[FD3SA]

The quality of the graduates will bring the employers. Employers only want a mechanism of sifting the wheat from the chaff. If MITx tests students at the rigor of regular MIT courses, there is no reason why employers won't be tripping over themselves to hire MITx grads.

Furthermore, this will annihilate the monopoly that sub-par institutions currently have on conferring degrees and other certifications. Students who have MIT level ability will no longer have to settle for second best. They can prove themselves at the top institutions without having to worry about the 10% acceptance rate.

If executed properly, this will revolutionize post-secondary education and save students and taxpayers billions of dollars. It has long since been proven that the majority of post-secondary institutions are nothing but glorified testing centers. Why not cut out all the excess, and let MIT do the teaching while a test center does the testing?

Also, this will dismantle the broken R&D incentive structure that is publicly funded academic research via tenured professors. The research scientist will be a dedicated profession unto itself, as will the post-secondary professor. Public funding of scientific research will no longer involve the ridiculous process of journal publication, and will instead focus on delivering results to the taxpayer based upon a research contract (much like privately funded research).

Structural inefficiency in academic research has caused an immeasurable slowdown in scientific progress over the past few decades. With one fell swoop, initiatives such as MITx have the ability to rectify this gross misallocation of resources.

[snikolov]

Employers like MIT grads because MIT makes you learn 1) how to learn 2) to get shit done. Soul-crushing courseloads may not be optimal for learning, but most employers care more that you're smart, get things done, and can learn fast on your own.

By allowing people to take things at their own pace, MITx will perhaps be more optimal for learning the material, but will not provide the same intense environment in which "hardk0re" MIT students are forged (for better or worse).

You could perhaps try to imitate this by taking a soul-crushing courseload from MITx and having a support network of others doing the same. It also makes a big difference whether your support network aspires to get certified so they can get a comfortable job, or aspires to (or actually does) build brain sensors or self-driving cars or musical Tesla-coil hats that play the Mortal Kombat theme (http://www.youtube.com/watch?v=aEgaI6WouQ0).

[keithvan]

It's not merely about competence/rigor that leads an employer to hire a specific graduate from a specific school. If that were the case, then Harvard Extension School students would be just as highly sought after as Harvard College students, given that they complete many of the same courses taught the same instructors.

The reality is that employers can choose to be picky within the boundaries of the marketplace. While I do believe MITx is revolutionary in that it is pursuing a global, open-access education available to anyone with a high-quality brand behind it to boot, I do not think it will change much in terms of employers and hiring.

Employers will continue to hire MIT/Stanford/Harvard graduates because they simply want "the best and brightest." I do not see MITx certificates replacing this recruitment pipeline. MITx credentials are probably more appropriately regarded as something of a wildcard -- an extra edge for a job applicant over more people without evidence of continuing education or certifications.

Since MITx is not in the business of conferring full-blown degrees (yet?), the "sub-par" institutions can rest assured that their students are not going anywhere. And even if MITx did offer full degrees, as does Harvard Extension School, there is the whole other issue of how the marketplace values prestige and brand.