So you've decided that you want to undertake an online MBA to further your career prospects and open up new advancement opportunities. What should you look for in a quality program that will ensure you receive the necessary knowledge to assist you in future job opportunities?
Here are three things you should look for in an online MBA program.
1. Affordable Cost
MBA courses can vary greatly in relation to their tuition fees. You need to consider the cost of your chosen course to ensure that it fits into your budget and that you can reasonably pay back the cost of your education without too much financial strain.
Don't automatically go for the cheapest course available if the college doesn't have a good reputation or a proven track record. You want to enroll in a college that is reasonably well known by prospective employers so that your MBA will be well recognized.
You can search online for MBA value rankings to find colleges that have an excellent reputation but which are still affordable. Some colleges will even offer large financial aid packages to help you pay for your tuition.
2. Recognized Accreditation
It's important to ensure that an online MBA degree has the necessary accreditation in order for it to be honored and recognized by the organizations that you may want to work for in the future.
For example, the online MBA programs offered by Rutgers University in New Jersey carry the necessary accreditation. Rutgers Online is a top ranking business school, which is accredited by the Association to Advance Collegiate Schools of Business International (AACSB). In addition, they also offer excellent career services and job placement assistance.
3. Flexible Learning
If you've chosen to study online, it most likely means that you have other life commitments such as a job and perhaps looking after a family. Make sure the MBA program that you choose offers you the flexibility to work around your other obligations.
Most colleges offer their online programs with a high degree of flexibility. You can usually complete your lessons in your own time and can often take a number of years to complete your degree if necessary. Some colleges also offer accelerated learning so that you can finish your degree in as little as one year if you have the available time.
You may also find that colleges offer some of their lectures via live-streaming or video conferencing. You should be aware of these sessions beforehand so you can work out whether they will fit into your current schedule.
From time to time, you may also be required to physically attend classes, as this can be very beneficial to eliminate some of the isolation students often feel when studying at home. Make sure it is feasible for you to get to these classes before you commit to one particular program.
So, when choosing your online MBA program there are primarily three things to consider – affordability, adequate accreditation, and the correct amount of flexibility to allow you to complete your MBA while still fulfilling your current responsibilities. Make sure that you choose wisely and enroll on an MBA that fits these three criteria if you want to increase your chances of success.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.