Weighing the Pros and Cons of Online MBAs

In the past, some professionals had to enroll in on-campus programs and attend classes after work. Others had to quit their jobs to keep up with class schedules while some postponed further study for years. Today, it is easy for professionals to keep pursuing their business goals while pursuing their MBA online.

Most of the top rated universities run similar MBA programs online to enable busy professionals further their education. Online MBA programs are convenient but they have their pros and cons.

Pros of Online MBAs

The main advantages of an online MBA are as follows.

1. High Standards and Credibility

Institutions of higher learning apply the same standards for their online MBA programs. Hence, students that enroll in AACSB MBA programs online are guaranteed a top quality degree. The curricula and grading schemes are in most case the same for on-campus and online programs. However, online students must enroll in AACSB accredited schools to get a high-quality degree.
2. Reduced Costs

The tuition fee charged for online MBA programs is almost equal to the fees charged for conventional classroom programs. However, students save on other expenses when studying online. For instance, online students do not incur transportation and food costs. Online students access resources online and save on costs of printed materials. In addition, online students save on the cost of accommodation, especially those that enroll in institutions located in other states.
3. Flexibility

Registering for an online MBA program gives a student the freedom to choose the best study time. This flexibility benefits students who want to work, have a vibrant social life, and attain their MBA. With modern technology, it is possible to record online lessons and review them at the most convenient time. In addition, students are not limited to the institution in their area or location. They can enroll in an accredited institution in any part of the world.

Cons of online MBAs

There are, of course, some disadvantages to online study.

1. Limited Physical Interactions

Physical interactions among students and between students and their tutors enhance the learning experience. Online students do not enjoy the benefits of physical interactions with their schoolmates and tutors. Communication technology enables online students to engage in live chats and discussions and teachers can have virtual classrooms online. However, online interactions cannot give the same benefits as face-to-face interactions.
2. Longer Study Periods

The duration of online MBA programs depends on the institution and the student’s preference. Sometimes it takes longer to study online than to attend physical classroom sessions. The flexibility of online studies entices many students to defer some classes to later semesters or years. Consequently, some take longer than necessary to complete their degree programs.

Any business school students that are considering an online MBA program must weigh the pros and cons before enrolling in any institution. Some students have no choice but to study online. With a busy work schedule or pressing family responsibilities, studying online is the only option. In such situations, the most important consideration is the quality of education that an institution offers. The best decision that MBA students can make is to enroll in accredited institutions for both on-campus and online programs.

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