Ten Facts You May Not Know About the MBA
May 1, 2010
- There are many different MBA structures from the various universities that offer the program, but for the career-driven student who has additional responsibilities, the online MBA degree program is the best option to successfully graduate.
- According to the U.S. Department of Education’s research study conducted from 1996 to 2008, “online education is more effective than face-to-face-learning alone.” (U.S. Department of Education, “Evaluation of Evidence-Based Practices in Online Learning: A Meta-Analysis and Review of Online Learning Studies.” 2009.)
- A recent GetEducated.com online poll discovered that “more than 90 percent of respondents say cost is ‘extremely’ or ‘very’ important in selecting the best online college.”
- According to the Graduate Management Admission Council, “students with a full-time MBA reported a 73-percent increase in salary post-graduation. Students with a master's in a business-related subject reported a 26-percent increase.” (TheWallStreetJournal.com, “The Alternative MBA” December 15, 2009.)
- Many companies offer tuition assistance programs for employees seeking advanced degrees in business-related curriculum from an accredited institution.
- Section 127 of the Internal Revenue Code provides that an employer may provide up to $5,250 in employer education assistance benefits for undergraduate or graduate courses tax-free each year. Many employers opt to provide up to this amount to their employees.
- The U.S. Department of Education’s Institute of Education Sciences determined that the average annual employee tuition assistance was $2,942.52 for undergraduate studies and $5,131.55 for graduate-level education. (National Center for Education Statistics at the U.S. Department of Education, “2007-08 National Postsecondary Student Aid Study.” November 6, 2009.)
- There is generally no significant difference in the curriculum of an on-campus MBA program and an online MBA program. Graduation requirements for most business programs usually include 36 semester credits, taking into consideration the core business courses and the student’s choice of business concentration. The main difference between online and on-campus is that online programs offer the flexibility to accelerate and complete the program faster than average or to set one’s own pace based around personal or professional time restrictions.
- CalSouthern offers six business concentrations in the MBA: management, financial management, human resources management, international business, project management, and healthcare administration.
- The tuition for the Online MBA Degree is only $6,300 per year for the two-year program.