According to a report from the QS MBA Applications and Aspirations, there are more than 15% of applicants are thinking of doing the MBA through online mode. The online MBA program is acquiring speed because most of the top business institutions have started offering online classes.
In this article, we will now discuss the pros of enrolling in an online MBA program and also, the cons or the challenges that students face while studying through distance learning.
Advantages of online MBA
When pursuing MBA program you can continue working. The schedules for the classes are flexible in terms of time. You can choose the class days and the time for study. There is no extra cost taken in the online classes such as no traveling charges etc. The classes are conducted through a video conferencing medium which helps you to connect with so many people globally. The teachers use modern and latest technology recorded lectures, online boards, and e-mails.
A full-time regular MBA program comes out to be more expensive than an online MBA program. The cost difference between the regular and the online MBA program is almost double. The online programs are more affordable as you do not have to commute or have to relocate yourself for the classes. By pursuing an online MBA program saves a lot of your valuable time.
- Same curriculum
It’s better to choose the MBA course from a more reputed college or university as you will get the same and dedicated faculty members. They will teach in the same manner as they do with the on-campus students. Apart, from the curriculum the online students share the same counselors, are a part of the same projects, and also have access to the same alumni students.
Disadvantages of online MBA
- Miss the on-campus experience
This is the main drawback of the online programs, although you have many face-to-face interactions with other students the on-campus experience is something different. The feel and the environment of the campus cannot be replaced by in-home online studies. The online programs also do not provide internship programs as they are already working.
- Tend to miss out on the opportunity of traveling overseas
The students who opt for the online MBA programs in foreign countries, miss out on the opportunity to travel and explore the new country. They also miss learning new cultures, customs, and the language of the people of the host country. Apart, from this, the students who study abroad get better employment opportunities as compared to online students.
- Need for self-discipline
Through an on-campus program, you can focus more on your curriculum. However, through an online program, the student needs to maintain a balance between their work, studies, and family. You actually need to take some time from your busy schedule to complete your course curriculum. The online study format does not provide instant feedback or help in your assignments. The students need to put more effort into it as compared to the on-campus students.