Earn Your MBA via Online Degree Programs
MBA Online
Business people worldwide seek out the MBA degree, but most in today’s society don’t have time to return to college to earn it. Instead they go online, register, pay tuition, attend classes and take tests, all from their own private studies or comfortable living rooms. Nor do they suffer the lack of any amenities available to campus students as even libraries are available 24 hours a day. These folks set their own schedule and soon find themselves earning promotions and raises. You can join their ranks today.
MBA, the coveted business degree
The MBA, which stands for Master of Business Administration developed first in the U.S. as business people looked for more scientific methods for managing their businesses. In the 20th century, European schools joined in and developed additional variations of the MBA degree, often using the US programs as models. Today, universities around the globe offer MBA programs to students looking to stand out in their business.
MBA candidates learn multiple aspects of business
The MBA degree is one of the best, most comprehensive of all degrees because students learn about business from nearly any imaginable angle, including things like economics, marketing, accounting, finance, operations management, international business, information technology management, project management, and government policies, just to name a few. Often students take a range of required courses in the first year or two and then narrow down their curriculum to a business aspect that most interests them. Full time students often pursue internships as well, as such programs provide them with real life situations where they can practice their developing skills.
Time commitment to achieve your MBA
The full time MBA program is typically a two year program which sometimes requires the student to be employed at least part time. In this way, the student can make use of business skills and strategies as they are learned. It is also possible to take an “accelerated” program which is completed in 18 months, but this involves a heavier MBA course load and is not practical for everyone. Furthermore, if one already has at least 10 years of work experience, the Executive MBA may by obtainable. The EMBA is actually designed for a student to continue working full time in a management position while completing the degree.
Those who have the MBA are given opportunities ahead of those who don’t
There is no typical or cookie cutter MBA as universities all over the world have designed their own programs. Furthermore, an individual student can design his or her own MBA with a chosen focus. However, the U.S. MBA is respected and highly desirable around the world. Students from all over the world come to American universities—or take advantage of the online programs, to acquire the MBA. In fact, a study conducted by the U.S. Department of Education showed that MBA students in the United States alone are more diverse than students in any other graduate program.
Like the job opportunities, salaries are attractive. According to The College Journal, MBA 2006 recent graduates with almost no experience often receive an annual salary of $68,399 along with a signing bonus of $10,736. Once you have some experience, you can expect an average salary of $92,360 and a signing bonus of $17,603, not to mention the year-end bonuses often given to highly qualified professionals. Furthermore, Business Week tells us that these salaries are likely to increase in the future, allowing you to recover the costs of your tuition in as little as 3 to 5 years.
Average Salaries—for people with an MBA degree
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Accounting: $63,210
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Economist: $70,000
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Finance: up to $200,000 with experience and the right clientele
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Consulting: $88,000
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Management: up to $800,000 for CEOs of major companies. These are the “highly compensated employees” that often make the news.
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Marketing: from $60,000 to $140,000, depending on the size of the company
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Sales: $40,000 and up. There is actually no ceiling for general sales. Sales in specific categories such as insurance, for example, range from $30,000 to $500,000. Many of these positions are commission based which means your income is directly in your control.
Choosing your MBA program
Not everyone can complete an MBA though online study and hold down a job at the same time. If you have family obligations, your goal is even more challenging. However, if you are focused, prepared to make sacrifices, and have your family fully in your support, you should be able to earn your MBA. The following items should be reviewed when considering an online program.
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Accreditation: both institutional and program specific
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Admission standards: can anyone get in if they have money, or are there some pre-requisites and recommendations required.
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Cost/available financial aid/employer compensation
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Career placement assistance; will the college help you find your next position?
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Faculty: try to locate a school with faculty members who work in a field that is at least related to the one you are interested in.
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Facilities and Resources: availability of virtual library, peer groups, discussion forums, technical support.
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State Regulations and Residency requirements
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Career placement history: how many recent graduates are actually working in the field they trained for.
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