People who obtain a Master of Business Administration degree, or MBA, have the educational requirements that many employers value. Today, students can earn this type of degree online. The advanced education accelerates careers throughout multiple industries, and it can result in higher paying salaries.
As an employed individual, you may question your ability to earn an MBA while working because even with the convenience of taking online MBA courses, you'll be adding an extensive learning load to your regular work and familial responsibilities. Despite these challenges, you can achieve the worthwhile goal of obtaining an advanced degree by being focused and organized.
How Long Does it Take to Earn an MBA While Employed?
The amount of time it takes you to complete an online MBA program will depend on your area of study and the school you'll be attending. A few schools fast track the process, which allows students to earn an MBA in as little as nine months. Some programs require a four-year commitment while specialized degrees take even longer to complete. The overall structure and workload of online MBAs are comparable to traditional MBA programs, but you will have greater time flexibility. This feature lets you organize your schedule for work. It also allows you to reserve time for family members and friends.
Time Management Tips for Working Students
The biggest challenge to earning your MBA while continuing to work is finding time to study. One recommendation is to take advantage of your body's natural clock. For instance, if you are an early riser and you have a work schedule that begins in the morning, then consider getting up a few hours before your shift starts to study.
If your body and mind tend to perk up at night, use these hours for study instead. Once you've tucked your children into bed for the night, you can work towards your MBA for two or three hours before your own bedtime. With this technique, you'll have access to 15 hours of study time each week.
Another option is to use your lunch hour. By allocating this time to your educational pursuits, you can count at least five hours a week towards earning your MBA without sacrificing your mornings or nights. If your weeks are especially full, use weekend time to complete your studies. Some people travel frequently for work, so if this is your employment situation, then use this time effectively. Load your textbooks onto a tablet device to complete your reading time more easily in airports and hotels.
Once you've decided to become an MBA graduate, share this information with your employer. It's likely that your boss will see the value that your advanced education will add to the business. Furthermore, your boss and coworkers may help you by giving you extra time to focus on your schooling. Be sure to develop an effective study technique, and if you can, set aside a space where you can concentrate. Track your responsibilities to make sure that you're completing work, school and family tasks timely.
Benefits of Earning your MBA
A recent Forbes article highlighted the salary increases that come with an MBA. The article reported that full-time workers who went back to school for an MBA saw a 50 percent increase in pay while part-time workers reported an increase of 41 percent.
People who have an MBA are promoted more often, and in many cases, MBA holders have additional employment opportunities as well as better job security.
Before entering an MBA program, be sure to assess the time, effort and financial obligations it requires. Earning your MBA while working is challenging, but you can accomplish it and maintain a satisfying personal life by establishing a consistent routine that includes time for study, work, family and friends.