Understanding online MBA programmes

Master of Business Administration (MBA) degrees are highly popular, competitive programmes that give students  specialised training in advanced business management. MBA degrees blend theoretical and practical aspects of organisational management, enabling MBA graduates to progress into senior leadership positions within their chosen fields.

What different types of online MBA degree are there?

All MBA programmes – whether online or offline – are designed to develop your knowledge and skills relating to the fundamentals of business management and leadership. Whether you’re at an early stage in your career, or a seasoned professional preparing to take the next big step, there’s an online MBA to fit your requirements.

• MBA: MBAs explore core aspects of business and organisational management, including economics, people management, marketing, finance, supply chain management, analytics, strategic decision making and more. They also offer opportunities to specialise through certain coursework electives and concentrations.
• Global or International MBA: While much of the content is similar to a traditional MBA, this programme contains a broader focus on the business and management trends associated with international business.
• Executive MBA (EMBA): EMBAs are aimed at students who already have  a wealth of work experience (typically five years as a minimum). The curriculum often features a more in-depth focus on leadership and management skills than that of a standard MBA.
• Specialist MBAs: There are an increasing number of MBA programmes that enable learners to focus on a specific discipline, area of business, or industry – designed to support individuals to achieve their career goals in certain fields. Examples include entrepreneurship, data and business analytics, cybersecurity, finance, human resources, marketing, and healthcare management.

Many business schools, universities and higher education providers are increasingly aware of the value and popularity of online MBAs, giving you plenty of scope, freedom and flexibility to take your pick of the best.

What is the typical length of an online MBA programme?

MBA programmes vary in length, with common options including: one-year, full-time MBA; two-year, full-time MBA; two-year, part-time MBA; and flexible, online MBA.

OnlineMBA state that the average length of an online MBA programme is 20 months. However, the  flexibility of opting for online education means that you’ll  have the freedom to shorten or lengthen your study timeline as you require.

What are the benefits of studying an MBA online degree?

Thinking of opting for an online, distance learning MBA rather than an in-person, on-campus MBA? You’re not alone: increasing numbers of prospective students are actively selecting online courses, and 80% of business schools now offer online or hybrid programmes.

Plus, online MBAs are highly regarded by industry employers. A study by the Center for the Future of Higher Education and Talent Strategy found that 71% of employers now see online business degrees as equal to, or better than, traditional business degree programmes.

Working professionals will likely find that opting for an online MBA programme – rather than a traditional MBA programme – can positively impact their:

• Finances. Online tuition fees are often cheaper than in-person course fees, plus, by learning from your own home, you’ll likely save on other fees associated with campus-based programmes – such as accommodation and travel. Additionally, online programmes allow you to work alongside your studies, meaning your salary won’t need to take a hit.
• Career. One of the key advantages of online study is that your career doesn’t have to take a backseat. You’ll be able to progress in your professional role – and apply your new knowledge and skills in real time – while you focus on gaining your MBA.
• Timelines and time management. Depending on your needs, you’ll have the option to personalise your online MBA journey. This means you can either complete it in the shortest time possible or adopt a more relaxed approach and take a bit longer.
• Lifestyle and commitments. Whether it’s work, family life, or any other personal or professional commitments, your online learning schedule is highly flexible to fit around you. Most programmes offer asynchronous learning (where learning environments and materials can be accessed on-demand, as needed) as opposed to synchronous learning, although some offer a hybrid approach so it’s best to check beforehand.
• Learning style. Not only will you be able to study in ways that suit you, but at times that suit you – meaning you can learn at your own pace, and manage your course load to take the time you need to work through the course content.
• Choice of degree. You won’t be constrained by geographical barriers, location or time zone, meaning you can cast your net  wide – worldwide, in fact – in your search for the perfect online MBA. Make sure to take into account factors such as accreditation and rankings, entry criteria (including academic credentials, such as bachelor’s degree/master’s degree/GMAT score/English language requirements, as well as work experience), and tuition fees.

Plus, you’ll still get all the same benefits as students following traditional MBA models. You’ll have access to great networking opportunities and events, quality education and tutoring, student support services and guidance, financial aid, a diverse network of fellow students and alumni, and a professional degree that will matter to employers.

What is the future of online MBA programmes?

Online MBA programmes must continue to evolve if they are to meet the needs  of online MBA graduates, giving  them  the skills to thrive in fast-paced, changeable, competitive and challenging global environments.

The Association to Advance Collegiate Schools of Business (AACSB) state that programmes must adapt to ensure that enrolment remains high, content remains differentiated from competitors, and fostering in-demand skills remains a top priority.

Other key findings cast a spotlight on a number of areas:

• Skill acquisition and development – students are most likely to lack skills in analysis, research, critical thinking, and writing – which must be supported and addressed, possibly through pre-MBA courses, targeted group work, and boot camps
• Growth markets – students should be able to select from specialisations that are in high demand – such as data, information technology, and sustainability – meaning providers must expand and diversify their online MBA portfolios
• Real-world application and exposure – students must be connected with companies in order to access real-life projects and experiences (such as via Capstone projects)
• Format options – students should be able to further customise their ideal online MBA programme into whatever format best suits them, building on the concept of self-paced, customisable online modules.

Discover the best online MBA for you needs – with Sheffield Hallam University

Choose an advanced business education that develops you as an exceptional leader – and equips you to lead startups and established businesses to long-term success – with Sheffield Hallam’s online MBA programmes.

Achieve your career goals with a 100% online programme that fits around your existing lifestyle and commitments. Whatever your business ambitions, our online MBA options will give you the skills, knowledge base, tools and insights to excel.