The online Master of Business Administration (MBA) is one of the most popular degrees, and perhaps the most popular degree of all among working professionals.
In statistical terms, when can see why online MBA enrolment numbers are always strong. Attaining an MBA is a well-recognized path to a brighter career, making the study option a good one for many professionals with leadership aspirations.
As well, earning the degree online is generally the preferred method for working professionals. By studying online, you can keep your job while improving your credentials.
The combination of a high-value, well-recognized degree and the convenience of online study naturally means student numbers are high. But, on an individual level, why would you want to do an online MBA? Let’s explore the benefits further.
Career Benefit Online MBA Studies
With an MBA you will find yourself not only growing within your organization but also as an individual. An MBA allows you to manage a business unit, develop a strong professional network, earn a high salary, or become your own boss.
Yes, all of this sounds great, but with your already overbooked schedule, how can you possibly add this kind of commitment on top?
Yet, thousands of young professionals are able to attain an MBA and stay on top of their schedules and commitments. They are able to do it because an online MBA makes it possible and that is why it has become so popular.
Flexibility of Online Business Programs
Everyone needs some flexibility in their life, especially those with careers and family. The online MBA allows you to work anytime anywhere, so you can still meet your job requirements and not miss a beat. With the asynchronous format, you log on when you are able to work, so you can create a schedule that works around work and family life.
Business schools are catering to student demands by offering shorter, more specialized study programs. According to ICEF Monitor statistics, two-year full-time programs in the United States have been losing market share to one-year MBAs available in other countries.
Many online MBA programs also allow you to take a longer time to fulfill degree requirements than traditional programs. So, if it’s not feasible to take class full time and complete the degree within the standard 18-24 months, you can create a schedule that meets your needs.
Also, rather than leaving your job and salary to complete the degree, an online program allows you to continue working where your employer may help you with tuition. You may even be able to waive the GMAT requirement.
A Diverse Professional Network
One of the best characteristics of an online MBA program is the diverse student body. Students from all walks of life seek an MBA and many choose to form close connections with classmates online.
You will encounter people of various cultures, ages, and careers. This type of networking will assist you in your profession for years to come. Whether you want to seek advice or a new position, the students taking the program with you understand what you are experiencing. They can be emotional support as well as mentors in the industry.
Group work and collaboration are important aspects of MBA programs. You will still have plenty of opportunities to work with others; the only difference is in an online program you will work with people from around the world in many different industries.
Since international students often enrol in online MBA programs, you will have the opportunity to learn about other industries as well as other countries. This opportunity just doesn’t occur in a traditional face-to-face program.
You will have the chance to gain real international business experience. All you need to do is figure out when to meet virtually since one person is in California, someone else in Mumbai, and a third in London.
Improve Your Technology Skills
When you are part of an online program, you should encounter the latest technology in the field. This knowledge gives you an edge over other professionals. Since all content is online, your ability and knowledge of technology becomes second nature.
Even if you never felt secure with technology, you will conquer it with an online program. And, if you struggle with any aspect of the technology, you just need to reach out to your fellow students for assistance. It will take you out of your comfort zone as you explore new technology and create new projects with the most up-to-date text tools.
Apply Your Learning to Your Current Job
With an online MBA, you can apply your knowledge in real time. Since you are still in the workplace while attending school, you can easily apply what you’ve learned. In fact, it is encouraged to use the skills you’re learning through the program with your colleagues and clients.
What better way to improve your skills than to apply them in real world situations? You have the opportunity to improve your leadership, discover more about yourself and build skills as you learn.
Employers Value the Online MBA Degree
As the world adjusts even more to the virtual business world, online MBA programs have become just as prestigious as traditional degrees.
Employers understand that completing an online program demonstrates your flexibility, knowledge of technology, and commitment to improvement. They also know that you have connected with people from different places while in this program. Employers need people who are actively improving their skills and connecting to people from other cultures.
More Choice and a Reduced Cost
MBA online programs are everywhere. This allows you to research the programs and formats as well as the cost of hundreds of programs that meet your needs. With so many affordable choices, you can find a program that coincides with your schedule as well as your pocketbook.
You also save money since you don’t have to drive to campus. And, since online programs are typically cheaper for the college to offer them, the cost reduction can be extended to you.