After years of working at your company, you are now ready to take the next bold step – study for a Master in Business Administration (MBA) degree. Taking your MBA will demand a lot of your time, effort and money so you have to be very sure if you really need it or not. Going back to school can be a challenge, what with balancing work, studies, and family.
Although potential MBA students assume that more educational credentials are always better, it is crucial to reflect on whether an MBA is necessary. You should already have had enough work experience at the time you study for your MBA. You also need to decide what you want to get from your MBA. Do you need more skills? What do you need to focus on?
If you want to take the MBA program to specialize in a particular area of business such as finance, you can also consider a non-MBA course that will allow you to do precisely. MBA programs vary. Depending on your age, work experience, and work flexibility, there is an MBA program that will suit you. An MBA program can be part-time or full-time, regular or executive, online or traditional.
To provide training for a student without previous business experience, the traditional full-time MBA program was made a two-year degree. The first year tackles business fundamentals. For most professionals, the full-time program is impractical as it leads to loss of income and at times loss of career opportunities. A more practical choice is the part-time program. This program fits professionals who want to remain at their jobs even while attending school. Better even are online options for earning your MBA degree. Thanks to revolutionary technological developments, many highly reputed business schools are now offering their well-respected MBA programs in a totally online format.
The choice between the regular or the executive MBA is dependent on the number of work experiences a prospective student has. There are also some very affordable top-quality Christian MBA programs. The regular MBA is best for professionals who have had two years of work experience. For someone who has six years of supervisory experience, a different program is offered. For the busy CEO, an executive MBA will be an ideal choice. An executive MBA is typically offered on a one day a week basis over two years or on alternate weekends for a year or two. This program is not suitable for those who are relatively weak in the field of management.
With the Internet now an essential learning tool, MBA education has also gone online. Developed for those who are too busy to attend school, the online MBA program offers a convenient and inexpensive way to acquire an MBA degree. Instead of physically going to school, an online MBA student needs only to log on his computer as class activities are conducted through the Internet. However, in an online program, face-to-face interactions do not exist. Some critics say that the completely online approach is not suitable for management development. Online learning is convenient but there is a need to combine this method with the traditional face-to-face teaching method. Read more about MBA programs here.
Anyone interested in obtaining an MBA degree should choose a program that will maximize his growth potential. Check out also this interesting article about this ACBSP-accredited Executive MBA program at the Maastricht School of Management in the Netherlands.