The world of business is becoming ever more competitive, and even holding a degree provides no guarantee of securing employment in a particular sector. For those seeking to move up the career ladder, competition is fierce, and it can be difficult for people to differentiate themselves from other candidates. One way of standing out from the crowd is to study for an MBA.
An MBA, or Master of Business Administration, is a qualification that is recognised across the world, by a wide range of industries and sectors. It is currently the most popular professional degree programme in the world, taught in universities across the globe, and it’s easy to see why. Research has shown that those who complete MBAs on a part time basis saw an average salary increase of 41 per cent at graduation, with an additional increase of 56 per cent by the fifth year. It also is estimated that 70 per cent of MBA graduates worldwide are senior managers or board directors.
However, despite the clear benefits of holding an MBA, time and financial constraints can be a major hurdle. Traditionally, MBAs have been two year, full time courses, meaning that students need to give up work. This, combined with fees of up to £73,000 means that, for many people - especially those with families - studying for an MBA simply was not feasible. Now, however, online MBAs offer a real alternative.
Studying online for an MBA can offer the best of both worlds for students. As well as gaining a valuable qualification, they have the advantage of being able to apply their new knowledge or skills in real life situations, reinforcing their learning. Employers who recognise the benefits that employees with MBAs can bring to their business, may be willing to fund part or all of the fees.
For those considering studying for an online MBA, Aston University in Birmingham, UK should be on their shortlist of places to study. Its Business School is rated in the top 10 per cent of business schools globally with triple accreditation. The University also offers scholarships of up to £5,000 for talented applicants.
Aston University’s online MBA is comprised of six core modules, and one elective, covering such subjects as global strategy; innovation; management and leadership; measuring and improving financial performance; and managing and developing operations, systems and processes. In addition, students are required to complete a six month business project, which can be based within their existing employment.
Although the course is online, students are fully supported by the University. My Aston Portal (MAP) offers round the clock access to course materials, including videos of lectures, webinars, and virtual forums and ‘lounge’, plus full access to the University’s online library. Technical and academic support is available online, and by e-mail and telephone. For those able to commit the time, it is possible to arrange to attend some lectures, or even complete entire modules as a full time student on campus.
Networking and making contacts is a key part of any MBA course. As well as working with fellow students online, Aston University also provides the opportunity to attend two residential workshops. These are held in July each year, and are attended by academic staff and students alike.
This MBA can be completed within thirty months, although students are able to complete it in their own time. Upon successful completion, students are awarded a full, internationally recognised MBA.