When it comes to professional development, a Master of Business Administration degree or MBA can be one of the most effective ways to gain the advanced business, entrepreneurial and leadership skills needed to succeed across quite diverse industries.
If you’ve been considering earning your MBA, take a look at our infographic below to discover some key reasons why you should earn your MBA online.
7 Perks of an Online MBA Program
1. Work Smarter
Knowledge is power. With a Master of Business Administration degree, you can learn the high-level reasoning, problem-solving acumen and business prowess needed to help boost your career, regardless of the industry you work in.
Overall, MBA programs often include advanced business management classes that offer students many benefits, like helping students gain the leadership skills to ensure their team maintains their productivity efficiently.
2. Earn More
When it comes to graduate school, most professionals expect the promise of one thing: heightened career prospects. Fortunately, most MBA graduates experience improved occupational results after earning their degree.
According to student surveys by the Graduate Management Admission Council (GMAC):
- 84% found their MBA improved their odds of finding a job meeting their expectations
- 83% said their MBA gave them the competitive edge in the job market
- Online MBA students in particular gained a 40% increase in their base salaries
Now that you know how an online MBA can advance your income and career, what’re you waiting for?
3. Optimize Your Down Time
Compartmentalize your day-to-day in an online MBA program, keeping your work/life/school in their own time slots, so you can focus on each in the moment without being distracted or overwhelmed.
Study on your schedule, and keep your day job while you earn your degree, so you can advance your education and professional life.
4. Expand Your Network
Networking can be an immensely effective way to gain new knowledge and resources that can lead you to fruitful opportunities in the future. Beyond work experience and an advanced education, who you know remains one of the most successful means of obtaining a position in a different company.
In online MBA programs, networking becomes a blend of digital and in-person interaction, with students connecting in the online classroom and then reaching out to one another on their own time, potentially even meeting up in person for optional events or their program’s residency if it has one.
More often than not, MBA programs also attract a more experienced cohort of students, with most students averaging more than three years of professional work experience, so you can rest assured your connections are going places you might want to hitch a ride to.
5. Fine-Tune Your Focus
An MBA has many working parts, and you may already have an intended focus area or concentration in mind. Be sure to look for an MBA program that allows you to customize your degree to your functional area of expertise to suit your future needs and career goals.
For instance, the University of Kansas School of Business offers an online MBA program with three available concentrations: Finance, Management and Leadership, and Marketing.
6. Understand the Way the World Works
In our increasingly globalized economy, you need to make sure you are ready for transactions and deals across the world. Prepare yourself with a global perspective and a thorough understanding of what it takes to work in international businesses. Develop your awareness of cross-national differences in economic, political, legal and socio-cultural systems.
In fact, attending an online MBA program that encourages or allows students to study abroad can be a great way of hitting the ground running in your career. The experience working abroad can help make you a more attractive candidate to potential employers here and abroad. Get the global advantage today!
7. Gain an Executive or Powerful Presence
When deciding if an online MBA is the right option for your academic, personal and professional goals, take a moment to think about your personal brand. What kind of first impression do you make on someone you’re meeting for the first time?
With an MBA, you can establish yourself as an expert with the powerful, confident presence of an executive. When onlookers view you as an executive based on how you carry yourself, you, in turn, demand respect and convey your capacity to handle greater responsibilities. With an executive presence, you can ensure you are looked upon as someone who impacts the bottom line.
The Bottom Line
When all is said and done, an MBA degree can impact all aspects of your professional development and career, helping you to reach higher ranks in your organization as you hit new pay grades as well.
Give yourself the advantage of advanced management tactics, a powerful presence that practically commands your team to follow your lead, and a global skill set that prepares you to work in companies across the globe—and do so entirely from the comfort of your own home, with an online MBA.
If you’re worried you may be too old or too young for an MBA degree, think again! Read our blog post here to discover the perfect age for grad school.
And if you’re ready to explore some of the new fields or positions open to professionals with their MBAs, check out our infographic here on how to level up in your career.