We all know what a B-school MBA can do to your career, how far can it take your career and what can it draw out of you to give you what is stands for, the cost-benefit analysis for a standard institution based MBA is understood by all, but what about online MBAs? What is the fabric of an online MBA and its basic cost-benefit analysis for a student? Here are some helpful insights categorized based on essential features raked up after a brain-storming session of the MBAupdates team.
Cost Factor
There is no doubt that an online MBA is much cheaper than standard credit based institutional MBA. For those students for whom finances are mattering the most right now and their choices are only between doing it and not doing it, then here is a good option for you’ll. Do an online MBA if taking a loan for a standard MBA is not even a possibility for you. Though not highly preferred, MBAupdates strongly believes that ‘something is better than nothing’. Talking about the costs of a standard MBA, they are 5 times more than an online course, however, there is a lot missed in an online MBA.
Training
The real purpose for you to opt for a post graduate degree like this is to get the best of the management training. However, MBAupdates says it very upfront that online as far as training goes, MBA are not match for on-site MBAs. In fact, the reasons are here for you to see. Practice and practical training are the key features imparted while in an MBA course; be it with learning the mere using of office tools in great detail or giving presentations and getting rid of stage frights. On-site MBA makes you mingle, talk, and discuss issues with like-minded competitive people giving an insight in to the competition and life that awaits you at the first step on the corporate ladder outside the college campus. It teaches you communication and strategies. An online MBA cannot do all this for you, even though it is cost effective. It fails to teach you time management and certain other essential skills of the trade that ultimately home you towards being a better MBA. Basically, it fails to impart practical experience which is a must considering it’s an MBA that you have opted for.
Placements
Online MBAs find no placements. No companies, corporate or multinationals offer themselves as first grounds for online MBAs. This makes it very difficult for the fresher MBAs to find their home ground to begin with. This is a major drawback.
Thus MBAupdates’ final verdict suggests students to try going in for a standard institutional MBA unless the matter of money and time are really impediments forcing them not to pursue studying an MBA at all. If that is the case then opt for an online MBA.
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