One of the problems that I face, and I’m sure that others face is one of resources: time and money. Another concern is the desire for flexibility in how the actual classes are delivered. There are a lot of distance/part-time options out there but they vary in quality very widely.

Initially, I was thinking about Columbia’s CVN program for a Master’s degree in Computer Science. The problem with this is the fact that EACH class costs a little over $4000. The classes are delivered on-line and there is no residency requirement.

Another option is the Part-time MBA from UMass-Amherst. It’s also delivered completely online and a relative bargain. The whole program of 37 credits will only cost a about 26K. That’s a big savings over the cost of about $45K for the MS at Columbia.

Then there is a third option: the ALM-M program at HES. It requires 12 classes, but each class is only about $2K. Not only is that a little less expensive than the pMBA program, but it’s a tad more attractive since it appears there is some evidence that they will be increasing the admissions requirements. This can only benefit the program. It’s a unique idea, since the Harvard Business School already offers a (very prestigious) MBA at a very expensive 46K per year (and you require two years). It appears that it is a bit MBA-like, with some other coursework thrown in to make the program a bit more tailored for someone who isn’t necessarily on track to be a CEO but wants to add to their management/leadership skill-set.

I’m still trying to decide and it isn’t fun. Whatever choice I make, I’m going to incur some opportunity cost.

I need to think long and hard about this.