Overview On Scope Of Online MBA Education
Online MBA education has progressed greatly. The improvement in terms of quality of provision and the growing reputation of this format has led to the acceptance of online MBA. Advancement in learning technology, increased connectivity and the entering of bigger players into the market all sum up to mean that an online program can no longer be considered inferior to its full-time equivalents. Common specialization courses like Finance, Human Resource, Information Technology, Logistics & Operations, Sales & Marketing, Retail, Accounting, Sports, Environment, etc. are available for doing Online MBA. Students generally prefer doing Online MBA because of its advantages compared to the full-time MBA know scope of online MBA here.
Along with the job experience an MBA degree for sure is a great career enhancer. Online MBA can be done along with your job and not missing your salary. In addition to the financial benefits, you can also get more work experience and apply what you learn to your job as you learn it.
The popular myth of Online MBA being scam is proved wrong. Several online MBA programs are approved by the three major accrediting bodies – AACSB, AMBA, and EQUIS. Increasing followers of online MBA programs make it a point for top business schools to add online program for simultaneous benefit.
The top business schools share videos of lectures conducted by the college faculties. They can also interact with other students of Online MBA students and solve their problems. They also get to create their network with renowned Business personas and do their internships from established industries.
You can do online MBA from your current location. Hence no extra spending of money for boarding near campus.
Your location is no hindrance in online MBA programs. You can be transferred or shift your jobs, even serve in the military, and still be able to complete your MBA.
Travelling for the job has not stopped students from continuing their course in Online MBA. Distance Online MBA Rankings have students who keep regularly travelling for their business trip.
Most of the top business schools deliver materials required by the students of online MBA before the program starts. Online MBA pursuers not only enjoy all their indecency but also access services like library, career counseling, etc. back at home.
Online MBA does not require classrooms so the fee of infrastructure, library, internet and other accessories are saved along with the commuting costs. Cost effective Online MBA allows you to continue your job and save up the money or pay off your previous college loans.
The career options post Online MBA is equivalent to full-time MBA, considered to worth that position! Frequently opted positions after Online MBA are in marketing, finance, accounting, human resource, information technology, logistics and operations, retail, sports, tourism, hotel, etc. Being an Online MBA graduate you can work in non-profit organizations, corporations and other government institutions, see scope of online MBA details.
Some of the prestigious positions you can own after Online MBA are as followings:
Marketing Managers create specific marketing campaigns with the support of other professionals to increase awareness and sales of a product or service. They also function as the communicating link between the clients and the in-house creative staff responsible for executing marketing strategy.
Financial analysts supports and advice’s regarding investment decisions to individuals, companies and organizations. Responsibilities can range from analyzing the stock market to creating investment portfolios. Online MBA has helped individuals who aim for specialized or advanced positions.
Accountants look after the accuracy of monetary reports, preparing and filing taxes, and assessing financial records and stability. Many of the accountants opt for Online MBA to increase job prospects in the field.I have specifically mentioned about these 3 posts because according to the BLS these are the highest average earned salary posts in 2014. The bureau also noted that job opportunities for these 3 posts are increasing faster than the national average, at a rate of 12% from 2012-2022, view scope of online MBA and salary ranges below.
Salary ranges for some popular jobs held by Online MBA holders in 2013 are as follows, according to PayScale.com:
- Senior financial analyst: $59,403-$98,666
- Information technology project manager: $61,070-$125,692
- Chief financial officer: $77,143-$213,970
- Financial analyst: $44,522-$88,151
- Marketing director: $52,811-$153,090
Salary differs for Online MBA holders from place to place. PayScale.com reports the following median salaries for Online MBA holders in 2013:
- New York: $99,960
- Chicago: $90,435
- Houston: $85,249
- Atlanta: $82,792
- Dallas: $85,638
scope of online MBA the reputation and credibility of the business school plays a big role while recruitment and salary fixing period. So a traditional university attended MBA graduate may earn more than an Online MBA graduate from a non-accredited organization.Recently scenario has changed to some extent and MBA graduates who pursued their Online MBA from accredited top business schools are recruited for their value added quality like:
- Good time management quality,
- More experienced,
- Passionate nature,
- Risk-taking quality for betterment,
A good news for Online MBA pursuers; ITM University Online has access to all of ITM Group’s placement resources and alumni network, through which thousands of job opportunities are generated. Their Placement Office works with these resources to provide job opportunities to Online MBA students. So whoever had a second thought about pursuing Online MBA can now whole heatedly devote your time, energy and money towards it. All the very best.