There are a few different types of MBA degrees available, each with distinct benefits that can help you achieve your career goals and gain the skills you need to be a successful leader, entrepreneur, manager, or another team member. Depending on your career goals, one type of MBA may be more beneficial for you than another.
Whether you want to pursue an MBA online Illinois-based or a program based in another state, all states have MBA programs that can help you improve your future career. However, all MBA degrees can help you stand out among the competition and improve your job prospects. You can choose the program that best fits your budget, time constraints, and career goals. Below is a brief overview of the different types of MBA degrees to help you decide which one is right for you.
The Traditional MBA Program
The traditional MBA is one of the most popular programs for younger students and adults like. The traditional MBA is a two-year program that covers all aspects of business management, leadership styles, inner workings, and much more. This type of MBA is beneficial for students who want to have a broad understanding of business and how it works so they can benefit from this knowledge later on in their careers.
Traditional MBAs also offer better job prospects and higher job security than having a bachelor’s alone. Students who pursue a traditional MBA often go on to work in upper-level management positions after graduation.
The Executive MBA Program
The executive MBA is a shortened, one-year MBA program designed for working professionals. This type of MBA benefits students who want to advance their career without taking time off from work. Students who pursue an executive MBA often go on to work in senior-level management positions. They can earn a higher salary and continue to pursue their work at home while attending school through weekend classes.
Another key difference between an executive and a traditional MBA program is that executive programs focus more on decision-making processes and practical applications in business. If you want to work immediately, make the best decisions, and learn how to compromise with your staff, an executive MBA program might be the best choice.
The Flexible MBA Program
The flexible MBA is usually a two-year program that allows students to customize their coursework to their specific interests and career goals. This type of MBA benefits students who want to specialize in a particular business area or who have a clear idea of what they want to do after graduation. Students who pursue a flexible MBA can have more accommodations such as online classes, weekend classes, or other types of hybrid learning formats.
While many people are wary of online classes, there are now 85% more accredited MBA programs that can be done completely online. The pandemic might have lead to this increase due to the increased reliance on online formats for school, work, and other areas of life. Students who want a flexible program with a chosen concentration can benefit from a flexible MBA program, no matter where they live in the United States.
How to Find the Best Online MBA Program
No matter what your career goals are, there is an MBA degree that can help you achieve them. Do some research to find the MBA program that is right for you. Consider your budget, time constraints, and goals to find the MBA that fits you best. Speak with your family and loved ones and create a support system while you attend school.
Many MBA programs are available online, so finding the right one can be tricky. However, doing your research beforehand and finding an accredited program is well worth the time and effort since an online MBA program can do wonders for your career and future salary. Consider these programs listed above and find a college that offers the MBA you need to help you in your future.