MBA Distance Learning
Once considered an inferior cousin to a degree from a brick-and-mortar institution, an MBA obtained online can now convey the same standard of quality education as an on-campus degree. Hundreds of business schools---some top-tier---are now offering degrees through a variety of distance-learning methods. Streaming lectures, video conferencing and class email lists may be supplemented by on-campus seminars, or may be delivered entirely remotely to students across the world.
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Benefits
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Distance-education programs offer significant flexibility to students. Classes can be attended remotely and on the student's own schedule, offering minimal disruption to a student's life. In an MBA program specifically, they also represent significant cost savings and deliver instant benefits. Most MBA students are at mid-career and would lose significant earnings if they were to quit work for two years in order to go to school. Moreover, the course material is often directly relevant to the work at hand. You can learn a new technique in class on Monday night and put it into practice at the office on Tuesday morning.
Costs
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As in traditional education, costs vary widely from one institution to another. This variance may be based on the prestige of the school, whether it's public or private, and the availability of financial aid. Costs range from around $20,000 to $100,000 for the entire program, depending on school. Costs other than tuition may include travel to the school for seminars, books and technology fees. Particularly for International Business MBA programs or Executive MBAs, travel may entail a significant expense.
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Considerations
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Even a distance-education program is a considerable commitment of your time and attention. Contrary to the perception of distance learning as an opportunity to "slack off," they require even more persistence and discipline than an on-campus program would. Since distance MBA programs are aimed at working professionals, you should treat your classmates and faculty as coworkers and potential employers. They also require constant access to the Internet and some degree of comfort with using technology. "The computer ate my homework" is not an excuse, so be prepared to handle any technical issues you encounter. A strong distance-education program also offers good technical support.
Warning
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Distance-learning MBA degrees are offered by both accredited and non-accredited institutions; however, only accredited institutions can offer the credentials expected by employers. Now that traditional business schools have begun to offer distance programs that rival that of their on-campus degrees, you should choose only accredited schools. Check the institution on the rankings provided by Business Week and U.S. News & World Report to ensure your school of choice is legitimate.
Expert Insight
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Your business school alumni network may turn out to be a more valuable asset than the degree itself. In a distance-education program, it is especially critical that you go the extra mile to network with your classmates, email and chat with them often, and exchange pictures. Don't miss out on opportunities to build these relationships.
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