You may have heard about Quantic’s Free MBA. It’s an innovative degree program that flips the tuition model so that employers pay to recruit from Quantic’s student and alumni network, thus shifting the burden of tuition from student to employer.
You may have also heard that Quantic’s MBA is no longer free — and you’d be correct.
The good news is that Quantic’s MBA, while not free, is still the most radically affordable — and highly selective — MBA program available. The accredited degree program has been enhanced with high-value curricular and extracurricular content and activities that we’ll get into a little later. If you had your sights set on a free education, don’t despair. Quantic has developed several ways that you can obtain free or reduced tuition – part of a new Sponsored Education initiative that’s focused on helping students navigate and secure tuition benefits from their employer, as well as continuing to connect directly with employers that wish to recruit Quantic students.
Why is Quantic’s MBA No Longer Free?
When we first offered a free online MBA, we wanted to democratize access to an elite caliber business education. We did this by asking companies to pay to recruit our students. With companies taking over the financial burden, our students essentially got their MBAs paid for by potential employers. This strategy and mission remains unchanged — in fact, we’re more committed than ever to providing more people with an unparalleled education and a highly-engaged, high-achieving student and alumni network.
So what changed? Our students wanted more: they wanted more courses, more opportunities to connect with their peers and Quantic faculty, group projects, and access to our global conferences, previously only available to Quantic’s Executive MBA students. Over the years, we’ve also added access to research databases, a library, resume consultations, additional courses (like Blockchain and Cultural Intelligence), increased events, student and alumni clubs and added more webinars to compliment student learning. In short, we enhanced our existing MBA program with elements from our Executive MBA program. The addition of this content meant that there was no way we could continue to offer a completely free MBA.
Charging companies to recruit in our optional career network was, and remains, a key component of how we’re shifting the majority of tuition costs from students to employers. Although the career network is not yet robust enough to offset ALL tuition for ALL of our students, it does, however, help keep our tuition as affordable as it is. We continue to offer our world-class MBA program to more and more high-achieving students, an imperative that demands ongoing innovation.
The Quantic MBA, while not free, is extremely affordable. At just $9600, our MBA is considerably lower-priced than comparable MBAs from other top-tier schools. The new program and pricing structure is designed to ensure that the Quantic MBA provides the best value in the MBA market for student growth potential and development. With the new Quantic MBA, our students get an even better education at a fraction of the cost of other top schools.
The elements we added from our EMBA program were carefully chosen to enhance the value of the new Quantic MBA program. These elements include access to weekend-long global conferences and virtual summits, a more robust curriculum, and a new Individual Strategic Development Plan, all designed to further enrich our students’ educational experience.
The Individual Strategic Development Plan
One of the most exciting new additions to the Quantic MBA program is the Individual Strategic Development Plan (ISDP). This plan adds a goal-setting and achievement layer to our existing MBA curriculum, prompting students to articulate and make progress on their personal career goals. It specifically targets introspective development for the early career student and helps students get the most out of the optional, in-person offerings provided as part of the Quantic program.
The ISDP requires students to reflect on their personal and professional development over the course of the program through written responses to app-based prompts. These prompts have been designed so that students gain insight into their individual strengths and limitations as they move through the program. They are prompted to identify what they want to gain from the Quantic MBA and to identify the concrete steps they need to take to make the most of their time in the program. In support of this process, students now will have the opportunity to attend a series of webinars and facilitated networking events with Quantic faculty and staff.
Quantic’s ISDP starts in the second week of the program, where students perform a self-assessment of their strengths and weaknesses, create a personal mission statement, and develop an implementation plan for their personal Quantic MBA goals. Students are prompted to check on and write reflections about their progress throughout the program. The final IDSP is due the final week of the program, where students present their short-term career objectives and a strategic plan to achieve them.
How Much Does Quantic’s MBA Cost?
Compared to similar high-quality MBA degree programs, the Quantic MBA is radically affordable. At just $9600, the Quantic MBA costs less than a tenth the price of some comparable programs.
It’s possible for Quantic students to reduce this cost even further. Quantic has heavily invested in tuition innovations that enable you obtain your MBA at a reduced cost – or completely tuition-free.
How Can You Still Get Your MBA Degree for Free?
Quantic offers three innovative sponsored education options that can help you reduce or totally eliminate your contribution towards an MBA.
Option 1. Tuition Reimbursement
Did you know that many companies offer tuition reimbursement benefits that can offset up to 100% of our affordable MBA degree? Many of the top companies worldwide – including Apple, JP Morgan Chase, Google (the company with the most Quantic students), Salesforce, PwC, Oracle, among many – have contributed or completely paid for their employees’ Quantic education. These companies recognize that Quantic enables you to obtain a world-class MBA degree without having to take a hiatus from your career, and they’re willing to invest in developing the skills of their workforce.
To find out if your employer offers tuition reimbursement for a Quantic MBA, ask your HR department or contact us for more information. We’re glad to work with your company to help further your career development.
Option 2. Scholarships
Another way to reduce or eliminate your Quantic tuition is to apply for one of our generous scholarships. Every student is eligible to apply for one of five scholarships, including:
- Hyperion Award for Entrepreneurs
- Leadership Award for Women in Tech
- Powell Impact and Sustainability Scholarship
- Strada Scholarship for Emerging Leaders
- Zenith Award for Academic Excellence
These MBA scholarships provide a full or partial financial award for students in each cohort in our program.
Option 3. Our Built-in Career Network
Another way Quantic is offsetting tuition costs to students is through our built-in career network. This innovative model charges companies to recruit and hire our exceptional learners from the career network, shifting costs from students to employers. This helps to keep our tuition rates low.
The Quantic career network connects students with companies who are seeking to hire top-tier talent. Students use the (optional) career network to discover exclusive job opportunities and connect with employers. Employers browse the student profiles to find highly qualified candidates – and then request interview opportunities.
Frequently Asked Questions about the Quantic MBA
There’s much more to discover about Quantic’s MBA program. Here are some of the more important questions potential students ask.
What’s the Difference Between Quantic’s Executive MBA and MBA?
Quantic offers both MBA and Executive MBA (EMBA) programs. Both programs run 13 months, cost $9600, and provide a high-quality business education. There are important differences between the programs, however. Since we’ve already covered what’s included in the MBA, we’ll focus now on the Executive MBA.
Our Executive MBA program is designed for professionals with seven or more years of business experience. It combines our award-winning MBA program with more advanced courses specifically designed for mid-career business professionals and entrepreneurs.
The EMBA program offers eight concentrations, and students can choose at least three different specializations. Students work through several case studies and projects throughout the program, some with group options. The program’s Business Plan Capstone Project is an endeavor designed to help students develop a business plan from start to finish, culminating in a “pitch” to Quantic faculty at the end of the program. In fact, many of our students have launched successful start-ups as a result of their Capstone experience!
EMBA students generally have more than 7 years work experience. More than 80% of our EMBA students are aged 34 to 44, two-thirds have eleven or more years of business experience, and 20% are c-level executives. If this describes your real-world work experience, Quantic’s EMBA program may be for you.
Is the Quantic MBA Accredited?
Yes! All of Quantic’s programs are accredited. Accreditation ensures that an educational institution meets quality standards and achieves its promised learning outcomes. The Quantic School of Business and Technology is accredited by the Distance Education Accreditation Commission (DEAC), which is listed by the United States Department of Education as a recognized accrediting agency. Quantic is also recognized by the Council for Higher Education Accreditation (CHEA) and licensed by the Office of the State Superintendent of Education (OSSE) in Washington, DC. Learn more about our accreditation here.
What Does Quantic’s Student Body Look Like?
The students in Quantic’s MBA program are similar to who you’d find in any top-tier MBA program. They are the best and the brightest from today’s world of business.
Your future classmates have attended some of the best universities in the world. Though it varies from cohort to cohort, generally about 70% of MBA students graduated from top-30 schools such as Oxford, MIT, EPFL, Harvard, Hong Kong University of Science and Technology, Imperial College of London, Stanford, Nanyang Tech, NUS Singapore, and UC Berkeley. Interestingly, many Quantic students also come from a STEM background, either having majored in a STEM field or work in a related industry.
Our student body is global, coming from more than 150 different countries. They work in the largest and most impactful companies and organizations, including Apple, Amazon, Tesla, Deloitte, Facebook, General Motors, Google, Lyft, Salesforce, and TikTok, to name a few.
Quantic MBA students are leaders today and innovating what business will look like tomorrow. Surrounding yourself with such accomplished peers will drive you to be better at what you do.
What Is Quantic’s Acceptance Rate?
To cultivate a highly engaged, challenging, collaborative and enriching peer-learning experience, Quantic is very selective. Our blended acceptance rate (for both programs) is just 13%, which is on par with other top programs in the world.
What Do Students Say About Quantic’s MBA Program?
In short, they love it! 98% of Quantic students say they are likely to recommend Quantic to a friend. Quantic has a Net Promoter Score (NPS) of 64 — on par with some of the world’s most beloved companies and this is higher than the NPS for the MBA programs from both Harvard (NPS of 41) and Wharton (NPS of 51).
Don’t take our word for it. Here’s what some of our MBA students say:
- “The Quantic program is a unique and engaging way for busy professionals to build their knowledge and gain their business degree.” (Elizabeth Kennard, Yale University graduate, currently Senior Manager at Canon Medical Systems USA, Inc.)
- “The MBA was a great experience. Highly engaging content delivered thoughtfully and in an interactive way. It feels like the future of education!” (Tom Garvey, University of Oxford graduate, currently Senior Business Analyst at Google)
- “Quantic is intense, but very effective! I was definitely challenged.” (Chia Jia Hao, National University of Singapore graduate, currently Innovation Program Lead at DBS Bank)
- “My journey with Quantic has been incredible. The course material equipped me with knowledge that led to a 66% salary increase.” (Robin Lu, University of California Berkeley graduate, currently Front-end Engineer at Gomay Group)
- “Quantic helped me become a better marketer, a better manager, and a better businessman.” (Tanzim Khan Milkey, Williams College graduate, currently with 360AlumniInc)
Our data shows that 94% of Quantic MBA students have achieved their goals post-graduation. Two-thirds (66%) of our graduates receive promotions within six months of graduating, with their median salary increasing 23% within that same time frame.
The reality is that a Quantic MBA helps business professionals gain confidence, get hired, get promoted, earn higher salaries, and start their own companies. We remain determined in offering a true rival to elite traditional business schools in a way that’s affordable, accessible, and fulfilling for our students.
If you’re interested in advancing your career, we invite you to learn more about the Quantic MBA and Executive MBA programs. Quantic will enable you to enhance your career prospects and engage in a world-class network that will benefit you throughout your life. We believe that the Quantic MBA is the future of higher business education – and it’s here today.