The University of Cambridge has proposed a new business program that may cause some sticker shock.
The four-year course is a doctorate of business and will cost students roughly £230,000, as Times Higher Education reported. Not including room and board, that makes it one of the most expensive degrees in the world.
The “Doctor of Business Degree” will be comparable to a PhD program, a representative for Cambridge told Business Insider in an email, noting that it's still subject to approval.
“The four-year programme's annual fees are comparable to leading Executive MBA programmes, while also reflecting the fact that the programme will be very small and selective, demanding substantial resources for intensive teaching and support services,” the representative said.
For comparison, the Wharton School of the University of Pennsylvania has a two-year executive-education program that runs students $192,900. The London Business School has a 20-month-long program that runs students 72,795 pounds, or $106,328.
The University of Cambridge's massive price tag has already led some faculty members to implore the school to think through the implications of creating the new course.
“Where is the intellectual justification for this departure into new doctoral territory?” asked Gill Evans, professor emeritus of medieval theology at Cambridge, according to Times Higher Education.
