Studying for any kind of degree isn’t what it used to be; there are now hundreds of course styles and resources that allow us to fit studying a masters around our lifestyles and, ultimately, make it easier than ever before to study for an MBA.
So, which driving forces have increased the number of MBAs?
E-learning like never before
Learning over the internet has revolutionised education for people around the world. It means that a huge number of academic works are readily available to students from anywhere in the world, so you can access databases, electronic journals and electronic books at the click of a mouse.
University portals give students a place to not only submit work, but check for plagiarism and have marked and graded pieces returned. It’s also a way for communities of students can connect with one another. What’s more, most business schools now offer full courses online, allowing you to study from anywhere in the world. Worded plainly, the internet has allowed us to bring learning to people, instead of bringing people to learning. As John Chambers, the CEO of Cisco Systems, put it:
“The next big killer application on the internet is going to be education. Education over the internet is going to be so big it is going to make e-mail usage look like a rounding error.”
Another important factor in the rise of MBAs has been the increase in flexible course options. The possibility of studying a part-time MBA from anywhere in the world is now more common than ever.
The fact is, people don’t want to give up their jobs altogether to go back to school, and a flexible MBA course is the perfect way to get a step up the career ladder without putting your career on hold. In a bid to meet the changing needs of students, pioneering universities make their courses as flexible as possible, with business schools like MBS offering part-time courses in Manchester, Dubai, Shanghai, Singapore, Hong Kong, Miami or São Paulo.
This gives students the opportunity to travel and experience what business practices are like in another thriving business city – a popular choice for those who want to combine travel with study. Students will find that they experience personal growth, learn valuable life skills and develop their confidence in communications-related tasks.
There’s no doubt that MBAs help people to advance their careers: according to research from the Forte Foundation, MBA students can expect an average pay increase of 35-45% on graduation, which then rises to 55-65% five years later. Bearing all this in mind, there’s it’s little wonder why the number of students opting to study an MBA is on the rise.