Oxford’s Saïd Business School to Launch New “1+1” Specialized Master’s and MBA Program
Peter Tufano, the newly appointed dean of the Saïd Business School at the University of Oxford, wants to ensure that the U.K. school can compete with the best U.S. business schools, which is part of why he’s rolling out a new one-year, combined master’s degree/MBA program, the Financial Times reports.
Tufano, who heralds from Harvard Business School, says the new “1+1” program, as it is being called, is about “depth plus breadth.” Participating students will be able to dive into a specialized subject – such as environmental management or education – while also obtaining the breadth of a business degree. “The choice has been between one year or two [for an MBA]. Now you can do one or two, but a different two,” Tufano told the FT.
The university is in the final stages of approval for the new combined program, and an initial four departments – geography and the environment, education, computer science and the Oxford Internet Institute – hope to enroll students in 2012. According to Tufano, most of the 230 year-long postgraduate master’s programs at Oxford could be potential future program partners.
The new program is designed to provide students with an option similar to two-year MBA programs at top U.S. schools, in which they get to choose from a wide range of electives after completing core business courses. Because fees for master’s degrees are lower than for an MBA, the total cost of the 1+1 program at Oxford will come in at up to $50,000 less than the cost of a two-year MBA at Harvard or Wharton – somewhere between $114,500 and $134,000, according to the FT report.
The move toward combining general business study with specialized master’s programs is a growing trend. Other schools such as the Indian Business School, the Ross School of Business at the University of Michigan and Stanford Graduate School of Business have all adopted similar approaches in recent years. At Stanford, one in six MBA students are currently enrolled in combined programs, a number Dean Garth Saloner hopes to see move toward one in four.
For the complete Financial Times story on Saïd’s new 1+1 program, click here.
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