How to choose best Online MBA Program

How to choose best Online MBA Program

Following details are to be considering before choosing an Online MBA Program: -

1. Online MBA Program Accreditation

Ensure that the schools you target have received national or regional accreditation. Why is accreditation important? Apart from providing a stamp of approval for the educational quality of a school, there is a big financial consideration: only candidates enrolled in accredited schools are eligible for federal student loans and grants.

• AACSB Accreditation

When you are checking your choice for an online business degree then dont forgot to check if the school association has gone the extra mile to get the Advanced Collegiate Business School accredited by the association. The gold standard for B-school programs, this non-government agency accepts only 30 percent of American business schools in its elite category. AACSB accreditation is widely recognized by corporate recruiters. Some employers will pay tuition plans only for AACSB-accredited courses.

• Other Business School Accreditation

In addition to AACBS, the Department of Education has included these agencies in the list of approved monitors:

Accreditation Council for Iate Collegiate Business Schools and Programs

Distance Education Accreditation Commission

 

2. Online MBA Program Rankings

Media announces Business School rankings every year with great bang, but this ranking is simply one of many factors to aim an MBA program. We must consider the criteria that each list-maker uses before rushing to apply to the top five schools in each high-profile ranking.

Bloomberg Businessweek: Headquartered in New York City, Businessweek has placed its finger on the pulse of the American business landscape. It compiles a bi-monthly ranking of business schools, measuring them with these three tools:

Student Survey (45%) - covers the quality of academic and career development offerings and allows students to evaluate their own skill sets.

Employer survey (45%) - asks employers to rate applicants on specific qualities required to them.

Intellectual capital (10%) - Articles published by faculty in 20 top trade journals over a period of five years are counted.

 

The Economist:

This prestigious London magazine compiles data collected over a period of three years to rank B-schools. Its methods include two surveys: one completed by schools (weighted at 80%) and the other by current students and recent grades (weighted at 20%). Surveys measure such criteria:

Ability to open new career opportunities by the school (35%) - alongwith recent graduates's employment data on

Personal Development / Educational Experience (35%) - Includes faculty quality, student diversity and student quality.

Salary increase (20%) - A straightforward measure of the increase in salaries of graduates after completing their degree.

Potential for network (10%) - including the effectiveness of alumni connections.

 

US News and World Report:

For the growing popularity of distance education for MBA students, this list-maker first published a separate ranking for online MBA programs in 2015. Recognizing only 195 schools, the ranking emphasizes prestige and selection. Criteria include:

Engagement of Student (28%) – includes best practices such as graduation rates, one-year retention rates and accreditation.

Entrance Selection (25%) - checks GMAT / GRE scores, student work experience and overall acceptance rate.

Peer Reputation (25%) - Based on the survey of "high ranking academic officers".

Credentials and Training of Faculty (11%) - online MBA faculty's credibility compares in on-campus programs.

Student Technology and Services (11%) - Evaluates student indebtedness, online learning technology, financial aid resources, career guidance services

 

3. Student Support Services

The best and top online MBA degree programs provide student services which include financial aid resources that mirror their campus based cousins. In an interview with US News & World Report, CHEA Executive Director Judith Eaton warned that don't go with the hope that you're going to get 'at least'. "Go with full confidence and expectations of you are going to get from any school." Access to company empolyers is important for MBA candidates. At the time of your research for online MBA programs, try to know the relationships of each school relationships with specific companies. High quality programs will offer formal people as well as job fairs, mentoring, career counseling and informal networking opportunities. Tell the school to provide its mettle by showing documentation of alumni employment data and graduation rates

 

4. Faculty Quality and Resources

The caliber of online MBA faculty should be comparable to the school's on-campus programs. Check the school website: Do professors hold equivalent degrees? Do they have significant track records in the industries they teach? Which commercial journals have published their work? Another word to the wise: check if your target MBA program has online learning experience to instructors. Instructor fluency in the online environment will make for a more effective experience in a smooth, virtual classroom.

 

5. Technology and course delivery system

Ask to test a potential school's online MBA course delivery system before enrolling. Is the interface easy to use? Does streaming provide lecture and round-the-clock access to courses? If you intend to research around your work and family commitments, then 24-hour classroom materials will be important to your success. Who will you ask for technical support in case of a system crash? The school must appoint expert and dedicated staff to keep everything things running smoothly. Easy communication with your instructors and fellow students is also an important factor of online learning. Does the school system offer chat, email, voice or video conferencing? Check well before signing on the dotted line.

6. Other students

Since you are spending too much virtual time with your professors and fellow students over the next months or years, make sure the school you choose is a good cultural fit. The World Report and The US News suggests joining online organizations that supply to students interested in your MBA focus, such as healthcare administration or marketing, to network and make connections. Collaborating with students who have a solid foundation in business and are ready to share it will add richness and depth to your online MBA experience.

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