#1 - Accomplishment-based admissions
At Pace, we respect your life experience, so we do not require the GMAT test for admission to the MFP. We feel that your accomplishments in business, and many times in other advanced degree programs, are sufficient to help us determine your likelihood of success. We do not find it appropriate or necessary to require professionals to take a test designed for college students. Instead, senior faculty members will meet with you to help determine if your capabilities, skills, and interests match well with what we offer in the Pace MFP program.
#2 - High flexibility
We know you can't be in the same place every week. That's why you are interested in the MFP program rather than a traditional program. Your job frequently demands late hours and, perhaps, extensive travel. The Pace MFP program is set up so that you can fully participate in the program when your job or lifestyle does not allow a weekly or even biweekly commitment to one location. While our program is intense and highly involving, your presence on campus is required for only one weekend residency every eight weeks for a total of just six residencies during the program. This makes it a perfect fit for busy executives who can't commit to leaving the office early enough every week to get to a night class, or every weekend for a Saturday class. It is also a great fit for professionals who travel extensively or who may change jobs or locations.
#3 - Interdisciplinary problem-solving
At Pace, we believe in learning by doing. Every course involves solving a specific business problem and making recommendations to a client. Individual learning exercises and discussion board topics are also assigned in each module, but the main focus of the module is on a team project to solve a business problem.
#4 - Focus
The Pace MFP is designed so that you can focus all your attention on just one module at a time. You are not distracted by trying to learn a wide variety of material all at the same time or working on several projects at once with multiple teams. Your can concentrate on just one team project and related learning exercises for each eight week module.
#5 - Collaboration
Pace's MFP program is based on team projects that encourage intense collaboration among students and between students and faculty. This not only helps students develop teambuilding skills and the skills to successfully collaborate with colleagues, but it also helps build close networks with others in the program that last for many years after graduation. Each module has a team project and you work with a different team for each module. This allows you to experience working with people with different backgrounds and personalities and to work extensively with virtually everyone else in your class at some point in the program.
#6 - Innovative application of technology
Team meetings, learning exercises, debates, computer simulations, class discussions, project brainstorming, researching, sharing information, asking questions, and submitting assignments can all be done in the comfort of your home. Pace's Blackboard course management technology allows students to access all course information, share data and files, have conversations, and submit assignments all on the same website. Pace MFP modules use this technology to run simulations asynchronously, to foster debates on a wide range of topics, and to answer student questions, in addition to providing a tool for students to communicate. Pace also provides a conference call service that students can use to conduct voice meetings.
#7 - Wall Street location and business partnerships
Pace's location in downtown Manhattan makes the residencies especially convenient for those working in New York's financial district. Pace's location in the financial center of the world also allows for regular student interaction with Wall Street firms and area companies. New York business executives regularly participate in class sessions and serve as consultants to the class cohort. Many of the team projects in Pace's MFP program are developed with actual New York business clients.
#8 - Extended family
The Pace MFP program takes the cohort concept one step further. Students and faculty in the program become like an extended family. While the Pace MFP program includes just six on-campus residencies, students and faculty are involved round-the-clock when they are in residency. All students and faculty eat all meals together for the two days on site. Students also stay at the same hotel in New York City, home to our downtown campus. While students are off-site, most have nearly daily contact with their teammates and faculty using Blackboard electronic discussion boards. All teams also have weekly contact via telephone conference calls at a time that the group determines is most convenient. This helps to establish close friendships and a very strong personal and professional support network for students in the program.