In the world of mid- and top-tier management, MBA has increasingly been gaining popularity during the last several decades. Among some occupations, those employees with MBA degrees might receive a salary three times higher than those without MBA. That caused not only the growing costs of the MBA, but also the soaring costs of such degrees.
And indeed, there are enough reason why a career-building individual may target an MBA degree. First of all, it is worth to note that MBA degrees are widely recognized. Even the big tech companies, which are proud for their diversity, tend to employ managers with MBA degrees. Such business degrees are recognized both nationally and internationally, means that your degree is unlikely to lose its value. In other words, it’s something worth to cash in.
Another potential reason for enrolling in an MBA school is connections. You may expect that you will not be alone already with a job in such a class. Most people who enroll in such courses have already striking career results, and connecting with such people might yield both tangible and intangible yields in the future.
The availability of such MBA degree courses is growing, too. The day when MBA was accessible only by top-tier executives and managers are long gone. Regardless of your financial capabilities, free time for studying, and past academic results, there are certainly degree courses that will be suitable for you. And the variety of such MBA courses is growing every year!
After all, regardless of what a profession you have, there is surely an MBA degree that is almost tailored for you. Nowadays, there are business degrees in such fields like accounting, business management, economics, e-commerce, entrepreneurship, finance, HR management, global management, information systems, marketing, leadership, operations management, technology management, and risk management.
And since there are different MBA programs and ways to learn and obtain a business degree, it is worth to consider what MBA degree options are out there. Just below, you can see the common types of MBA programs available.
Full-Time MBA Degree Programs
This is the type of a business degree that can be likened to something of a bachelor’s or master’s degree. Basically, you should study on-campus during the entire course of this degree and don’t expect to get any additional time for your assignments. Obviously, such a choice isn’t for everyone.
Basically, full-time MBA is unlikely to suit someone who wants just to rise up through the career ladder. This degree program mostly targets two types of business people: those who have just left the university and want to pursue MBA right away and those who want to quit their existing job (career) and switch careers entirely.
Part-Time MBA Degree Programs
These are the common MBA programs, since they allow business professionals to keep working on their jobs while studying business degree at the same time. It is not something surprising that such degrees tend to be in most demand by the professionals.
Online MBA Degree Programs
There may be different online MBA programs, yet all of them have these two features: they are cheaper than the standard MBA programs and they include online studies. While with some MBA programs you will have to study completely online and only show up for exams, some other combine only occasional online lessons with on-campus studies.