The passing of November brings the end of the semester and the year within reach. Students have finals just around the bend and are looking to finish this semester strong. But some of you are not looking for endings, but a new beginning. Maybe it's time to start something new. For those that are looking for an MBA program to give their career a boost, an online MBA might be the best choice.
For information about the nation's online MBA programs, explore our Online MBA Rankings, check out our article on the top MBA specializations, and spend some time reading about schools in our Online MBA Directory.
The world of Online MBA programs is continuously changing. This month has brought the start of a new program, announcements of changing online MBA programs, and some interesting articles as well. Also, this month, Online MBA Today has published a new ranking to help students narrow down their choices. Take a look at the 2019 Top 50 Most Affordable Online MBA Programs.
Enjoy the latest news for Online MBAs!
Los Angeles Pacific University – San Dimas, California
Los Angeles Pacific University launched a new, online MBA program this 2018 fall semester. The program was created for students who already have a background in business but want advance in their careers. Students must complete 36 credits in total throughout 12 classes.
LAPU is part of the Azusa Pacific University System and is an online, Christian university offering associate's, bachelor's, and master's degrees. It is accredited by the WASC Senior College and University Commission.
West Liberty University – West Liberty, West Virginia
West Liberty University will add a healthcare management concentration to its online MBA program starting in the fall of 2019. According to the interim director for the Center of Entrepreneurship, Dr. Rickard Briggs, this will make West Liberty University the only public university in the state that offers this concentration in its online MBA program.
West Liberty's program is entirely online and requires 30 credits to complete, which can be done in as little as one year. It currently has 89 students in the program, and they have seen enrollment increase 25 percent each semester.
A public university located in West Liberty, West Virginia, West Liberty University is home to over 2,800 graduate and undergraduate students. It offers over 70 undergraduate degrees and several graduate programs across its five colleges. The Gary E. West College of Business, which provides the online MBA program, is accredited by the IACBE. West Liberty is accredited by the Higher Learning Commission.
Marietta College & Marshall University
For students at Marietta College interested in pursuing an online MBA, things just got easier. At the end of November, Marietta signed a deal with Marshall University that would allow Marietta students to use some of their Business Foundation classes to complete requirements for Marshall's online MBA. This deal requires that students earn at least a B in nine of their Business Foundations courses.
Marshall University is a public research institution in the small city of Huntington, West Virginia. It has over 13,246 students across nine undergraduate colleges and three graduate college. Its online MBA program is offered through the Brad D. Smith Schools of Business and is accredited by the AACSB. Marshall holds accreditation from the Higher Learning Commission.
Marietta College is a private, liberal arts college in Marietta, Ohio, which offers 45 majors and has a student body of around 1,2000 students.
An online MBA can be the perfect fit for busy working professionals who are looking to expand their skills and knowledge in their respective fields. And while earning an online degree can often be more cost efficient than attending a traditional, on-campus program, its still a significant investment. U.S. News & World Report offers seven ways to help bring that price tag down for online students.
1. Employer Tuition Reimbursement: It's becoming quite common for businesses to pay for at least some, if not all, of an employee's tuition. It makes sense; the expanded knowledge base of an employee enrolled in an online MBA program can be applied immediately to their job, which pays off for employers. If this is something you're interested in, talk with your human resource department.
2. Scholarships: Often, online students may apply for the same scholarships offered to traditional students, and you might also find scholarships specifically for online or continuing education students.
3. Exams: Students can take national tests in areas they are already proficient in; if they pass, they'll earn credits toward their program, saving students money on tuition. One well-known test is the College-Level Examination Program.
4. Stackable MOOC Credits: Massive online open courses can usually be audited for free and, in some cases, for a relatively small fee, you can earn college credit. Some schools even have a process that allows students to move from their MOOCs into the full program, which, like the exams mentioned above, gives a significant break on tuition.
5. Community College: Tuition is lower at community colleges, so it might be worth taking as many courses as you can there and then transferring them to the online program you're interested in.
6. Competency-Based Education: Some programs will allow students to demonstrate competency in a specific area instead of requiring them to do the coursework, which saves both time and money.
7. Textbook-Free Online Courses: Look for online programs that have at least some courses that use Open Education Resources to save you the cost of textbooks. OERs are free materials that are made available to the public by a university.
There you have it! U.S. News & World Report's seven ways to save you money in your online MBA program.
Forbes found that almost one-third of online MBA program graduates ended up transitioning into other industries or fields because of their programs, which was surprising given many students enter these programs to accelerate their current careers. The 1,200-plus students they surveyed were enrolled in the best online MBAs in the country, according to Forbes.
Also, an average of 44 percent of graduates received promotions because of their online MBA degrees, and many also reported an increase in salary.
Forbes concluded that an online MBA is generating much the same career outcomes as traditional, on-campus programs.