shrouded1 wrote:
Boss its a business
Why does business school cost as much as it does ? ... same reasons
Its a business, and the right price is the price people are willing to pay.
If people would pay $300, then they should increase it to 300, good business sense would not have it any other way :d
I disagree with this especially about bschool costs too-much...actually sometimes b schools can't manage their operations from the fees they charge ...Schools need to spend a lot...Look at some points...
- Paying to regular faculty and even paying more to visiting faculty(or industry experts who come to give lectures )
- Huge amount of cost goes into creating infrastructure and maintaining it. (MIT just built E62 building for Sloan...from where these cost and money come...think!)
- Specific labs and learning centres cater to Entrepreneurship & Innovation, leadership skills,etc all require huge amount of money to be operationlise
-Foreign tours and foreign industry visits
I think for elite schools,whatever we pay is just a subsidy... MBA schools fill up this money gap by govt grant,alumni donations, and by selling their intellectual property.
just my 2 cents.