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 online graduate school option?
Are you wondering what the pros (and cons) of an online MBA program actually are?
Here at West Virginia University, we know that deciding this can be difficult, but before deciding on the traditional, in-person route towards a graduate degree, consider these four reasons to determine if an online MBA degree is right for you.
On online MBA programs 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 graduate programs often allow participants to work around their 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 opportunity 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 becoming 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 can also hold reputable accreditations, making it a competitive option overall.
Pursuing your MBA online will give you an elite degree at a lower cost.
Tuition fees are a very important factor to consider 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 with you financial budgeting. While some programs can be costly, some online MBA programs allow students to pay in-state tuition, regardless of their residency.
Keep your career on track by searching for highly ranked online MBA programs that won’t financially debilitate you.
Online MBA programs allow you to put practical skills into action.
Since online MBA programs offer more flexibility than in-class MBA options, students should consider gaining practical work experience while pursuing their MBA. Doing so could be very valuable for your education and 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 the 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 about online graduate programs:
If you feel that you are missing out on the ability to develop relationships with classmates, various universities 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 an online program and research the advantages of pursuing such a degree. Find out what areas are important and concerning to you regarding an online program, and reach out to your university of interest for more 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!
