A professional with an advanced education is armed with an in-depth comprehension of how businesses manage to succeed in today’s highly competitive global marketplace. Yet in order to advance their careers, educated business professionals must also have work experience in their desired fields of expertise. To ensure that they can progress their education and gain experience, prospective MBA students must make a choice: on-campus vs. online MBA degree programs. By evaluating the benefits of an online MBA vs. an on-campus program, prospective master of business administration students can determine which educational path best suits their career needs.
What Does a Master of Business Administration Degree Offer?
MBA students are at the forefront of business leadership, working as the executives and managerial staff within a variety of organizations. Completion of an MBA program builds upon a baccalaureate level of business knowledge in order to sharpen one’s ability to lead teams and think strategically. The coursework is designed to show professionals how to leverage their own creativity to develop solutions to complex issues. That competency is also complemented by coursework that trains their ability to coordinate people and manage resources appropriately. Therefore, the knowledge picked up during an MBA program has the potential to unlock many professional doors, as graduates may be qualified for a range of management or consulting-based positions at the higher levels of organizations—such as sales, finance, or marketing management—depending on their individual preferences and areas of expertise.
How Does Online Learning Work?
Online learning options have become widely available for professionals in nearly every academic discipline. An online MBA program is usually proctored by faculty members who manage lectures, discussions, and assignments using an online platform. Students are able to communicate freely with their instructors and classmates through this platform as well, allowing them to seek help when needed. Although the experience offered by online programs can be starkly different from that of a traditional college education, both options are effective means of obtaining advanced academic knowledge.
On-campus vs. Online MBA: Pros and Cons
When considering an on-campus vs. an online MBA program, there are three key areas that aspiring professionals should evaluate to understand the tradeoffs in pursuing either option.
Convenience and Flexibility
Pre-existing obligations, such as caring for a child or maintaining their ability to work at their current jobs, often come up as reasons why individuals may choose not to continue their education. Work-life balance is a constant concern for most professionals, especially for those who have families who depend on them. But with online education, it may not be necessary to choose. An online MBA program offers students the ability to complete a graduate degree without compromising other priorities within their daily routines. Unlike on-campus courses, which require in-person classroom attendance to stay on top of lectures and class activities, online classes eliminate inconvenient attendance requirements by allowing students to access course materials at any time and from anywhere. This means that online students can adjust their schedules on their own terms to ensure that all of their priorities can be met.
MBA students often need to ask their instructors for guidance or collaborate with their fellow students in order to complete their assignments, but on-campus degree programs often restrict students’ ability to engage with their instructors and classmates. In an online MBA program, students do not need to wait in long queues to speak with their instructors; instead, they can just send an email or request a video conference. Rather than trying to approach other students in person, they have the ability to exchange messages with their peers at the click of a button. These factors make it easy for students to build the strong interpersonal relationships that are conducive to a positive learning environment.
The cost of continuing education can be overwhelming, but choosing online education could help eliminate this concern. Because they don’t require physical space to operate, online courses generally have lower overhead costs. Additionally, online students save any money that would be spent commuting to and from campus. Therefore, in many ways, online programs can offer equal levels of education at a lower cost in comparison with traditional programs. Furthermore, the flexibility of online courses makes maintaining full-time employment to pay for higher education much easier to achieve.
Choosing to pursue higher education can directly improve a professional’s ability to advance in his or her career. Yet depending on an individual’s personal preferences, the route he or she chooses to take toward earning an advanced degree defines how comfortable the academic experience will be. By choosing to pursue a master of business administration degree in an online program, ambitious professionals can refine their business and leadership skill sets in a comfortable learning environment without compromising their current careers or lifestyles.
Our online MBA program at New Jersey Institute of Technology is designed to prepare motivated, tech-savvy management professionals with the business expertise and technical knowledge vital for success in today’s rapidly evolving global business landscape.