MBA on eBay

This is funny - a MBA degree for sale on eBay.
Come to think about - it is no doubt innovative. And if the money is spent on what they say they will - it is for a good cause. Nyenrode is indeed flashing the entrepreneurial badge :)

Pros :
1) You can get admitted to a decent MBA school if you have the muscle (read : money) power.
2) The school gets a lot of attention ( from BWeek - read here and bloggers like me and dialytravails)
The attention draws the crowd - and is a step in the right direction. Smart Marketing.
3) The money earned - if spent well - does good to a social cause.
4) Might make the other b schools think how much they can auction a degree for. Come to think of it - how much with a HBS degree ( even after the whole ApplyYourself fiasco ) go for...any guesses - I am sure nothing less than $200 grand . The big schools will never take this path - but there's no wrong in imagining a scenario where 50 H or W or S seats are up for grabs .....
I am sure the competition will be more fierce in this category than in the normal-route-admissions segment

Cons :
1) It seemed funny to me ( initial reaction though)
2) The student is actually not competing against other applicants. A Bill Gates son can easily enter this program ( considering the situation when his daddy throws him out because the son is involved in drug abuse, and molesting minor girls - something that brings disrepute to Microsoft - a company that is dearer to Bill than anything else...... but Bill daddy forgot to take back the credit card he gave to his son ;o) )
3) Education is a big money earner ( check out the huge grants that HBS, Wharton,and other bschools make -- complete article here )......but this way of making money makes me call the school completely money-minded...the school could have granted the fees a candidate deposits ( which is $50000 - much more than the current bid - although the bid can go higher -but am not sure how high it will go - as Nyenrode - although reputed - is no HBS,W,S,LBS,IMD etc etc)