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Advantages of a MBA degree

Did you know that the average salary for MBA graduates is significantly higher than that of individuals with a regular university degree? In fact, you can expect to get nearly double of what you earn right now once you complete the Master of Business Administration (MBA) course. Be prepared to pay in the region of $110,000 for the main course offered by leading business universities. This cost does not include traveling, accommodation, and sustenance expenses. However, the salary you will get allows you to recover the investment within three years. You can expect a minimum starting salary of $130,000. If this is not enough, the MBA degree opens up opportunities for high profile positions such as board directors and senior managers.

Additional benefits

• Since this course trains you to handle complex business situations, it assures sustainability of your job in the organization.
• It allows you to climb up the corporate ladder quickly, thereby enhancing your pay scale.
• This course hones your leadership and managerial skills, providing you with an advantage over others.
• It gives you the confidence required to come out of your comfort zone so that you can challenge and push yourself in order to improve on a continuous basis.
• Allows you to network and interact with professionals having on field experience, thereby, increasing your chances to landing up with your dream job.

Pros and cons of MBA programs

Pros:
• Opens up avenues for good paying jobs
• Allows you to move up the corporate ladder rapidly
• Gives you an opportunity to establish lasting relationship with like minded professionals from all over the world
• Allows you to switch from industries as lucrative and as diverse as consultancy and financial
• A MBA degree gives you the competitive edge while hunting for jobs. Recruiters know that holders of this degree are ambitious and disciplined.
• It teaches you to pinpoint and solve real live problems based on experience of other businesses
• Gain knowledge of language and culture of a different country (if you plan to pursue the MBA course overseas)

Cons:
• Tuition fees are very expensive
• Time taken to complete a full time course is approximately two years
• Loss of earning while undergoing the course (you can compensate for this by opting for a part time course, but this option increases the duration of the course)
• Learning a new language if you plan to pursue this course overseas

Considering the above factors, the pros outweigh the cons by a huge margin.

Scholarship and grant opportunities
Workers in leading corporate houses should face no problems in getting sponsorships from their employers as long as they are dedicated to their current post and display leadership skills. Meritorious students can avail of scholarships offered by business schools. You can find more information about this by checking its website.

Some of the best MBA programs include:
• Management
• Information systems
• Executive MBA
• Accounting
• Entrepreneurship
• Finance
• Logistics (supply chain)
• Production and operations

Technological advances over the past decade have thrust universities and colleges into the realm of online education. In fact, many policy makers and educators view online learning as the wave of the future. Students considering an online college degree program need to be well informed and to do adequate research before signing up for any program, since many online colleges often face criticism for putting profits over students. Many such colleges have even been the subject of lawsuits alleging fraud or misinterpretation.

Indicators of a Good Online College Degree Program

Accreditation

One of the fundamental indicators of a good online degree program is accreditation. Accreditation proves that a degree program or college meets high academic standards. It is similar to a stamp of approval. It also informs potential employers that graduates of the program are likely to have the essential knowledge and skills necessary for the workforce. Whilst many schools post their accreditation on their websites, prospective students should always seek verification that the credentials are genuine. The need for verification stems from the fact that many colleges tout fake testimonials from accrediting bodies that do not exist.

Credits and Curriculum

In addition to accreditation, prospective students should also verify the curriculum and credits they will earn before enrolling. It is important for them to ensure that the credits they earn would allow them to transfer to another institution if they decide to switch degree programs. They should also find out about credits for any prior courses they may have taken. When it comes to curriculum, students should ensure that the online course they choose offers the practical skills considered necessary in the field.

Support

It is important to understand that students need academic assistance even when they choose to take an online course. In fact, the need for assistance increases. If clear information about support services or academic assistance is not available on the college’s website, the school may be trying to hide something. If they find it difficult to get a hold of someone to ask questions about career placement and academic counseling, they should take it as a clear red flag.

Advantages of Online Degree Programs

• Students can take online classes from anywhere.
• Students can choose their schedule; i.e., they can take classes in the morning, afternoon, or night.
• Students who take online courses have peers from all over the country and even the world, and come from all walks of life.
• Taking an online degree course does not force one to forgo full-time employment or relocate to a new place.
• Transcripts, training materials, documents, and live discussions are all recorded and archived so that students can retrieve them easily and conveniently.
• Online instructors are always available to respond promptly and are always prepared to teach diverse students with a wide range of needs and lifestyles.

Disadvantages of Online Degree Programs

• Proving validity of the degree often becomes an issue for most online degree graduates.
• Students may experience communication difficulties.
• Not all courses or fields of study are available online.

By asking the right questions and comparing the information received, students can narrow their list to a few online college degree courses that meet their needs.