Sitting in the midst of the winter quarter, classes and programs are rolling along while colleges and universities across the country are preparing for the summer and fall months to come. Right now is a great time for students to research and prepare for prospective degree programs and find the right fit. To help in this quest, Online MBA Today released a new rankings to help students narrow down their search for online MBA programs: Top 25 Online EMBA Programs, Top 20 Online MBA in Environmental Sustainability Programs, and Top 10 Online MBA in Managerial Economics Programs. For more information about other online MBA programs, check out our article on the top MBA specializations and explore our other Online MBA Rankings.
Over the past month, there has been a new program announced, interesting articles have been published about online EMBA programs and online MBA programs, as well as noteworthy program news. Whether you are a prospective online MBA student, a current student, or a professional in the Online MBA world, enjoy the latest news for Online MBAs!
SUNY New Paltz |New Paltz, New York
It has been an exciting time at SUNY New Paltz, not only has the The Association to Advance Collegiate Schools of Business (AACSB) extended its accreditation to the SUNY New Paltz School of Business, but the School of Business has also introduced a new online MBA program. Originally accredited in 2013, this reaccreditation is due to the school's movement toward modernizing their business programs. Reaccreditation is a rigorous process conducted over several years and as the AACSB observes the ways in which an institution is modernizing its programs. SUNY New Paltz is offering their MBA classes in an online format to provide great benefit to the full-time working professional. Students in the program can take online or in-class courses at any time.
SUNY New Paltz is a four-year, public school that was established in 1828. They offer over 140 degrees through six schools and colleges to over 7,700 students each year. The university is regionally accredited by the Middle States Commission on Higher Education.
4 Things to Know About Online Executive MBA Programs | U.S. News & World Report
U.S. News & World Report's piece 4 Thing to Know About Online Executive MBA Programs, offers some practical information as to whether or not such a program is right for you. The four things they list are:
- The curriculum is for experience professionals who want to keep working while they are in school. Dave Bellomy, a graduate of a blended EMBA program said, "With an established career, and I had three kids at the time and am married, the full-time program wasn't an option for me, so I decided to go this route."
- There is usually a combination of online and in-person learning. Though some are entirely online most offer some sort of blended learning experience, which helps develop stronger ties to your fellow classmates and faculty. Christine Chin, who is the director of executive programming at CSU Online, says, "You actually kind of build an informal or formal network of colleagues that you can then call upon later in life. â¦ As you advance in an executive role, it's great to have these executive peers outside of your work where you can bounce ideas off of before you bring them into the workplace."
- Admission requirements vary. Some require test scores, some don't. Some want at least seven years of experience, others 10 or five.
- Students have a range of backgrounds. Says Mkie Waldie, director of the University of Arkansas' Walton College of Business graduate school, "That diversity of experience, both in years and industry and geography, leads to a different component of the classroom learning."
Is Getting an Online MBA Worth It? | Forbes
Forbes asks a common question, Is Getting an Online MBA Worth It? In the article, Forbes discusses the increase in online MBA programs and enrollments, which they attribute to several factors: the flexibility, the accelerated nature, (often, though not always) the lack of standardized test requirements, and that many employers will pay for it. Forbes also notes generally high satisfaction rate recorded from graduates.
On the downside, Forbes notes the lack of camaraderie between students both during the program and afterward. The pipeline from on-campus MBA programs to potential employers is also not present with online MBAs. Though, many online MBA students do already have jobs. And finally, the (usually) more advanced age of online MBA students can put them outside the hiring window. Again, the fact that many are already working and established in their careers makes this less of an issue.
Do your homework when it comes to applying for programs. Says Robert Damon, dean of Carnegie Mellon's Tepper School of Business, of online MBA programs, "They all have slightly different models, and it's important for students to understand the differences and whether they will get direct access to faculty and classmates and a personalized degree experience. For some that may not be important."
The bottom line from Forbes? "If you can't quit your job and want an MBA degree, an online option is a great opportunity to do it on your time."
Hardin-Simmons University | Decreasing Online MBA Cost Per Credit Hour
Hardin-Simmons University in Abilene, Texas, announced that it is reducing the cost per credit hour for online master's programs by one-third. For the online MBA the cost will decrease from $750 per credit hour to $495. This will take effect in the fall of 2018.
This price change makes HSU a better value than other programs at private universities and are competitive with the cost of many public universities. Director of Online Education Dr. Scott Hamm said of the change, "Online courses reduce some of our expenses, so we decided to pass those savings on to students. We want working moms and dads, adults, HSU alums, and new HSU students to be able to access a high-quality, private, faith-based education at a cost they can afford."
HSU is a private, Christian, liberal arts university founded in 1891. It has more than 85 undergraduate and graduate degrees and is accredited by the Southern Association of Colleges and Schools Commission on Colleges and the Association of Collegiate Business Schools and Programs.