One of the largest business graduate schools in the world, France's Insead, has recently entered the realm of online education and is now boasting one of the "largest full-time MBA programs in the world."
According to Insead's Deputy Dean Peter Zemsky, it was the hype around MOOCs (massive open online courses) in 2012 and 2013 that prompted Insead to look into large-scale online learning.
"We were deliberating internally but we couldn't see the business model (with moocs). Says Zemsky. "But out of that we had the sense that we could do more things asynchronously."
Insead originally was hesitant to offer online degrees as it may take away from the experience of being on a diverse campus, but the program has shown to be successful.
"One of the biggest concerns for Insead professors was whether the participants would be motivated to complete the course. Of the 1,000 enrolled, 850 went the distance, a vast improvement on the completion rates of participants on Moocs and many forms of online learning."
The Raymond A. Mason School of Business at The College of William and Mary in Virginia has also launched its new all-digital degree this month. Their courses involve âsmart' devices and have deployed the use of an online app which allows students to interact with peers and professors.
"This is the latest digital innovation in education, with many MBA programs dishing out smart devices, tablets and laptops to enable students to learn and connect with peers on the go."
Indiana University's Kelly School of Business has released a new degree in entrepreneurship and innovation that is designed to address changes in coming decades within businesses and organizations. The program will also promote an entrepreneurial mindset should students decide to pursue their own business dreams.
"Younger professionals increasingly will look for nontraditional career options as many companies move away from present business models. Research suggests that by 2050, nearly 80 percent of the U.S. population will be employed not as full-time employees but as independent contractors — particularly within the professional ranks."
The Master's of Science in Entrepreneurship and Innovation degree will help students have more choices when they graduate. With increasing interest in entrepreneurship, having an online Master's program in Entrepreneurship was a logical next step for the Kelly School.
Louisiana State University Online started in March of 2013 with just 17 students. As of February 2015, they now have 378 students as the online program continues to grow.
"We're hoping that because we're generating revenue for the University â¦ we can counteract [the budget cuts] to help the University continue to operate and function," LSU Online Interim Director and Instructional Design Consultant Amanda Major said.
The extra revenue will help LSU serve its students during a time of education budget cuts in Louisiana.