Michigan Masters in Business Graduate Programs Online
Earning an Online MBA or other Masters in Business graduate degree online is a great way for busy working professionals to boost their credentials and skills. While a Bachelor’s degree may get you an entry-level job, those who aspire to management roles, to work in finance, accounting, or marketing may have better opportunities with a Master’s degree in Business or related field, in their academic portfolio. Online MBA programs are becoming extremely popular, as many students enter them to glean transferrable analytic and leadership skills, without having to sacrifice other on-going duties. This being said, many students are choosing a specialized business degree to accommodate their preference to deepen their knowledge and expertise in a specific area such as masters in finance or masters in accounting degrees.
What is an Online MBA?
An Online MBA, or a Master of Business Administration, provides a graduate education in foundational business practices, such as accounting, finance, marketing and management. It is often a beneficial degree choice for working professionals who need to obtain additional education to reach their career goals and potentially climb the corporate ladders of business administration and management.
Students are able to specialize the degree in fields as diverse as health care and sports management. Taking an interdisciplinary approach to learning, Online MBA programs are not only meant to deepen students’ understanding of business management, but also to further develop their critical thinking, analytical and problem-solving skills.
FUN FACT: Numerous Financial services agents eventually get a master’s degree in business administration (MBA), which is often a requirement for high-level positions in the securities industry. Because the MBA exposes students to real-world business practices, it can be a major asset for jobseekers.
Employers often reward MBA holders with higher-level positions, better compensation, and large signing bonuses.[i]
Online MBA & Masters in Business Programs Format
Most online MBA programs require a minimum of 18 months to two years of full-time study to complete. Full-time students are typically enrolled in three to four courses per semester. In order to excel in their classes, students are often encouraged to spend a certain amount of time per week on program course work outside of online lectures. Those hours are commonly spent studying, completing assignments, participating in team meetings, reading textbooks or preparing for presentations
Most of the courses offered in Online MBA programs are asynchronous. This means students have access to their professors’ lectures 24/7 and are not required to log in at a specific time of day (synchronous). It also means students often have the opportunity to fast-forward or rewind video or audio files of lectures, which is helpful for taking notes or understanding material. Some programs may involve being online at specific times participate in a Web conference or chat with classmates for group projects, or to discuss your classes with a professor. The benefit of asynchronous online lectures is that you can access them at a time of day that works best with your schedule. This flexibility is often a good option for working adults with families and other responsibilities who can’t commit to a campus-based program and prefer a more self-paced one.
Even though MBA students may never meet their professors or classmates as they would in a campus program, they don’t miss out on interaction with them. Professors and students communicate via instant message, email, phone, Web conferencing and online discussion boards.
This format is often the same whether you are seeking an Online MBA or another Masters degree in Business online. When searching for Online Masters in Business Degrees or Online MBA programs on GradSchools.com, you can visit the school’s site as well as request information. This is a great feature so that you can compare the actual learning format to ensure you can meet the commitments.
Accreditation for Online MBA & Business Programs
Accreditation in the United States is a process by which institutions of higher learning are evaluated for educational quality. All quality online MBA programs will have been approved by a recognized accreditation agency. Since online schools enroll students worldwide and have no central campus, they do not fall into a regional area and are often accredited by national agencies. The Distance Education and Training Council is a commonly used accreditation agency for online schools. Another accrediting agency that students should know about is the Association to Advance Collegiate Schools of Business (AACSB).
What Types of Online MBA or Business Masters Programs are there?
Online MBA programs are certainly sought after. But Business is a multifaceted field. The GradSchools.com site actually has a directory of Business Masters Programs, so if the Master of Business Administration isn’t what you are looking for, review the ‘Subject Selection’ for other online masters programs. Choose from Online programs such as Master of Science in Entertainment Business, Master of Business Administration (iMBA), Master of Science in Mediation & Applied Conflict Studies, Accelerated MBA –Social Media Management & Marketing, or Master of Science in Finance (online).
There are various types of Online MBAs available through online business schools. The most common type of MBA is designed for students whose professional interests center on traditional business purposes. These MBAs offer students the opportunity to choose from concentrations in finance, accounting, marketing, human resources, economics and business administration.
For the student who wants to focus their education in a particular business specialization, there are MBAs with concentrations in areas such as international, sports management, entertainment, technology and healthcare administration. Students are also able to find programs that develop certain qualities or teach about a particular approach within business such as entrepreneurship, leadership, e-commerce, or contract negotiations.
For students who prefer to focus on a certain field, a trending area for MBA programs is Technology, with many schools offering concentrations in computer systems, information technology, network administration and security, and technology management.
Furthermore, Online Executive MBA programs are designed to augment the working professional’s career. The EMBA is typically geared toward accomplished professionals with several years of work experience. These online programs often consists of refresher courses on functional business administration as well as classes that focus on the development of leadership qualities, strategy, networking abilities and problem-solving skills.
Alternatives to the MBA also exist. For the student who is interested in Finance, Organizational Leadership, or Accounting, it may be more productive to look into online masters programs that accommodate these specific fields.
Ready to Search for Online Masters in Business Programs?
Whether an Online MBA is your program of choice or you are weighing the options of an online Masters Degree in Finance, distance-learning may be a convenient way to advance your education. Why not search through our directory to find the program that aligns with your goals!
Sources: [i] bls.gov/ooh/sales/securities-commodities-and-financial-services-sales-agents.htm | bls.gov/ooh/business-and-financial/financial-analysts.htm | bls.gov/ooh/management/top-executives.htm
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