An MBA will change your career—and your life—for the higher .
You can leverage it to realize promotions, a wealth of latest job opportunities, a paradigm-shifting career change, or a rise in salary. For others, an MBA may be a springboard for his or her entrepreneurial efforts.
But choosing the proper one is vital .
There are tons of options. Sifting through them is overwhelming. Especially as exciting new options emerge.
The most exciting new option may be a fully Online MBA.
While a web MBA often sounds attractive to students in our increasingly flexible, digital-first, and remote-friendly workplace, many business professionals wonder if it’s a sensible choice.
Will potential employers take my online degree seriously?
Do traditional MBA’s actually offer more networking opportunities?
We’ll clear up some common myths and misconceptions during this article.
To help you opt between a brick-and-mortar graduate school and a web MBA, we’ll undergo a number of the most differences between the 2 . From cost comparisons and admissions requirements to employers’ opinions of every one.
We will also introduce you to Quantic’s innovative free online MBA program and online Executive MBA program. More specifically, how they overcome any concerns you’ll currently have.
When it involves an MBA program, many potential graduate business students consider a standard , on-campus MBA at a brick-and-mortar school. There are over 1,000 MBA programs within the us . Some are full-time, while others are part-time, often offering classes on nights and weekends.
But, a bit like the planet of business itself, MBA programs are changing rapidly. There are now over 330 online MBAs offered within the U.S. Many of those programs are affiliated with long-standing, top-tier business schools, while others are completely digital degrees that approach online learning during a sort of ways — some simpler than others.
There is a transparent trend towards online learning. Applications for campus based MBA’s over the last two years fell. While demand is growing for online programs.
No one knows if this trend will continue. But we do know that we sleep in an unstable world. One that has already become more digitized after CoVid-19. There are now more remote workers than ever before. MBA’s may still imitate .
Despite their differences there’s one big similarity.
All accredited programs are rigorous and intellectually demanding. Period.
Both tend to possess similar educational requirements and similar coursework.
Quantic’s free online MBA program, for instance , includes courses in accounting, finance, leadership, marketing, supply chain and operations, data analysis and decision-making, strategy and innovation, economics, and entrepreneurship.
Meanwhile, Quantic’s online executive MBA (EMBA) program adds additional coursework in operations management, corporate strategy and other areas of study that help working, mid-career professionals level up their leadership skills. These curriculum paths are like those you’ll see at any top-tier business program, whether online or on-campus.
Ok – now that’s out of the way, let’s dive into some pros and cons…
Online MBA Pros and Cons
As a business professional, you already know the simplest thanks to make a troublesome decision is thru a analysis . So let’s examine the pros and cons of getting a web MBA vs. those of an on-campus master’s in business administration degree.
Online MBA Pros
The biggest reason that a lot of students choose a web MBA is flexibility. Unlike traditional MBA programs, whether full- or part-time, most online graduate business degrees allow you to figure on your own time, from anywhere. While some classes could also be synchronous, most online MBAs are incredibly flexible.
This learning environment is right for working professionals who don’t want to quit their already lucrative jobs or satisfying careers to bolster their education. It’s also perfect for college kids with other family responsibilities and obligations, like spouses and youngsters .
f you’re an especially ambitious, self-motivated person, you’ll also appreciate the efficiency of a web MBA program.
Most traditional full-time MBA programs take around two years to finish , while part-time MBA programs take around four years. against this , online MBA programs tend to be shorter, starting from a year to 18 months in many cases. Quantic’s MBA is simply 10 months and therefore the EMBA takes 12 months to finish .
Online MBA programs also tend to be more technology-driven, which successively can assist you develop your own technical acumen and understanding of the digital marketplace.
For example, Quantic’s interactive software offers interactive feedback every eight seconds and allows you to figure at your own pace during a mobile-first online environment. This fluid-yet-structured approach to learning customizes your educational experience as you go along.
Online MBA Disadvantages
One disadvantage of a web MBA program may be a lack of in-person community and connection. Students often enjoy in-person conversations with peers and instructors, whether in terms of educational collaboration or socializing.
Another common objection to a web MBA may be a smaller pool of networking contacts. Most brick-and-mortar graduate business programs offer hour networking events, Q&As, and career fairs throughout the year. Many potential online business students worry they could miss out on these crucial opportunities to launch their careers and expand their professional circles.
Quantic’s online MBA addresses this common problem proactively in 3 ways .
Online network and collaboration
Students connect with peers round the world via our interactive network. Ambitious, driven people from 80 countries and counting…
You and your cohorts will move along your curriculum sequence together, actively collaborating on group projects, case studies, and assignments as you go.
“Extracurriculars” and social events also are available in Quantic’s MBA. Virtual and in-person meetups, both online and round the world, will allow you to rub shoulders together with your classmates, instructors, and established alumni students.
The Executive MBA also offers multiple weekend-long conferences held in cities round the world. These conferences provide opportunities for college kids to satisfy face-to-face with peers during workshops, case studies, and meetings with local business leaders. Recent conferences were held in Washington, DC, Dublin, and Singapore.
Traditional On-Campus MBA Pros
Traditional on-campus MBA programs often appeal to students who need or need a little more structure and hands-on guidance. Students just out of an undergraduate business program, for instance , might prefer the extra in-person attention offered by a brick-and-mortar school, also because the familiar daily routine of face-to-face classes.
Brick-and-mortar business schools even have the chance to supply more bells and whistles when it involves activities, facilities, and clubs. If you’re keen on the thought of getting along side your cohorts hebdomadally for dinner, for instance , or catching up together with your colleagues at the on-campus gym, the community of an on-campus environment could be more your style when selecting an MBA program.
Traditional On-Campus MBA Disadvantages
Of course, the foremost significant disadvantage of on-campus MBA programs is that the lack of flexibility.
If you’ve got a family reception , existing business obligations, or a burgeoning career, it are often difficult to justify starting a full-time MBA program. Even part-time MBA programs are often draining, as you’ll need to work your schedule around theirs (not the opposite way around) and possibly combat a frustrating commute.
On-campus MBA programs often also lack the cultural and demographic diversity of online programs. On-campus MBA students tend to be younger on the average , for instance , and there aren’t as many international students at any given on-campus program.
Working alongside and learning from diverse colleagues can assist you build your cultural competency, leadership, and collaboration skills. It also can position you to require on an increasingly global marketplace with more confidence and finesse.
Online MBA vs Traditional MBA Comparison (table)
Now, let’s get right down to the nitty-gritty details of how an on-campus MBA program differs from a web MBA with a point-by-point comparison of typical student demographics, average tuition cost, average salary growth after graduation, and more.