The cost of a traditional, on-campus MBA is substantial – ranging from £20,000 to £30,000 per year. Fortunately, there are now alternatives – such as online MBA programs that allow you to study full-time while working part-time or even full-time. These programs are open to anyone, anywhere in the world, and don’t necessarily require previous work experience. The only condition is that you have to have a stable internet connection and a computer/laptop to access the materials. If these are available to you, then online MBA programs are the perfect alternative to a traditional, on-campus program.
Why Go Online?
A hybrid online/on-campus MBA allows you to combine the benefits of an accredited MBA program with the flexibility of an online learning platform – such as Google Classroom or Coursera. The courses are delivered entirely online, which means you can study from anywhere in the world. You will need to ensure you have a reliable internet connection, though, as there are no face-to-face interactions with your teacher. These are completely online degrees, which, as the name suggests, means they can be accessed from anywhere with an Internet connection.
The advantage of an online MBA is that you can work effectively whilst studying. Many of the courses are designed to be flexible enough to fit around your existing professional schedules – which could mean you are able to fit studying into the evenings or weekends. This could give you the opportunity to increase your productivity at work and make more money.
If you’re looking to advance your career or want to switch careers, then an online MBA is the perfect stepping stone. The courses are flexible enough to fit around your existing work and family commitments, and can be tailored to fit within your existing skillset.
The only condition is that you have to be prepared to put in the work – as you will be studying independently and there are no tutors or professors available to provide direct one-on-one support. Google Classroom and Coursera are two of the most popular online learning platforms, and both of these platforms have a large number of accredited courses that you can pursue to gain an MBA.
An online MBA can be a costly investment, but the cost efficiency is notable. This is mainly because of the increased flexibility that comes with studying online. You won’t necessarily need to make major purchases – such as furniture or computers – and you won’t necessarily need to commit to living in certain areas, as you can study from anywhere. The additional benefit is that you don’t necessarily need to live in a large city to access a good range of courses – which could make it more affordable for you to study.
The downside is that you have to be prepared to work hard. You will be required to study for a certain number of hours each week, and many of the courses are designed to be flexible enough that you can fit them around existing commitments. However, as a rough guide, you could expect to study 30 to 40 hours per week, gaining approximately 110 to 140 credits worth of learning per week.
An online degree is, in theory, much more scalable than a traditional, on-campus program. This means that you can continue to study even after the initial period of full-time study has ended. You won’t necessarily need to stop studying once you’ve graduated, as you can continue to gain credits through professional experience and further study (post-graduate degrees and/or further studies).
The advantage of an online degree is that you can continue to study even after the initial period of full-time study has ended. You won’t necessarily need to stop studying once you’ve graduated, as you can continue to gain credits through professional experience and further study (post-graduate degrees and/or further studies). In some instances, you could even start your own company and use the credentials to find a workforce that fits within your existing skillset.
If you’re looking to further your education, advance your career, or change careers entirely, then an online MBA is the perfect choice. The courses are designed to be accredited in multiple jurisdictions, which means that you won’t necessarily need to seek work in only one location. You can gain an accredited MBA anywhere in the world – provided you have a stable internet connection.
The advantage of an online MBA is that you can gain an accredited MBA anywhere in the world – provided you have a stable internet connection.
There are numerous benefits to studying a traditional, on-campus MBA. First of all, you will become familiar with the inner workings of a traditional university. You will have a good idea of what to expect, and will be able to network with other students and potential employers. The location of a traditional university close to your home means you could plan your studies around existing commitments – such as family and friends – and gain valuable skills that can be useful in your existing role.
The benefit of an online MBA is that it allows you to tailor your studies to fit your existing schedules. If you work full-time, then you could study at night – gaining valuable skills whilst still being able to contribute to your job. The location of an online university can be chosen by you – meaning you don’t necessarily need to commit to living near a traditional university. This could make it more convenient for you to study.
The flexibility of an online degree could mean you are able to fit studying around existing work schedules – particularly if you have young children. If you have children, you might want to consider the co-sleeping option – where they sleep alongside you in bed and get to experience the joys of parenthood. You could even take turns sleeping, so your partner gets a break whilst still being able to contribute to the work of rearing your child.
Of course, these are all just suggestions. Each individual’s circumstances are different, and you need to do your own research to find the best option for you. Still, these are all interesting options to consider if you are looking to further your education or career.