From America To Korea - Distance MBA Online At Its BestThanks to the Internet, people living in Korea may now get an MBA from a prestigious university in America without the burden of going to that country in person. Manager's Business Zone, or mbzon.com, a local venture firm, won the license for webcasting Kelly Direct MBA Online programs of Indiana University in Korea, and has launched the course. mbzon.com is an Internet portal site specialized in information on economy and business management. The company is constructing a Web site geared toward presenting quality contents on various business subjects, which is slated for completion by year end. "mbzon.com is the first company in Asia to win a license for webcasting the MBA program, which enables people in Korea to earn an MBA Online, from Indiana University," said company President Park Kang-kyu. "With the online education program, students can win the same MBAs as they can get by studying in either the Bloomington campus or Indianapolis campus of the prestigious university." The company is seeking applicants for the fall semester, which starts in August. Students can apply until July mid. In line with this timetable, Richard J. Magjuka, chairperson of online education at the school, is scheduled to visit Korea in late June to promote the program. "Studying MBA online presents various advantages to the students," Park said. "It cuts the costs of education by half." Students studying at the university have to spend $20,000 for tuition and additional $20,000 for living expenses to earn the degree annually, whereas those taking the online course are exempt from living expenses, not to mention the encumbrance of leaving their work for two years, he said. The program is also advantageous for a company that supports a worker for management training as the employees can continue to work for the company while studying. Many people who gave up studying overseas because of their families will also benefit from the program, Park said. Kelly School of Business at Indiana University is among the top 20 business schools in U.S. Forbes magazine, in its Feb. 7 issue, presents a rating of American business schools based on how well each did in helping their graduates to earn money. In terms of authorized total compensation for graduates of business schools for three separate years, Indiana was ranked third among what Forbes call regional schools with tuition over two years averaging less than $90,000, as opposed to national schools with tuition exceeding that amount. |