of that, even before completing the program), or that you shouldn't go full-time if you wish to return to your original organization - just some rules-of-thumb.
One other point touched on in the article that I firmly agree with is that whether you are pursuing full-time, part-time, or whatever - it's still just a degree. It's not a magic ticket entitling you to anything. As noted in the article by a recruiter from Bain, "Frankly, we look at individuals and their accomplishments and capabilities, without distinguishing part-time from full-time from executive." You can have an MBA from Wharton, but if you can't back it up with relevant, progressing work experience, it will be worth little more than one from Degrees-R-Us. Similarly, if you go online, and don't work to apply your learning through relevant, progressing work experience, you will have a similarly worthless piece of paper. Bottom line: You can't rest on your laurels, however pretty and laurely they are.
In short, though, yes - people are still going to be wondering a bit about online education, for the next few years; some more than others. I' m a firm believer that it's here to stay, though, and will only become more accepted as time goes on.
I do find some fault with the article for not really exploring online options other than Duke and degree-mills - it's like the North and South Poles. There's just a little bit in between. Okay, they touch on specific traditional part-time and E-MBA programs, but little else is mentioned of online programs, save a quick note on Babson. Granted, their purpose in writing wasn't to list a bunch of programs, but it could've been a bit more researched to that end - the section detailing the issues with online programs is noticeably un-peppered with specific schools, as the earlier sections of the article are.
One of the recruiter's remarks really showed a lack of research or understanding and pre-judgement, but that implies they don't care to try and understand - which as a student considering online education, you need to be aware of. "Another said he had been asked to teach courses in online programs for which he felt unqualified, leading him to conclude that they are 'scams.'" Okay, fine - I would have a really bad taste in my mouth, too. Notice that neither the recruiter, nor the WSJ, mentions the plenty of respectable online programs out there. I somehow doubt that Duke uses adjuncts. I know that ASU doesn't. The thing to watch, though, is that human predisposition to generalize - Some school called this recruiter to teach in their online program, he didn't feel qualified, therefore they must all be scams.
One other point, as noted in the article, is on communications and classmate interaction. Specifically, it's cited as another reason to go full-time over online. I really feel this is a big part of the experience - online or otherwise. Personally, I feel that I've had a great deal of interaction with a number of my classmates, they same way I interact with teams I am on at work - by phone, e-mail, forums/chats, and so on. No doubt - there is definitely something to be said for in-person interaction. However, by the same token, there is no doubt that distributed teams and companies are more and more commonplace, and perhaps even outrank non-distributed teams. Interacting on and managing distributed teams will be a critical skill in the more and more knowledge-based economy, and I feel this is one area where online students have an edge.
I'll leave you with the closing quote from the article, from the dean at Babson, that sums up my stance:
"Online M.B.A.s may not have the same market power and cachet right now as other types of degrees," says Dr. Rice. "But I predict that 10 years from now, there will be top managers at companies who did an online program and who will be able to say it worked for them."
Saturday, September 17, 2005
Classmate Interaction
The primary communication medium is the forums. This is one benefit that the paradigm of a digital classroom has over a physical one - if you miss the answer to a question or are out for a day (not to say you'd ever skip class, right??) in a physical class, then the answer is just gone, unless you have someone there taking notes for you, and then you get into whether or not they wrote it down completely, translated it to you correctly - it gets a bit like the game telephone.
With a digital class, when a professor (or student!) answers a question, it's there for everybody to see - everybody gets to see it, save it, reference it, AND search it! Searchability is very nice - no digging through your class notes for "point estimate" or whatever; just search it, and whammo - there it is! Of course, this gap will close as more people take notes in class digitally, but it's still nice to have a written, searchable record of exactly what the professor said.
I have worked with some of my other classmates a good bit, just helping each other to understand concepts - a few via phone, but mostly instant messaging and e-mail. It's been really neat getting to know these folks - coincidentally, the ones I talk with most are in Arizona.
Anyhow, because I'm a huge nerd, I thought I'd try to show what the forum activity looked like by number of posts, for anyone reading this that can't go and see for themselves.

I'd say for class one (QBA 502), it's pretty consistent with the course difficulty - the first week, the whole school thing (nevermind the course) was brand new, so some pretty reasonable volume. It really ramped up the second week, that week being advertised in advance as the hardest week of the course, and then tailed off as a the course got easier. Recall week 6 is the Final Exam week. You might think there would be more posts there, but between no questions being answered after the final was available (Wednesday of that week - see post-mortem on the course for more), and the other week's forums available for review and searching - it makes a little more sense.
Our current course (Managerial Economics, which I'll wait to week 3 or 4 of to review) - which we're just ending the first week of (there are already more posts for Week 1 than when I made this chart!) - has already seen much higher posting volumes. I'd say this is accurate - For me, at least, this has been more difficult material. I do enjoy Econ, but it's a little fuzzier by nature, and is not as cut-and-dry as statistics is. Of course, a good bit of it has been some good class discussion on examples of theories in practice - e.g. economic profit in the real world, marginal cost & benefit in the real world, etc. Week 2 is obviously quite low, because it's just now starting. ;-)
Recall there's 60 people in the cohort, so your average post per person only looks like 2-3 per week at the most - a more interesting analysis would be to Pareto that by person, because as you can imagine, some people post quite heavily (guilty ;-) ...), whereas others might not post at all. Of us active and semi-active posters, I think we've got quite the community going on - lots of good discussion, students-helping-students, and insightful examples of application of business theory, etc. Of the inactive posters, I'd say that ... well ... I don't know what to think, because they don't post. They're like that one student in each undergrad class (come on - I know you all knew him/her - or were him/her) who never showed up to your class except to take the tests (if then!). And to be fair - for the courses so far, at least, posting (or even reading, but I can't imagine getting by without that!) is not required.
Time willing (ha!), I'll try and keep this little chart updated regularly-ish, and maybe to some more extra nerdy analysis, such as true average posts per person, a Pareto chart, maybe a little histogram of posting volume, words per post, total words posted - we'll just go crazy, here! ;-)
QBA 502 - Managerial Decision Analysis Post-Mortem
As promised, weeks 2 and 3 were the toughest. I got through them alright, though - again, having had a good bit of statistics, the course was overall a good reintroduction to school for me.
Weeks 4 and 5 were very much easier - predicated on your understanding of the prior weeks, anyway.
The final exam was actually rather tough. Primarily this was because of the way it was administered, though I appreciate the respect for equality. Basically, the professor wanted to make sure each student had the same information for the final - so, he just elected to not answer any more questions after the final was made available, which was Wednesday of week 6 (due Sunday night). This was a widely publicized fact, well in advance, so it wasn't like it was a surprise announcement or anything. A little "all or nothing", I guess, but I appreciate that everybody who took the final - nation- and world-wide - had the exact same experience/information/etc that I did - nobody had the advantage over me of extra information. However, that didn't make it any easier, when I had questions I really wanted some clarification on. I think I'm a bit scarred from my undergrad, in that I read into every single question way more than is necessary. So it goes, though. I did use one of the positive aspects of my scarring from undergrad, and clearly stated any and all assumptions where I had to make them, and most of those were taken into account in the grading, so I suppose it all works out.
All in all, I can't complain - I'm satisfied with my grade. And it was a good course - presented some bigger picture thinking and inference off statistics, to emphasizing "what the numbers really mean", rather than just straight number-crunching, "plug-and-chug", which I really enjoyed and appreciate.
One down - eleven to go! ;-)
Friday, August 19, 2005
Forbes & BW Articles
Forbes has two interesting articles - the first on part-time in general, which touches on online programs, and the second all about online programs... BusinessWeek's is also a good read.
Do Online MBAs Make the Grade? (BW)
Their popularity is soaring, but some are diploma mills, making recruiters wary of virtual degrees. Here are tips for picking a good program
Part-Time Fever (Forbes)
M.B.A. applicants are shunning full-time programs in favor of flexible programs that let them keep their jobs and stay out of debt.
Click And Learn (Forbes)
NEW YORK - Online study doesn't mean a second-rate degree when it comes to earning an M.B.A.