Their appeal is obvious: The quick–these programs usually last about a year–U.S. credential gives China natives a competitive edge in the hot finance market back home. And schools like the healthy revenue stream these programs bring in.
But is a specialized master’s degree a good career move for everyone? Here’s what you need to know:
They’re cheaper than an M.B.A., but not cheap.
The sticker price for MIT Sloan School of Management’s Master of Finance program runs $108,854 including books, room and board and other expected expenses this year. MIT’s M.B.A., on the other hand, is listed at $88,949 for the current year — and double that for the full two-year course. (Many schools offer merit-based aid to students, so out-of-pocket costs are often less than a program’s list price.)
And at University of Notre Dame’s Mendoza College of Business, the 11-month Master of Science in Business is expected to run $67,650 all-in for its inaugural class starting this summer. Hardly peanuts, but that’s still about half the total cost of Mendoza’s two-year M.B.A., priced at $64,908 for just one year.
To read the entire article visit: Short-Term Master’s Programs: An M.B.A. Alternative?