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Sunday, August 15, 2010
by Khan
Distance Learning Online MBA Degree
Additionally, the student should research the chosen field of study. If the student is seeking an MBA, the student should check the rankings of the online degree programs to determine how graduates of these programs fared in the job market. This research will give the student a clearer picture of whether the educational investment will yield results in the work force.
The first year of courses will address a wide range of general topics related to acquiring success in business. The second year, the student is required to select a specialization. This specialization will include courses of study such as accounting, finance, economics, organizational behavior, Entrepreneurship, operations management, marketing, strategy and real estate.
Most of the specializations are math based. Therefore, the applicant should be familiar with formulas, computations, mathematical models, and Excel spreadsheets. Some of the core competencies learned will include Microeconomics, Macroeconomics, Leadership, Decision Models, Probability and Statistics, Financial and Managerial Accounting, Corporate Strategy, Ethics, Organizational Behavior, and many others. A potential student should determine if he or she is comfortable with the curriculum before pursuing a MBA.
The score the student receives on the GMAT, along with the student’s work experience, extracurricular activities, memberships, leadership experience, essay, and transcripts are all determining factors in the student’s admission into the University.
For-profit online educational institutions are less stringent in their requirements. Most do not require the GMAT. Some will accept anyone who can afford the tuition.
The University of Notre Dame’s Online programs are based upon the Honor System and are 100 percent online. The school was ranked 20th in the United States by U.S. News and World Report. Their Executive certificates can be earned anywhere. The University of Notre Dame’s and Mendoza College of Business has its ten year accreditation. While this program does not offer a full MBA, the student will earn four Executive certificates. The certificates will cover topics such as Executive Certificate in Negotiation, Leadership and Management, or Business Administration. The student will receive continuing education credits that can be applied as college credit through American Council on Education (ACE). The student must inquire to determine which courses are eligible.
An Executive certificate from a prestigious program can increase the student’s knowledge, as well as, income. An Executive certificate from a highly recognized University can also increase chances of advancement within a company and create a point of interest on a resume that will help the job candidate stand out from the crowd.
eCornell is owned and operated by the Ivy League University, Cornell located in Ithaca, New York. eCornell is accredited and offers certificate programs in leadership and management. Their leadership and management courses are specifically related to Hotel and Hospitality Management. Again, they do not offer full degree programs; however, the certificates will increase the chances of advancement within a company and increase income potential.
The certificates offered are Leadership and Strategic Management, Financial Management, Human Resources Management, Project Leadership and Systems Design, Management Essentials, and Hospitality and Food Service Management.
The MBA degree at Penn State is catered to managers who have gained a significant number of years of experience. Their fields of expertise range from engineering, business, health care, and technology. The online curriculum is suitable for those seeking knowledge of the global economic environment.
The program incorporates multiple disciplines such as management, finance, marketing, accounting and operations into the curriculum. Adding a Penn State MBA to the job candidate’s resume will increase the individual’s chances of earning a promotion or gaining viable employment.
In 2008, Northeastern University’s International Business Program was ranked thirteenth amongst America’s Best Colleges according to U.S. News and World Report.
The Masters of Business Administration in Innovation Entrepreneurship equips the student with the ability to identify business opportunities, understand strategic planning processes, and manage an organization. The University has attained the highest level of accreditation, the Association to Advance Collegiate Schools of Business (AACSB), of any business school worldwide.
To enter the program, the student must have 5 years of work experience prior to the application process. The program is offered 100 percent online.
The Keller Graduate School of Management offers a full MBA program to students, as well as, a dual degree program combining the MBA and CPA programs. DeVry is accredited by the North Central Association. The MBA specializations include finance, eCommerce, accounting, General Management, Marketing, Health Services, Project Management, Marketing, Hospitality Management, International Business, Information Security, General Management and countless others.
Forty five percent of their graduates receive a promotion and report a 35 percent increase in earnings within 3 years of receiving their MBA. Courses are offered throughout the year. The courses are typically eight weeks long and are offered six times per year.
The median income for a Chief Executive Officer is near $160,000 annually. General Manager’s median income is near $107,000 annually. Health care, engineering, and education are not on the traditional path for MBAs, but are recommended as good entry level management positions for MBA graduates. The management salaries in these positions are comparable to the General Manager salary.
Online Masters of Business Administration (MBA) or distance learning programs focus on instructing students who are not physically in the location of the educational institution. Emerging technologies have made it possible for students to learn at home or at an off-site location. Educators use tools such as webinars, web conferencing, video conferencing, satellite, VOIP, email, online forums, podcasts and many other sources to communicate and disseminate information online.
Distance learning programs or online degrees are gaining popularity because of the vast number of individuals who need to maintain their positions within the workplace or be available for small children. All assignments are completed online, including tests. Online degree programs have often encountered problems with regulating testing environments of off-site students. The distance from University supervision often tempts some students to cheat on examinations. Cheating ranges from conducting online searches for answers during an examination to looking up the answers in a book. Time constraints have been put on tests to alleviate this problem, but this has not curbed the occurrence. For this reason, the individual searching for an online degree program may also find hybrid programs. These programs allow the student to attend classes and complete assignments online. However, the students are required to take major examinations in a controlled environment.
Selecting an Online Degree Program
When selecting an online degree program, the student has several options to consider. The online degree programs are numerous, but many are fraudulent and not accredited. The student seeking an education online should research the educational institution to determine if the school is accredited. Also, the student should determine if the school is recognized in his or her chosen industry. In this economy, finding a job is difficult. However, nothing can be more disheartening than investing time and money in a degree that is not recognized by any hiring organization.Additionally, the student should research the chosen field of study. If the student is seeking an MBA, the student should check the rankings of the online degree programs to determine how graduates of these programs fared in the job market. This research will give the student a clearer picture of whether the educational investment will yield results in the work force.
Masters of Business Administration
The MBA degree program attracts students from multiple disciplines. Students with undergraduate degrees in accounting, finance, engineering, psychology, sociology, and economics have all pursued graduate MBAs. The MBA is designed to expose the student to successful business practices. It is recommended that students enrolling in a MBA program have some level of outside work experiences. These experiences provide relevance to the business principles taught within the classroom.The first year of courses will address a wide range of general topics related to acquiring success in business. The second year, the student is required to select a specialization. This specialization will include courses of study such as accounting, finance, economics, organizational behavior, Entrepreneurship, operations management, marketing, strategy and real estate.
Most of the specializations are math based. Therefore, the applicant should be familiar with formulas, computations, mathematical models, and Excel spreadsheets. Some of the core competencies learned will include Microeconomics, Macroeconomics, Leadership, Decision Models, Probability and Statistics, Financial and Managerial Accounting, Corporate Strategy, Ethics, Organizational Behavior, and many others. A potential student should determine if he or she is comfortable with the curriculum before pursuing a MBA.
Admissions into MBA programs
Universities who happen to offer an online distance learning program require the Graduate Management Admissions Test (GMAT) entrance exam. The GMAT costs approximately $250. The test measures the student’s competence levels in verbal, math, and analytical writing skills. A perfect score on the GMAT is 800. However, the average varies. The average in 2009 was 539. Top business school averages are between 600 and the low 700s. The tests require about 4 hours to complete. Once the student takes the test, the scores are valid for five years from the testing date.The score the student receives on the GMAT, along with the student’s work experience, extracurricular activities, memberships, leadership experience, essay, and transcripts are all determining factors in the student’s admission into the University.
For-profit online educational institutions are less stringent in their requirements. Most do not require the GMAT. Some will accept anyone who can afford the tuition.
Types of Online MBA Degrees
The student must decide the type of MBA program that he or she desires. Five to six different types of MBA programs exist:Two Year Full Time MBA
These programs require the student to attend school full time over the course of two full academic years. Eighteen months is the typical time it takes to complete this particular program of study. Students in these types of programs possess prior experience in the workforce.Accelerated MBA
An accelerated program is designed to allow the student to complete the required course content in as little time as possible. The classes are condensed and the breaks are shortened to accelerate completion of the degree.Part Time MBA
Part time MBA programs are designed for working professionals. The course of study may be extended over three years. Classes are typically held in the evenings or weekend after working hours.Executive MBA
These particular programs cater to the Executive or Manager. The curriculum is structured to accommodate the Executive’s schedule. These individuals possess ten years or more work experience than their counterparts.Dual MBA
This MBA allows the student to combine the curriculum with another course of study, such as Law. The student will then obtain a J.D./MBA in a shorter time period than a student could obtain each degree individually.Online MBA Programs
University of Notre Dame
www.notredameonline.comThe University of Notre Dame’s Online programs are based upon the Honor System and are 100 percent online. The school was ranked 20th in the United States by U.S. News and World Report. Their Executive certificates can be earned anywhere. The University of Notre Dame’s and Mendoza College of Business has its ten year accreditation. While this program does not offer a full MBA, the student will earn four Executive certificates. The certificates will cover topics such as Executive Certificate in Negotiation, Leadership and Management, or Business Administration. The student will receive continuing education credits that can be applied as college credit through American Council on Education (ACE). The student must inquire to determine which courses are eligible.
An Executive certificate from a prestigious program can increase the student’s knowledge, as well as, income. An Executive certificate from a highly recognized University can also increase chances of advancement within a company and create a point of interest on a resume that will help the job candidate stand out from the crowd.
eCornell
www.ecornell.comeCornell is owned and operated by the Ivy League University, Cornell located in Ithaca, New York. eCornell is accredited and offers certificate programs in leadership and management. Their leadership and management courses are specifically related to Hotel and Hospitality Management. Again, they do not offer full degree programs; however, the certificates will increase the chances of advancement within a company and increase income potential.
The certificates offered are Leadership and Strategic Management, Financial Management, Human Resources Management, Project Leadership and Systems Design, Management Essentials, and Hospitality and Food Service Management.
Penn State Online
http://www.worldcampus.psu.edu/iMBA.shtmlThe MBA degree at Penn State is catered to managers who have gained a significant number of years of experience. Their fields of expertise range from engineering, business, health care, and technology. The online curriculum is suitable for those seeking knowledge of the global economic environment.
The program incorporates multiple disciplines such as management, finance, marketing, accounting and operations into the curriculum. Adding a Penn State MBA to the job candidate’s resume will increase the individual’s chances of earning a promotion or gaining viable employment.
Northeastern University
www.northeastern.eduIn 2008, Northeastern University’s International Business Program was ranked thirteenth amongst America’s Best Colleges according to U.S. News and World Report.
The Masters of Business Administration in Innovation Entrepreneurship equips the student with the ability to identify business opportunities, understand strategic planning processes, and manage an organization. The University has attained the highest level of accreditation, the Association to Advance Collegiate Schools of Business (AACSB), of any business school worldwide.
To enter the program, the student must have 5 years of work experience prior to the application process. The program is offered 100 percent online.
DeVry’s Keller Graduate School of Management
www.keller.eduThe Keller Graduate School of Management offers a full MBA program to students, as well as, a dual degree program combining the MBA and CPA programs. DeVry is accredited by the North Central Association. The MBA specializations include finance, eCommerce, accounting, General Management, Marketing, Health Services, Project Management, Marketing, Hospitality Management, International Business, Information Security, General Management and countless others.
Forty five percent of their graduates receive a promotion and report a 35 percent increase in earnings within 3 years of receiving their MBA. Courses are offered throughout the year. The courses are typically eight weeks long and are offered six times per year.
Employment Opportunities for MBA Graduates
The major concern for the graduates of MBA programs is obtaining a job. MBAs, as well as, other industries are struggling to find employment. Many are faced with accepting jobs with lower salaries than anticipated. Many seek their MBA to progress up the management ladder. MBA graduates pursue positions such as upper level manager, CEO, marketing director, and many others.The median income for a Chief Executive Officer is near $160,000 annually. General Manager’s median income is near $107,000 annually. Health care, engineering, and education are not on the traditional path for MBAs, but are recommended as good entry level management positions for MBA graduates. The management salaries in these positions are comparable to the General Manager salary.
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