Even amidst the uncertainties related to the fast-paced global business market, many business leaders continue to champion the benefits of an MBA. Successful entrepreneur and owner of Landry’s and Golden Nugget Casinos, Tillman Fertitta recently spoke into the importance of business leaders pursuing a Master’s of Business Administration: “Let me just say this, God gave me a gift of understanding business, but if God didn’t give you that gift and you want to be an entrepreneur and you want to be a business person, go get your MBA, [I] don’t even care if you major in business and finance, you just don’t get a grasp of the problems and the experience unless you get your master’s, and that’s just from dealing with people over the years that were young, that had an MBA or didn’t have an MBA that I could personally communicate with.” Studies continue to show that a part-time MBA will directly result in increased salaries and potential career growth. As Forbes reports, “part-time MBA graduates achieved a median post-MBA pay raise at graduation of 41% over their pre-MBA pay, and by the fifth year post-MBA their pay had gone up another 56%.”
One of the greatest benefits to pursuing an MBA through an online format is the student’s ability to continue working without disrupting an already established career within an organization. A common misnomer about this scenario is that, while some believe a full-time MBA student who attends class as a full-time student can expect to finish her degree in two years, a part-time distance learner should expect to take four years or longer in order to graduate. This may have been a reality years ago, but today, with so many reputable business schools across the country offering accelerated degree plans, students seeking to graduate at a faster pace have more options than ever. Some business schools have trimmed down their semester formats taking what once was a 16-week term and shaving it down to an eight-week course. Some schools allow students to double up on their course load and complete all requirements for degrees in less than 12 months. Students with the ability to visit the school campus can also benefit from seeking a hybrid program of online courses and on campus classes speeding up their time of completion.
One business school which offers an accelerated format for online learners is the School of Business at Upper Iowa University. The business school’s 36-credit hour online MBA with a specialization in Accounting is priced at $1,605 per credit hour making the total cost of tuition an accessible $19,260. This program is divided between 21 credits of core coursework and 15 credits of Accounting-specific courses including Taxation for Corporation, Forensic Accounting, Advanced Managerial Accounting, and Advanced Accounting Information Systems. The School of Business has structured this program to include six terms lasting eight weeks each allowing students a flexibility that works congruently with their existing professional and personal schedule.
Champlain College’s Division of Continuing Professional Studies features an online Master’s of Business Administration with a Graduate Certificate in Accounting. Students taking one course each eight-week term can expect to complete all requirements for the degree in just two years. Those desiring to complete this degree in just 12 months may do so by taking two courses each term. Accounting Graduate Certificate-intensive courses within this program include Business Analysis Using Financial Statements, Risk & Performance Measurement, International Dimensions of Accounting, and Advanced AIS. Priced at$795 per credit hour, this 36 hour program features a total tuition rate of $28,260.
The benefits of on-campus and online MBA programs have become so well known, there are more and more programs offered to match the demand today. While there are many reasons why students make the big decision to pursue an MBA, it can be equally difficult to find the right fit in a program. Thankfully there are many high quality online MBA programs in Accounting to choose from. Students must weigh their priorities in prestige, cost, length, format, and location to find the best next fit in an MBA.