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Online MBA Degree Programs
Top 5 Ranked Online MBA Universities
Get information and free reports below. Compare and find out which curriculum suits your interests the best.
- Liberty University Online
- Everest University Online
- Kaplan University
- Keller Graduate School of Management
- Northeastern University
It is a great time to pursue an online MBA. Employers today are increasingly looking for more education from their employees than ever before. An accredited online MBA degree could make a difference in many organizations' hiring and career advancement decisions. Plus, there is a correlation between higher salaries and earnings and an MBA.
In difficult economic times, going back to school to build new skills – and attempt to make yourself more attractive to future employers – becomes extremely popular, even for people with full-time jobs. MBAs are especially popular since the degree can prepare someone for more advanced, leadership roles. But is an MBA degree worth the extra years of schooling – especially when you could be spending that time working?
At first glance, the numbers indicate a positive answer. According to the Bureau of Labor Statistics Current Population Survey, the median annual salary of workers with a bachelor's degree was $54,756, while those with a master's degree earned a median salary of $65,676. The return on investment for an MBA certainly seems worthwhile. So getting your MBA, while sometimes expensive, could be economical.
However, there are many mitigating factors affecting an online MBA. Keep in mind that the salary figures quoted above are fairly flexible and can vary widely based on a number of factors. For instance, the type of work you're going into can make a huge difference. Consulting jobs will often pay more than finance/accounting jobs, though each could have a different compensation/bonus structure. Your previous experience also speaks volumes. If you're fresh out of business school and hunting for an investment banking job after years in a marketing firm, odds are good that your starting salary will be much lower than someone with more comparable experience.
An online MBA is still a good idea. An MBA may not be equivalent to a winning lottery ticket, but it is possible that your earnings will increase after earning your degree, making those extra years of school worthwhile. Just be sure that you're pursuing the right degree for the right reasons and, of course, that you've got everything you need to get through that graduate school application.
Top Online MBA and Business Graduate School Profiles:
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