A traditional MBA or masters of business administration usually takes four to five years to complete, depending on the institution, plus other requirements. Students, especially those who are part-timers, have found this to be quite uneasy to manage. Nowadays, many schools have started offering online MBA programs to resolve this issue, and pupils are taking means to get their one year online MBA’s.
What Is An Accelerated MBA Program?
These are MBA programs that are alternatives to the traditional means of getting the degree and are usually finished in twelve to fourteen months. Many schools are now offering this course, but students should make sure that the quality of education they will get should be top-notch, and that the college or school they choose should be accredited.
Why Take Them Online?
These programs are offered online because of many factors. Students who are at home with the traditional classroom setting may have to adapt to online classes. Emails, pre-recorded lectures, and virtual documentation are only some of the things that they should expect if going online.
Online learning also paves the way for new social interactions and gives the students the chance to get to know other people, interact with each other, share thoughts, experiences, and opinions, and create networking potentials and connections that may prove to be useful in the future.
Online MBAs are more convenient and are a better choice if students have no plans for a daily commute and are located far from respective schools and universities.
What To Expect?
Some of the courses students will take include financial management, marketing management, leadership courses, and accountancy. Graduates will develop skills such as leadership, critical thinking, planning, and other business-related pursuits, and they will be able to respond to business environment challenges with ease. Other skills students will learn include management skills, business problem solving, and being able to speak up and explain and share ideas.
Some schools collaborate with big companies and organizations, ensuring that their courses are of top quality and up to date with the digital trend.
What Are The Advantages?
Students can accomplish this one-year online MBA while undertaking different tasks, such as work or additional studies. Another advantage is that online MBA’s are much cheaper than their traditional counterparts.
The quality of the program also is not compromised. Students can still go for an online degree and reward themselves with a demanding and fruitful experience.
What Are The Disadvantages?
The only disadvantage that an online MBA might have is that students who take the course sacrifice internship programs plus the work positions that are available during the summer periods.
Pupils are also required to have a good internet connection and heavy-duty computers to fully experience the virtual lessons. Without reliable technology, online classes will prove hard to manage.
Will I Be Able To Get In?
To access an online MBA is a lot easier than a traditional one. And according to a recent study, students have a higher chance of getting into online MBA programs.
What About The Schedule?
Like most online courses, an online MBA requires a specific set of hours when taken. A different time frame is set for other things such as writings, projects, research, and studies. The classes may be flexible, but it may be hard for those who are working part-time.
What School To Choose?
Regardless of the method of learning, be it online or traditional classroom, it is necessary to choose a school or setting that offers quality classes, and should also be accredited. Accreditation is one of the most important factors to keep in mind once selecting a school. There are dozens and dozens of schools out there, and it is not a bad idea to check them out, to see if they meet the needs of individual learners.
What Jobs Are Waiting For Me?
There are tons of career opportunities for online MBA graduates, some of which are on the list below.
Accountant
- Online MBA graduates can apply as accountants for various companies and organizations. Accountants are responsible for the accuracy of reports, and they file and record taxes, and assess financial stabilities.
Financial Analyst
- They provide advice to organizations, companies, and individuals who wish to look into assessing and managing their financial decisions.
Database Administrator
- Database administrators make sure that data is secure and used well. In today’s modern world, businesses are online, and online MBA graduates and those who study information systems are now in demand to keep the industries and enterprises running smoothly.
Marketing Manager
- Marketing managers create specific marketing campaigns and strategies to advocate and sell a product or service. A marketing manager is one of the more popular choices for online MBA graduates.
Business Operations Manager
- The role of a business operation manager is to manage various deadlines and enforce standards that are of quality for maximum efficiency in the workplace. Business operation managers are in demand because many industries and business chains have broad and complex systems that require maintenance and work properly.
What About Compensation?
It depends on the field of expertise that an online MBA graduate will pursue. Many industries provide higher pay than average but require more hours of work. A study shows that the median salary for MBA jobs ranges from $100,000 to $125,000. This may increase as businesses and industries grow, and the demand for more efficient workers will skyrocket, so there is no need for graduates to think about being unemployed once they get their degrees.
The Bottom Line
Students should consider advanced or one year online MBA degrees if they are busy with other things in their lives, like work, other tasks, family matters, and other commitments. These programs are flexible, versatile, and can save a lot of time and money. The careers that come after graduation are immense and are extremely rewarding, plus it is because of this that many people today from all walks of life who wish to tackle and enter the world of business and marketing choose to take accelerated online MBA classes and programs.
