Business students choose to pursue a Master of Business Administration (MBA) for many reasons—to make a career change, to become an entrepreneur, or to simply advance their business knowledge. Often, the degree is a stepping stone to a more advanced position at an existing place of work. Online MBA degrees are a popular option for students due to their accessibility, convenience, and career advancement prospects.
To learn more, check out the infographic below, created by Washington State University’s Online Master of Business Administration program.
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<p style="clear:both;margin-bottom:20px;"><a href="https://onlinemba.wsu.edu/blog/reasons-for-pursuing-your-mba/" rel="noreferrer" target="_blank"><img src="https://s3.amazonaws.com/utep-uploads/wp-content/uploads/wsumba/2017/07/23125201/WSU-MBA-2021-Q2-Infographic-Refresh-5-Reasons-to-Start-Pursuing-Your-MBA.jpg" alt="A list of five reasons to start pursuing your online MBA." style="max-width:100%;" /></a></p><p style="clear:both;margin-bottom:20px;"><a href="https://onlinemba.wsu.edu" rel="noreferrer" target="_blank">Washington State University </a></p>
Why Pursue an Online MBA?
Students may choose to pursue an MBA through on-campus, hybrid, or online programs. An online program can allow a student to work full time while advancing their education or study at the school of their choice regardless of geographic location. These programs can also help expand their students’ professional network to a global scale.
According to the 2021 Online Education Trends Report from Best Colleges, 95% of online learners would recommend getting an online degree, 95% of graduates from an online program would recommend getting an online degree, and 93% of all online students reported a positive ROI (return on investment) in 2021.
Here are five reasons why you should consider pursuing your MBA degree online:
No. 1: Online Education Flexibility
Online education provides flexibility in three important areas: location, schedule, and resources.
Online resources allow you to decide where to study and attend class. Virtual classes and study groups let you share experiences with students from across the country and around the world.
Online courses allow for flexible class times, making it easier to build a schedule around your life. Learning online also cuts out travel time, so you can have more time for family or work while pursuing your degree.
Most universities allow online access to their libraries, subscriptions, and student centers to make sure all of their students have the tools to succeed. Courses also have forums and message boards and encourage communication among students, teachers, and staff to supplement learning and increase interaction.
No. 2: MBA Specialization Options
Prospective MBA students have a variety of specializations to choose from. Some of the most popular online tracks are general management, international business, finance, and marketing. Specializing in two areas simultaneously is also an option. Dual specialization is made easier by the convenience of an online program, as students can work at their own pace to learn and achieve their goals.
Preparation for a Career Change
Because of the wide range of specializations, students can choose to study an area of business that’s new to them and start on an alternative career path. Being knowledgeable and experienced in multiple business areas makes students more interesting to recruiters and prospective jobs.
Positive Salary Prospects
According to the U.S. Bureau of Labor Statistics, information systems managers—a popular MBA job title—made a median salary of $151,150 in 2020, while financial managers earned $134,180, and marketing managers earned $142,170. Sales managers made a median salary of $132,290, and human resources managers made a median salary of $121,220.
No. 3: Synchronous and Asynchronous Learning
Online MBA degrees use a combination of synchronous and asynchronous learning methods.
Learning Management Systems
An LMS integrates tools and cloud-based services, such as text chat windows, video streaming, audio discussion forums, and web conferencing. Students submit assignments online, and professors are available through both email and the LMS messaging system.
Interactive classroom sessions require real-time attendance, offering the opportunity to speak directly with classmates and professors. Asynchronous lectures are available at any time and can be replayed, slowed down, or sped up, providing the ability to access class material when your schedule permits.
The LMS allows students to interact with each other, both instantaneously and at their own pace. Using message boards, forums, and text chats, professors can receive and respond to messages outside of typical office hours.
No. 4: College Cost Savings
Online MBA degrees provide opportunities for cost savings.
Not being attached to a campus can save time, money, and stress. Because all coursework and course materials are available online, you can avoid expenses for on-campus housing and facilities, commuting, and relocation.
The flexible schedule of an online MBA means that students don’t have to choose between school and work. Earning your online MBA while also working is possible, lessening the stress and making it easier to focus on both school and home life.
No. 5: Quality of Education
Online MBA degrees provide a quality education option.
If a business school is accredited by a major accrediting body, such as the Association to Advance Collegiate Schools of Business (AACSB), then its online programs are accredited, too. A good name will get you noticed. Taking online courses from a reputable school shows a determination to succeed.
Access to New Technologies
Online programs allow students to get comfortable with up-to-date technology in the field and graduate with the skills necessary to start working immediately. In an evolving industry, professionals must stay informed of new programs and technologies that enter the business realm. An online MBA integrates those innovations.
Opportunities to Get Recruited
More than 60% of companies believe that MBA graduates are strategic thinkers and strong communicators with a versatile skill set, making them attractive to recruiters, according to the Graduate Management Admission Council (GMAC). Some 89% of recruiters planned to hire MBA graduates in the first half of 2021, and 92% expected to hire MBA graduates by the third quarter.
Start Pursuing Your Online MBA
An online MBA program is convenient and cost-effective, and it can lead to a successful career in business. Online MBA programs introduce students to asynchronous work and expose them to new technologies. Students graduate with the skills needed to enter the business field, succeed, and improve their lives—all while studying at the school of their choice.