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Local MBA
programs will double
Come fall, potential business students will have
nearly twice as many options for getting an MBA
degree in the Twin Cities.
Several schools are planning
to launch MBA programs for the first time, including
St. Mary's University of Minnesota, Augsburg College
and Minnesota School of Business and Globe College.
In February, Argosy University/Twin
Cities launched its new school of business, which
offers an MBA degree.
And the for-profit University of
Phoenix, which offers an online MBA degree, is
seeking classroom space in the Twin Cities.
Combined, that's a major influx
of new MBA programs, considering that only six
Twin Cities schools offered such degrees in 2003.
The programs range in size and ambition,
but are all part time. St. Mary's will start a
program this fall with about 50 students. School
officials want that number to grow to between
300 and 600 in seven years. They will start with
an evening program, but aspire to develop a full-time
day program within a few years.
Karen Gulliver, director of the
St. Mary's MBA program, said it will have three
tracks: a general manager's degree; a degree with
a specialty area, such as marketing, that requires
extra classes; and an executive track for students
with extensive business experience.
Eagan-based Argosy's new school
of business started offering classes in January
toward an MBA and a Doctor of Business Administration.
The Minnesota School of Business, which has several
suburban campuses, is creating an MBA program
that would offer classes in the fall, according
to a company official. Both schools created the
programs in response to growing demand from suburban
students.
Augsburg College will start small
and keep it small. "We're starting this fall
as a response to the marketplace," said Robert
Kramarczuk, new director of Augsburg's MBA program.
Many working adults are returning
to school to receive graduate degrees in the hopes
of advancing their careers. In the business arena,
the demand is for the MBA credentials, Kramarczuk
said.
Augsburg, which already offers a
master's degree in leadership, will focus on a
personalized approach starting with 20 to 25 students.
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