By Kang Shin-who
More than half of the students taking MBA courses in Korea say they are dissatisfied with the exorbitant tuition, while their satisfaction level with the overall programs edged up slightly.
In a survey of 1,632 students and 80 professors at 13 Korean universities, the Ministry of Education, Science and Technology questioned students and professors to determine their satisfaction levels with the schools in six categories — overall program, studying performance, curricula, student recruitment, faculty members and educational environment.
Results showed that 50.9 percent of the students answered that tuition was too high, while 19.9 percent said it was satisfactory.
Regarding their satisfaction with overall programs, 48.3 percent of the respondents said they were satisfied, while 19.4 percent responded negatively and 32.3 percent answered “so, so.”
Their overall satisfaction level stood at 3.35 points out of a possible score of 5 for 2010, up from 3.21 in 2008.
It also found that only 38 percent of them believed the MBA program would be helpful in landing a job and getting a promotion; although 67 percent said it is beneficial for social networking.
Among the diverse MBA programs, Sunkyunkwan Unviersity’s Executive MBA (EMBA) charges the highest tuition of 100 million won ($87,000), followed by Yonsei University’s EMBA costing 91.7 million won and Korea University’s EMBA priced at 87million won.
“There is still a wide gap between MBA providers and consumers as appeared on the survey, but overall the satisfaction of students with the programs continue to grow,” said Kim Rae-su, a ministry official.
“Although we don’t release survey results for each school, it would motivate them to develop better educational services,” he added.
Korean universities started to run MBA programs in 2006 and the ministry has conducted the survey since 2007 in order to boost competitiveness among the business programs. It also offers state funds to MBA schools that have excellent performances.
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