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An MBA for Free?

Here’s how to earn an MBA for free – if you really want to, that is.

Monique Verduyn

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Thanks to the Internet, you can do a complete MBA, using (mostly) free online resources. If you’re looking to up your business skills, that should be music to your ears.

Depending on which business school you choose, MBA fees can range from around R50 000 to R150 000, and can take from one to five years to complete.

Although entrepreneurship is less about education than it is about gut feel, people who run their own also have an appetite for risk – and that’s where the value of formal learning comes in. Education can influence your attitude toward risk by enabling you to understand business better.

Read Next: 15 Free Online Courses That Are Actually Worth Your Time

Let’s face it, knowing more about strategy, finance and marketing can be useful. If you understand the importance of financial and inventory controls, you can prevent fraud.

Learning about companies that grew too fast and lost control of their finances and the quality of their products may encourage you to move more slowly. You may also benefit from knowing more about human resources and the need for well-designed payment and incentive systems.

These are just a few of the tools you can get from an MBA because it’s a generalist degree, applicable to many business functions.

But do you need an MBA?

Personal MBA BookGuy Kawasaki answered this questions best when he said:

“If by education you mean book learning and class attending, then the answer is no. If by education, you mean the totality of experiences in your life, then the answer is yes.”

You may never attend university, he insists, and still be a great entrepreneur – and he should know.

Bestselling author Josh Kaufman agrees. In The Personal MBA, he states his manifesto: the business school MBA is a waste of money, if you want to just learn about business. According to Kaufman, an MBA does not guarantee success in the slightest, and has only one use: An MBA from a top school is a prerequisite for gaining entrance to the upper echelons of the Fortune 50. But it sure comes at a price. Instead, he says you can learn the same principles for a lot less money, just by reading his book.

An MBA for less than a grand?

And then there’s Laurie Pickard (32), who stands to be the first person to structure an MBA programme comprised entirely of free or low-cost online courses accessible to anyone with Internet access. She’s documenting her journey in her blog, The No-Pay MBA. Pickard is taking classes from Harvard, Wharton, Yale and other top-end universities. She’s also doing this while keeping her full-time job as a rural enterprise development and entrepreneurship specialist at USAID, working from Kigali, Rwanda.

A year or two ago this would not have been possible, but the number of top-tier institutions offering free online business courses has exploded. Pickard has chosen to document her journey so that other students can her blog as a resource.

Cleverly, she organised her degree path by themes, with the first semester tackling three topics that are standard in the MBA core curriculum:

  • Management
  • Business ethics and leadership
  • Finance
  • Accounting.

Related: 10 Free Online Courses That Can Benefit Every Entrepreneur

Free MBA from Regenesys Business School

Regenesys Business School

In a world first, Regenesys Business School, is offering free business education up to an MBA level. The institution is making all learning materials freely available online.

This move allows individuals from anywhere in the world to study on their smartphone, tablet or PC, for free. By registering online, students enjoy unlimited access to these learning materials at no cost. This also allows a student the freedom to complete a qualification module by module according to his/her own time requirements.

“Our goal is to educate one million people in the next three years,” says Brett Cousins, director at Regenesys Business School.

“Regardless of one’s location or financial means, everyone should have access to life-long learning and development opportunities.”

Regenesys Business School on +27(11) 669 5000 or visit www.regenesys.co.za.

But wait, there’s MOOCs

Thanks to the MOOC revolution, you too can get your MBA for nearly free. MOOCs is an acronym for massive open online courses – they can be accessed globally over the internet, and are really flexible.

The options are many, but here is a list of the core MBA courses you should take to give you the knowledge you’d get at university, as well as some of the MOOCs that cover the content:

Related: 6 Free Online Classes For Digital-Marketing Beginners

The best part? You can learn all these new skills – through the world’s top universities – without quitting your business, or forking out R100 000. Also, MOOCs by their nature are exciting and fun – they’re at the leading edge of online learning, and you can expect to interact with students from around the world. So here’s to lifelong learning.

Monique Verduyn is a freelance writer. She has more than 12 years’ experience in writing for the corporate, SME, IT and entertainment sectors, and has interviewed many of South Africa’s most prominent business leaders and thinkers. Find her on Google+.

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Enhance Your Entrepreneurial Flair With An Online Postgraduate Diploma From The University Of Pretoria

The Department of Business Management at the University of Pretoria, a leader in business management education, will be offering an Online Postgraduate Diploma in Entrepreneurship for the 2018 academic year with some seminars to enrich your action learning experience.

Dr Alex Antonites

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The Department of Business Management at the University of Pretoria, a leader in business management education, will be offering an Online Postgraduate Diploma in Entrepreneurship for the 2018 academic year with some seminars to enrich your action learning experience.

The programme content focuses on the start-up processes, creativity and opportunity recognition, business planning and marketing as well as financial management. Furthermore, the programme emphasises entrepreneurial growth and small business policy development with relevance to the enabling environment.

Who should enrol?

The programme is designed for pre-, nascent and start-up entrepreneurs who want to attain an advanced degree in entrepreneurship. It is also intended for individuals who work in an entrepreneurial environment and are involved with small business policy development. Although many students in the programme have academic credentials in entrepreneurship or business management, the programme is also appropriate if your education and/or experience may be in other disciplines (e.g. engineering or medicine).

Admission requirements

A relevant bachelor’s degree.

Related: This Enterprises UP Expert Explains Why Start-Ups Really Fail

Additional programme information

The duration of the course is one year. The language of tuition is English and the course will be presented in two blocks by means of the blended learning method (70% online and 30% contact sessions). Students need continuous access to the internet to complete the course.

Course Contents

Overview of modules for Block A

  • Ideation-to-market: Starting up
  • International Business Venturing
  • Venturing Strategy Building (Part 1)

Overview of modules for Block B

  • Entrepreneurial Marketing
  • Entrepreneurial Supply Chain Management
  • Entrepreneurial Finance
  • Venturing Strategy Building (Part 2)

Click here for more information.

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How English Language Skills Play An Essential Role In Building Trust With Your Customers

The English language is the global language of business, politics, international relations and entertainment for a number of countries worldwide.

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The English language is the global language of business, politics, international relations and entertainment for a number of countries worldwide.  While English is not an official language in many of these countries, it is the language most often taught as a foreign or second language, which means that it is spoken by over two billion people.  It therefore breaks down barriers, drives global collaboration and thinking and opens doors to a multitude of opportunities around the world.

However, in spite of this leading role of English in the globalised world, management often considers language skills a ‘soft’ issue and does not recognise that  immediate or concerted efforts for change are required; or more specifically, that individuals need to be fluent in English in order to be competitive in an international business market. As  Jeff Standridge, Vice President of Global Workforce Management at Acxiom Corporation states, “We have to be able to work seamlessly across the enterprise. That requires us to overcome any language barriers that exist. Without the ability to communicate clearly, concisely and effectively, significant risks begin to enter the equation, including lower quality and lost productivity. By addressing these needs early on companies can see a significant financial impact with global initiatives”.

Companies face challenges in educating clients about services and specifics of a product when they lack English language skills. Misunderstandings or mistakes in conveying that type of information cost time, relationships and money.

Related: Effective Communication Means Business Success

The potential loss of trust and commensurate loss of business as a result of misunderstandings through language underscores the importance of a full knowledge of the language for external communications, marketing and branding as well as for handling government and media relations. Ultimately, developing trust with local and global clients and overseas partners requires highly developed English language skills. This sentiment is echoed by Herman Uscategui, Director of Global Strategic Initiatives and International Business Development, Starbucks Coffee Company:

“Advanced language skills provide the foundation to trusted relationships with customers, communities and partners”.

There are many companies and individual professionals who fail in their quest for business or professional success. This failure can primarily be attributed to one of the most basic foundations of forming business relations – the language spoken. Undoubtedly, the English language is the global language for business and having a good command of English will definitely give one who is eyeing globally competitive business or career a clear edge.  Any communication problem, whether personal or business, translates to losses, zero result in negotiations, incompetence for global business or will just simply leave you ill-equipped to carry out business.

In an increasingly aggressive and competitive environment where people work an extraordinary amount of hours and have a number of objectives to reach,  language vendors need to ensure that individuals are capable of learning successfully at their job. The best results occur when instruction is customised to employees’ roles. Subsequently, they will be able to listen to and communicate effectively with diverse people, using appropriate verbal and nonverbal behaviour, language and strategies thereby bridging geographic and linguistic barriers.

The Wits Language School English Communication for Professional Development programme customises English language solutions for public and private organisations that enable organisations and individuals to reach their language goals and to maintain their competitive edge in local and global business.

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10 Books Tim Ferriss Thinks Every Entrepreneur Should Read

Check out these titles curated by the productivity expert and podcast host.

Emily Conklin

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Tim Ferriss, the productivity expert, author and inspirational speaker, is an avid reader, and has highlighted many books on his show and through his blog, seeking to share some of the same wisdom that inspires him.

From self-help to science fiction, there is something for everyone, and these 10 tomes have been selected from the many that make up Ferriss’s library. See what he recommends and why, and get ready to spend your Sunday mornings curled up with one – or several – of these books.

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