Part 2: Should I Earn an Online MBA?

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Do you have what it takes to earn a Master of Business Administration?

Earning a Master of Business Administration (MBA) can take your career to new heights. However, it isn’t made for everyone. The first article in this series prompted you to consider your goals for earning an MBA. Now consider the logistical factors behind earning your degree.

Do You Have the Resources to Allocate to an MBA Program?

Obtaining your MBA will require you to allocate a considerable amount of both time and money to your education for you to earn your degree. Busy professionals often struggle with making the time to attend classes, complete coursework and study for exams; however, online MBA programs are easing this burden. MBA students can log on from anywhere and at any time, putting them in control of their academic schedule. Students can often complete online MBA degree programs within two years, putting you in line to reach your career goals sooner.

Cost is also another big consideration when thinking about earning your MBA. The average MBA program can cost around $40,000. Financial aid such as grants, loans and scholarships can sometimes offset tuition costs. Many colleges and universities offer robust financial aid packages to qualifying students. You may even find tuition support from your employer. Often employers will supplement your tuition if you are earning a degree that will benefit them through the skills and knowledge you acquire. Graduates can expect to earn $10,000 to $30,000 more annually than their peers who have just a bachelor’s degree. This data helps to put the cost of an MBA into prospective for the long run.

Do You Have What It Takes to Earn an MBA?

Students of MBA programs often have a strong drive and work ethic that pushes them to excel. They must also possess good time management and organizational skills to juggle earning a degree with their busy lifestyle. You should also have a desire to improve your quality of life through career advancement.

Earning a Master of Business Administration can propel your career upward and help you maximize your potential.