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12/09/2010

An MBA, the Facebook way?

Facebook_Mba2 Usually when you think of a hard-working student spending too much time on Facebook, you might imagine that they're slacking off.

Either that, or they're busy plugging away on their MBA.

Now, that would be a valid excuse because there's a school in England that's offering an MBA over the web. While that's nothing new, this one is earned specifically over Facebook.

The London School of Business and Finance has launched a Global Masters of Business Administration program that works over a Facebook application. According to the Toronto Star, the school says it's the first in the world to do something like this. 

Users, er, students, install the LSBF application on their account and take part in the course on their own schedule - not on the school's timetable.

How exactly does one earn their MBA while spending time on Facebook? The LSBF's Facebook app involves online discussions, video lectures and readings, among other activities.

If you're looking to save a couple bucks on a pricey degree - this is a wallet-friendly option. Tuition is a measly $23,000. By comparison, tuition at the University of Toronto's Rotman School of Management is about $75,000. 

With the money you save, you could kick back and enjoy a pint with your classmates. 

Well, you could - if they live near you. Given it's a Facebook-based education program, it might be easier to send them a digital poke than to have a toast.

And that's exactly something this program lacks, the face-to-face interaction that many say is so crucial to success not just in the program, but in the workforce afterwards. 

Or maybe they're onto something: The school expects to attract 500,000 students within the first year. 

Would you get a university education - or an MBA - over Facebook? Is the convenience better than the in-person school experience?

- Maurice Cacho, MSN Tech & Gadgets

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Danny BradburyDanny Bradbury

Danny Bradbury is a technology journalist with 20 years' experience. He writes regularly for publications including the Guardian, the Financial Times, the Financial Post, and Backbone magazine. Danny also writes and directs documentaries.

Maurice CachoMaurice Cacho

Maurice Cacho is a Toronto-based journalist mixing his love for tech with a passion for news. He's also CP24's Web Journalist and appears daily on CP24 Breakfast and weekly on the channel's tech show, Webnation, discussing tech news and trends.

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