Online MBA Overview



Just as companies must evolve inorder stay current with emerging technology and industry advancements, businessschools must keep a close eye on their curricula, in terms of relevance,delivery and applicability.  That's whyadvanced business degrees aren't what they used to be.  The world is more tech savvy than ever.  Today's business landscape is implicitlyinternational.  Gone are the days ofstuffy classrooms, confined to the halls of brick-built schools.  Today's MBA programs are necessarily vibrant, dynamic environments.  The classes, the instructors and the studentsare more diverse.  And the advancementsare especially pronounced in online MBA programs,where students learn the principles and skills that will prepare them forbusiness? online reality. 

Whether you're newly entering thefield or building on your undergraduate business experience, you'll find thereare a lot of options open to your course of study.  Within most online MBA programs, you can usually choose to specialize in somespecific arena.  Some examples ofbusiness concentrations are: Accounting, Business Information Systems, Finance,Human Resource Management, International Business and Project Management.  Specializing in an area where you've alreadyamassed some working experience is a great way to improve your overallmarketability. 

Back to business:What are the requirements?

So now you know what you're lookingfor (an advanced online businessdegree); but do you know what schools are looking for in you?  Along with an almost limitless selection ofprograms, you're going to find a range of admissions requirements.  Listed below are some fairly standardprerequisites.  If you're not sure howthey apply to your situation, you should contact the programs you're applyingto directly.  The schools? Admissionsdepartments should be able to walk you through the process, and help youdetermine if the program is a good match. 

?        Bachelor's Degree ? Before you can pursue yourMaster's degree, colleges are going to want to ensure you've successfullycompleted undergraduate coursework.  Someinstitutions will admit applicants with non-business undergrad degrees, butthey may require some additional ?leveling courses,? or courses designed tocatch up the non-business degree students with their classmates. 

 

?        Above Average GPA ? MBA programs want to seethat you did more than just barely pass your undergrad classes.  An above average grade point averagedemonstrates aptitude and tenacity.  Mostschools will require a 2.5 or higher, on a 4.0 scale, but you should make apoint to check individually with your prospect schools. 

 

 

?        Full Time Work Experience ? In recent years, thestatutes have changed on this issue.  MBAprograms used to have stringent work experience requirements, but many arechanging.  Some schools require that youmaintain either full or part-time employment while you are completing their programs.  Again, it's best to check with the schoolsindividually.

 

?        Standardized Tests ? Most schools expect to seeyour Graduate Management Admissions Test (GMAT) scores.  The GMAT is a standardized test that measuresyour verbal, math and analytical writing skills.  The test, which lasts several hours, requiresregistration and can be taken online.

 

?        Essay and Letters of Recommendation ? Thesecomponents of the application are truly yours to control.  With careful planning, drafting andpeer-review, you can compose a topnotch personal essay, which may go a long waytowards influencing an admissions committee. Likewise, you can seek out your most professional supervisors andco-workers to ensure letters of recommendation that really wow the reviewboards. 

 

The cost of doing business:Points to consider

                Ifyou've started investigating onlinebusiness degrees, you already know there's a whole host of options availableto you.  MBA degrees are NOT all the same; different programs are bettersuited to different students.  Somevariables you'll want to consider are:

?        Cost ? How much do you want to spend on your online MBA?  The answer may depend on the reason you're pursingone.  Luckily, you've got a brain forbusiness.  More than most people, youknow about the need to crunch numbers. Remember that it doesn't hurt to shop around, exploring the full gamutof online MBA programs, and thefinancial aid plans they offer.  Yourideal program may not be the most cost-effective, and vice versa, but sellingyourself short has its own hidden cost. Try to keep everything in perspective. 

 

?        Timing ? Different online business schools have different course schedulepolicies.  You may be required to takeclasses in a certain order, or at a certain pace.  The schedule may also be impacted by anydegrees or coursework you've already completed. You'll definitely want to inquire about course transfer policies(whether or not the credits you have under your belt will be recognized by theschool you're considering).  You shouldalso research the progression of the degree path, and make sure it's a schedulethat you can accommodate. 

 

?        Accreditation ? It's important for you to selectan online business degree that hassome form of accreditation ? regional or national.  Accrediting boards have varying criteria, soyou may want to look up the specific guidelines of the boards that haveaccredited your prospect schools.  Whileno board can guarantee how much you'll learn, or how much your career willbenefit, accreditation standards can be good indicators of a program's overallintensity. 

 

?        Online Component ? Exactly how ?online? is your online MBA degree?  The term can sometimes be deceptive.  Some online MBAs are 100% online, meaning allthe requirements can be completed via the internet.  Other programs might require periodic visitsto a physical campus, or attendance at group projects and/or exams.  For obvious reasons, you should be very clearon these requirements before committing to a school.

 

?        Reimbursement potential ? Most employers offersome form of reimbursement for employees who pursue advanced education.  Going back to the question of cost, youshould definitely contact your HR department and find out what portion of thebill they're willing to foot.  Liketraditional MBAs, online MBAs willrequire books and supplies.  You shouldask if these extras are included in your reimbursement package.  You should also be aware of any GPA minimumsyour employer requires.  In many cases,you'll need to earn a B or better to ensure you get paid back. 

About eLearners.com?

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About EducationDynamics

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