You may have heard of an MBA, or Master of Business Administration degree. You may have also heard that it can be a good way to advance your career and move up in the world. But what does that mean in terms of actually going to school and getting one? In this article, we’re going to look at what an MBA can do for you and your career, how to acquire one through an Online MBA Program, what are some of the best Online MBA Programs available.
MBA’s are generally geared towards training students in skills that apply to business and management. Skills pertaining to other areas of management, including government, private industry, and the public sector, can also be acquired through getting an MBA. Once you enroll in an MBA program, you’ll go through a core curriculum of courses, including marketing, economics, accounting, and operations. Your own specific interests can be pursued through elective courses. The most popular degree program in the world, an MBA can be a great way to get a leg up on your workplace competition. MBA programs usually last two years, although one-year programs are becoming more common.
If you’re going through a career transition or are looking to move up the corporate ladder, then an MBA might just be the thing you need to make it happen. Any business professional is probably seeking a managerial position, and an MBA equips you with knowledge about a particular industry in order to better qualify you for these advanced positions. In addition, better pay can be another draw for receiving an MBA. OnlineMBA.com reports that the typical entry-level salary of an MBA graduate was $75,513. For more senior graduates, the average salary stood at $177,544.
According to the U.S. News Rankings of the Best Online MBA Programs, Temple University’s Fox School of Business in Philadelphia, PA takes the #1 spot. This program is accredited by the Association to Advance Collegiate Schools of Business, which is considered the most respected form of accreditation. The program starts off with a residency lasting a week, during which students get a chance to network, team build, complete their first course, and engage in professional development. From there the program then continues with HD-quality online videos and interactive conferencing. The Student Engagement ranking sits at #1, and the Student Engagement Score (Indicating instructor responsiveness and student satisfaction) stands at a perfect 100.
The Princeton Review’s #1 Online MBA Program is Indiana University’s Bloomington Kelly School of Business. Quotes from students on PrincetonReview.com say that the “reliable online platform [makes] for a good program, but the faculty are what make the program great.” Further quotes elaborate, saying that the Kelly School of Business, “seeks to utilize all technological assets available and bridge the gap with unique experiential offerings which teach culture, social entrepreneurship, business principles, and consulting skills.” The site also mentions that the “faculty constantly [is] making efforts at improving the program and bridging the gap between online and full-time.” The Blooming Kelly School of Business stood at a still impressive #3 spot on U.S. News’ list.
The #2 spot on U.S. News’ top Online MBA Program rankings was Carnegie Mellon University’s Tepper School of Business, in Pittsburg, PA. Their program combines both on-campus and interactive online learning. This Part-Time Hybrid program allows those students to have the same access to professors and other networking opportunities as on-campus students.
#2 on The Princeton Review’s list went to the University of North Carolina’s Kenan-Flager School of Business. The online program is described as, “a dynamic blend of academic experiences: part asynchronous or self-paced coursework, part synchronous online class sessions, and quarterly three-day, leadership-focused global immersion sessions.”