UCLA MBA To Go Private: MBA News

The UCLA MBA at the university's Anderson School of Management is to shift from a part-state funded model, to one that is completely private.

Though the plan was first proposed over two years ago, the University of California's President Mark Yudof finally gave the green light to the UCLA MBA's private funding model this week in a letter to UCLA Chancellor Gene Block.

"I am writing to respond formally to your request that I approve the proposal to convert the Anderson School of Management full-time State-supported MBA program to self-supporting status," reads Yudof's letter.

"The MBA program that is proposed for conversion to self-supporting status would have the same academic requirements, the same faculty, the same curricula, the same kinds of students, the same admissions requirements, and the same academic delivery model. The only difference would be that the program would be supported by student charges that cover the full costs of the program, including campus indirect costs, rather than by State support combined with systemwide tuition and fees and Professional Degree Supplemental Tuition."

Sixth Program to go Private at UCLA Anderson

Though the privatisation of the UCLA MBA program has long-been planned, it is not the first program that UCLA Anderson offers that has been allowed to switch to a full privately funded model. The business school's three executive MBAs, a part-time MBA, and a Masters in financial engineering have all been allowed to make the switch previously.

In terms of tuition fees, it is very likely that future applicants, and those who do not currently have a confirmed place on the UCLA MBA program will likely have to pay rates similar to similarly high profile MBA programs. However, this will also result in the school being able to pay for the best faculty and facilities.

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