As the pandemic has been ramping around the world, more and more schools and universities are shifting to online teaching programs. But online MBA programs are not only a great option given the times we’re living. Many renowned schools offer fully online MBA programs with the same value as traditional and full-time MBA courses. In the past five years, the number of online MBA courses has increased by 85%, mainly because students who look for flexibility and the opportunity to work, study, and travel at the same time, find online MBA programs beneficial for them.
So, Is an Online MBA Program Worth It?
Well, here we’ll break down the three most essential points that make MBA programs reliable and practical for you. And at the end of this article you will understand why virtual MBA programs are worthwhile.
Online Programs Are Cost-Effective
When students look for the most affordable MBA programs, an online MBA is the cheapest option available. Nowadays, many schools and universities are offering such online MBA programs. And the good news is that those programs have equal credits as the traditional classroom MBA courses.
Let’s compare online programs with the classroom MBA courses. The average cost of an online program is 30-40% lesser than a traditional MBA course. For the students who are looking to pursue their MBA cost-effectively, online programs are reliable.
Online Programs Offer the Flexibility of Learning
The flexibility of online MBA programs makes them attractive. Those online programs are customizable and self-directed. Thus, the students can design their schedules based on their existing routines. There are many working professionals alongside students who are enrolling in such programs.
Online MBA programs even help students to learn from top schools without relocating. And in some cases, those online programs can be completed more quickly than traditional classroom MBA courses. The fastest online MBA programs take only about a year.
Online Programs Offer Global Networking
An online MBA program enables community engagement. By enrolling in such courses, you can interact with professionals from different parts of the globe. You can share ideas with more people at once without meeting them over cups of coffee. Online MBA programs allow you to interact with international counterparts from different cultures, communities, and lifestyles.
What Are the Values of An Online MBA?
The days when online education was considered less credible are way past. Today, online programs hold equal credibility when it is provided by globally recognized institutes. In recent years online MBA programs have gained much more popularity for offering quality education, better career prospects, and learning flexibility.
Studies show that MBA’s are the most popular online degree and that 90% of students who enroll in online MBA programs are already employed. Which makes sense considering an MBA alone can bring considerable benefits to individuals in a fast-paced world.
There are plenty of career prospects after an online MBA degree. Many educational institutions made their online MBA courses easily accessible for students from across the globe. This not only helps students to pursue higher education but also help professionals to boost their career.