Applying to the Best Distance Learning MBA Courses
According to TopMBA an MBA graduate should see a benefit of 2 – 3 million US Dollars over their working life; not a bad return on your investment. But not everyone has the time or the money to be able to drop out of work to study or even the required GMAT scores that many of the programs require. One alternative however is to study for your MBA online.
Distance MBA programs allow you to learn at your own pace while still continuing your current employment. Online degrees from reputable schools are today just as accepted as the more traditional taught degrees while being considerably less expensive. Many cost less than $30,000 compared to well over $100k for most brick and mortar establishments and you will still receive a very similar level of education.
Selecting the Right Distance MBA Programs
Going for executive MBA distance learning solutions is no longer as big a gamble as it once was as long as you look for a course that has a good reputation and is accredited. Accreditation means that the content of the program and the way that it is delivered has been assessed and the program has been deemed as being suitable to provide you with your MBA. Accreditation in the US is mainly done through three bodies (AACSB, ACBSP, and the IACBE) and many others internationally. Before you even consider applying to any program you must ensure that it is correctly accredited to provide the MBA degree that you want.
Other areas that you may want to consider are things such as cost; you can find courses that are as cheap as $10k but you should be aware that the better ones will cost you usually between $30k to $50k with some of the more prestigious colleges charging a little more.
Additionally, check out this Stanford MBA curriculum to be ready!
You also need to consider who the faculty are and the teaching methods. There are some course where the teachers are basically just administrators and you are following a largely paper based curriculum with little or no real contact with effective and experienced tutors. You need a course that will provide you with good levels of contact with tutors that are both academically qualified and also experienced within the fields that they teach. If you still have some doubts, see our MBA entrepreneurship choosing guide.
Top 5 Distance Learning MBA Programs
Another area that should always be considered is the ranking of the school that you are applying to. Like traditional MBA degrees if your degree comes from a college that is considered to be highly ranked and prestigious then your degree will hold more weight when it comes to landing a better job or a pay increase. The following are our top 5 distance learning programs for MBA:
As the Best Colleges Web Site says however:
“The quality, status, and popularity of online MBAs continues to rise, with more highly-ranked business schools offering online business degrees every year. However, not all online business degrees are the same. Not only do online MBAs come in a variety of formats, but their quality and prestige vary widely as well. That is why it is important to make a thorough investigation of the different online MBA programs available before choosing one.”
While some courses may require only limited applications and will accept an unlimited number of students they are often not always the best schools. Gaining a place on the better ranked programs will often require more than just sending your money. So you have to do your best and prepare all needed papers.