Did you know that a recent survey of corporate recruiters showed that US companies planned to offer new MBA hires a median starting salary of $115,000, while offering new bachelor’s degree hires just $75,000?[1]
That’s 53% more compensation for new MBA hires!
So, if earning a greater salary is something you’re looking for, then yes! Earning an online MBA may be the right move for you.
Today, you’ll discover some helpful information about enrolling in an MBA program and you’ll learn about the benefits of earning your master’s degree.
SchoolMatchPro.com is here to assist you in deciding which school or online MBA program may be suitable for you, and how you can connect directly to that school to help launch your education, and new career trajectory.
How Long Does It Take To Earn an MBA Degree?
If you are considering an MBA degree, the first thing that might come to your mind is how long it would take to finish the program. The answer is simple; the time needed to earn an MBA varies. Different factors can affect the duration of completing an MBA program.
Here are some of the factors that play a role in the length of time needed to complete an MBA program.
Enrollment Status
You must decide how much time you can commit to your MBA program. You will need to consider your priorities:
Are you financially and physically ready to be a full-time MBA student?
Do you need time for work and family?
Can you learn on the campus, or is online better for you?
These are just some questions you need to answer to assess if you can go full-time or are better off studying part-time.
Here are your typical enrollment options for getting an MBA degree, complete with some suggestions to help you decide which best suits your situation and needs.
Full-time (2 years): If you are someone who can focus on studying and nothing else, then you can go full-time. If you choose this route, it will typically take you two years to complete the program. This option is recommended for students who just finished an undergraduate degree and want to continue with their natural academic path.
Part-time (3 years): If you are already working but want to pursue an MBA at the same time, a part-time MBA might be the best route for you. It will take you about three years to complete the coursework and other requirements for this program. The advantage of a part-time MBA degree is you’re not always required to take multiple courses simultaneously.
Accelerated (1 to 1.5 years): Do you want to complete your MBA program faster? If yes, you have the option to enroll in an accelerated program. As the name implies, this path is the fastest way to earn an MBA. This program is ideal for students who can manage to take multiple courses while having a full-time job. Accelerated MBA programs are popular among professionals who want to earn an MBA degree without taking a break from their careers.
The Typical Formats of MBA Programs
Aside from your enrollment status, another factor affecting the duration of the program is the format you choose. The choices are the traditional format — your usual in-person class education experience — an online course load, or a hybrid education.
Traditional programs are based on a four-month academic calendar, while online programs are usually shorter (condensed), taking less than eight weeks of course length. Hybrid programs may be four months long but also include a lot of online courses. You can opt for an online accelerated MBA if you want to fast-track the completion of your program.
MBA Advantage in Salary
An MBA presents higher earning potential and career opportunities than an undergraduate degree. While salaries are not solely based on educational attainment, MBA degree holders almost always receive higher wages than career professionals with only undergraduate degrees.
As stated earlier, a recent survey of corporate recruiters showed that US companies planned to offer new MBA hires 53% more in starting salaries over bachelor’s degree hires.
More impressive than that, the study also showed that these employers planned to offer 21% more in compensation to new MBA hires over new master’s in management degree hires.[1]
So, if you’re wondering if earning an online MBA is the right move for you…
It just may be!
Make Your Online MBA Stress-free
If you have finally decided on taking an online MBA course or completing your MBA degree but do not know where to begin, then School Match Pro is for you!
We can connect you to schools offering online MBA programs that best fit your lifestyle, educational goals, and timeframe!
Simply visit SchoolMatchPro.com to discover the world of opportunity that awaits you.
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