The University of Kentucky and the University of Louisville are working
to develop a joint masters degree in business administration for executives.
The program would be aimed at preparing mid-level executives for senior leadership, said David Blackwell, dean of UK's Gatton School of Business and Charles Moyer, dean of UofL's College of Business. The plan was to be announced Monday at the Kentucky Chamber of Commerce Business Summit in Louisville.
The program would probably start in the fall of 2014, with half the classes taking place in Lexington and half in Louisville. The classes would be held every other weekend to allow for existing job schedules. The two schools would split teaching duties, expenses and revenues.
The joint program could add 40 to 45 new MBA students a year, mostly from the Louisville, Lexington and Cincinnati metropolitan areas, Moyer and Blackwell said.
Executive MBA programs have long been a cash cow for business schools because they are usually accelerated into one year, and have often been subsidized by employers.
Currently, UK offers three MBA options, but does not consider them to be executive MBA programs. They have a one-year accelerated track, a two year evening track, and a program in partnership with a Greek university. The tuition ranges from $6,225 a year for residents, to $13,000 a year for out of state students.
This new program will be geared toward those out of college and in the business field for 8-10 years, and will expect a different delivery system, said Harvie Wilkinson, director of the MBA programs at Gatton. A planning committee between the two schools are developing curriculum, and will set tuition within the next year.
"This program would give students a unique opportunity to learn from the best faculty members at the state's two leading business schools and draw on a large pool of business leadership resources in Kentucky's two largest metropolitan areas," Moyer said.
Blackwell said in the past, many executives have had to leave the state to find a quality MBA program.
"This would allow them to pursue a world-class program right here at home."
(c)2013 the Lexington Herald-Leader (Lexington, Ky.)
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