Category Archives: Online MBA

How Online MBA Programmes Pose a Threat to US Business Schools?

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Online learning poses as a threat to the traditional face-to-face mode of education. A number of mediocre business schools are on the verge of getting shut down because of the rise in the popularity of online education.

Richard Lyons, the dean of University of California, Berkeley’s Haas School of Business, has a grim prediction for business education in United States. He says, “Half of the business schools in this country could be out of business in 10 years, or five”.

Top MBA programmes will soon start offering degrees online

According to Lyons, the biggest threat is that more and more top MBA programmes will soon start offering degrees online. It is sure to put the business model of industry in danger. Most business schools make revenue through part-time and executive MBA programmes, which will in near future have to compete with top online alternatives for survival among the same population.

However, this phenomenon is more likely to have an impact over lower-ranked business schools, rather than prestigious ones like Wharton and Harvard Business School. As soon as the recognised schools get into the fray of offering online degrees, even the students from remote locations who might have gone for convenient part-time programme nearby their homes will be drawn in.

Online MBA programmes are likely to attract high-quality attendees

Part-time and online MBA programmes do not burn a hole in the pocket of students, who are made to pay dearly in terms of tuition fees at full-time programmes. As most of the part-time and online MBA programmes are designed for corporate strivers staying put near campus, such programmes can be sure of stable flow of high-quality attendees.

In many cases, it is seen that working professionals with family responsibilities or other obligations do not want to relocate to some other places for having a business degree, which can boost their career prospects. Lyons says, “Education technology has the potential to make the proximity factor go away”.

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Part-time and e-MBA programmes have sticker price

Most business schools do not make public the total amount of financial aid awarded to MBAs, Lyons makes an estimate that a 25 percent discount on tuition fees is given to average full-time student at a top tier business school. On the other hand, an average student needs to pay only the sticker price at part-time and Online-MBA programmes.

Lyons says that if premier schools draw in the creamy students, part-time programmes with lesser demands may become less effective. These part-time programmes may not stay in business without an able and premium student body.

Reputed business schools are likely to offer their degrees online

While only a few reputed business schools have started offering MBA programmes online, a number of other business schools have. However, the elite business schools have now slowly started warming to online world, experimenting with non-degree online learning. Until now, online education was mostly associated with down market educational institutions, but it has mostly shed the stigma, as some of the top-tier business schools like Stanford, Wharton, and other prestigious institutions are likely to provide online degrees.

Online education is certain to change the patterns schools vie for students. With more and more traditional universities going online, for-profit MBA programmes have been dubbed as the early losers. As the big brands follow the online programmes, lower-ranked business schools may be reduced to dust in near future.

Article Source: buswk.co/PAg5vQ

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Fresh Set of Rules for Online Mode of Study!

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There is no doubt that learning online is a big opening for every learner across the world. The traditional education system that deprived thousands from the benefits of knowledge due to rigid schedule, stringent rules and four-walled confinement, was bound to incorporate changes with time. With increasing demand for higher education, more proficient skills and also a convenient lifestyle, education system has little scope to escape the occurring evolution.

Online Learning: Big Responsibility

With liberty comes responsibility. Freedom that learning achieved with technological intervention needs mature and responsible approach. Students who couldn’t afford to leave jobs or compromise with personal commitments preferred learning through online schools as it offers them a customized learning environment with exclusive options like:

  • Study anytime anywhere
  • Experience affordable learning by reducing travelling, boarding and food costs.
  • Learn with peers across the world.
  • Study under the guidance of the best people in the field.
  • Design course according to preference and convenience.
  • Learn through heated debates, intelligent comments and interesting updates.
  • Say goodbye to fat textbooks, boring speeches. Use vibrant tools to earn knowledge.

But to squeeze best results out of these exciting options including self-discipline to education becomes imperative. It’s true that learners no more need to confine themselves to strict rules or fear a suffocating environment in the midst of brick and mortars. The equation in between students and teachers are also changing rapidly. But one needs to pay attention that pupils studying at their own place and pace have no one to remind their deadlines, provide supplementary from library or ask to rectify the errors immediately. Now finishing assignments, tracking your performance and even finding out the best help are solely your responsibility.

Let’s find out some easy solutions to the emerging educational issues:

Making a routine is imperative: It’s true that education online has set learning free from every strict rule. And the entire world is in the mood for liberal learning! But the fact is knowledge never prefers chaotic  situation. No matter how you like to study or what your preferences are, a routine can always be arranged accordingly. And it will help you to attain goals easily.

Web Connects and also Diverts: Web based learning is enjoyable because it keeps you engaged with different educational activities and offers you a vibrant academic space filled with diverse dialogues. There is no doubt that all these components make learning hugely interesting but can also be diverting if you involve yourself too much in debates, dialogues, and other web-based activities. Remember, knowing everything about your text always comes first.

Experiment Less and Focus More: Internet, today, is awash with intelligent learning tools and platforms. You have thousands of apps activated on your pocket device that give you option to design a course suitable to your schedule, choice and capacity. But with new discoveries making its way every time, a student may spoil his/her productive time on experimenting with the fresh arrivals. Learning through game is a smart approach, but making education a mere entertainment has never been the intention.

Keep Record of your Study Time: You have exciting tools to study this time around. So, make them work for you. Studying for a fixed amount of time is very important. But it depends highly on what suits your mood and brains. If you don’t like to sit and study for a long time, you better make routine with regular intervals. If your work mundane business is coming on the way of education then take lessons before starting your day or when everything is over. No matter what is your style, but make sure that you study everyday and that too for a considerable amount of time.

Track Your Performance: Don’t ignore your mistakes or forget to appreciate yourself. In online education you need to remember that there’s nobody behind you to remind or rebuke every time. Finishing tasks and moving ahead flawlessly is your sole responsibility. So, it’s important to keep track of your performance that will help you to understand whether you are applying the right tricks and what amendments can lead you toward betterment.

A vital thing that every e-learner needs to remember is with internet we have fallen into a habit of scrolling and scanning the documents available on any site. This could be applicable when you are looking for small information or the content is not as important as the product you are searching on the site. But it’s something you should never try when you have your study material opened on your monitor. Whether you have the content printed or screened on your computing device, studying can never happen without proper attention.

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An Online MBA Course Can Bring Miraculous Changes To Your Career

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Finally, the time has come to think out of classrooms. It is mobile technology that has brought an amazing impact on the lives of numerous working professionals who are now busy finding out new unconventional routes to accomplish their career objectives. Talking about business graduates who are into executive jobs, it can be said that most of them are found struggling against the demands of completing masters. This is a big reason why the top business schools and universities have now started offering MBA courses online.Edinburgh Business School’s joint head, Alick Kitchin said that distance learning is the best option for business professionals. In fact, online MBA courses in business management are designed in such a manner that even young students will find them easier to complete them in many ways. For instance, they can:• Get into debates with peers
• Ask questions and solve queries taking help of tutors
• Join group discussions on social networking sites
• Attend live webinars and talk to business experts
• Working professionals can apply the course-based knowledge to their existing work that will let them study the course more effectively

Importance of Time Management

 

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One of Henley Business School’s students Major Mike James was found to be completing his online MBA course quite comfortably. He said that he would finish it off by the year 2015 taking his own pace. After being deployed by the army to Afghanistan, things were not easy for him. “Most of the time I studied in a tent that was tucked away. Internet access classified ‘unrestricted’ was limited and downloads were slow, so I had to work around that. I learned the importance of good time management early on — that’s critical…” he said.
Moreover, he found that his peer group was exceptional and this gave him the opportunity to talk to senior managers and consultants from diverse sectors that made his job easier. Mike said, “It had long been my plan to do an MBA, and studying this way is affordable. Before starting you need to look at your personal and financial support, your ability and, crucially, the time you have available.”

Increasing income by 25%

 

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Craig Glasgow, one of the online MBA students enrolled under a UK university said,

“I have seen my earning increase by around 25% from the start of the distance learning courses. The extra earnings gained from promotion have allowed me to move to a house and life in the country, something both me and my wife have always wanted to do.”

In fact, with a distance learning or online MBA programme, you get exposed to a lot of activities:

– You can work
– You can study
– You can look after your parents
– You can keep your personal commitments
– You can eliminate all your additional expenses
So, it’s crystal clear that pursuing online MBA courses is a great option. It makes you handle your busy routine so easily and lets you remain flexible towards all your responsibilities. What is just required is choosing an accredited business school that will help you obtain extensive knowledge in business management; achieve skills what business managers are required to have, and equip you with time management strategies that would make you an efficient businessman.

 

 

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