An MBA can offer many advantages including enhancing one’s career, salary growth, networking opportunities, skill enhancement, and promotion opportunities. Unfortunately, one of the biggest challenges that most students face is balancing an MBA program with everyday life, especially for students with kids or students who are currently working professionals.
Luckily, there are many MBA programs that have the option to take the program online. If you’re a working professional or if you have other obligations, you may want to consider taking your MBA online. Here are the top benefits to earning your MBA online.
Flexibility: Most people who chose to do their MBA online most likely choose to do so because they’re balancing work and family responsibilities. Fortunately, online MBA programs offer a combination of scheduled class time (synchronous) and non-scheduled class time (asynchronous), which is perfect for students looking for flexibility in terms of class schedule.
There are schools such as Northeastern University’s D’Amore-McKim School of Business, in Boston that offers the option for online MBA students to either take all their classes online or complete a one-week campus residency or an international field study.
Access to cutting-edge technology: It’s important to know that an online MBA offers the same level of world-class education as an in-class MBA. However, online learning has two key advantages: You’ll get to build up your knowledge of business technology while also keeping a schedule that works for you.
Also, eLearning Portals have made online learning a more interactive online classroom, plus students have access to many learning tools at their fingertips.
A diverse community of students: When studying online, you’ll be interacting with students from all different educational backgrounds. This will allow you to learn from a wide variety of viewpoints and exchange ideas with a community of students from around the world. Networking is one of the most important components of completing an MBA program.
Choice: Because there are no geographical limitations, students are not limited to their state of residency, so they have the option to choose an international school that offers an online program.
Access to same on-campus services: Online students have the same access to services as on-campus students. From career services to the writing center to technical support and more, online students have equal access to all of these services.
Affordability: If tuition is one thing holding you back from getting your MBA, you should know that the benefits of earning your MBA are worth every dollar. In addition, it is possible to find an accredited online MBA program for as little as $5,000 to $10,000 a year, though there are programs that can run you up to $50,000 a year, according to the Princeton Review.
Many programs have the option to take classes part-time, so it is possible to continue to work while obtaining your MBA, which will help to lower the financial burden at the end of the program.
How Long Does it Take to get an MBA Online?
According to OnlineMBA, the average amount spent to obtain an online MBA involves two years of study (most MBA programs require approximately 30 to 55 credits to graduate).
However, with the flexibility of earning your MBA online some school allow for part-time study, which means it can take up to six years to become accredited (it’s all about finding the right pace for you).
There are many benefits to an online MBA program as not only does it offer students the ability to earn their MBA while continuing to meet their responsibilities, but nowadays online MBA programs are highly respected.
Actually, according to a 2016 survey by the Graduate Management Admission Council, of those online MBA programs surveyed they have reported a 57 percent increase in applications, a 50 percent growth from the previous year.
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