Market Insider By Peggy Chan 577 Views

6 Benefits of an Online MBA Degree

Thinking of getting an MBA? Well, it is common for scholars to want an advancement in their education to further enhance their respective careers and for many people, getting an MBA is paramount.

In the past, earning an MBA degree was an arduous task particularly for individuals with numerous commitments—as they would be required forfeit them to attend the on-campus classes.

Today, the path to earning an advanced business degree has been made a lot easier as there are now thousands of accredited online MBA programs that offer complete online coursework. Just from the comfort of your home, you can surf through the program pageof the institution of your choice for necessary information and complete your degree in less than 18 months.

So, as you decide on which program to run, here are some benefits to consider before making a choice.

1.  Highly Flexible

For most students who choose an online MBA program, they do so in part because of its flexibility.

For working adults, there must usually find a balance between their work and family responsibilities, while also still trying to advance in their respective careers. This can be difficult on its own and isn’t made any easier with having to get an MBA.

But most online MBA programs offer a blend of synchronous and asynchronous classes, where students can either attend live classes with other students or complete an archived class on their own schedule.

Therefore, regardless of your hectic schedule and family commitments, you are still able to fit in an online MBA program.

2.  Quite Affordable

There are typically concerns about the cost of an MBA tuition, especially for students on a tight budget. However, online MBA programs offer great value for money and can be done for as low as $5000 or $10,000 per year.

But it is advisable to tread carefully and learn more about the institution and program of your choice before venturing further as it is possible to spend over $50,000 per year.

For example, Auburn University isa public school that offers an online MBA for a fair price of $775 per credit hour—adding up to just $27,900 annually.

Regardless of which MBA program you choose, the level of flexibility afforded allows you to work at least part-time to earn more money.

3.  Advanced Technology

Online MBA programs offer a high-qualitycurriculum to different students from all parts of the world. Therefore, a typical online MBA program runs on cutting edge business technology to offer the best quality of education to its virtual students.

Online business school learning technology offers various advantages to MBA students as it not only increases their understanding of current business technology but ensures that their education is more compatible to their personal needs and most often, busy schedules.

Additionally, becoming familiar with technology as it pertains to business is also important for your career, allowing you to optimize these tools in your day-to-day activities.

4.  Quite Diverse

Online MBA programs are structured to be highly adaptable to different needs and cultural backgrounds. Over the past 10 years, they have grown astronomically in prestige and strived to attract many international students as possible.

For example, the W.P. Carey School of Business at Arizona State University has attracted high profile students from Fortune 500 managers to employees at Cisco, Apple, Air Force pilots and graduates of law school.

This array of different individuals from all works of life allows online MBA students to grow their personal network.

5.  Different Choices

For those who have made research on business schools in their vicinity, you would agree that there are typically a very limited number of universities to choose from. However, an online MBA program gives you literally thousands of schools at your disposal.

This opportunity allows you to expand your choices and leads to more improved educational and career opportunities that can increase your skill level and improve your future earnings.

6.  Accreditation

A lot of students often wonder if studying for their MBA online will mean they settle for a lesser recognized degree that those who studied at campus instead.

However, online business degree programs have now grown in stature and quality, with more of them earning program accreditation from prestigious accrediting bodies.

For example, the Association to Advance Collegiate Schools of Business (AACSB)—the most well-known business program accreditation body in the world—has now accredited hundreds of quality, online MBA programs all across the globe.