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A Consortium Model SBAA November 2009. Dr. Joe Bocchi, Executive Director – Georgia WebMBA Program – University System of Georgia. Overview. Implemented 2001 Geographic Outreach Consortium – 5 USG Schools - AACSB USG: Training/Development Lock-Step -5 Terms/2 per Term
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A Consortium Model SBAA November 2009 Dr. Joe Bocchi, Executive Director – Georgia WebMBA Program – University System of Georgia
Overview • Implemented 2001 • Geographic Outreach • Consortium – 5 USG Schools - AACSB • USG: Training/Development • Lock-Step -5 Terms/2 per Term • 36 Students 1st Year - $12K Net • Governance: MOU & Governing Board • Balanced: School Contribution
Current Profile • Cohorts: 2010 - 20th • AACSB, Travel, Flexibility, Cost • Schools: AACSB, 10 Years Growth, AQ • USG: Technology/Branding • 250 Students/Year - >$1.3M Gross • Learning Teams: 85% Graduation Rate • Reputation, Resources, Reach
SchoolFunctions Program Functions • Admissions Criteria • Application • Financial Aid • Admissions • Registration • Tuition Payment • Academic Policies • Grade Filling • Faculty Selection • Faculty Review • Graduation • Accreditation • Marketing • Admissions • Course Standards • Budget • Governance & Oversight • Technology - Liaison • Training Strategy • Course Development • Course Managers • Performance • Quality • Accreditation Support
Program Goals Accredited General management MBA provides an advanced foundation for effectively managing in any organization. • Sustainability and Scalability • Outcomes Comparable to Campus Programs
Student Profile • Average: • Age: 33 • Yrs. Business. Experience: 11 • Yrs. Management Experience: 7 • GMAT: 510 • GPA: 3.12 • GMAT Waivers – Work/Degree: 27%+ • Middle Management • Travel: Avg. 9 Hours/Week • Southern States
Implementation • Curriculum Alignment • Learning Objectives • Course Development • Faculty Selection • Faculty Training • Technology Implementation • Course Managers
Economic Feasibility • Schools Collect Course Tuition • Retain Base Rate: Varies • Differential Sent to Agency Account • Operating Expenses • FY – Net – 75% 25% • 75% Allocated for Courses Staffed • 25% for Student Registrations • Faculty Compensation Varies • Performance - Activity
Challenges • Operations • Co-Branding – 6 Schools • Image Equity • Geographic Expansion • Professional Promotion • AQ+ • Bench Strength • Corporate Partnerships
Challenges • Accreditation • Competitive Tuition Pricing • Performance Management • Metrics - Conversions • Financial Model Adjustment • Scalability –Expanded Centralized Functions • Technologically Independent