Should B-School Students Pay More?
1 August 2007 at 12:35 pm Peter G. Klein 1 comment
| Peter Klein |
Business professors earn more than their faculty counterparts in history or music. Why shouldn’t business majors pay higher tuition than history or music majors?
That’s the reasoning many US public universities are employing, reports this New York Times piece. Undergraduates majoring in business, engineering, journalism, and other professional programs are starting to face tuition premia. Faculty salaries vary, by discipline, according to supply and demand (at least within limits set by the university cartel), and tuition and fees are starting to adjust to match. An interesting move for institutions that have long resisted using the price mechanism to allocate resources among and within operating units.
Update: See Brian McCann’s commentary here.
Entry filed under: - Klein -, Institutions, Teaching.
Organizations and Markets 
1.
Stuart Buck | 1 August 2007 at 1:40 pm
Framing, framing! They should say that business students are paying the *normal* tuition, while the struggling art students get a *discount.*