An online MBA has become a popular goal for the serious business manager. An MBA opens many doors allowing opportunities which would otherwise not present themselves. You would be hard pressed to find any CEO who did not possess one. But what is an online MBA, and what does it take to get one?
What is an online MBA?
MBA stands for Masters of Business Administration, and is internationally recognized as an important qualification for a successful business management career. Therefore, an online MBA is, by definition, an MBA acquired partially or completely over the internet.
Who is eligible for an online MBA?
Specific eligibility requirements for an online MBA vary from school to school. Two factors are common to all MBA programs: age and experience, a high score on the GMAT. Four to five years experience in business administration is generally required before an application will be considered.
What is the GMAT?
The Graduate Management Admission test is designed to test the analytical and verbal skills of an online MBA candidate without testing specific knowledge. This allows the adsmission board an unbiased means of comparing applicants' basic qualifications.
How do I apply for an MBA program?
First, pick a school for your online MBA. Achieve a high score on the GMAT (600 or better), and fill out an application. Your application should be exceptional, or you may not reach the final stage, the interview.
What can an online MBA do for me?
While acquiring an online MBA, you will receive valuable training and business knowledge, on paper, and through required training and internship. Graduates of the program have been rigorously tested with group projects, presentations, and training geared to the real business world.
Will I have to spend four more years in school?
No. Online MBA programs are often accelerated when compared to traditional schools, and can produce your degree in as little as two years.
What careers would this be applicable to?
An online MBA is an important tool for any business career. In marketing, finance, government positions, or as owner of your own business, the skills acquired in the program can be applied every day.
Where do I get started on my online MBA?
Choose a school for your online MBA. Study for and achieve a high score on the GMAT. Complete an application, including a unique and engaging essay.
How much does an online MBA cost?
Including tuition, materials, application fees, and other assorted expenses, an online MBA could cost more than $100,000.
Do I need an online MBA?
Consider carefully the money, time and effort involved in getting an online MBA. Compare it to the possible benefits , and think carefully before commiting yourself.
Every person's potential is different. If business management is the field you have chosen, or which has chosen you; an online MBA could be the resource you need to maximize your potential and jumpstart your career.