Prince Mohammad Bin Salman College Analysis

📄 Words:	1115
📝 Subject:	Company Analysis
📑 Pages:	4
✍️ Type:	Essay

Company Profile

Prince Mohammed Bin Salman College (MBSC) is a newly established institution of higher learning that offers business and entrepreneurship courses for both genders. The institution was founded under a partnership of four institutions; Babson global, Lockheed Martin, Emaar the economic city, and MISK foundation. MBSC uses a practical and pragmatic approach to learning as adopted from Babson College. The institution’s curriculum requires student to apply their knowledge to solve real world problems or establish new business or social ventures. The learning process is extended to the external environment through various co-curriculum activities and experiences aimed at creating the students’ leadership skills in entrepreneurship.

The institution’s vision is to be the leading school offering business and entrepreneurship programs and an elite and pre-eminent higher learning institution. Its mission is to nurture entrepreneurial and leadership thinking by creating, applying, and disseminating entrepreneurship and business knowledge which will serve the society, organizations, as well as individuals. MBSC is the leading institution in Saudi Arabia offering business and entrepreneurship courses.

History

Prince Mohammed bin Salman College (MBSC) was established on 17th June 2016 through an inauguration ceremony where Prince Mohammed Bin Salman, the deputy Crown at the time was in attendance. In a meeting attended by Fahd Al-Rasheed, who is the Managing director of KAEC and the vice chair in the board of college trustees, Badr Al-Asaker, Mohammed Bin Salman foundation secretary general, and Babson College president, Kerry Healey, an agreement to establish the institution was signed. The college was founded under a partnership of four institutions; Babson global, Lockheed Martin, Emaar the economic city, and MISK foundation. The first MBA class graduated from the college in May 2019.

Prices of Major Courses from the Institution

Prince Mohammed Bin Salman College offers three major programs which are, Executive MBA, Master in finance, and Master in management. The prices for the three programs is listed in table 1 below.

Table 1. Prices of courses offered at Prince Mohammed Bin Salman College.

Course Title	Fees
Executive MBA	SAR 268,125
Master in management	SAR 120,000
Master in finance	SAR 150,000

Comparison of Prices of Similar Courses in the Developed Countries

Prince Sultan University

Prince Sultan University is among the institutions in Saudi Arabia that compete with Prince Mohammed Bin Salman College. The school offers only one masters course which is master’s in business administration. The table 2 below shows the school fees structure for the program in comparison to Prince Mohammed Bin Salman College.

Institution	Course Title	Fees
Prince Sultan University	MBA	SAR 90,500
Prince Mohammed Bin Salman College	EMBA	SAR 268,125

University of Salford Manchester

This a public university found in Manchester, England, a developed country. The university offers business and entrepreneurship courses similar to the ones offered in Prince Mohammed Bin Salman College. The fees comparison between the two institutions is sown in table 3 below.

Prince Mohammed Bin Salman College		University of Salford Manchester
Course	Fees	Course	Fees
Executive MBA	SAR 268,125	Global MBA	EUR 18,000
Master in management	SAR 120,000	Msc Management	EUR 8,880
Master in finance	SAR 150,000	Msc Finance and Accounting	EUR 11,340

Prince Mohammed Bin Salman College Market share

Being an institution of higher learning, Prince Mohammed Bin Salman College is ranked in terms of its academic reputation, faculty student ratio, international student ratio, international faculty ratio, citations per faculty, and employer reputation. The institution is ranked #701-705 in 2022 Global world rankings and # 44 in the Arabic region rankings. In more details, the institution rankings are as follows: 8.5 for academic reputation, 17.8 in faculty student ratio, 100 in international faculty ratio, 21.3 in international student’s ratio, 9.6 in Citations per faculty, and 13.1 in employer reputation.

Prince Mohammed Bin Salman College is a new institution but is fast growing in terms of innovation and technology. The school offers a student centered approach to learning where it focuses on meeting the needs, abilities, and interest of students and aligning them with the real world issues. The institution has a 14 student faculty ratio, 373 international students, 225 total faculty, and is ranked among the small institutions in the region.

Comparative Analysis of Prince Mohammed Bin Salman College

Prince Mohammed Bin Salman College is among the higher institutions which have made a remarkable difference in the Arabic region. Despite being newly established and ranked among the small institutions, the college has created a competitive ground among other schools. The table 4 below contains a comparative analysis of the institution among its competitors.

Table 4; Comparative Analysis of Prince Mohammed Bin Salman College

Institution	Date Established	Strengths	Weaknesses
Prince Mohammed Bin Salman College	17th June 2016	It is established under international standards set by Babson global. The institution has a large financial back-up from its founders It uses the latest technology and uses innovative approach of learning The institution uses a unique style of teaching where they follow a block mode style that suits working professionals.	It is ranked among the small institutions in Saudi Arabia It has few faculties and branches Has a small number of students as compared to its competitors. It offers programs at a higher fee than its competitors.
Al-Yamamah university	2001	It occupies a large piece of land, 160,000 square meters Designed according to modern education institutions standards. Recognized as the first private institution in Riyadh.	Offers few facilities in limited fields Does not offer post-graduate programs but concentrates more in diploma and bachelor programs.
Prince Sultan University	1999	Well-established in terms of students population and courses offered Recognized as the first private institution in Saudi Arabia Well-equipped in equipment that enables it offer a variety of courses.	It does not offer a variety of business and entrepreneurship courses as it only provides MBA.
Dar al Uloom University	2008	Designed to comfortably accommodate international students Offers a variety of courses from six fields; medicine, IT, business, engineering, architecture, and law Designed to carter for the of needs people with special needs	It offers few master’s courses. Concentrates more in technical courses such as engineering, IT, and architecture.
Alfaisal University	2002	It offers a wide range of courses with 31% of them being international courses The university has a large population of students with over 2500 admissions. It hosts numerous international students, about 33% of its population.	One of its founders Saudi Oger was declared bankrupt in 2017 It was criticized for claiming to be the leading institution in Saudi Arabia, in the Arabic region and 10^thbest institution among small universities in 2020.
King Saud University	1957	Recognized as the first public university in Saudi Arabia Many courses offered in the institution are tuition free. Offers a wide range of courses from humanities, professional studies, and natural sciences. Highly regarded for its excellent medical programs.	Has a high population of students, hence, difficult to attend to individual needs.