Online MBA is creating a buzz across the globe. Similar to full-time MBA, Online MBA is also empowering the working professional fraternity. Alike to full-time MBA, it is offering sound career growth, enabling them to climb high in the management hierarchy, and enticing them with lucrative compensation packages. Hence, it is a matter of curiosity “How online MBA is gaining an edge over traditional MBA?”, “Are the online courses pushing the traditional MBA courses into oblivion?”
Through this write-up we have highlighted the main features of Online-MBA.
1. Increasing demand for short term MBA courses
It is an inevitable fact that working professionals use MBA as an instrument to remove the growth blocks, get better pay-packages, career changes and job promotions. To gain an MBA degree in a shorter period of time, these working professionals are preferring Online MBA over full-time MBA programs. Also, these online MBA provide the full GMAT Syllabus. In fact, the Management Admission Council (GMAC), has also accepted that there is a gradual downfall in the number of application forms for traditional two-year MBA programs in the US since 2012. Meanwhile, the short period management programs in Europe are gaining momentum like the intensive 10-months MBA offered by France’s EDHEC Business School. Learning from the UK, US is also promoting short-term management courses for the students.
2. Technology taking up the conventional classes
With the advancement in technology, the wide reach of internet has made online courses easier and feasible to attend. In 2016, Birmingham Business School’s online MBA became the first fully-online MBA to get accreditation from Association of MBAs (AMBA). In the same context, GMAC figures reveal that the requirement for online MBA programs persists to overshadow the classroom-based part-time and executive MBA courses. Online MBA offers B-schools to educate to huge number of aspiring MBA students. And it supports those students who posses a zeal of earning an MBA abroad but due to certain crisis they are not able to become an alumnus of the globally famed B-schools programs.
3. Learning going beyond classes
Online MBA follows the pragmatic pedagogy module. The Online MBA pools participation of a number of students from different parts of the world to one virtual class and built a strong network of connections, and hence it gives an opportunity to the students to share real life corporate experiences and draw conclusion on the same. Besides to it, the programs enable the immediate implementation of the business strategy learnt in the courses. It gives a different perspective to ascertain things in reality not rather mugging up the bookish knowledge.