Are you looking to pursue an advanced business degree but are having a tough time deciding whether to enroll in a traditional, classroom MBA program or going for a graduate school online option?
Are you wondering what the pros (and cons) of an online MBA program actually are?
Here at West Virginia University, we know that making a decision like this can be difficult, but before deciding on the traditional, in-person route towards a graduate degree, consider these four reasons to decide if an online MBA degree is right for you.
An online MBA program allows for more flexibility.
An online MBA program offers the flexibility that every busy professional needs. Whether you are working full time, faced with a busy schedule, or don’t want to relocate, an online MBA program can complement your life rather than complicate it.
Although there are still due dates for assignments, online programs often allow participants to work around their personal routines and priorities unlike a traditional MBA program, which would require a more regimented class schedule.
By not having to relocate, those working towards an MBA can keep their current job or have the availability to find one for some practical, hands-on experience. Thus, by offering flexibility, online MBA programs can help lead to a successful career with prior employment experience.
Online MBA programs are growing to be more respected and reputable.
There is a common misconception that employers view online degrees as less reputable than traditional forms of higher education. This, however, is not the case. Many reputable schools are now offering a variety of online degrees, and many online MBA programs receive international accreditation from The Association to Advance Collegiate Schools of Business.
Not only are online degrees becoming more prevalent and respected, but an online MBA program could even hold reputable accreditations that make themselves competitive as programs as a whole.
An online MBA program will give you an elite degree at a lower cost.
Tuition fees are a very important factor to compare when selecting an MBA program. Although an MBA degree can set your career flying, higher education can also crash your bank account if you aren’t strategic regarding financial budgeting. While some programs can be extremely expensive, some online MBA programs allow their students to pay in-state tuition regardless of residency.
Keep your career on path by searching for highly ranked online MBA programs that won’t financially debilitate you.
An online MBA program will allow you to put practical skills into action.
Since online MBA programs allow for more flexibility than an in-classroom MBA option, students should consider gaining practical work experience while pursuing an MBA. Doing so could be very valuable for your education and for your employment opportunities upon graduation. If you are working while pursuing an online MBA program, you can apply what you are learning immediately. By deepening your knowledge and understanding of coursework while providing current and concrete examples from your professional experience, you can start seeing returns on your investment more quickly.
Whether you are working full time or taking care of your family, pursuing an MBA while balancing demanding aspects of your personal life indicates that you have self-discipline as well as the entrepreneurial and time management skills necessary to succeed in a future career.
Something to consider:
If you feel that you are missing out on the ability to develop relationships with fellow classmates, there are various universities that offer in-person residencies where you can engage in dynamic discussions and collaboration to emphasize your knowledge and understanding of the curriculum.
Prospective MBA students should consider the option of an online program and do the homework regarding what advantages are available upon pursuing such a degree. Find out what your areas of importance and concern are regarding an online program and reach out to your university of interest for additional information.
Are you interested in pursuing an advanced business degree but have questions regarding what the actual return on investment will be? Check out our free resource: Understanding the Real R.O.I. of a Graduate Degree in Business!
