After earning an online MBA, business professionals work as managers in finance, operations, business, and marketing, applying the knowledge gained during their graduate degree in the workforce. And many MBA programs offer concentrations in high demand areas, such as project management, international business, supply chain management, and business analytics. Business professionals in any sector can increase their salary potential and qualify for higher level job opportunities by earning an online MBA.
By Helen Trencher For those interested in pursuing a career in corporate management, running their own business or aspire for an executive position with a corner office, attaining an MBA Masters in Business Administration might be the key for higher level, more lucrative employment opportunities see Reference 1.
Setting aside the time, energy, money and effort to earn this degree is challenging; many who do so must weigh the promise of this degree with the difficulties involved in attaining it. You need to choose the school to which you wish to apply, based on its curriculum and "brand recognition.
You must also consider whether you want to attend a local business school or make the extra effort to apply to a top business school, like Wharton or Harvard. This is a rigorous, computer-adaptive exam that assesses verbal, quantitative and analytical writing skills see Reference 4.
Earning a minimum score of is essential if you wish to get into your first choice of MBA program see Reference 5. MBA Costs Choosing the right business school is dependent upon your professional and financial goals.
You must therefore consider whether all the costs you will incur are worth the potential future benefits. In addition to the tuition, you will need to pay for school supplies and computer fees. There might also be travel and living expenses if you are not living at home.
While there are some MBA programs that allow for part-time or online enrollment, many are full-time endeavors.
There is therefore the loss of your full-time salary while you are a student. Challenging Coursework and Academic Preparation Once enrolled and accepted into an MBA program, expect challenging coursework and long hours.
Many courses examine case studies that reflect key principals. The Yale School of Management has taken that many steps further with the use of open-ended, multi-perspective "raw" cases.
Students access, analyze and make informed decisions from thousands of pages of relevant materials. Programs, like those at the Harvard Business School, also require academic preparation before a student can even partake in any MBA coursework.
For example, if these students do not have a basis in finance, accounting or quantitative methods before they matriculate, they may be asked to take additional courses to get up to speed.
Balancing Personal and Educational Obligations There are also the difficulties of balancing your family obligations and keeping up with your studies.
Your spouse might therefore have to be more responsible for the household upkeep and caretaking of any children. In addition, you may also miss important family events because you need to keep up with the rigorous course of study. This could result in stressful situations; hence, take all options into consideration and plan carefully before you pursue an MBA.The Master of Business Administration (MBA or M.B.A.) degree originated in the United States in the early 20th century when the country industrialized and companies sought scientific approaches to management.
The core courses in an MBA program cover various areas of business such as accounting, applied statistics, business communication, business ethics, business law, finance, managerial.
All MBA students are required to take the Graduate Management Admission Test (GMAT), a standardized test that is one of the determining factors for acceptance.
The test is broken into three parts: quantitative, verbal and analytical writing. A: WSU’s online MBA is structured in 7 week increments, with students taking one or two classes at a time and graduating in two years. The program is offered asynchronously, meaning that students can complete coursework at their own pace while following set due dates for assignments.
We know you work hard for your goals and that finances can sometimes be a barrier. We want to help. That’s why we offer The DeVry University Business Edge Scholarship*, an award designed to help our business students get started on the right track – in our TechPath programs**. The average graduate class, on the other hand, has fewer students, and it’s often the case that everyone is expected to vigorously engage in course discussions.
On top of that, postgraduate educators rarely offer lifelines to their students. Indeed, saying “yes” to most opportunities is a temptation that most MBAs succumb to – initially, at least. “Business school is a phenomenal time to take risks and pursue different interests,” says Scott Sowanick, who graduated this spring from the University of Texas’ McCombs School of Business.