Online MBA programs have come a long way in the recent years, both in terms of quality and reputation.
According to the QS applicant research, 18.3% of candidates consider an online MBA program, while 8.7% of applicants prefer remote MBA courses. Since 2008, there has been a 4.4% increase in the percentage of candidates who prefer an online MBA program.
With the advancement in technology and increased connectivity, online MBA programs have now become equivalent to full-time MBA programs. You can simply plug into the online courses at any time and get the flexibility you require to simultaneously work a full-time job.
Apart from the flexibility, here are a few of the many reasons to go for an online MBA program rather than choosing the traditional path of attending a traditional college.
- Flexibility and Availability
The topmost reason students go for an online MBA program is the accessibility, availability, and flexibility it offers. Online programs allow you to study your courses at your own pace and improve your knowledge without interrupting your career; you will easily be able to work full time while attending MBA classes.
- Uniform Learning Model
According to research conducted by the U.S. Department of Education, learning through online programs provides just as much knowledge as traditional learning methods do. The typical MBA subjects like Finance, HR, Economics, and Marketing are taught exactly the way they are taught in the classrooms – but delivered through your headphones.
- Online Programs Are Cost-Effective
While the traditional classroom-based MBA programs cost around $100,000, online MBA programs average at $100. Moreover, books and resources are available online for free, so you don’t even have to spend money on textbooks and other study aids.
You are even eligible for tuition assistance and financial aid from your employer.
- Online Programs Follow a Dynamic Structure
With the increase in digital technologies over the years, online MBA programs have easily adapted to the various dynamics of education. While updating the courses in paper textbooks can take months or years, doing the same in an online program hardly takes any time.
The online lectures provide you with the most up-to-date information without the need for new materials and textbooks.
- Access to an Audience from Across the World
When you start pursuing an online MBA program, you will have classes with various other students located in different countries and timezones. Over the course of your online studies, you will be a part of live classes where students go through a collaborative learning process along with real-time discussions.
This is one of the greatest benefits – you get access to a network of like-minded alumni and classmates. Additionally, you will always have the benefits of new and innovative ideas, which might help you grow your business.
Traditional MBA programs limit their admissions to 60-70 students per year, while online programs do not have a restriction on their admission numbers. Moreover, they do not focus on your GMAT scores and provide you with a more real-world oriented experience.