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Guide to Earning a Top MBA Degree OnlineIf you’re searching for an online MBA degree program, then you’re in luck – literally hundreds are available! The MBA, or Master of Business Administration degree, is among America’s most popular master’s degrees. However, the plethora of schools brings one disadvantage: indecision. How can you choose the best program for your lifestyle and goals? Knowledge is power! Read through our frequently asked questions for basic information and some helpful tips. Elsewhere on our site, you can read about some top MBA programs and peruse descriptions of different MBA concentrations.
FAQ about Online Master of Business Administration (MBA) Degrees
- What is business administration?
Business administration simply refers to running a business. If you enroll in an MBA program, you’ll prepare for duties in one or more of these main business sectors: accounting; finance; human resources; information systems; law; marketing; and operations management. Small companies need an individual administrator to be well-versed in most or all of these areas, but larger companies hire entire administrative staffs.
- How do online MBA programs differ from campus-based programs?
In many ways, online programs and campus-based programs may be indistinguishable. Therefore, some schools, such as the University of Massachusetts Online, do not even note on a transcript that studies were internet-based. When compared with campus-based courses, online courses tend to be taught by the same professors, follow the same curricula, and have testing that’s just as rigorous.
Of course, a significant difference is the convenience offered by distance learning. In many cases, students can learn from anywhere an internet connection is available. Furthermore, if students choose “asynchronous” classes, they have the flexibility of logging into class at any time of day or night. Asynchronous formats let students download lectures and participate in virtual class discussions whenever it’s convenient. However, some online MBA programs require more scheduled participation. For example, a lecture might only be available for live viewing, or students might need to meet in person for group work.
Although an entirely online program might seem preferable at first, some students opt for hybrid programs. Since these include some on-campus learning, they give students the chance to occasionally socialize and network with professors and one another.
- Which online MBA programs are trustworthy?
Fortunately, online MBA programs are offered by many familiar schools such as California State University and the University of Maryland. If you’re considering a lesser-known school in the United States, simply check that it’s accredited by an external body that’s recognized by CHEA, the Council on Higher Education Accreditation. Reputable schools can be found in the CHEA database.
- What are the prerequisites for an MBA program?
MBA programs consider applicants who have already earned a bachelor’s degree. However, the bachelor’s degree needn’t be in business. People from a variety of other fields – such as medicine, psychology, and law – earn MBA degrees too.
- What is considered for admission?
In general, MBA admissions committees consider an applicant’s: academic transcripts; application essays; GMAT (Graduate Management Admission Test) score; letters of recommendation; and relevant work experience. The less competitive schools might not request all of the aforementioned materials. The more competitive schools might also require interviews.
- How long does it take to complete an MBA program online?
If you complete a traditional MBA program on campus, it will typically take two years. Many online MBA programs follow this format, but it’s also common for them to offer accelerated schedules for people aiming to graduate in one year or eighteen months. Accelerated programs generally eliminate long summer breaks and/or require students to take an additional class every semester. Other online MBA programs let people extend their studies over several years.
- What specializations are available in online MBA programs?
Some online MBA programs involve studying many aspects of business. Their lessons can be directly applied to virtually any setting. However, some programs are especially designed for careers in international settings, non-profit organizations, or other specialized areas.
Many MBA programs offer concentrations. These allow students to learn a bit about every subfield of business, but they emphasize accounting, human resources, marketing, or another area. Some of these concentrations are explored in other articles on our site.
Online business schools are also offering joint degrees with other colleges. These enable students to earn an MBA and another degree concurrently, and in less time than it would take if each degree were earned separately.
