Demand for MBAs Continue to Rise
January 24, 2017
Despite the recent turmoil, the economy is growing at a steady rate. More jobs are being created as companies are expanding domestically and to new markets. Most of these newly created jobs are mid- to top-level management jobs that require specific sets of skills and expertise. Filling these jobs are not always easy, especially since companies have specific needs and requirements to meet as well.
The steady shift has sparked an increase in the number of professionals going back to school. Companies have started giving incentives to employees who are willing to spend the extra time to pursue a business degree, particularly an MBA.
More Courses and Programs
The education landscape is more than ready to meet this increasing demand. Top universities such as Rutgers Online are making their online courses available to more students. These courses are fully accredited and require students to meet the same standards as their offline colleagues. This means graduates can be expected to have the required skills and knowledge to perform well in the job market.
There are also AACSB online MBA programs designed to help executives and professionals complete their online MBA degree in as little as 12 months. Add the fact that online programs are very flexible, and we have the perfect match for the increasing demand.
Recent studies suggest that even those who have the opportunity to enroll in an offline, brick-and-mortar university program are now opting for online courses. The extra flexibility means students can still pursue a valuable MBA degree while working a full-time job, running a business or even traveling the world.
A Drop in Cost
With more online courses currently available, we are also seeing a drop in the cost of completing an MBA program online. You can pick up a master’s degree in business administration online for up to 40% less than what it would cost to complete the equivalent offline course.
There are other cost elements to consider, too. For starters, students don’t have to worry about commuting to the university or relocating entirely, which takes a large chunk of the costs of education out of the equation. Living costs and other expenses associated with being a full-time student can be reduced as well.
We also have digital books and other resources, all of which are designed to further lower the costs of education. As a result, an MBA degree is now more valuable, offering an even higher ROI than ever before.
MBA Is Now Trending
This is not just a momentary trend either. We’re looking at a possible 10 to 15 years of high demand, making today the perfect time to start your pursuit of an MBA. Thanks to up-to-date courses, students can choose to focus on anything from supply chain management and international marketing to risk management and finance.
It would be interesting to see new graduates filling key positions across multiple industries. If there’s a good time to go back to school and pursue a master’s degree, especially an online MBA degree, now is definitely that time.