Quality and Profits: The Quest for Quality for an MBA programme in a For-Profit Business School
Background This essay intends to explore the issue of educational quality in the context of a For-Profit Business School based in London. This is a privately owned business, which offers a Master of Business Administration (MBA) programme validated by a British university, and caters to mostly students coming from overseas. The school has no degree awarding power and has to follow the academic regulations of the validating university. The MBA degree is awarded by the validating university after the students successfully complete 8 taught modules and a dissertation. The Business School had to undergo an extensive review of its financial and academic capabilities to achieve validation to deliver the MBA programme. The validation was achieved following a well-defined university process. The university took great care to look at the financial records and management practices of the institution, as part of their initial vetting visit, and following this, the course, pro...