An affordable MBA program is as close as your computer
Wednesday, June 10, 2015 | 12:00 AM
Enhance your career with an affordable MBA program
Do you want to enhance your business career? A Master of Business Administration degree is one of the best ways to achieve your professional goals. With its knowledge and expertise come the potential for higher salaries and better career opportunities. A traditional, on-campus program can carry a huge price tag, but you can find an affordable MBA program online.
How much does an affordable MBA program cost?
Hundreds of MBA programs exist in the United States and abroad. Some of them cost a few thousand dollars a year while others can cost 10 times that much by the time you complete your degree. According to Investopedia, a top resource for investing education, a private business school can cost twice as much as a state school or more
Fortunately, there are other ways to earn your MBA and minimize the costs. Scholarships, corporate sponsorships and tuition reimbursements are three examples. An online MBA program is another affordable option. Many prominent colleges and universities, including some of the best business schools, offer business degrees online. Most web-based MBA programs cost a fraction of what you would spend for on-campus courses. U.S. News and World Report ranks the best ones according to cost, accreditation, reputation and more. Online education gives you the flexibility of attending school while you work full-time. This allows you to continue earning income while you complete your degree.
What are the advantages of an affordable MBA program?
Cost savings is the most obvious benefit of an affordable online program. Not only can you save money on tuition and fees but also on commuting costs. Because you can continue to work while you attend classes, you also avoid the costs associated with reduced wages or total loss of income. Flexibility is another advantage to an online business degree. Online courses are more convenient than on-campus classes because you can schedule your study time around work and family obligations. You can study from the comfort of your home or anywhere else you choose any time of the day or night.
Who should choose an affordable MBA program?
Online programs are usually shorter than those at a traditional business school. While this can benefit working professionals, it limits the college experience and the internships that many employers require. Furthermore, some people may find it hard to work a full-time job and pursue a Master of Business Administration. Some people think the earning potential is less for those with an online degree, especially if you enroll in a one-year, accelerated MBA program. However, many employers value the additional work experience that comes with an online degree over a traditional business degree.
Investopedia says the pursuit of an affordable MBA program requires as much diligence as the purchase of a home. The costs are similar. However, if you’re truly motivated to earn your degree, there are ways to lower the costs. An affordable online MBA requires the least amount of expenditure, and it can pave the way to a richer, brighter future.
Learn about University of Texas Rio Grande Valley online MBA Program.
Source:
Dumon, Marv. (2014) “The Real Cost of an MBA.” Investopedia. http://www.investopedia.com/articles/professionaleducation/09/mba-real-costs.asp
Smith-Barrow, Delece. (January 7, 2014). “Best Online Business Programs for Students.” U.S. News and World Report.
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