Many people believe that pursuing university education is something for younger generations. But learning is open to everyone, and there are opportunities for people of all ages to benefit from continued education. Particularly, studying for an online Master of Business Administration (MBA) Degree can be a powerful and affordable launchpad to a successful business career in Australia.
Business is a lucrative field that is filled with opportunity. Whether you’re looking to be a senior manager for a large company, an online entrepreneur, an elite finance professional, or more, an MBA degree can get you started on the path to success. It is also common for employers to require an MBA to advance in position, so in many cases getting an MBA can be an important step in the career ladder.
Fortunately, getting an MBA generally does not require a previous degree in business. If you are looking for a career change or want to explore the business side of your current field, a MBA is a perfect fit.¹
One of the biggest benefits to an MBA is the opportunity to network with motivated peers and elite companies that you otherwise would not be able to meet. Many employers are happy to talk to and interview MBA students, but without an MBA it will be very difficult to get your foot in the door. Some elite employers will only hire MBAs from particular universities. When it comes to interacting with peers, even online MBA programs have group projects and collaboration just like on-campus programs. Online programs recognize the importance of working as a team and do all they can to make sure their programs are as collaborative as possible.²
The Benefits of an Online Program
Choosing to pursue your MBA degree online has a number of fantastic benefits. First of all, it avoids the burdensome costs of relocating and the hassle of having to commute every day. When you work online, you are able to work from the comfort of your home, an office, or even a cafe. You can also work and study during whatever hours suit you best, without the burden of having to be on campus at fixed times.
The flexible schedule of an MBA also enables some people to continue working part time as they pursue their degree. This allows people to earn extra money to finance their degree while continuing to keep their on-the-job skills fresh as well. On top of that, it’s often impressive for new employers to see that you can balance multiple responsibilities successfully as well.
Finally, the actual cost of enrolling in a program online tends to be cheaper than their on-campus equivalents. According to the AACSB (Association to Advance Collegiate Schools of Business), online degrees can have tuition costs of at least 13% less than their on-campus counterparts.³ Universities save money on not having to use classroom space and being able to use only the and are able to pass these costs on to students.
Getting Started with an Online MBA
Finding a great online MBA program starts with an online search. Every prospective student has different needs, from budget to schedule to specific interests and specialization. For this reason, you’ll want to search and compare options with a few different schools. From there you’ll be able to see the different price points, areas of specialization, and reviews of the online MBA programs that take your interest. Carefully evaluate the pros and cons of each option you consider and do not be afraid to contact the universities directly if you have any questions. Before long you’ll be on your way to earning a rewarding online MBA degree.