Centrum, powered by Moodlerooms (formerly Nivel Siete), announced they will be offering Massive Open Online Courses (MOOCs). These free and open virtual MBA courses with a certification option, are open to all students. And the reaction to this announcement was tremendous – within four days of the launch, the registration numbers have outpaced expectations.
Centrum’s objective in building these MOOCs was to create a new alternative for higher education in Peru and thereby attract those who might not otherwise be interested in furthering their education. Their goal is to make access to education more equal.
For the student, starting a MOOC is very simple and non-threatening as the only thing it requires is registering and enrolling in a course. From there, Centrum has made every effort to ensure that the content is engaging, informative, high quality and even entertaining. Beyond content, Centrum also requires that each course is facilitated by an instructor with the goal of ensuring student progress.
At present, Centrum has four MOOCs available: Strategic Administration for Management, Productive Operations and Services Management, Financial Engineering and Global Financial Markets, and Strategic Design for Organizations. An additional two new courses are expected to open in the upcoming days. It is worth highlighting that the only payment made by users is if they would like a certification documenting successful course completion.
With 6,500 active MOOC students, this project is considered an enormous triumph. The success of it is attributed to the strong, collaborative partnership between Centrum and Moodlerooms (formerly Nivel Siete). While Centrum provided the content expertise, Moodlerooms (formerly Nivel Siete) provided its advisory and consultancy services to design a sound, ambitious project, based on the requirements of the Business School. Due in large part to this partnership, Centrum has been ranked first in Latin America in the Online MBA ranking, according to the 2014 Financial Times.