Advantages of an Online MBA
A Master's degree in Business Administration (or MBA) is an important higher education credential for people hoping to attain upper management positions. The MBA designation emerged in U.S. at the turn of the 20th century as companies sought more systematic approaches to management, marketing, and competitiveness. Today, many schools offer Online MBA programs, making it easier for busy adults to attain the degree via their computer rather than on campus. Online MBAs are available with majors or specialties that include accounting, entrepreneurship, finance, marketing, and technology. There are even online MBAs available in Healthcare.
Qualifying for an Online MBA Program
Typically, applicants to Online MBA programs have a bachelor's degree and significant work experience in a business setting. Universities and graduate business schools make MBA admissions decisions based on:
- Graduate Management Admissions Test (GMAT) scores,
- Work experience,
- Undergraduate transcripts,
- References or letters of recommendation, and
- An interview
Read the fine print of any Online MBA program that interests you to clarify its particular application requirements. For example, your Online MBA program may not require that you interview in person, but you may need to participate in a phone interview.
Advantages of an Online MBA Program
The advantages of an online MBA are many. Online MBA Programs offer working professionals the many benefits of online learning, including schedule flexibility, time efficiency, and a rich exchange of expertise and perspective among an informed group of Online MBA students. By enrolling in a distance learning MBA and taking courses through an online MBA program you have the flexibility to study and do your coursework at home, or wherever you study best, rather than having to trudge to campus after a long day at the office.
Opportunities for Online MBA Graduates
There are always opportunities for Online MBA degree holders in the 21st-century "knowledge economy." Last year, the Graduate Management Admission Council (GMAC) projected that career opportunities for MBA holders would increase in 2008; employers reported to the GMAC's annual recruitment survey that they anticipated hiring approximately 11% more MBA graduates and other graduate business degree holders than they did in 2007.
Employers also reported being interested in MBA graduates who studied high-demand management specializations. An online MBA degree will not only improve your long-term financial stability, but your career prospects as well. Having an MBA can also keep you competitive in your field. Most people think an MBA is about money. And it does have a positive impact on your earnings, as indicated by current salary estimates from the U.S. Bureau of Labor Statistics.