Online MBA - Worth the Price?
Today, the world we are living in now is very different from what we used to know. We need to embrace the changes and be grateful for the digital world where everything is possible just a click away. And one good thing from this is that universities and colleges have started offering online programs and courses to help students worldwide avail quality education.
Online MBA is a program designed for those who need to up their game in the business world. With a globally recognized degree, one can achieve all that one aims to achieve. More than ever, professionals are enrolling in these programs. What's the reason for their popularity in recent times? Firstly, you don't have to quit your job, leave home, family and other responsibilities. An online MBA provides maximum flexibility to its students. Some programs will let you decide the schedule according to your availability. In addition to this, it even provides the flexibility of the whole duration of the course. You can complete the course in a minimum of 18 months or even spread out the course work in some years.
For years, a part-time MBA was the only option available to working professionals who attended class post spending hours at their day job. Now, with the online MBA as a better option, more professionals are opting for it. As for an online MBA, you do not have to be physically present at a specific location. Most people do not wish to quit their jobs and halt their careers, and an online MBA comes to the rescue for these professionals.
Another great benefit of opting for an online MBA would be the program's total cost is far less than a traditional MBA. Therefore, a lot of companies and organizations sponsor it for their working professionals. Even individuals can easily afford it. The only thing to keep in mind is researching the program well and checking if it's the best option for you before paying any fees.
With many benefits, there are drawbacks as well. An online MBA won't create that atmosphere that one would have experienced at a traditional MBA. Like meeting with faculty on one basis, the relationship you would share with your peers, creating lifelong connections and networking with like-minded people. It leads to a lack of job opportunities post your Online MBA. In a traditional MBA, on-campus placements and employment fairs help the students get jobs quickly. The university's support is missing in an online MBA program as students pursuing an online MBA usually have a job secured. Some graduates are older professionals who do not come under the hiring window of fresh MBA graduates.
With the rise in need of MBA professionals, many corporations have approached universities providing distance learning to organize virtual job fairs. Some universities also give access to their career management centres and offer executive coaching.
An online MBA is a great option, and if you want to go ahead with it, you need to do proper research as online MBA courses vary in terms of prices and what you get in that. Every course is slightly different from the other. You need to understand the differences before you finalize anything.