[smbtoolbar]

A Complete Guide to Getting an MBA-Level Business Education at a Fraction of the Cost

Learn More
Laurie Pickard

Laurie Pickard

Author of Don't Pay For Your MBA

Hi! I’m Laurie. I used massive open online courses (MOOCs) from platforms like Coursera and edX to get a business education equivalent to an MBA - for less than 1/100th the cost of a traditional MBA degree.

My journey with MOOC-based education began when I saw an opportunity to build the business education I had long desired without going into debt. For me, as an international development worker, MOOCs had the added benefit of being accessible from anywhere.

My book and the resources on this site are for anyone seeking a world-class business education using the free and low-cost tools of the internet. I hope you find them useful!

The No-Pay MBA Blog

Halfway through my MOOC MBA: Looking ahead to the semester and beyond

Highlights of Fall Semester 2014

Even though MOOCs don’t run on a semester schedule, I still like to think of my business education in those terms. As I near the end of the fall semester of my second year of self-made B-school, I’d like to reflect on some of the highlights of the past four months. A professor asked me to take his MOOC One of the most exciting things that happened this semester was that a professor reached out to me and asked me to take his MOOC. And I’m glad he did! Professor George Siedel teaches an excellent course titled Successful Negotiation. Which brings me to my next highlight...
read more

MBA Program or MOOCs? 4 tips before you apply

The first time I didn’t go to business school I was thoughtless. The second time I didn’t got to business school I was restless. But the third time I didn’t go to business school was the charm. With the benefit of hindsight, I can tell you that I approached my graduate education all wrong. While I believe that I got it right in the end - more on that later - I also believe that you can do better. So put down that GMAT prep book. There are a few things I strongly encourage you to do before you apply to a single MBA program.
read more
Halfway through my MOOC MBA: Looking ahead to the semester and beyond

Assorted Thoughts on MOOC Education and My Favorite TED Talks

I was recently interviewed by Niya Koleva of the Bulgarian website Smartigraphs. I enjoyed answering Niya's questions so much that I wanted to re-publish the interview on my blog. Currently, most of Smartigraphs' content is in Bulgarian - the site was started by a group of Bulgarian students - but they are planning to increase the amount of English language content published on the site. As Niya told me, "We started as a small team of students and have now expanded and have 5 authors and 2 designers working on various social topics ranging from energy to elections. Most of us have graduated or are currently enrolled in Sofia University St. Kliment Ohridski, and only 2 people of the team are not studying Political science. We aim at explaining the world and complex concepts in a beautiful way through infographics. We are also working on an English version of the website so that one day a broader audience would be able to enjoy our work." Below is the full interview, which originally appeared on Smartigraphs.
read more
Halfway through my MOOC MBA: Looking ahead to the semester and beyond

What Do Employers think of MOOC Education? A CEO’s Open Letter to MOOC MBA Students

The debate about MOOC education rages on in both online and print publications. Just as important as whether low completion rates are a problem, and whether traditional colleges should be quaking in their boots, is the question of whether the market will respect MOOC education. In other words, can a virtual stack of Coursera Statements of Accomplishment translate into real job opportunities? Below is one answer to that question. Mark Olvito is the CEO of LM Foods, LLC, a consumer packaged goods company in New Jersey. He reached out to me recently to say that he has encouraged his employees to look into MOOC education as a way of furthering their professional advancement. He also graciously accepted my offer of a guest post on the No-Pay MBA blog. I encourage you to visit his thought-provoking and inspiring blog Hustle or Bust. Read on for Mark’s thoughts on MOOC learning and its relationship to the search for outstanding candidates.
read more
Halfway through my MOOC MBA: Looking ahead to the semester and beyond

Customizability and Immediacy: Two More Benefits of the MOOC MBA

Most of the discussion about MOOCs and their advantages has focused on price (cheap or free) and teaching methodology (flipped classroom, lectures that can be viewed again and again). But as I am discovering, a MOOC-based learning program has two other much less-discussed advantages, especially for working professionals – customizability and immediacy. As you know if you’ve been reading this blog, my goal is to mimic a traditional MBA education using MOOCs and other free resources. I’ve used the curricula of top MBA programs like Wharton, Harvard, and Stanford to come up with my list of courses and topics. (If this is something you’re interested in, you can find more info on my Curriculum page, or on the MBA Learning Pathway on SlideRule, which I helped to create.) But recently I strayed from the traditional MBA curriculum to take a course on Social Psychology, and I’m very glad I did.
read more
Halfway through my MOOC MBA: Looking ahead to the semester and beyond

Why MOOCs are Valuable – Even if Not Everyone Finishes

I’ve posted a couple of articles recently on the No-Pay MBA Facebook page suggesting that perhaps the low completion rates in MOOCs are not evidence that they are a failed experiment. As an Atlantic article recently put it, “Out of all the students who enroll in a MOOC, only about 5 percent complete the course and receive a certificate of accomplishment. This statistic is often cited as evidence that MOOCs are fatally flawed and offer little educational value to most students. Yet more than 80 percent of students who fill out a post-course survey say they met their primary objective. How do we reconcile these two facts?” I’d like to add my voice to the chorus of people who say that maybe it’s completely understandable that only a slim minority of MOOC registrants make it all the way to the finish line. The way I see it, there are two ways MOOCs can be valuable. A MOOC can either build your knowledge about a particular subject, or it can build your skills to apply knowledge in a particular way. I’ve written about my strong preference for skills building courses, but I see the value in both types of learning. Ways of knowing One of the things I’ve found most valuable about studying business via MOOC is the process of discovering – and putting firmer boundaries around – what I don’t know. It’s like the elephant parable, which you have probably heard if you have ever done any type of leadership or team-building retreat.
read more

A Review of Wharton’s Marketing MOOC

I’ve always had a distaste for the idea of marketing. I saw marketing as a fluffier part of business – as compared to subjects like accounting and finance – and I was uncomfortable with the idea that corporations actively work to shape our desires. I might not have taken a marketing course at all, if it weren’t for the fact that I’m using MOOCs to mimic a degree-bearing MBA program course-for-course, and most if not all MBA programs include at least one course on marketing. Introduction to Marketing, a MOOC from the University of Pennsylvania’s Wharton School of Business, quickly disabused me of my mistaken notions about marketing. In fact, by the end of the course I was convinced that marketing is a central component of business strategy – perhaps the central component. The course is taught by three professors – Barbara Kahn, Peter Fader, and David Bell. Each prof teaches one unit – Branding, Customer Centricity, and Go-to-Market Strategies, respectively. Introduction to Marketing is part of the Wharton foundational series – along with Introduction to Accounting, Introduction to Operations Management, and Introduction to Corporate Finance. I’m still counting my lucky stars that one of the top business schools in the country started giving away free online versions of its core courses just as I started putting together my free version of an MBA. Without further ado, let’s go through my three-part rubric for evaluating online courses.
read more
Halfway through my MOOC MBA: Looking ahead to the semester and beyond

Foundations of Business Strategy – Yes, you can learn to do strategic analysis online

I just finished another outstanding course, “Foundations of Business Strategy,” taught by Michael J. Lenox of the Darden School of Business at the University of Virginia. Like Wharton, Darden is a leader in providing B-school content via MOOC. This course was dense with content. In just six weeks we covered: The concept of strategic analysis and the impact of competitive markets on business success How to analyze industry forces How to analyze firm capabilities How to analyze competitive dynamics How an organization can best position itself competitively to create value How to analyze firm scope
read more

More articles

Are you interested in starting a No-Pay MBA?

Enter your email to get the first chapter of my book "Don't Pay For Your MBA"

Newsletter

no-pay-mba-popup

Are you interested in starting a No-Pay MBA?

Enter your email to get the first chapter of my book
"Don't Pay For Your MBA"

Thank you! Check your email to claim your download file.