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Optimal Pricing Of Executive Mba Programs

Author

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  • Francis Petit

Abstract

The purpose of this research is to determine the most strategic tuition pricing strategy that can be utilized by senior management in Business Schools when pricing Executive MBA Programs. To determine this information, the state of the Executive MBA market and three pricing strategies were reviewed in detail and an analysis ensued on the viability and applicability of each strategy for pricing Executive MBA Programs. The main findings of this study indicate that the Value Based pricing model is the potentially most strategic strategy that can be implemented, out of the pricing models evaluated, for pricing Executive MBA Programs so long as Business Schools have the ability to not only align the value of a particular program to the market demanded value but can also effectively communicate this value in the marketplace. The results of this exploratory study can have significant implications on the discussion of pricing Executive MBA Programs on senior management within Business Schools.

Suggested Citation

  • Francis Petit, 2010. "Optimal Pricing Of Executive Mba Programs," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 2(1), pages 93-104.
    • Handle: RePEc:ibf:beaccr:v:2:y:2010:i:1:p:93-104
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    More about this item

    Keywords

    Executive MBA Program; Pricing Strategies; Marketing;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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