THINKING OF APPLYING FOR AN ONLINE MBA PROGRAM DURING COVID?
HERE IS WHY YOU SHOULD STAY AHEAD
According to a recent Poets&Quants article, more and more ambitious professionals are eager to use their lockdown time productively and are turning toward higher educational online business school degrees. A massive number or prospective business school students are applying to top-ranked MBA programs online during the coronavirus crisis.
THIS YEAR ONLINE MBA APPLICATIONS HAVE INCREASED DRASTICALLY
Applications to the University of Indiana Kelly Direct Program (recently ranked first in the world by Poets&Quants) have increased 64% since 2019. The online MBA program at the Jack Welch Management Institute has also seen an 84% increase in prospective students.
Moreover, applications to the online MBA option at Carson College of Business from Washington State University, has had an even higher jump of 89% in candidates.
STUDYING FOR AN MBA ONLINE IS A LEGITIMATE WAY TO SPEND LOCKDOWN TIME
The pandemic is increasing a desire to gain new skills during lockdown, whereas the economic downturn is increasing the uncertainty of the future. Online learning serves as a legitimate way to account for both concerns, and evidently this is reflected in growing numbers of applicants.
According to Brooke Elliot, the Associate Dean of Online Programs at the University of Illinois’s Gies College of Business, students can now start their online MBA in October, January, March, May and August and “applications are still going up!” The online MBA program has gone from zero to 4000 students in the past four years.
PAY INCREASES AND PROMOTIONS FOR ONLINE MBA GRADUATE STUDENTS
According to a new analysis of career outcomes from Poets&Quants, in the United States, MBA graduates have shown immediate benefits from studying for their business school degree online.
70% of online MBA graduates at the University of Maryland directly thank their education for their promotions. 84% of online MBA graduates at The College of William and Mary reported increased pay that was a direct benefit from their online degree.
Online graduates from Kelly School of Business Indiana University reported a boost of around 33% in their pay (from $92,688 pre-MBA to $123,561 post-MBA).
To top it all, the biggest improvement came from the hybrid online MBA program of Carnegie Mellon University, where graduates reported a 63% rise in their annual pay (from $57,728 to $149,773) after graduating from their 3-year-long business school degree.
OPPORTUNITIES FOR ONLINE MBA INTERNATIONAL STUDENTS
Many of the world’s best MBA programs currently pride themselves that their online programs are able to, not only let students study and learn from anywhere in the world, but also let students stay at their jobs and ultimately, let them practice their networking opportunities by immediately applying what they learn in the classroom to their workspace.
All this is possible due to the fact that technology and virtual programming have never been better.