2U has entered the undergraduate education market as it decided to team up with the London School of Economics and Political Science and it is offering a Bachelor of Science in Data Science and Business Analytics. This degree will be a virtual degree and students will learn from a learning management system instead of a traditional classroom.
This 36-month program being conducted with the London School of Economics provides students with digital economy skills which are in huge demand, according to the current market conditions.
Apart from that, It was stated in the company’s financial statement of second-quarter 2019 earnings that 2U has tempered enrollment and revenue expectations in response to the increase in the number of online students seeking admission.
According to 2U co-founder and CEO, Chip Paucek said that the company will moderate its graduate program to further optimize its currently offered programs.
Paucek indicated that the company will sign new programs, and will retain a competitive advantage over other competitors in this industry with having a main focus on statistics, mathematics, and computing skills. The new 36-month program with the London School of Economics will equip students will necessary skills needed in data-driven businesses, including healthcare, finance, and public policy.
He later added that they are excited to create the bond of partnership between the University of London and LSE, two highly prestigious institutions on the first online undergraduate degree.
According to him, data science and business analytics are the essential components of modern businesses and the digital economy. The degree is providing students with essential tools and techniques, needed to face new workforce reality.
Director operations and deputy chief executive, Craig O’Callaghan at the University of London said that UOL and LSE are committed to delivering relevant degree programs for students and employers, and he is pleased to be working with 2U to further extend their reach.
He later added that BSc in Data Science and Business Analytics is highly relevant for today’s employers across all sectors, who need their staff to deal with data daily. This program helps them to meet these demands and ensure these techniques are work-ready and match accordingly with the demands of their employer.
According to 2U, this degree program developed by LSE faculty will be available to students from across the globe on mobile devices. In this way, no matter where the student resides, he or she will be able to access and enroll in these courses.
Program Director, IriniMoustaki, at LSE, said that this degree program is created to make sure that it responds to the modern challenges being faced by current industry professionals which arise from the complexity and huge data, collected from multiple sources.
Even employers have high expectations from the graduates, they expect them to be competitive enough in skills relating to statistics and computing, and can handle and develop complex mathematical models and algorithms, to tackle real-world commercial problems in various fields.