In the past few years, especially since the COVID-19 pandemic, the popularity of the online MBA program has reached a new level. Even though there are plenty of on-campus courses available for MBA aspirants, a significant number of applicants choose to pursue an online degree instead of going through the traditional route. If you are one of those aspirants, you must read this article till the end.
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Pros of Online MBA Courses:
With the rising popularity of these online courses, it is essential to know what advantages an online MBA program offers over its conventional equivalent. While you can cultivate certain MBA skills in both on-campus and online courses, you enjoy the following benefits when you choose an online MBA course.
1. Flexibility:
With online MBA programs, you get the flexibility to work and fulfil other obligations while pursuing the degree. Most online MBA programs give you the option to personalise your study plan. This enables you to complete your MBA degree without missing your work and/or other crucial responsibilities.
2. Self-Paced Learning:
While the on-campus MBA programs expect every student to finish the course and appear for exams together at a pre-decided time, online MBA programs often encourage self-paced learning. In simpler words, you get to master the subject at the pace that suits you. It enables you to try different learning methods and understand the lessons completely before moving to the next one.
3. No Geographic Restrictions:
Unlike conventional MBA courses that require your physical presence in the classroom, online MBA programs allow you to join the class from anywhere in the world. This means you can learn from prestigious universities and business schools located in different parts of the world without leaving your country. This also lets you join niche programs that are unavailable in your state or country.
4. More Affordable Option:
When compared to on-campus MBA programs, the online equivalents have more affordable tuition fees. Moreover, you do not need to spend additional money on accommodation, food and commuting, as you can pursue the degree from your home. You can compare the tuition fees of the online MBA programs available at different universities and schools and see which one fits your budget.
It is quite clear why thousands of MBA aspirants choose to pursue an online degree instead of the traditional one. However, there are two sides to the story.
Cons of Online MBA Courses
While you get some amazing benefits with online MBA courses, they have a few drawbacks as well. When you choose an online MBA program, you need to prepare yourself for the following cons.
1. Lack of In-Person Interaction:
As you attend the classes from your home at your preferred time, you do get the opportunity to meet your professors or classmates in person. Thus, the chances of networking in such programs are pretty limited. Also, a lack of in-person interaction hampers the development of your interpersonal communication skills.
2. Limited Practical Experience:
The online MBA programs offer the same theoretical knowledge as traditional MBA programs. However, they often lack the practical experience that on-campus programs offer through internships, in-person case discussions, and hands-on projects. You need to do your research before joining an online MBA program.
3. Strong Self Discipline Required:
Since online MBA programs do not have the typical class format, students often lose their focus and fail to complete their degrees. You need a strong sense of self-discipline and drive to succeed in an online MBA program. Too much flexibility can often lead to distraction. Also, if you cheat during online exams, you may not learn anything from the course.
4. Perceived Credibility:
Even though online MBA programs offer the same level of education and training as on-campus MBA programs, some companies still view online degrees as less credible than traditional ones. If your prospective employer does not have such bias, you may not have any issues with this, but some people do value people with a traditional degree more.
Conclusion
Now that you have a clear understanding of the pros and cons of an online MBA program, it will be easier to decide whether it is the right choice for you. If you compare the pros and cons, the pros clearly outweigh the cons. However, it may vary depending on your current situation and your preferences. So, take your time and consult with knowledgeable people before you make the decision.
