As markets tighten more and more of those in their early business career are taking MBAs. Although regarded as a serious drain on resources – many MBAs take up to 200 hours per programme – those with a Master of Business Administration feel the benefits
There has probably never been a better time to take an MBA course than right now. In an extremely crowded job market it is essential to do something to ensure you stand out from the crowd, and what better qualification could there be than an internationally recognised Master of Business Administration degree?
MBA graduates are sought after by employers all over the world and statistics indicate that, very often, the salary of those who successfully complete an MBA course is likely to double within two years. Of course, completing an MBA course is not like winning the lottery, personal ability and motivation still play a strong role, but everything being equal, an MBA will undoubtedly ensure a significant advantage over non-qualified candidates.
The choice of MBA programme will also play a vital role in a graduate’s future career prospects. Not all MBA programmes are equal. For those who are already in a career, an online MBA course might often be their only option.
Fortunately, distance MBA programmes have evolved significantly over the past decade. No longer will you be sitting alone in a locked room behind a pile of books. You will very often be part of a ‘virtual classroom’, where you are able to take part in Q&A sessions and communicate with the lecturer and other students via webcam.
As such, more and more institutions are offering distance programmes.
IE Business School
Located in Madrid, this school is ranked number one by the Wall Street Journal; number three by Business Week and number seven by the Financial Times. It offers a 15-month MBA programme in English or Spanish at a cost of $56,000.
Thunderbird School of Global Management
This school, which is situated in Arizona, is the number one ranked International MBA programme by the US News and World Report and the Financial Times. Its MBA programme can be taken over 12, 19 or 36 months and costs $68,600.
Ranked at number six by Business Week, number 12 by US News and World Report and number 20 by the Financial Times, Duke University is based in North Carolina. The programme duration is 16 months and a mixture of virtual classrooms and residential sessions is used; the course costs $125,400.
Manchester Business School
This Manchester, UK, business school is ranked at number 15 by an MBA career guide survey and number 29 by the Financial Times. The programme can be completed in two or three years and costs $37,900.
Warwick Business School
Warwick Business School is located in Coventry. It is ranked first in UK distance learning MBA courses by The Economist and number 42 by the Financial Times. The programme lasts between three and eight years, depending on the student’s availability. The total cost involved is only $10,100, making it the cheapest of the top distance MBA programmes.
There are countless other distance MBA programmes available, though most of them use a mixture of ‘virtual classroom’ education and compulsory on site sessions. For a student in Beijing, for example, it might not therefore be practical to enrol on a programme that requires physical attendance at sessions in the US.