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There is 1 comment on University Begins Strategy Planning for the Next Decade

  1. So I thought about a few ideas, picked a good one, and shot them an email. xD

    […]
    2:42 PM (1 minute ago)
    to strategic-plan-taskforce

    Dear Sirs and Madams of the Task Force,

    I saw the article on BU Today and I’m excited to see my alma mater drafting a great plan to be the home of next generation leaders.

    One thing BU can do is to expand the programs and introduce new ones that promote industry leadership, such as on-campus and distant EngD and CFA programs. These programs are respected by their industries. They help students find a great job right after school.

    The old programs focus on academic leadership and academic careers. These worked well in the past when costs were low and wages were high. Such programs’ graduates could once have an academic research position that paid a living wage, and even take their years to adjust to an industry position if they wanted. In today’s high living costs, low wage environment, the long years to adjust and earning a living wage can be very painful. This is the underlying reality that some Americans no longer think university is worth the money.

    Therefore, competitors have added new programs that focus on industry careers and partnership with employers. The University of Toronto has added CFA program (link removed, please Google yourself) that can help dedicated students pass first two levels of CFA exams in two intensive semesters, and the last level in two more part-time semesters. (For its own students it can function like a 4+1 similar to accounting’s CPA.) The CFA designation is respected by the industry, but it is otherwise very difficult to acquire for the students who self-study. The program has been a success, enjoying ~90% passing rate in the first two levels vs the exam average of ~45%. The program has also been receiving abundant requests from employers interested in hiring.

    John Hopkin’s University has added a three-year EngD program that has a similar industry focus that gives students a very strong practical body of knowledge and its partnership with industry and public employers has earned their trust. Students welcome this program because it helps them find a great job right after school. Ironically, JHU’s own EngD vs PhD webpage happens to outline the high-level differences that describe an academic leadership-focused program and an industry leadership-focused program: (link removed, please Google yourself)

    Academic leadership-focused programs still have the respect from science and the researchers. It is the cradle of science. If all students who go to school learn only industry and practical knowledge, science would have become a myth. However, BU can make a competitive response to these other universities’ future-facing programs and start our own industry leadership-focused programs. Pragmatic students would love the prospect of having a great job right after school.

    Faithfully yours,
    Solo[…], Questrom 2014

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