The sheepskin effect–Zimbabwe edition

Zimbabwe’s new central bank governor, John Panonetsa Mangudya, has a Ph.D. in Business Administration from Washington International, where all classes are online, all degrees take one year, and the student can choose his or her degree depending on the size of their bank account.

According to the menu of possibilities, a Ph.D. in Business Administration costs $6,900.  That seems like a bargain since the master’s degree in the same discipline is only $600 less–and they both only last a year anyway!

The “university” advertises:

No classrooms!
No deadlines!
Low “fixed tuition”

I put the quotation marks around university on purpose.  I’m wondering why fixed tuition also has quotation marks around it.

I know Zimbabwe doesn’t have it’s own currency anyway, so perhaps it doesn’t matter much if the CB governor knows anything about monetary policy.  As one University of Zimbabwe professor wrote“Mangudya is a substantial figure and well-trained with lots of experience, but the governor’s job is seriously constrained by the dollar economy. Money supply is obviously out of the bank’s control, as are interest rates.”  

Mangudya does seem to have a fair amount of experience but I’m not so sure about the “well trained” part of that sentence.  Does the sheepskin effect still work when the university is Washington International?


One thought on “The sheepskin effect–Zimbabwe edition

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