ONLINE MBA GUIDE PART 1
An MBA Overview
Table of Contents
A Masters of Business Administration (MBA) is one of the most common advanced degrees in the world. Professionals from companies of all sizes and in every industry pursue MBA degrees in order to gain the experience and expertise necessary to run complex enterprises in competitive industries. Having an MBA is often a requirement for upper-level management positions. And one of these degrees is often paired with training in the sciences or other disciplines to help turn expertise into business acumen.
MBA programs are offered though most major universities, and in both in-person and online environments. Since this is such a popular degree with such broad appeal, education providers of all types have an incentive to offer flexible and innovative degree programs. That makes it uniquely easy to pursue an MBA while already employed, on a part-time basis, or from home. If your goal is to advance your career in any business, an MBA is an important, if not essential, credential.
Trends in SpecializationExamining how many students enter various types of specialized MBA programs reveals a lot about the present and future state of global business. These trends are also worth considering for prospective students hoping to make the most of their MBA degree. Not unexpectedly, the most popular type of program is one focused on general business. After that, the specializations that have seen the largest growth in popularity between 2009 and 2014 are Quantitative Methods, Business Ethics, and Statistics. Just as revealing are the programs that have experienced the largest decline in popularity over the same period. These include Computer/Management Information Systems, International Business, and Marketing. These declines do not indicate that these programs or disciplines have no merit but simply that their prominence in the world of MBA programs is changing.
Online vs. On-CampusYou may have some confusion about what each one of these programs actually entails. These are the most important features of both options:
Pros and Cons of an Online MBAThe steadily increasing popularity of online MBA programs suggests this option has a lot of appeal for students. But it’s important to realize that the advantages are matched by certain disadvantages. And these disadvantages apply to both the programs themselves and the impact they have on your career. Study the pros and cons carefully before making up your mind:
|• Flexibility when and where you study
• Easier to juggle work and family
|• May take longer to complete than on-campus programs|
|• Typically costs less||• Cost of high-speed Internet, if needed|
|• Great for those who like to spend extra time reviewing • Ideal for those who like to study at night||• Requires a lot of self-discipline • Not ideal for those who wish to have the ‘traditional’ classroom feel|
|• Largely revered the same as on-campus programs||• Must do research to ensure that the program is accredited|
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