MIT has started to talk to other universities regarding its new online credential called “MicroMaster’s“, according to MIT News.
The first universities that will choose to adopt this concept might be members of the edX consortium that are already producing courses on edX.org.
MIT anticipates that several other universities will use the MicroMaster’s as a new unit of currency in higher education in the future.
MicroMaster’s credentials will be convertible to course credit of existing master’s programs. Anyone who successfully masters the online material and receives a high grade –higher than the existing XSeries certificate– on a demanding, proctored exam will earn the credential.
In addition, MIT expects that this new credential will be valued by companies, and will foster career advancement for its holders.
Supply Chain Management (SCM), taught on edX.org, will be the first MicroMaster’s course to be offered –in February, 2016.