Advantages and Disadvantages of an Online MBA Degree Program
Just like back in the DOTCOM boom days, these days there is a lot of hype about anything online, so today our blog post is about Advantages and Disadvantages of an Online MBA Degree Program. The number of people studying online degrees has been increased during the last few years. This is especially true for online postgraduate qualifications like MBAs and Ph.D.s
In today’s world, the more education that you have, the better chance you have of getting a well paying job. This is ever more so true in the world of banking and business. Higher studies have been the option for many people who lost their job due to the recent recession and the banking collapse. We have seen a record increase in the number of students studying for MBAs, most of them are motivated by survival in the competitive and currently limited job market. If you are armed with the right MBA or masters of business administration degree, you should have no problem in getting the job that you desire.
A big thing these days is the ability of being able to gain your MBA online. Before you decide to enrol in an online MBA program, one of the most difficult things to decide is whether to study online or the traditional way by attending classes at a business school. Only a handful of people stop to consider the possible Advantages and Disadvantages of an Online MBA.
Advantages of an Online MBA Degree
The biggest advantage of earning your MBA online is that it is convenient. You will be able to take your classes and do your work at your own pace and in the comfort of your own home or office, without having to travel much or even without the need to relocate. Our research about online study habits indicate that many people prefer to study online from midnight to the early hours of the day. Interestingly there is a lot of evidence to indicate that students choose to study even while they are visiting or holidaying in exotic locations. Being able to study from anywhere (as long as they have access to the Internet or to study material) is a great advantage for busy executives who travel a lot.
2. Can study while working
Ideal for part time study if you are full time employed
To study an online MBA you simply do not need to take 2 or 3 years of leave from work to study an online degree.
3. Cheaper than the onsite MBAs
The course fee is usually cheaper than for traditional classroom based MBAs. There are many Scholarships available for online MBAs
4. Flexible entry requirements
Compared to entry requirements for traditional MBAs, entry requirements are fairly flexible for online degrees. If you are not sure whether you have the prerequisite qualifications, you must always contact the admissions team for the online MBA that your are investigating. This personal approach can sometimes give you an edge and make the application acceptance a more positive experience. Through experience we have found that business schools providing online MBAs tend to be very responsive and helpful compared to others!
Disadvantages of an Online MBA Degree
1. Lack of Face to face contact and networking opportunities
The main disadvantage of earning an online MBA degree is that simply, you will not have much or any face to face contact with your professors/ lecturers. Some people who are used to the traditional face to face interactions struggle to get used to the online communication mediums as email, webex, skype, podcasting or the customized e-learning software etc. Conveying meaning through these media can be very tough, resulting in communication misunderstandings.
Lack of student to student contact is one of the main concerns for online MBAs. This is a very important aspect of graduate study because of the networking opportunities it provides. These student to student networking opportunities are a great way to build a large number of influential contacts and sometimes result in immediate job offers from fellow students to other students.
2. Competition with traditional onsite MBA business schools
A lot of companies will favour someone who has gone through a traditional business school and successfully completed their MBA program rather than someone who has earned their degree online. However many highly reputed traditional business schools offer online MBAs these days.
3. Lack of accreditation
The main thing that you want to do before you decide in enrolling in an online MBA program is to do some background checking on the accreditation level of the online school to which you wish to apply to. It can be a time consuming and a costly mistake to obtain an MBA from an unaccredited online business school. You must make sure that your MBA business school is not degree mill !
4. Selecting the Best Online MBA to suit your requirements
This can be tough because there are plenty of colleges and universities that offer MBA programs online. The key is to do a lot of research and find out about the various schools that offer this type of program. Our site is dedicated for this purpose.
When you are considering on studying an Online MBA Degree Program, it is very important that you make an informed decision. Our site is dedicated to providing you with FREE impartial advice to help you make this decision. A decision as important as this which can affect your future should be backed by proper research. Please feel free to read our other articles on how to select the best online MBA degree . As always if you have any questions feel free to leave a message below.
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