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Sent! Posted!Free MBA for 2016 class at W.P. Carey School of Business at ASU
Arizona State University hopes to attract people who aren't considering an MBA, or couldn't afford one, with a generous, widespread scholarship offer.
Pedestrians pass by The W. P. Carey School of Business at the ASU campus in Tempe on October 15, 2015.(Photo: John Samora/The Arizona Republi)
Story HighlightsMaybe an MBA could be in your future after all.
Arizona State University is hoping to lure more people who wouldn't normally be thinking about a graduate business degree, or couldn't afford it, with a broad scholarship offer that could waive tuition and fees for next year's full crop of students.
The W. P. Carey School of Business plans to offer scholarships to the entire class in the full-time master's of business administration program starting with the 2016-2017 academic year, said Amy Hillman, the school's dean. The school is anticipating about 120 students next year, but the total could be higher.
Full-time tuition currently runs about $54,000 for the two-year program for Arizona residents, $87,000 for non-resident U.S. citizens and $90,000 for students from foreign countries. Applications are now being accepted for the 2016-2017 academic year.
A focus of the blanket scholarship offer is to encourage prospective entrepreneurs and people willing to work in the non-profit sector, within a broader giving-back-to-society theme. Funding for the program will be provided by the original endowment from the late William Polk Carey, a New York financier.
In the case of entrepreneurs, saving on tuition and fees can help free up money that could be used to launch a business, Hillman said. As for non-profits, many of these entities typically don't pay top wages and often have trouble attracting managerial talent, she said.
"These are examples of the types of people who might not see an MBA as possible," Hillman said, while adding that school officials wouldn't force applicants to go down particular career paths.
Amy Hillman is the dean of the W. P. Carey School of Business at Arizona State University. (Photo: W. Scott Mitchell Photography LLC)
Hillman said she hopes more women will apply for the scholarship offer. Women are underrepresented in the full-time MBA program, with 30 percent of the total, yet they make up a large number of non-profit employees and workers generally. The program also could help advance the Arizona economy, especially if it encourages entrepreneurs to start companies here, she said.
Hillman said the scholarship offer will be paired with a pay-it-forward theme, under which students will be asked later to serve as mentors and provide job-search help for those who follow in their footsteps. Many other universities offer MBA scholarships, but Hillman said she thought the blanket ASU offer, with its focus on giving back to society, was unusual.
ASU has 86 students in the first year of its full-time MBA program, for which the average age is 28. In the current class, 25 percent of the students come from other nations.
Hillman said prospective students should have the intellect and discipline to pursue the program, which she described as rigorous.
The scholarship offer won't help current full-time MBA students or those in the online or part-time programs. ASU has a total of 779 MBA students, including 336 in the online program, 196 in the part-time evening program, 144 in the two-year full-time program, 66 in the executive program, 32 in the weekend part-time program and 5 in the technology MBA program.
Reach the reporter at russ.wiles@arizonarepublic.com or 602-444-8616.
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