Online MBA?
An accredited online Masters of Business Administration in general studies provides individuals the training necessary to assume executive positions within business and industry. To potential employers, completion of online MBA in general studies indicates an in-depth, holistic knowledge of business operations that advances workplace efficiency and productivity. [wp_campaign_1] Earning an online general MBA degree identifies individuals as experts in the management of people and procedures who can drive profit-making to enhance the bottom line. Their understanding of core concepts facilitates MBA general online graduates’ collaboration with colleagues and partners through the application of effective business principles and practices. Moreover, the prestige of the credential permits graduates of top online general MBA programs the latitude to navigate their career trajectory in accordance with their interests and aspirations.
What is an online MBA?
The best online MBA general programs prepare learners to be solutions-oriented, forward-thinking and highly adaptive within an environment that is subject to constant change given the flux and volatility of a global economy. Individuals acquire skills in accounting, marketing, strategic planning, business law and human capital management necessary to effectively oversee the operations of any organization. It is these kinds of abilities that motivate leading firms to recruit general MBA online graduates to fill key leadership positions.
How can I tell if an online MBA degree is right for me?
Individuals who pursue MBA online general studies recognize the ways in which they can advantageously leverage their talents in combination with this degree to become change agents within their organizations. They represent an array of academic and professional experiences that reflect the limitless opportunities a top MBA general online degree affords.
The online MBA general degree candidate possesses:
- the abilities to understand and to translate complex materials to promote shared understanding;
- strong communication talents that enable him to collaborate with colleagues of all levels;
- critical thinking skills that facilitate sound decision making;
- versatility to modify plans when necessary; and
- an appreciation for the ongoing creation and dissemination of information that drive the business world.
How long does it take to earn an MBA degree online?
Good online general MBA schools offer curricula that can be completed in two years. Web-based coursework permits individuals the flexibility to determine a schedule that works best for their lifestyle demands, e.g., full-time employment and family obligations.
What are the admission requirements/prerequisites for online MBA schools?
Generally, admission to accredited general MBA programs online requires the submission of official transcripts from previously attended institutions that indicate a cumulative grade point average of at least a 2.3. Entry also requires submission of a resume that details work experience, a personal statement that outlines career goals, and letters of recommendation. Some general MBA schools online also require General Management Admission Test (GMAT) scores.
What skills will I learn in an MBA programs online?
Enrollees of online MBA general programs strengthen their problem-solving skills, learn how to manage and to motivate personnel, and understand how to make choices for the good of their organizations based on logic and reasoning. Moreover, general MBA degree online classes heighten their creativity, which enables them to think outside of the box as innovators who lead by example and inspire best practices.
What courses will I take in an online MBA program?
Studies for online MBA general degrees allow individuals to determine the pace at which they would to work to complete mandates requirements. Throughout their programs, MBA online general students deepen their knowledge of how best to assess organizational needs and to devise strategies to meet them. They learn how to identify the skills needed to meet business objectives and manage talent that will enable companies to meet these goals. Good online MBA in general studies programs also provide perspective on both the independence and interdependence of companies within the overall global business landscape. Students graduate prepared to enter general MBA careers that will highly influence the worldwide economy.
Online MBA general students enroll in courses such as:
- Accounting
Enrollees learn to assess organizational performance using accounting information. They study tools and concepts such as financial statements, cost behavior, cost allocation and budgets. - Human Capital Management
General MBA programs online prepare students to manage personnel. They examine topics including job analysis, performance appraisal and employee career development plans that will enable them to effectively manage human resources. - Business Law
Individuals explore the legalities of business activity to understand how organizations are exposed to legal risks. Among the topics discussed are the legal system, dispute resolution and intellectual property. - Economics
Learners utilize the concepts of scarce resources and opportunity costs to perform economic analyses. They address subject matter such as supply and demand, profit maximization and market structure. - Business Ethics
General MBA online students learn how to integrate ethical practices into strategic business decisions. The course prepares them for the kinds of ethical dilemmas they will most likely face in general MBA jobs.
What types of MBA jobs are there?
Graduates of the best online Masters of Business Administration in general studies degree programs are recruited by leading companies across and array of industries. For these individuals, the respect and online general MBA rankings of Web-based programs allow them to pursue their choice of occupations.
Examples of industries that online MBA general graduates may opt to enter include:
- banking and finance;
- management consulting;
- information technology;
- retail and manufacturing;
- accounting;
- real estate development;
- marketing;
- entertainment;
- healthcare and pharmaceuticals; and
- hospitality.
What are the job prospects for those with an online MBA?
AACSB accredited general MBA programs equip individuals with a theoretical understanding of business and administration that they can apply practically to real-world settings. By doing so, they are able to effect meaningful change that enhances business operations. Their knowledge and abilities will garner both them and their organizations distinction for their commitment to excellence and achievement in the field.
Online MBA general program graduates may opt to enter jobs such as:
- General and Operations Manager
These experts plan, direct and coordinate the activities of organizations, including oversight of personnel, purchasing and administrative services. The annual income for this career is $110,550. The number of professionals in this occupation is projected to remain constant at 1.7 million over the next decade, particularly as companies merge and create new partnerships. - Financial Manager
These professionals plan, direct and coordinate the financial activities of organizations, including banking, insurance and securities matters. The U.S. Bureau of Labor Statistics reports the average annual income for financial managers is $$113,730. As of 2008, there were approximately 539,000 financial managers in the country. The number of professionals in this career is expected to increase by 8% by 2018 as globalization will mandate more occupational experts. - Marketing Manager
These specialists evaluate the demand for the products and services of an organization relative to that of its competitors, identify potential consumers and develop pricing strategies to maximize profits. The general MBA salary for this career is $120,070. The U.S. Bureau of Labor Statistics projects the number of marketing managers will increase by 13% by 2018 due to competition between domestic and foreign retailers. - Chief Executive
Online general MBA graduates may lead organizations, determining and formulating policies in collaboration with subordinate executives. This occupation pays an average $167,280. The number of professionals who are chief executives is expected to remain fixed at 2 million over the next 10 years, primarily because of ever the changing dynamics of business and industry as well as corporate mergers.
The best online general MBA programs prepare individuals to impact both organizations and people. Good
online MBA programs in general studies enable graduates to help yield optimal outcomes that demonstrate their abilities as experts in their choice of career and industry.
Online MBA Degree Programs
Top 5 Ranked Online MBA Universities. Get information and free reports below. Compare and find out which curriculum suits your interests the best.
- University of Phoenix
- Walden University
- Kaplan University
- Keller Graduate School of Management of DeVry University
- Northeastern University
The decision to pursue an Online MBA could not be made at a better time. Employers today are demanding more education from their employees than ever before. An accredited online MBA degree will carry significant value in any organization's hiring and career advancement decisions. Plus, there is a direct correlation between higher salaries and earning and MBA.
In difficult economic times, going back to school to build new skills -- and make yourself more attractive to future employers -- becomes extremely popular, even for people with full-time jobs. MBAs are especially popular since the degree is usually meant to prepare someone for more advanced, leadership roles in business (or even government). But is an MBA degree worth the extra years of schooling -- especially when you could be spending that time working full-time?
At first glance, the numbers indicate that the answer is a definite yes. A recent survey of accounting/financial workers of varying skill and seniority levels found that CFOs without a degree had an average salary of only $38,920, those with a Bachelors Degree earned $88,836, and MBAs earned an average of $104,284. The return on investment for an MBA certainly seems worthwhile. Some studies indicate the MBAs earn up to 145% more over their lifetime than non-degree holders. So getting your MBA, while sometimes expensive, is certaining economical.
However, there are many mitigating factors affecting an online MBA. Keep in mind that the salary figures quoted above are fairly flexible and can vary widely based on a number of factors. For instance, the type of work you're going into can make a huge difference; consulting jobs will often pay more than finance/accounting jobs, though each could have a different compensation/bonus structure. Your previous experience also speaks volumes. If you're fresh out of business school and go hunting for an investment banking job after years in a marketing firm, odds are good that your starting salary will be much lower than someone with greater comparable experience.
An online MBA is still a very good idea. The numbers are still very persuasive. Statistics from the Graduate Management Admissions Council (the folks who administer the GMAT) indicate that in many cases someone's pre- and post-MBA salary can jump 50% or more. For example, someone working in marketing making an average of $42,000 before getting their MBA can make an average of $80,000 after receiving their degree. That's nearly doubling your money!
An MBA may not be equivalent to a winning lottery ticket, but the odds are good that your earnings will increase after earning your degree -- making those extra years of school worthwhile. Just be sure that you're pursuing the right degree for the right reasons and, of course, good luck with that graduate school application!