Cornell Tech and Cornell Johnson have teamed up to create a one-year MBA program that will better meet the growing technological needs of today’s business world. The Cornell Tech MBA will combine elements from Cornell’s computing and engineering programs with Johnson’s culture of entrepreneurship, collaboration, and creativity to create an innovative accelerated MBA program.
According to a P&Q article about the new program, students will be required to hold an undergraduate degree in computer science, engineering, mathematics, or another technical field, though exceptions will be made.
The program will debut next summer and is expected to enroll between 35 and 50 students. The year will begin in the summer on Cornell’s campus in Ithaca for a 10-week term that includes an orientation and core business courses, and that focuses on leadership training and professional development work.
Students will then relocate to the Google headquarters in New York City (where Cornell Tech is currently based) for the fall and winter semesters. In 2017, the program will move to Cornell’s future campus on Roosevelt Island (also in New York City).
The curriculum for the remaining two semesters will be broken down into three categories: The foundations of business with tech emphasis, essentials of tech business, and performance learning.
According to the P&Q article, the program will cost about $95,000, almost $10,000 more than Cornell’s existing one-year accelerated MBA program. The existing program, based in Ithaca, is for people with advanced degrees or relevant business certifications, like the CFA, CPA, or CA (in Europe and India).
The Cornell Tech program is expected to grow in the coming years, enrolling hundreds of students per year.
According to Associate Dean for MBA programs at Johnson, Doug Stayman (as quoted in P&Q), “We visited tech companies in New York, Boston, San Francisco, San Diego, and Seattle. We talked to everyone from three-person startups to Intel. We asked, ‘What industry needs are not being met well by the traditional MBA?’ And then, we worked back from there on what would meet those needs.”
Some of his research provided answers to this question such as: less time taken off from the industry to pursue an MBA and younger, more tech- and digital-savvy, innovative businesspeople.
The result of the market research completed by Stayman and his team is an MBA program that, as Stayman puts it “is not just an MBA in New York…[and] not just a tech MBA.” Instead, he explains, it is a program that focuses on “how technology is changing business.”
For more info, see the Degree Programs page on the Cornell Tech site, the Poets & Quants article, “Cornell’s $95K One-Year MBA in New York,” and the Financial Times’ article, “Cornell Tech – technology and business in the heart of New York.”
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