In a bid to enlarge its global footprint, Coursera, the online learning platform and one of the pioneers of Massive Open Online Courses (MOOCS), today announced it was launching five new degree programs at three of the world’s leading universities. The launch also includes several new online certificate programs.
The new degrees include the first programs on Coursera from universities in Brazil and India. With these additions, Coursera now offers 30 degrees from university partners across nine countries, as it ramps up to generate and meet student demand for online degrees.
The five new degree programs were described in a blog posted today by Betty Vandenbosch, Chief Content Officer at Coursera:
- Bachelor of Science in Marketing from the University of London. The first cohort will begin in October 2021, with applications opening at the end of June.
- Master of Business Administration from Fundação Instituto de Administração in Sao Paulo, Brazil. Applications are now open for a cohort that will begin in September 2021. "We are proud to launch FIA's MBA, one of the best in Brazil and the world, on Coursera. Through our partnership, we will combine the content from our renowned professors with Coursera's experience in online learning to reach more students across the globe,” said professor Renata Giovinazzo Spers, General Director of Profuturo-FIA.
- Master of Business Administration in Business Analytics, Master of Arts in International Relations, Security, and Strategy, and Master of Arts in Public Policy from O.P. Jindal Global University (JGU), a leading private university located in Sonipat, Haryana, India.
In addition, Vandenbosch announced that Coursera was introducing six new MasterTrack™ Certificates. These programs split complete degree programs into modules that learners complete in 3-12 months and for which they can earn a certificate. The completed courses are then counted as credit if the students are accepted into the degree program.
The new certificates include:
- Health Informatics from Yale University, which can be a pathway to the Yale School of Public Health MPH or to Yale’s Online Executive MPH.
- Data Analytics for Managers from Tufts University, which will count for four credits for students admitted to Tufts Online Master of Science in Engineering Management.
- Agile Software Development Methodologies from Universidad de los Andes (Bogotá, Colombia), which can be a ramp to the Universidad de los Andes’ fully online Master of Software Engineering.
- Business Administration from Universidad de Palermo (Buenos Aires, Argentina), a Spanish-language program that will count as credit for the University’s online MBA.
- Global Leadership and Human Resource Management from Macquarie University (Sydney, Australia), which can count as credit for students accepted into the fully online Global Master of Business Administration degree, a leading online MBA.
- Finance, Analysis, and Modeling also from Macquarie University, which can count for up to 20 credits for its fully online Global Master of Business Administration degree.
Finally, Coursera unveiled four new certificate programs from two leading Indian universities.
- Management Science and Supply Chain Analytics from the Indian Institute of Management Calcutta (IIM Calcutta)
- Advanced Machine Learning and AI and Data Science and Machine Learning from the Indian Institute of Technology Roorkee (IIT Roorkee), a highly ranked university in Roorkie, India.
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Coursera was founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng. Based in Mountain View, California, the company offers an array of online content, including courses, certificates, projects and degrees from top universities.
The company went public on March 31, 2021 with an IPO of 15.73 million shares priced at $33 apiece. It is listed (COUR) on the New York Stock Exchange, and closed at just under $46 a share on April 16. Forbes pegs its worth at nearly $7 billion.
Although Coursera continues to expand, it has yet to make a profit. Revenue jumped in 2020 by 59% to $293 million, but the company nevertheless recorded a net loss of $66.8 million that same year, according to its SEC filings, up from $46.7 million in 2019.
The initial vision of Coursera’s founders was to provide learners from around the world free access to college courses taught by faculty from premier universities. But since then, as the problems with that approach became apparent, it’s increased its inventory of paid offerings.
The company has three lines of business: 1) individual learners who sign up for free courses or pay for classes on a per-course or monthly basis: 2) an enterprise line where businesses, governments and other organizations pay for their employees to take Coursera courses to bolster relevant skills; and 3) undergraduate and graduate degree programs offered in partnership with what now involves dozens of institutions.
While the degree line is still the smallest in terms of revenue, that may change as the company targets the millions of learners who might opt for online courses from top-flight universities. In 2020, the number of degree students on Coursera grew by 94% compared to 2019, according to the company, and it has expanded its workforce by 300 staffers.
Coursera boasts that it now has 77 million learners from 190 countries. Converting even a modest percentage of them to paying customers for online degrees would increase its revenue dramatically. The latest course and program additions take aim at expanding this segment of Coursera’s business, specifically it overseas market.
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April 19, 2021 at 10:10PM
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Coursera Boosts Its International Presence With Several New Degree And Certificate Programs - Forbes
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