Demand the Best From MBA Degree Programs
Choosing between MBA degree programs can be a tricky business if you don’t know what to look for. Industry publications like Business Week or Fortune can be a decent source of information, but in reality, finding the MBA program that fits best into your lifestyle is a very personal decision and depends upon the individual’s needs. For most professionals, the top priority for MBA degree programs is that they work alongside already established work schedules.
Online MBA degree programs become a desirable option for many because they afford such flexibility. These programs, like those offered at Marylhurst University, are completed at an accelerated pace so that professionals can work through them steadily in order to apply them to their careers as soon as possible. But this isn’t the only criterion that professionals should consider when selecting the right MBA.
Top 10 Considerations For MBA Degree Programs
An MBA offers professionals a solid foundation that presents them with more opportunities for advancement in their careers. Because an MBA can be such a crucial component of any professional’s background, some important considerations ought to be made about MBA degree programs.
1. Accreditation: An immediate way for professionals to judge an MBA program is by checking its accreditation. If it’s not regionally accredited by Middle Association of Colleges, New England Association of Schools and Colleges, Higher Learning Commission of the North Central Association of Colleges and Schools, Northwest Commission on Colleges and Universities, Southern Association of Colleges and Schools, or Western Association of Schools and Colleges, chances are its reputation isn’t as good as you should demand.
2. Entrance Requirements: To ensure that you’re eligible for application, you’ll want to consider the entrance requirement for MBA degree programs. Some require standardized tests like the GMAT, but a growing trend toward more qualitative background checks has rendered the GMAT less important for many schools, both traditional and online.
3. Cost: MBAs range in price from less than $10,000 to more than $100,000, but it’s not always the case that “you get what you pay for.” Recently, GetEducated.com released a list of its highest ranked, most affordable MBA programs. The affordability of a program can be enticing for many professionals, but it should never be the driving factor for your MBA program selection.
4. Duration of program: Some MBA programs last two full years with long breaks between semesters, but others run straight through the regular 18-month duration, allowing professionals to complete their degree sooner and direct their full attention back toward their careers.
5. Flexibility: The inconvenience of traditional MBA degree programs that require students to attend classes during work hours in a physical classroom is prohibitive for many professionals. Online MBAs help professionals achieve the ultimate flexibility, providing them with specific due dates but allowing them to complete the coursework in their own time.
6. Current Issues: Aside from requiring that MBA degree programs offer the training that allows professionals to advance in their fields, professionals should seek programs that focus on the latest industry trends and issues so they know what to expect upon graduation. Look for programs that reference the importance of current events to professional study in order to ensure the best all-around education.
7. Mix of teaching methods: The days of the stagnant lecture are over, and as Department of Education studies prove that the dynamic teaching methods of online learning is having a positive effect on the knowledge retention of students, this education model has begun to impact courses taught both online and in actual classrooms. Project-based courses, multimedia components and online discussions are just some of the multi-faceted learning experiences you should expect from today’s online MBA degree programs.
8. Real-world practice: One of the most important demands a professional should make during the course of an MBA program is that it involves real-world applications of the skills being taught. Look for programs that emphasize the importance of utilizing lessons in existing business settings.
9. Ethics: One of the leading trends in MBA reimagining as necessitated by the current state of the U.S. economy is toward a more ethics-minded education. Whether MBA degree programs are incorporating a full course on business ethics or giving many courses an ethical focus, this should be an emerging trend in your future MBA.
10. Testimonials: Find out what other professionals have to say about the degree programs of interest. Testimonials can be a powerful resource, as those who have been there often have useful insights to share.
Finding the right customizable MBA degree programs is easily accomplished if professionals know what to expect and don’t compromise on those expectations.