Getting an online MBA can be confusing for many. After all, online MBA programs are relatively new the business world, and many do view them with some skepticism. Below are five of the most common questions asked about the programs, and answers that should help to alleviate some of the stress that comes from considering such a major decision.
HOW LONG WILL IT TAKE?
Generally, an online MBA will take about twenty-four months to complete. This is in line with a traditional campus-based MBA program, and is the generally accepted rate for gaining the degree. There are "accelerated" programs available from many schools that can cut the time down to about eighteen months, but this sort of course load can be difficult to maintain for many that work a full-time job. Those with heavier schedules may also generally take longer to receive an online degree. The flexibility in the program length is often one of the major draws.
IS AN ONLINE DEGREE LEGITIMATE?
Getting an MBA online is every bit as legitimate as getting the degree from a traditional educational institution, as long as the degree is obtained from the right source. A licensed or accredited university tends to back certain online MBA degrees, essentially giving their educational guarantee to the degree. With a bit of research, it is easy to find out the reputation of a particular online school and to learn whether the degree earned will be seen as legitimate in the eyes of your business peers.
HOW DOES AN ONLINE PROGRAM WORK?
The structure of an online MBA program will vary from school to school, but a few simple rules hold. Almost every program will feature lectures from a professional staff that will give you information on the most up to date theories in the business world. These lectures will generally be followed by written assignments to gauge your understanding of the material. Generally spaced at regular intervals are tests, which may be multiple choices, short answer, or essay format. After a given number of course hours, those with passing grades will receive their MBA.
HOW MUCH WILL IT COST?
The cost of an online MBA varies from school to school. The average student should expect to spend between twenty-two and thirty-two thousand dollars on their degree, including both tuition and course materials. These numbers vary wildly based on location, school, and by material needed from the course. A high or low price does not generally have any bearing on the quality of the degree, so one should carefully investigate why the degree costs as much as it does. You may be surprised to find out how much money is needed simply to have a prestigious name on your diploma.
IS IT WORTH IT?
It is worthwhile to pursue your MBA online. It provides a flexibility of schedule that a traditional course load cannot match while still allowing for advancement in the business world. For many, getting an online MBA is the last step necessary to get a major executive position. If you are will to put in the time and effort, getting your degree online is one of the most rewarding choices that you will ever make. Do your research to find the right school; you may well be surprised by the results that you see.