Deciding to go back to school for a Master of Business Administration (MBA) is a big decision. But the choices do not stop there; you must decide what kind of MBA program to complete. Some of the options include full-time or part-time MBAs, executive MBAs or online MBA programs.
If you work full time and are looking to earn your MBA without quitting your job, an online program might be right for you. Here are five advantages of online MBA programs.
Most online degree programs offer a combination of work that is completed at set times, as well as work that you complete on your own schedule. That flexibility allows you to work full time and spend time with family without having to drive to class or commit to a rigid class schedule.
Online degree programs can be among the most affordable options. Unlike traditional MBA programs, which require you to quit your job, you do not have to worry about a loss of income while you take online classes. Additionally, many online MBA programs are less expensive than brick-and-mortar degree programs. Because online degrees do not require upkeep and maintenance of campus facilities, schools save money and can then pass the savings down to the student in the form of an affordable MBA program.
3. Options for specialized study
Like their traditional counterparts, online MBA programs may offer the option to tailor coursework with classes that emphasize a specific area. Examples of MBA specializations include finance, accounting, organizational management, supply chain logistics management or entrepreneurship. Completing a specialized course of study can enhance your skills in your desired field and allow you the opportunity to interact with students and professors who share the same interests as you.
4. Real-world application
Because you can keep working while you earn your degree, you can immediately take what you learn in class and apply those insights to your current work responsibilities. In turn, your newfound knowledge can increase your value with your employer. Some online MBA programs even let you choose a particular industry on which to focus your coursework.
5. No geographic restrictions
With an online degree program, you can earn your degree from anywhere in the country — or even the world. Because you are not restricted by location, you can find a degree program that has exactly what you are looking for, or one that is among the nation’s most well regarded schools. By participating in coursework and group projects with students from all over the world, you can grow and diversify your network in a way that is not possible with traditional MBA programs.
If you are thinking about going back to school to earn your MBA, there are many programs from which to choose. You may want to consider the convenience, affordability and additional benefits of an online program.
Learn more about UWF’s online MBA programs.