I have a BBA in Finance and have been out of school for 5+ years now – after 2 layoffs in 2008 (commercial real estate industry) I’m considering going back to get my MBA. I’d like to hear about your experiences with online programs from actual universities (i.e. Univ. of Nebraska, Univ. of Tulsa, Florida State, etc.). I’m not considering schools like University of Phoenix or other online-only schools.
I’d like to go back to school in the physical sense, but I have a family and the time constraints make it impossible. Can I expect to gain as much from an online program as I would on campus? I know a large part of the experience is the contacts you gain from your study groups, etc. – any input?
Thanks
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My sister got her Masters in an online program from an actual university, in Education. She said it was fine, but sometimes difficult. Since you’re home and online, there are things that can easily distract you, or the possibility of your internet going down, that you just can’t help. Also, she said that a lot of her classes were done more like a “chat room” setting. And that the professor would speak, while students were making comments, and it could become difficult to follow. Of course, not all of the classes were like this. I believe she did a lot of independent study and writing, as well, which can make the experience different. And with a house and a family to take care of, she still believes it was the best choice for her. It’s just different from being in a classroom, and being able to give your undivided attention to something.
Sorry I can’t give you any direct experience with this, but second hand is better than nothing, right?
Most in person part-time MBA programs are created so that, while you do take two classes each term, you can take them both on the same night. When I did my MBA part-time, I scheduled my classes so I was only on campus one night per week. Would something like that work for you?
If not, then an online program is probably best, but do stick with schools that have a good rep offline, are “real” universities, and ideally, where the MBA program is AACSB accredited. A lot of employers won’t hire MBAs if your program wasn’t AACSB accredited, so keep that at the back of your mind. I think all the programs you listed are AACSB:
http://www. aacsb. edu/accreditation/accreditedmembers. asp
You probably would gain more from an on-campus MBA, but that’s not to say that an online program would be worthless for the things you mentioned. If your only choice is do it online or don’t do it at all, then do it online.
Other schools that I believe I remember have online MBA programs include UMass Amherst, Northeastern, Thunderbird, Babson, and Duke used to, but I’m not sure if it still does. Thunderbird is a top ranked program in international business. Babson has a very good rep.