The Benefits of an Online MBA

The Benefits of an Online MBAIn today’s tight job market, having an MBA can really help edge out the competition. However, attaining one it not necessarily an easy task. For one thing, an MBA costs time and money that many people feel they cannot afford. Fortunately, if you want to earn your MBA, today’s technology allows you to do it online. Before you scoff at the “online” aspect, let’s take a look at some of the main advantages:

Schedule Flexibility

With online MBA programs you can build a course schedule around your other weekly obligations, allowing you to advance your education and marketability without putting your life on hold. In many cases, you have more flexibility with assignments and tests because you decide when to work on them rather than having to finish them during class hours. As long as you have Internet access, you can work and learn from wherever you like— your home, parks, coffee houses, at work during breaks; the options are endless, and it is entirely up to you! When you need outside of class help, you don’t need to wait for office hours; you can use online tutoring or study groups to get the answers you need.

Lower Costs

Many online MBA programs offer a great education without you having to pay the astronomical tuition fees required by traditional classroom MBA programs. The average online MBA will run you about $20,000 and up, while a traditional MBA attained by sitting in classrooms will cost you about $60,000 and up. You can even make additional savings from the lack of commuting costs and campus student expenses.

More Interaction

Yes, you read that correctly— online MBA programs can offer more opportunities for classmate to classmate and student to professor interaction than classes held in person. Instead of having to wait for office hours, you can send emails whenever you want. Rather than trying to chase down classmates, you can chat instantly with them online. Communication is fast and easy with online MBA schools. You also submit and receive assignments directly, which further helps make your education more personal in addition to saving you extra time.

The Benefits of an Online MBA

Rising Reputation

Many reputable, established schools across the country have online MBA programs, and many more are in the process of launching online classes or “distance courses”. Public perceptions of online degrees have improved dramatically over the years, and many also realize that the quality of these programs has been increasing as well. In fact, a survey by Excelsior College and Zogby International showed that 83 percent of the nation’s executives believe an online degree is “as credible as one earned through a traditional campus-based program.”

Of course, even though there are a lot of benefits to online MBA programs, that doesn’t mean there aren’t also some disadvantages. For example, many people prefer the campus atmosphere, and that just doesn’t exist online. When it comes right down to it, you have to choose what is the best option for you, your current situation and your future goals. Finding out more information about your MBA program options is a great way to get started. After all, this is your life and your career.

The author works for an online tutoring service and lives in San Francisco.

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