There are a very great many people who would like to be successful in the business world. Some of them will just look upon success from a distance envying it and never being able to achieve it. Others will look for a shortcut to get there without doing the hard work that it takes to get there. Receiving a Masters in Business Administration has been viewed as a way to become much more valuable and successful one’s company in the last few decades.
A Masters in Business Administration is available at hundreds of universities in America, and at several more in abroad. MBA students learn about topics, such as economics, accounting, marketing, organizational behavior, strategy, operations management, information technology management, finance, and supply chain management.
In the last few years distance learning has become a viable option for many graduate students. Instead of having to attend class at a certain time every week, MBA students can use the internet to view course content, submit assignments. Many programs allow students to pursue their MBA without ever stepping foot inside of a classroom!
There have been criticisms of the online MBA programs that the students who complete them do not learn nearly as much as those who are in traditional bricks and mortar settings. Recently The Wall Street Journal and Harris Survey conducted some research to compare the traditional MBA and the online MBA to see if one is really better than the other.
What the survey found was rather shocking. They had asked a number of corporate recruiters what they found when looking at candidates who were full time versus those who were part time. 80% of the recruiters said that online degree programs are not nearly as effective at building and developing business skills as traditional full time programs. 40% of the recruiters actually said the programs were not effective at all!
What might the reasons for these startling statistics be? Many of the recruiters told the WSJ that getting an MBA is as much about clubs, guest speakers, close interaction with classmates and professors, and networking as much as it is about the curriculum. Others say that When you’re working for 8 hours a day at a job and working on an MBA for another 4, it can often be very difficult to put a large amount of focus on your pursuance of a masters in business administration.
A lot of the online MBA programs are not accredited, and often taught by professors and instructors who are less qualified than full time universities. Online MBA programs can often actually cost more because of their added convenience. If you are considering an online MBA program, you might want to think a little bit harder about pursuing more traditional means of an education.