Tom Ryan wants to give more South Africans the opportunity to do an MBA. To do this, Ryan, who co-designed the executive MBA at UCT’s Graduate School of Business, has developed SA’s first low-cost MBA equivalent. Ryan was inspired by the story of an American, Laurie Pickard, who earned her now widely publicised "no-pay MBA" using massive open online courses (MOOCs) and other low-cost online resources. He has partnered with a Cape Town-based nonprofit organisation, Salesian Life Choices, to create a two-year business education for R38,000. This is a fraction of the cost of MBAs offered by Wits, UCT and Stellenbosch — which range from R226,000 to R289,000 — and an even smaller portion of the fees for MBAs at top international business schools, amounting to well in excess of US$100,000. Naturally, Ryan’s low-cost MBA doesn’t come with the same credibility as its higher-education equivalents, and it is not yet accredited within a recognised qualifications framework. But the plan is not ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.