A Master of Business Administration, or MBA, is quickly becoming the standard for professional careers in accounting, finance, management, and marketing. The MBA is a versatile graduate degree for business professionals from a variety of backgrounds that allows them to increase their overall knowledge base in leadership and management while specializing in a field of their choice. Since most individuals interested in an MBA are working professionals, many seek the flexibility of an online MBA degree so that they do not have to report to a college campus each week. An online MBA degree program allows students to log in to their business courses at a time of day that works best for them and many even allow students to earn their degree on a part-time schedule that better accommodates their obligations to work and family.
Because the MBA is among the most popular online graduate degrees, students can pursue an MBA at a wide variety of schools. The best online degree programs at the MBA level are those offered by business schools accredited by the Association to Advance Collegiate Schools of Business (AACSB). Students looking for a quality MBA program may also consider those ranked among U.S. News & World Report‘s top online graduate business programs. Last but not least, those who wish to expedite earning an MBA can enroll in accelerated online degree programs.
Online Master’s Degree Programs for Business Administration
An online MBA degree is a good fit for individuals who would like to boost their credentials in order to move up into a management position at their organization, or acquire skills for launching their own entrepreneurial effort. Students who enroll in online MBA degree programs may select a general program that emphasizes standard course work in business administration, or they may specialize their studies in one of numerous areas. The specialization could be in one of the core areas of business administration, such as accounting, management, finance, or marketing, or it could be in a specific field of management, such as healthcare administration, supply chain management, or nonprofit management. Online masters degree programs in business administration may include courses in organizational leadership, financial modeling, competitive intelligence, strategic planning, project management, and acquisitions, although course work will vary greatly depending on a student’s MBA concentration. MBA programs generally conclude with a capstone project in which a student must conduct research into a relevant area of business administration, or must develop a comprehensive business strategy for a real-world business organization.
Online MBA Degrees in the Work Place
An online MBA degree program can prepare individuals for a broad range of management careers, depending on their experience and the industry they currently work for. A sampling of management occupations include general and operations managers, marketing managers, financial managers, human resources managers, medical and health services managers, social and community service managers, and many more, according to the U.S. Bureau of Labor Statistics (BLS). Among these careers, financial managers had some of the highest average salaries, with a median yearly wage of $103,910 in 2010, according to the BLS. Keep in mind, however, that salaries can vary greatly depending on industry, experience, location, and the size and type of one’s employer. The BLS projects 9% employment growth for financial managers between 2010 and 2020.