Distance education has actually been around for a while now, and isn’t really nothing that new to the MBA world. The first distance-learning programs, as an alternative to standard classroom learning, grew in popularity back in the 1960s. This was accomplished via mail order and teleconferencing, not the convenience of the Internet as we have today.
The Internet has rapidly changed the way education is taught. However, the biggest complaint and set back to virtual classrooms is the lack of actual student interaction that a live group of peers offer. Other setbacks include: keeping the educational programs interesting and updated, and keeping the standards constant throughout the industry.
Numerous post-secondary schools throughout North America now offer online MBAs, and the demand from busy students and professionals is increasing.
In a real-world classroom setting, topic discussions tend to be dominated by the more socially active, outgoing students, while in the online world, there are no obstacles for anyone to participate, as students are able to respond whenever they want from the safety of their computers. Students who were not confident in raising their hands in a real classroom, are now required to participate in an online classroom setting, as the virtual instructors can instantly see who’s responding to online comments.
An MBA’s Initial High Cost Of Tuition And Heavy Commitment Can Pay Off Big
But the obvious payoff is that most of the high profile employers see an MBA as the Gold Standard, and a requisite for most top-level management positions.
Not too long ago, just a B.A. degree was considered the ticket to get one of those upper tier jobs in a large corporation. Now, as competition increases, it seems that an MBA is the standard for a highly sought after position. The main reason is because of the high level of skill and polish that’s taught and accomplished in a MBA program. These assets are directly fundamental to a business setting, and thus valuable to employers.
In regularly conducted surveys, results which ranks and rates MBA programs for quality, shows that just average graduates of MBA programs enjoy significant salary increase after finishing their degrees. The best MBA programs in North America who made the Top 100, averaged anywhere from a 75 to a 98% or higher increase in salary after graduation.
So if you are planning on investing yourself in an MBA, and have the credentials to do so, make sure you do diligent research to see which of the MBA school are regarded the best, and matches your specific program needs.
Make a list of what you’re looking for in an MBA. Calculate the return on investment and time for your chosen online or classroom MBA program.
Most agree that regardless of how the business world or market fares in the short term, the value of getting an MBA will stay high, and the current ‘market meltdown’ should only serve as a wake-up call to post secondary schools. It’s more important now than ever before to have the skills and abilities that an MBA offers.