An MBA program is a great way for individuals working as professionals to enhance their knowledge and skills.
Such a course can prove beneficial in the long run, improving one's prospects and job profile. Contrary to popular belief, online MBAs are getting much more popular.
If you're a working professional and are struggling to make up your mind about whether to pursue an in-school or an online MBA, here's what you need to know about going after an online MBA degree program, including some tips on how to make the most out of it and what constitutes work experience for an MBA program.
An MBA program is valuable for any modern-age professional who needs to climb the career ladder.
An online MBA is generally easier to pursue if you are already working, by virtue of staying ahead in terms of knowledge and experience.
If you're planning to pursue an online MBA alongside your full-time job, you've come to the right place to get the gist of what it will look like and make a checklist of dos and don'ts.
What should I consider when choosing an online MBA program?
There are a number of factors to consider when choosing an online MBA program. Here is a checklist that may help you with making this important decision.
- How long is the program?
- What are the admission requirements?
- What are the eligibility requirements?
- What are the course requirements?
- What are the costs?
- What are the benefits?
- What are the job prospects?
What constitutes work experience for an MBA program?
With an online MBA program, you will be expected to have work experience and education.
The required work experience varies from school to school, but it is important to understand what constitutes a "professional" or "relevant" MBA degree for your chosen program.
A typical MBA or master's degree requires four years of study after graduating with a bachelor's degree.
Some schools may accept students who already hold an undergraduate degree, while others may only allow students who have earned their bachelor's degree within the past five years (or less).
Balance work and study
- You need to prioritize your schedule and manage your time properly. This can look difficult initially, but it gets easier as you get more accustomed to the program requirements.
- Learn how to say no when someone asks you for help with something at work. Many people are not good at saying no, especially when they feel guilty about it, or fear being labelled as uncooperative or selfish. However, saying yes all the time may sometimes lead you to waste your own time and energy.
- Learn how to say yes when someone asks for help with something outside of work hours by thinking about whether or not it is worth doing? Does this task improve my skillset? If so, then go ahead; if not, then consider other options such as talking through issues over coffee/chatting online, etc.,
- An online MBA can sometimes lead to boring and monotonous lectures and not much social life. This might lead you to give up on the thought of pursuing it.
- Have a proper schedule to maintain a work-life balance and make time for other creative things.
- Don't give up on your hobbies and things you like to do.
Managing your time effectively can help you complete your coursework on time and avoid feeling overwhelmed by the amount of work you have to do.
To get started with time management:
- Identify your priorities and be realistic about how much time you can devote to your studies.
- Create a schedule that allows room for breaks and exams while still accounting for the amount of work needed within the semester.
- Set aside some extra time each week so that if something unexpected comes up, it won't throw off your entire schedule!
Flexibility in Program Structure
Many online MBA programs offer flexibility when it comes to their program structure.
A flexible schedule can help you balance your work and family commitments by taking courses at different times, allowing you to complete your studies in less time than in traditional programs.
This is important for working professionals who may want to get their degrees but still have full-time jobs or responsibilities outside of work.
How does MBA training help working professionals in their career growth?
The MBA training provides students with leadership, management, and communication skills that help their career growth.
- Leadership and management skills
- Communication and Interpersonal Skills
- Analytical Skills
- Decision Making Skills
I am sure by now you're much aware of the 'do's and don’ts', what to look for, and how to balance your work and study during those years.
An MBA degree is a game-changer, and the best part is you can pursue it at any age; you just have to meet the basic requirements.
With everything changing at such a fast pace in this modern world, industries require people to be smarter than ever, and an MBA might do the job for you, be it offline or online.