Recognizing What Works in Today’s Varied MBA Offerings
The MBA is being redefined right now on every front, including the professional MBA, online MBA and the full-time MBA. With major changes in school’s curricula, along with vast improvements to distance learning, selecting the best MBA has never been a more customizable task for professionals who need to work their studies in with their productive business lives. The first step selecting an MBA is learning about each type of program.
What to Expect From Each Type of MBA
Professionals have never had so many viable options for advanced degrees. As distance learning becomes more than an alternative and graduates to the preferred method of delivery in many cases, it becomes essential for professionals to learn how each type of MBA works, what to expect from each of them and how to choose the best programs for their needs.
Professional MBA: A professional MBA is often also called a part-time MBA. It allows working professionals to spread out their degree programs over as many as five years. One of the main benefits of stretching out the education is that you have more time to pay for the program and can make smaller payments each year, so it impacts your income less. You can earn a professional MBA by physically going to a school or by going online: both offer a gradual education that can be accomplished in communion with your continued work schedule. However, by taking more time to complete the program, professionals also drag out the amount of time they have to juggle their family, professional, student and social lives.
Full-time MBA: Full-time MBAs can be one year or two, depending on the program you’re considering. They require much more dedication during specific hours than can be managed with a professional schedule but are best for those who are able to devote themselves fully to study. The face-to-face time with instructors and classmates is a major pull for many who require the social contact that traditional education affords. However, the sheer amount of dedication this type of MBA requires makes it impractical for anyone not willing to take a break from work to pursue training.
Online MBA: For the most part, the online MBA offers the fastest-paced courses, and this is often a huge draw for a professional who wants to work quickly through their programs in order to advance immediately from their current positions. In an online setting, students can complete their coursework in their own time, which is the most flexible arrangement. An online MBA is not always the most inexpensive option, but with research, professionals often find that an online MBA is the perfect blend of flexibility, accelerated pace and affordability.
The most important considerations (aside from the duration of the program, the method of delivery, and the cost) that professionals should consider when weighing a professional MBA against an online or full-time MBA is the accreditation of the organization and the concentrations offered. Marylhurst University offers MBAs for every type of professional interest, including a Green MBA, General Management, Healthcare Management, Nonprofit Management, Real Estate Studies, Marketing and Finance.
How MBAs Are Changing Now
After the collapse of many businesses, MBA programs faced a difficult criticism: where were all the leaders who were supposed to have emerged from the programs? As the next wave of leaders look to take over the seats from which their predecessors were ousted, one major revision is the buzz in business schools: ethics. Many institutions are implementing an ethical oath that all graduates must make as part of their degree programs. Others are being subtler, adding a more ethical focus to core classes. Still others are choosing to flesh out existing ethics classes. No matter how they’re recognizing this rising demand from the business world, the important quality for those seeking a professional MBA is that the program is responding to this need and that they can benefit from an updated MBA program.
It’s also important that recent changes in other aspects of the business world are addressed, including new government policies that could impact the way professionals conduct business. Choosing an MBA program could be as simple as selecting the one that is the most current with its curriculum.
At the start of any MBA search, professionals must begin with the practical skills they need to learn. Whether it’s the delayed payments of a professional MBA, the face-to-face contact of a full-time MBA or the flexibility of the online MBA, this is a crucial component of selection. Ultimately, however, the best programs will prepare you to take over modern industries with a new set of skills; so don’t overlook the importance of today’s issues in your search.