Earning a Masters of Business Administration (MBA) is a quick way to advance your career in the business field. Holding an MBA is now today’s standard for being prepared for the increased workload and responsibility that comes with being a member of upper management, which is why most executive and upper management positions at almost every business require you to hold an MBA to be eligible to even apply for these positions. Thus holding an MBA is usually a great benefit for those seeking to rise through the ranks of their company. However, many of today’s professionals find it difficult to juggle their job, school and personal lives. Attending school at a physical campus often has many aspects that greatly hinder prospective students that already have other full-time obligations from being able to attend. With this list, we aim to show these prospective students that obtaining an MBA online can be a very favorable and viable option for them without hindering their ability to handle their other obligations.
You Can Get Your Degree Sooner
There is a possibility that you may obtain an online MBA degree sooner than you would a traditional MBA degree. An online MBA can take as few as 9 months to complete–depending on the student’s availability and commitment–whereas a traditional MBA takes at least two years to complete. This means you can get the same knowledge and know-how as a traditional student in about half the time, which easily gives you an edge over traditional college students. This allows you to have a full year of possible career advancement and higher earnings over these traditional students. Getting a degree in a shorter amount of time also means you can enroll in a dual-degree program online if you so choose, this will take about the same amount of time as it takes a traditional student to earn just one degree; this could be something can can broaden your career options even further.
It Offers Greater Flexibility
Taking online courses offers greater flexibility than taking classes on a traditional, face-to-face campus. You’re able to take your classes at your own pace, when you want and where you want. Flexibility is a very important thing to be afforded, as it allows you to structure your days as you choose as opposed to having to structure your days solely around your education. There’s a lot of flexible aspects to obtaining your degree online. Not having to commute to class saves a lot of time, for example. Time that can be better spent doing things that are important to you. Another example of how online course are more flexible than traditional courses is online courses can be taken by those in society that are night-owls. Night-owls represent a decent percentage of the American population, and traditional courses just do not cater to this group of people at all, meaning they struggle more in their education than others might.
Lower Cost than Traditional Schooling
Attending an MBA course online is generally cheaper than obtaining a traditional MBA. This is due to many different reasons. A better student-faculty ratio means the school has to pay fewer employees per student, while maintaining larger virtual class sizes. Tuition for an online education is also cheaper because the school doesn’t have to maintain or provide amenities such as libraries, dorms or cafeterias for these students. Obtaining your MBA online can save you money in other ways aside from just the pure cost of the degree. Because you won’t have to commute to class, you will save on gas money and wear-and-tear on your vehicle, if that’s the mode of transportation you would use. It also saves you on a separate room and board cost, as you won’t have to pay for the school’s room and board cost on top of what you currently owe at your current residence, if you’re not planning on selling and moving full-time on campus.
There’s Access to More Resources
Online learning programs offer a lot more educational resources than a traditional classroom does. There’s access to online classroom tools that allow you greater interactivity with not only your professor but also the other students in your class. This can help immensely with learning and studying your coursework. There is even the possibility that you can get more one-on-one assistance from your professor on subjects that are giving you an issue due to the fact that asking questions and having a conversation with them will not interfere with their ability to lecture because you won’t be interrupting them, they will be able to get back to your messages at when they are able. There’s also access to third-party online tools that you can incorporate into your studying and learning and utilize to have an easier time with your coursework. These tools can bring you closer to not only your classmates, but also other students in other cities that are trying to obtain the same degree as you, which broadens your study group.
There are Many Accredited MBA Programs to Choose From
Several online MBA programs are in the list of programs approved by the three major accrediting bodies — AACSB, AMBA, and EQUIS. These accrediting bodies determine whether or not a school is teaching a particular subject to their students adequately. Because there are a lot of accredited MBA programs that you can choose from, that means there are a lot of online programs out there that will teach you everything you need to know about your subject to earn your degree and be able to utilize what you’ve learned in the classroom in your personal and professional life. And because there are already so many accredited online MBA programs, this means it is more likely for even more top business schools to start offering online MBA programs to stay relevant and to draw new students to their schools. This allows you to choose a school that more suits your wants and needs instead of forcing you to pick a program that you might not be happy with.
It is a Convenient Option for Most Students
Convenience is always a very important aspect in one’s life. An online MBA course is a lot more convenient that a traditional MBA course for a number of reasons. Being able to take your courses in your own home in pajamas, for example, is a great way to be relaxed and comfortable while you do your coursework. Being able to take your classroom with you wherever you go is another great example of how an online MBA course is more convenient for students. You can do your coursework in a coffee shop or a library or at the park. Wherever you’re able to access wi-fi. Another great example of how convenient it is ties in with the flexibility section: being able to take your courses during the time of day that suits your schedule the best. The convenience that an online MBA program offers allows for a greater range of flexibility and the range of flexibility it offers allows for even more convenience.
You Don’t Have to Relocate
If your ideal college was in a different state than the one you currently live in, you would have to relocate to that state to attend it in a traditional setting, and you would either have to wait the set amount of time before you could be considered a resident of that state or have to pay a markup on the tuition cost for being an out-of-state student. This simply isn’t the case when you’re taking an online course. You can take courses offered by a college regardless of what state they are in, and you won’t even have to pay the markup for being an out-of-state student as most of these online courses cost a flat rate. This allots you a tremendous amount of freedom when it comes to picking the course that’s right for you and your situation, as opposed to being limited to schools that are in your area.
You’re Able to Relocate if You Wish
On the other hand, if you would prefer to relocate, online courses allow you to do that as well. You might want to relocate for a variety of reasons, such as a job opportunity or because you just want a change of scenery. Regardless of the reason, because your courses are online, you have the freedom to move to wherever you would like. You can take your education with you wherever you choose to go without going through the sometimes arduous task of transferring schools and having to worry if your credits will even transfer with you. You won’t have to get use to a new professor’s teaching methods or worry about having to catch up on coursework you might have missed during the move. Being able to move if you want or need to, and not having to move for classes if you don’t wish is a very freeing aspect of online courses, and one that many people might overlook.
You Can Better Your Life While Living It
Because an online MBA program is so much more flexible, convenient, shorter and more freeing than a traditional MBA program you’re able to actually live your life while actively improving it. You won’t have to put off your career, family, hobbies or whatever else is important to you while obtaining your degree, unlike what a lot of other students enrolled in traditional programs have to do. Being able to improve your quality of life while you actually live your life is such a great boon that one should not overlook or underestimate. This is really one of the most important reasons on this list as it allows you to gain so much in return for such a small amount of cost and it is one of the best edges it possesses over traditional programs. With a traditional program, most students have to juggle their education with their personal and professional lives and this means they end up missing out in one or more areas of their lives, which is not something that online students have to contend with.
An MBA Can Help Advance Your Career
Finally the most obvious reason to earn your MBA online. An MBA can be a very important and influential aspect of your professional life. With an MBA in your possession your professional life will present you with so many more opportunities for advancement that you wouldn’t otherwise be afforded. Most corporations these days view the Masters of Business Administration degree to be the required achievement to be eligible for executive and upper management positions, as it proves an employee is capable of setting a goal and following through the goal to completion as well as proving the employee has all of the necessary knowledge and know-how at their disposal. Having an MBA also allows you to have greater flexibility in the career path you take, as the coursework for obtaining an MBA is designed to teach students a wide range of skills such as accounting, marketing, finance, conflict resolution and the selling process.