A comprehensive guide on Advantages of Online MBA
An online MBA is no longer a traditional full-time cousin. A prestigious university offering an online MBA program in addition to traditional formats, the former is well-known among both students and recruiters.
The growing popularity of online MBAs is demonstrated by the fact that 15% of MBA applicants choose an online course, according to the 2018 QS MBA Application and Aspirations Report.
According to the 2018 Graduate Management Admissions Report, 36% of online MBA programs have increased enrollment compared to 24% of full-time two-year programs.
The US Census Bureau reports that MBAs are eligible for more jobs, whether online or on campus. MBA jobs are estimated to increase by 15% by 2022. So, I think it's better to have an MBA in any format than not. It's no wonder that the MBA is the most popular graduate degree in the United States, with 25 percent of graduates.
Of course, remember that the MBA will advance your career faster through promotions and salary increases.
Online MBA programs are becoming more popular during a pandemic. However, many students still opt for an online MBA, even as the campus reopens and face-to-face education revives.
The main benefits of continuing to attract students and driving the growth of an online MBA are:
∙1. Flexibility to balance work and personal life
An online MBA gives you the flexibility to study while working at night, on weekends, or at specific times of the year.
Many programs offer the opportunity to study for several years and balance work, personal life, and study life.
For some students, a sudden increase in workload and family problems can mean they are lagging behind, according to John Coley, Associate Dean of Warwick Business School's post-experience Master's Program. This module has a very flexible module program that allows students to postpone individual modules or temporarily stop studying.
∙ 2. Keep earning while you study.
To enroll in a typical full-time on-campus MBA, you need to quit your job while studying.
This means that you give up your salary for a longer period of time. By adding tuition and living expenses, the investment can be daunting. An online MBA gives you the opportunity to keep earning while you study. You can also offset the cost of the program with a salary while avoiding these additional personal costs.
∙3. Increase your salary and work prospects
The revenue potential is a big attraction for all business school candidates, including an online MBA.
Registering for an online MBA gives you access to a variety of top jobs. Many graduates work in high-income industries such as consulting and finance at world-renowned companies such as Amazon, McKinsey, and JPMorgan. Therefore, getting an online MBA can increase your salary potential. Students at world-class Warwick Business School see an average salary increase of over 35% upon graduation.
On top of that, you can offset the cost of the program by continuing to earn while studying, which can significantly improve your financial situation after graduation.
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