Each year, many started their quest to earn their MBA online. Many started and many had failed. There are many reasons why students drop out from their online MBA courses.
To earn an MBA online, you need more than just hard work. If you register to do your MBA online, then likely you fall into the category of professionals who could not afford or would want to halt your career advancement for the purpose to earn an MBA. The gradual recognition of online MBA course had enable many people to earn their MBA online.
Many would start off their online MBA programs fired up with the greatest enthusiasm. Three months into their course, they start losing interest. They admitted that it is not so easy to earn an MBA online, after all.
LetҀs consider Mr. Aniruddha Gupta, who had started his online MBA course in India. When he started his online MBA program, he was determined to earn his MBA online. After all, it should not be too difficult to earn an MBA online as an online MBA program was supposed to allow you to study at a pace suitable to you and at any time and place convenient to you.
Three months into his online MBA degree program, Aniruddha started to lose interest. He began to doubt if it is indeed possible to earn MBA online as he juggled with his busy professional and personal life.
Many of his colleagues who are in the same quest to earn an MBA online felt the same. As their employers finance their online MBA courses, they were also under tremendous pressure to apply what theyҀve learnt immediately into the job environment.
Aniruddha and his colleagues are not alone. Many people easily loose their interest to earn their online MBA degree. Companies spent thousands of dollars on their employeeҀs online MBA degrees only to find that the online course had became a burden on both the employer and employee.
However, there are some skills and success tips that can help you stay on course. All students who enrolled in an online MBA school have different set of skills. If you wish to succeed in earning your online MBA, you will need some basic skills that is common to all those who have succeeded in earning their online MBA.
What are these skills? The first of these skills that is essential to help you succeed to earn your online MBA is the Quantitative Skills. No doubt that many online MBA degrees had began to put more emphasis on the soft skills, the quantitative skills of online MBA courses is still one of the most important elements.
The expectancy of the required level of mathematical knowledge may differs between the different online MBA universities or colleges. Some of these online MBA colleges may require that you have some basic knowledge in statistics before enrolling on the online MBA course. One important point remains, that is, you need to have good grasp of mathematical concepts if you were to earn you online MBA.
When you have decided to earn your MBA through an online course, you have to be prepared to adapt to technological changes. Most online MBA colleges expect that you have your own laptop, or a computer at the minimum. Connecting to the internet on slow speed connection can be very frustrating especially when you are meeting datelines. To make your journey to earn your online MBA smoother, perhaps investing in a good performance computer and internet connection may be worthwhile compared to the time that may be wasted to log on into the online MBA university system.
Many students who had started their quest to earn an MBA online had the misconception that online MBA courses mean that you do not need to work with other students. In fact, the lack of networking among students are one of the main reason why many students still prefer to earn their MBA through the traditional classroom ways rather than through online.
One way how online MBA universities overcome this weakness is to use student cohorts model or to split into student teams. This is also one way how the online MBA colleges could mimick the actual business environment in the online MBA classes. There are also other online MBA courses that have team-building exercises built into their program. This could take place during orientation or some limited residency at the campus.
The message is clear. You cannot work alone in earning your MBA online. In fact, you should not. Working alone to earn your MBA online deprived your chances of networking with others. Networking is an important element in your future career. To be successful in your online MBA course, you need to be a good team player.
In an online MBA course, student teams may be formed for the purpose of completing one group projects. They could also remain for the multiple courses. If you have tried working on group projects before, you will realise how difficult it may be for the team to be cohesive. This all translates to additional time commitment. This is one of the reasons why many students could not catch up and failed to earn their MBA online.
While the above are some essential skills that you may need to earn your MBA online, there are additional tips to help you succeed in your online MBA courses.
The first of these tips is that you should estimated and plan for the time required to earn your MBA online. Generally, each online MBA course may require 10 to 15 hours per week of self-study. This of course depends on whether you have some background knowledge on the subjects.
We know we have mentioned this before, but we need to drive this message across. It is very frustrating to constantly face problems with slow internet connection or anything related to your computer. Invest in a good computer system. Compare the cost of the computer system to the cost that you are investing in your online MBA course. Spend that few hundreds more dollars. It will help to make your journey smoother to earn your MBA online.
You should try to create a study section in your home for the purpose of studying for your online MBA course. This study section should help you focus and get the least disturbance from your spouse, kids and pets. Staying focused on your goal is the most important elements to earn your MBA online.
Set up a daily timetable on how many hours to spend on your online MBA study. You should also make it a habit to log on into the online MBA university server to check on new messages at least 3 to 5 days per week. Use a weekly and monthly planner to record project datelines. Learn to prioritize and budget your time. Establishing a consistent and ongoing study rhythm will definitely help you to earn your MBA online.
Everyone has their own style of learning. You need to know which style best fit you to earn your MBA online. Some study better at night, some at the wee hours in the morning. Some could not take pressures that well and should plan their study well in advance of project datelines. Others needed the adrenalin rush to feel motivated. Whatever your style, use a format that is best suited to you.
Before you even started your online MBA courses, familiarize yourself with the online MBA college systems. If you use softwares, be conversant. Many online MBA college provide online tutorial on how to use their system to earn your MBA online. Some schools have orientation to introduce the systems to their students. Do not skip those orientation. It was organized to help you earn your MBA online. You have paid for it, anyway.
You should also take your own notes from online lectures and have them in organized. Participate in online discussion and keep notes of anything worth remembering. Online MBA courses allows you to learn among your peers. Most of those who are enrolled in the Online MBA course have relevant working experience to share. Tap into their knowledge.
Many of those who wanted to earn an MBA online had also failed because of lack of support from their employer and family. Make it known to people around you that you are pursuing an online MBA course. Make them understand how important it is for you. Help them understand the benefits of earning your MBA online on the future family income and the contribution that you could make to the growth of the company. DonҀt be shy to ask for support from your peers and faculty.
Finally, take your online MBA course seriously. You are going to invest a huge sum of money and time on the online MBA degree. Be serious about it, why shouldnҀt you? Final note, try to complete your online MBA course within the shortest duration possible. It may not be easy to earn your MBA online, but then again, who said that it is easy? Good luck!
Showing posts with label Online MBA Course. Show all posts
Showing posts with label Online MBA Course. Show all posts
Thursday, September 11, 2008
Monday, April 28, 2008
Online MBA Course
Many working professional would like to pursue their MBA education but could not find time to attend full-time or part time classes. One of the options available to them now is to pursue an online MBA course. There are many online MBA courses around.
An online MBA course allows you to study at any time or at any place that is convenient to you. There are also some online MBA courses or distance learning MBA that requires minimum residency and face-to-face meeting with other students and faculty.
Online MBA course is not suitable for everyone. There are some students who had enrolled in an online MBA course only to criticise the online MBA university strongly. Others had excelled and given many positive reviews. If you would like to pursue your MBA online, then we suggest that you do a self-assessment to determine if an online MBA course is really suitable for you.
Perhaps, the first question that you should ask yourself is, why pursue an MBA. Different people pursue an MBA for different reason. Some pursue an MBA to be promoted. Others pursue an MBA to advance in their career. There are also those who pursue it just for the sake of getting business knowledge. If you are clear with why you wish to pursue an MBA, then the chances is higher that you will be able to determine if doing an online MBA course is really suitable for you.
No matter what your decision, it is undeniable that technology advancement had totally changed the way we do things. This includes the sphere of MBA education. Many online MBA universities had been able to deliver quality MBA education equivalent to those delivered full-time or part-time. Online MBA graduates get the same privilege and salary compared to other MBA graduates from executive MBA, full-time MBA or part-time MBA programs. If you can pursue an MBA degree online, why would you want to pursue it at part-time or full-time basis?
Benefits of Online MBA Courses
There are many benefits from a MBA degree. It is proven that MBA graduates have the skills to identify, analyse and resolve management and business problems. MBA graduates also have the skills to lead and manage people. In the pursuit of the online MBA course, students also form life-long professional relationship with other student, which is an important business networking.
All online MBA universities have as its fundamental aim, the teaching of analytical skills. Skills developed range from simple problem in human resource to important investment decision involving huge sums of money. Many employer who had employed MBA graduates had given feed-back that the attributes they were most satisfied with the graduates are their analytical skills.
Online MBA courses also trained its student the people skills, which is sorely lacking in many managers nowadays. People skills related to human resource is hard to teach. Hence, if you are looking for an online MBA course, look for one which its curriculum provide detailed training on human resource and people skills development. It is not surprising to find that more and more time of a manager is spent on resolving human-related issues within the working environment.
One of the major benefits of pursuing an MBA is the business networking developed while pursuing their online MBA courses. This is one aspect of online MBA course or distance learning MBA programs sorely lack. Some online MBA university attempted to overcome these weaknesses by having group project or limited residency hours. While attending campus classes may have destroy the purpose of doing an MBA online, it may actually be good to the networking process. This is something that you will have to think about before you jump on board the many who are pursuing their online MBA courses.
How to Choose the Right Online MBA Course
Choosing the right online MBA program is not an easy task. This is all the more true with so many online MBA universities offering online MBA courses. No two MBA programs are exactly the same as the other, and you should carefully scrutinize through the curriculums.
The timing and schedule of the online MBA course is also another important factor to consider. To earn an MBA online is a long-term commitment. Your lifestyle will definitely be affected. Then there is also the aspect of financing your online MBA course.
Accredited Online MBA Courses
You may also want to ask yourself if getting an online MBA that is accredited is important or not. It may not be important to you now, but what about the future? There are many accrediting agency for online MBA program.
If you are residing in the U.K. or Europe, then perhaps getting an AMBA accredited MBA program will be important to you.
The Association of MBAs, or commonly known as AMBA in short, was formed in 1967. Today, AMBA accredits MBA programs not only in the U.K. and Europe, but worldwide. The AMBA accreditation is recognized worldwide as a global standard of a good and quality MBA program.
When you graduate from an AMBA accredited online MBA program, you are entitled to join AMBA membership that has more than 9000 members living in 88 countries. This is a great way to develop you networking.
In accrediting an online MBA course, AMBA looks at the following factors: The college or university offering the online MBA course; the faculty; the students; the assessement, and the curriculum of the online MBA course. There are also other factors such as language, library and computer facilities.
Accreditation of the online MBA course by AMBA is not life-long. The accreditation has to be re-accredited after a maximum period of 5 years.
The followings are some of the universities that have been accredited by AMBA that has also been ranked highly by Financial Times 2008:
MBA at Open University Business School, UK
Global Distance Learning MBA at Henley Management College, UK
MBA at Manchester Business School, UK
The Warwick MBA by Distance Learning at Warwick Business School
MBA in International Management, Royal Holloway, University of London, UK
The Durham MBA, Durham Business School, UK
Distance Learning MBA, Bradford School of Management, UK
Strathclyde Flexible Learning MBA at University of Strathclyde Business School, UK
eMBA and MBA Oil and Gas Management at Aberdeen Business School, Robert Gordon University, UK
The Surrey MBA at University of Surrey, School of Management, US
Euro*MBA at Euro*MBA Consortium in France, Netherlands, Poland, Spain & Germany
MBA (Distance Learning) at Aston Business School, Aston University, UK
If you are residing in U.S. or Canada, then perhaps accreditation from AACSB is more relevant to you. There are many AACSB online MBA course available.
The AACSB International was formed in 1916 and has been accrediting MBA programs since 1919. Upon achieved AACSB accreditation, the business school or institution has to embark on continuous process of accreditation maintenance. This process includes: An annual report of data; An annual summary of strategic management; and a periodic five-year review of strategic progress.
The followings are some top-ranking online MBA courses that is accredited by AACSB:
MBA at Open University Business School, UK
Global Distance Learning MBA at Henley Management College, UK
MBA at Manchester Business School, UK
MBA at Tecnologico de Monterrey, Mexico
The Warwick MBA by Distance Learning at Warwick Business School
MBA at Kelly School of Business, Indiana University, US
Global MBA for Latin American Managers at Thunderbird School of Global Management and Tecnologico de Monterrey, US
Fast Track MBA at Babson College, US
Strathclyde Flexible Learning MBA at University of Strathclyde Business School, UK
One-year Internet MBA at University of Florida, Hough Graduate School of Business, US
Northeastern University Online MBA Program at Northeastern University, US
Global On-line MBA Program at University of Texas at Dallas, US
iMBA at Whitman School of Management at Syracuse University, US
W.P.Carey MBA ր Online Program at Arizona State University, US
Healthcare MBA at The George Washington University, US
MBA Anywhere at Drexel University ր LeBow College of Business, US
UNL Distance MBA at University of Nebraska-Lincoln, US
Global MBA On-Demand at Thunderbird School of Global Management, US
The Surrey MBA at University of Surrey, School of Management, US
Global MBA at IE Business School, Spain
Euro*MBA at Euro*MBA Consortium in France, Netherlands, Poland, Spain & Germany
MBA (Distance Learning) at Aston Business School, Aston University, UK
Thunderbird and Indiana University ր Kelley Direct MBA/M-GM Dual Degree at Thunderbird School of Global Management and Indiana University, US
Rankings of Online MBA Course
One of the most recognised rankings of online MBA courses are those established by the Financial Times. The Financial Times ranked MBA programs, including online MBA courses on yearly basis.
Each year, the criteria used to rank the online MBA courses are different. For example, the Financial Times uses the following indexes for their ranking: weighted salary of MBA graduates; salary increase; value for money; aims achieved; placement success; employed at three months; and a few other indexes.
Salary of Online MBA graduates
The salary of online MBA graduates depend more on just the program that they graduated from. It also depends on other factors such as years of working experience, seniority, economic outlook, geographic location, the industry and others. An online MBA course from a branded MBA schools seem to provide a higher salary compared to others.
The followings are salaries of MBA graduates from the top 20 rank MBA schools:
Indian School of Business USD169355
Stanford University GSB USD167225
University of Pennsylvania: Wharton USD165859
Columbia Business School USD165123
Harvard Business School USD162316
MIT: Sloan U.S.A. USD155160
Ceibs China USD154144
Dartmouth College: Tuck U.S.A. USD151673
IMD Switzerland USD150775
University of Chicago GSB U.S.A. USD148978
University of Cape Town Graduate School of Business South Africa USD148975
Insead France / Singapore USD146878
London Business School U.K. USD144918
UCLA: Anderson U.S.A. USD140058
University of Oxford: Sad U.K. USD139684
New York University: Stern U.S.A. USD137548
Yale School of Management U.S.A. USD136318
Northwestern University: Kellogg USD135646
Cranfield School of Management USD134125
UC Berkeley: Haas U.S.A. USD131830
Financing Your Online MBA Course
To earn an online MBA takes more than just time commitment and a change of lifestyle. It also entails much financial commitment. In the U.K. and U.S., the cost of an online MBA course is more than the average wages. The cost of an Online MBA course may be as cheap as $8,000 and as expensive as $60,000. The average cost of an online MBA course is $40,000.
There may be other cost involved too, such as the course of buying textbooks and course materials. Some online MBA course also requires that you spend some residency at the campus.
There are however, many ways how you can finance your online MBA course. Many MBA students had got their employer to finance their online MBA course. Since you are able to apply immediately to work what you have learnt, this may be a factor to persuade your employer to finance your online MBA course.
There are also other financial aid that you can consider. These include: grant/scholarship; loan, and taking up fellowships.
To conclude, the advancement of technology had certainly changed the way how MBA education is being delivered. Furthermore, since doing an online MBA course have the same outcomes and results compared to earning your MBA in a part-time or full-time course, you should give it some serious thoughts on pursuing in on online basis.
There are many universities and colleges that are offering online MBA courses. You should leave your choice open and look at as many options as possible.
An online MBA course allows you to study at any time or at any place that is convenient to you. There are also some online MBA courses or distance learning MBA that requires minimum residency and face-to-face meeting with other students and faculty.
Online MBA course is not suitable for everyone. There are some students who had enrolled in an online MBA course only to criticise the online MBA university strongly. Others had excelled and given many positive reviews. If you would like to pursue your MBA online, then we suggest that you do a self-assessment to determine if an online MBA course is really suitable for you.
Perhaps, the first question that you should ask yourself is, why pursue an MBA. Different people pursue an MBA for different reason. Some pursue an MBA to be promoted. Others pursue an MBA to advance in their career. There are also those who pursue it just for the sake of getting business knowledge. If you are clear with why you wish to pursue an MBA, then the chances is higher that you will be able to determine if doing an online MBA course is really suitable for you.
No matter what your decision, it is undeniable that technology advancement had totally changed the way we do things. This includes the sphere of MBA education. Many online MBA universities had been able to deliver quality MBA education equivalent to those delivered full-time or part-time. Online MBA graduates get the same privilege and salary compared to other MBA graduates from executive MBA, full-time MBA or part-time MBA programs. If you can pursue an MBA degree online, why would you want to pursue it at part-time or full-time basis?
Benefits of Online MBA Courses
There are many benefits from a MBA degree. It is proven that MBA graduates have the skills to identify, analyse and resolve management and business problems. MBA graduates also have the skills to lead and manage people. In the pursuit of the online MBA course, students also form life-long professional relationship with other student, which is an important business networking.
All online MBA universities have as its fundamental aim, the teaching of analytical skills. Skills developed range from simple problem in human resource to important investment decision involving huge sums of money. Many employer who had employed MBA graduates had given feed-back that the attributes they were most satisfied with the graduates are their analytical skills.
Online MBA courses also trained its student the people skills, which is sorely lacking in many managers nowadays. People skills related to human resource is hard to teach. Hence, if you are looking for an online MBA course, look for one which its curriculum provide detailed training on human resource and people skills development. It is not surprising to find that more and more time of a manager is spent on resolving human-related issues within the working environment.
One of the major benefits of pursuing an MBA is the business networking developed while pursuing their online MBA courses. This is one aspect of online MBA course or distance learning MBA programs sorely lack. Some online MBA university attempted to overcome these weaknesses by having group project or limited residency hours. While attending campus classes may have destroy the purpose of doing an MBA online, it may actually be good to the networking process. This is something that you will have to think about before you jump on board the many who are pursuing their online MBA courses.
How to Choose the Right Online MBA Course
Choosing the right online MBA program is not an easy task. This is all the more true with so many online MBA universities offering online MBA courses. No two MBA programs are exactly the same as the other, and you should carefully scrutinize through the curriculums.
The timing and schedule of the online MBA course is also another important factor to consider. To earn an MBA online is a long-term commitment. Your lifestyle will definitely be affected. Then there is also the aspect of financing your online MBA course.
Accredited Online MBA Courses
You may also want to ask yourself if getting an online MBA that is accredited is important or not. It may not be important to you now, but what about the future? There are many accrediting agency for online MBA program.
If you are residing in the U.K. or Europe, then perhaps getting an AMBA accredited MBA program will be important to you.
The Association of MBAs, or commonly known as AMBA in short, was formed in 1967. Today, AMBA accredits MBA programs not only in the U.K. and Europe, but worldwide. The AMBA accreditation is recognized worldwide as a global standard of a good and quality MBA program.
When you graduate from an AMBA accredited online MBA program, you are entitled to join AMBA membership that has more than 9000 members living in 88 countries. This is a great way to develop you networking.
In accrediting an online MBA course, AMBA looks at the following factors: The college or university offering the online MBA course; the faculty; the students; the assessement, and the curriculum of the online MBA course. There are also other factors such as language, library and computer facilities.
Accreditation of the online MBA course by AMBA is not life-long. The accreditation has to be re-accredited after a maximum period of 5 years.
The followings are some of the universities that have been accredited by AMBA that has also been ranked highly by Financial Times 2008:
MBA at Open University Business School, UK
Global Distance Learning MBA at Henley Management College, UK
MBA at Manchester Business School, UK
The Warwick MBA by Distance Learning at Warwick Business School
MBA in International Management, Royal Holloway, University of London, UK
The Durham MBA, Durham Business School, UK
Distance Learning MBA, Bradford School of Management, UK
Strathclyde Flexible Learning MBA at University of Strathclyde Business School, UK
eMBA and MBA Oil and Gas Management at Aberdeen Business School, Robert Gordon University, UK
The Surrey MBA at University of Surrey, School of Management, US
Euro*MBA at Euro*MBA Consortium in France, Netherlands, Poland, Spain & Germany
MBA (Distance Learning) at Aston Business School, Aston University, UK
If you are residing in U.S. or Canada, then perhaps accreditation from AACSB is more relevant to you. There are many AACSB online MBA course available.
The AACSB International was formed in 1916 and has been accrediting MBA programs since 1919. Upon achieved AACSB accreditation, the business school or institution has to embark on continuous process of accreditation maintenance. This process includes: An annual report of data; An annual summary of strategic management; and a periodic five-year review of strategic progress.
The followings are some top-ranking online MBA courses that is accredited by AACSB:
MBA at Open University Business School, UK
Global Distance Learning MBA at Henley Management College, UK
MBA at Manchester Business School, UK
MBA at Tecnologico de Monterrey, Mexico
The Warwick MBA by Distance Learning at Warwick Business School
MBA at Kelly School of Business, Indiana University, US
Global MBA for Latin American Managers at Thunderbird School of Global Management and Tecnologico de Monterrey, US
Fast Track MBA at Babson College, US
Strathclyde Flexible Learning MBA at University of Strathclyde Business School, UK
One-year Internet MBA at University of Florida, Hough Graduate School of Business, US
Northeastern University Online MBA Program at Northeastern University, US
Global On-line MBA Program at University of Texas at Dallas, US
iMBA at Whitman School of Management at Syracuse University, US
W.P.Carey MBA ր Online Program at Arizona State University, US
Healthcare MBA at The George Washington University, US
MBA Anywhere at Drexel University ր LeBow College of Business, US
UNL Distance MBA at University of Nebraska-Lincoln, US
Global MBA On-Demand at Thunderbird School of Global Management, US
The Surrey MBA at University of Surrey, School of Management, US
Global MBA at IE Business School, Spain
Euro*MBA at Euro*MBA Consortium in France, Netherlands, Poland, Spain & Germany
MBA (Distance Learning) at Aston Business School, Aston University, UK
Thunderbird and Indiana University ր Kelley Direct MBA/M-GM Dual Degree at Thunderbird School of Global Management and Indiana University, US
Rankings of Online MBA Course
One of the most recognised rankings of online MBA courses are those established by the Financial Times. The Financial Times ranked MBA programs, including online MBA courses on yearly basis.
Each year, the criteria used to rank the online MBA courses are different. For example, the Financial Times uses the following indexes for their ranking: weighted salary of MBA graduates; salary increase; value for money; aims achieved; placement success; employed at three months; and a few other indexes.
Salary of Online MBA graduates
The salary of online MBA graduates depend more on just the program that they graduated from. It also depends on other factors such as years of working experience, seniority, economic outlook, geographic location, the industry and others. An online MBA course from a branded MBA schools seem to provide a higher salary compared to others.
The followings are salaries of MBA graduates from the top 20 rank MBA schools:
Indian School of Business USD169355
Stanford University GSB USD167225
University of Pennsylvania: Wharton USD165859
Columbia Business School USD165123
Harvard Business School USD162316
MIT: Sloan U.S.A. USD155160
Ceibs China USD154144
Dartmouth College: Tuck U.S.A. USD151673
IMD Switzerland USD150775
University of Chicago GSB U.S.A. USD148978
University of Cape Town Graduate School of Business South Africa USD148975
Insead France / Singapore USD146878
London Business School U.K. USD144918
UCLA: Anderson U.S.A. USD140058
University of Oxford: Sad U.K. USD139684
New York University: Stern U.S.A. USD137548
Yale School of Management U.S.A. USD136318
Northwestern University: Kellogg USD135646
Cranfield School of Management USD134125
UC Berkeley: Haas U.S.A. USD131830
Financing Your Online MBA Course
To earn an online MBA takes more than just time commitment and a change of lifestyle. It also entails much financial commitment. In the U.K. and U.S., the cost of an online MBA course is more than the average wages. The cost of an Online MBA course may be as cheap as $8,000 and as expensive as $60,000. The average cost of an online MBA course is $40,000.
There may be other cost involved too, such as the course of buying textbooks and course materials. Some online MBA course also requires that you spend some residency at the campus.
There are however, many ways how you can finance your online MBA course. Many MBA students had got their employer to finance their online MBA course. Since you are able to apply immediately to work what you have learnt, this may be a factor to persuade your employer to finance your online MBA course.
There are also other financial aid that you can consider. These include: grant/scholarship; loan, and taking up fellowships.
To conclude, the advancement of technology had certainly changed the way how MBA education is being delivered. Furthermore, since doing an online MBA course have the same outcomes and results compared to earning your MBA in a part-time or full-time course, you should give it some serious thoughts on pursuing in on online basis.
There are many universities and colleges that are offering online MBA courses. You should leave your choice open and look at as many options as possible.
Subscribe to:
Posts (Atom)