During the 2017 World Economic Forum in Davos, Switzerland, WorldQuant University founder Igor Tulchinsky spoke with Randall Lane, editor of Forbes magazine, about the current challenges facing the education system and how new online models such as the one employed by WQU can bridge the opportunity gap around the world to meet the needs of today's workforce. As Tulchinsky explains, the current education system is good, but it is neither efficient nor scalable.
The solution, Tulchinsky tells Lane, involves more than money. In fact, he says, throwing money at the problem may only compound it. Instead, Tulchinsky argues that educators should design programs from the beginning "on a shoestring" and then scale them up, much like a startup would do. The WorldQuant, LLC founder has taken that approach with WorldQuant University, a not-for-profit whose mission is to make high-quality education more accessible globally through its tuition-free, online master’s degree program in financial engineering.