Wednesday, 3 September 2014
Earn More With an Online MBA Program
Many of you aspiring to get a MBA, while working, may have been postponing the process due to lack of time or financial constraints. Some of you may also have explored the online MBA program option but may not have pursued it due to various reasons like accreditation, value of the program etc. These doubts and worries are justified. After all, online MBA programs, while having been present for more than 10 years, are still largely unranked and unwritten. That's because the data used to rank the regular full-time MBA programs isn't viable for online programs.
That being said, it has to be understood that online Masters in Business Administration programs are one of the better ways to enhance your existing work experience and educational qualifications in order to work with large corporate and earn more money. So, if you are determined to fulfill your dream of making a success out of your career with an online Masters in Business Administration program, then there are a few things you need to keep in mind while choosing the best program out there.
Things To Keep In Mind While Selecting An Online MBA Degree Program
Accreditation: When you'll be spending money and time on getting an MBA degree online, it's best that you ensure the school is accredited. Most corporate look for AACSB accreditation, which is also the oldest accreditation board for schools offering MBA programs. In terms of online MBAs, an AACSB accreditation spells high-caliber syllabus taught by experienced regular faculty that teaches at the regular B-school. It also means frequent teacher-student interaction, and a well-designed, rigorous admission process. Most B-schools with online MBA programs and AACSB accreditation will require a good GMAT score. If you have a post-graduate degree or over 8 years of managerial experience, you don't have to give GMAT.
The 2nd most sought after accreditation behind AACSB is regional board accreditation recognized by the federal government. These include Higher Learning Commission (HLC) or the North Central Association of Colleges and Schools (NCACS). Many Midwestern Unis. offer these accreditations, but not all accrediting boards are legitimate. So the best way to make sure that the B-school's accreditation board is legit is by checking it at the database of accreditation found on Department of Education's website or at GetEducated.com.
Recruiters' Wishes: Having an online MBA degree is only worth if recruiters recognize and approve it. If you enroll for an online MBA program, make sure it is admired by headhunters and HR managers at corporate houses you wish to work with. One way to find out if your online MBA is worth anything is by calling up the HR department of the companies you wish to work at and asking them whether they are open to hiring online MBA grads and if so, which business schools are the ones they recommend. According to most head hunters, the most recognized and desired MBAs are those that come from the following AACSB accredited schools - Indiana University, the Thunderbird School of Global Management, the University of Wisconsin, the Pennsylvania State University, and the Arizona State University.
So go on...start searching for your desired online MBA program now.
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