Today's world is one of global connectivity, disruptive technology, and competing commitments. It only makes sense for teaching methods to adapt to such trends.
The number of business schools offering online MBA programs is on the rise. A report by The Graduate Management Admissions Council (GMAC) shows that 47% of online MBA programs reported application growth in 2017. Figures also indicate that students are most likely to receive employer sponsorship for an online MBA in comparison to other program types.
Distance learning programs allow students to signal sought after characteristics to future employers, such as strong work ethic, technological nous, and the ability to virtually collaborate with others around the globe.
Candidates can pursue a degree without taking a break from their career, enabling them to directly apply theory in their professional roles. The opportunity to tailor programs to individuals' specific needs further opens up opportunities for frequent travellers, or those with family commitments.
With these benefits in mind, here's our list of 10 online MBA programs that you need to know about:
1. Birmingham Business School, Online MBA, Cost: $26,000
Birmingham Business School offers the world's first and only 100% online MBA accredited by the Association of MBAs (AMBA). Combining contemporary content with a cutting-edge interactive digital platform, the program goes a step further to closing the gap between how distance learning achievements are perceived in comparison with their on-campus counterparts.
2. Warwick Business School, Distance learning MBA, Cost: $43,000
With an impressive 30 years of experience in delivering its distance learning program, Warwick Business School secured top place in The Financial Times ranking of online MBAs this year. WBS innovatively combines theoretical knowledge with industry expertise, and emphasizes internationality in its student experience. The course includes two weeks on campus, and a further optional face-to-face module which can be studied in a variety of international cities, among them Berlin, Rome, or Beijing. Students, on average, have 12 years of experience and represent 43 countries, nurturing a rich and diverse alumni network.
3. IE Business School, Global MBA, Cost: $64,000
The Global MBA offered at IE Business School adopts a unique "blended methodology", combining face-to-face modules, interactive forums, and live online lectures. The program includes three separate campus-based weeks in Madrid, and one Global Immersion Week in another city with past options including Shanghai, San Francisco, and Miami. This makes for a truly well-rounded, internationally-oriented experience. IE's Global MBA was named second in the world by The Financial Times Online MBA ranking 2018.
4. University of Southern California, Marshall School of Business, Online MBA, Cost: $99,000
Featuring in the top 10 of US News's 2018 ranking, each course on the University of Southern California (USC) Marshall Online MBA is meticulously designed by faculty members specifically for an online format. The program emphasizes developing contemporary skills by incorporating digital analytics into the decision making process. Students spend a week on campus during their first course, and have coveted access to the USC Marshall alumni network, comprised of more than 88,000 members.
5. Edinburgh Business School, Heriot-Watt University, Online MBA, Cost: $15,000
Highlighting flexibility in their approach, Edinburgh Business School's online MBA allows distance learners to choose when they would like to start and end the program, in what order they want to take their modules, and where they would like to study. Group or project work is not mandatory, and students can take examinations in centers spread around the world, although the program does provide the opportunity to take intensive seminars or revision sessions in most major cities.
6. Nottingham Business School at Nottingham Trent University, Online MBA, Cost: $22,000
Named the Modern University of the Year in The Times and Sunday Times Good University Guide 2018, Nottingham Trent University also offers a 100% online MBA with a focus on delivering experiential learning in a flexible format. The program emphasizes hugely topical issues such as sustainability and responsible leadership practice, while offering interesting specializations in Data Analytics or Fashion Management.
7. Fox School of Business - Temple University, Online MBA, Cost: $62,000
Fox School of Business at Temple University in Philadelphia emphasizes flexibility in its online MBA program, to suit busy professional students. With its curriculum "carousel" and multiple entry points, students can conveniently balance the MBA with their work life and personal commitments. On average, 54% of students are promoted after undertaking the MBA, while 22% received a base salary increase.
8. Imperial College Business School, Global Online MBA, Cost: $50,000
The Imperial Global Online MBA is delivered via The Hub—the school's bespoke online platform built from the ground up by a resident Edtech lab. Locking together contemporary developments in teaching and technology, The Hub provides a learning experience unique to the program. Students spend a minimum of two weeks on Imperial's London campus, and have access to over 14,000 alumni across more than 130 countries.
9. Centrum Católica, Online International Managerial MBA, Cost: $23,000
Centrum Católica's Virtual International Managerial MBA is the only program from an emerging economy to feature in The Financial Times ranking of online MBA degrees in 2018. In addition to the MBA itself, graduates are awarded a Specialized International Masters in Leadership from EADA Business School after completing a two week study trip to Barcelona. The program also requires students to do modules on campus in Lima.
10. Australian Graduate School of Management (AGSM) - UNSW Business School, MBAX, Cost: $45,000
The MBAX degree at AGSM uniquely blends a high-quality management program with specialization in Finance, Change, Social Impact or Technology. With a cohort representing such industries as Government, Finance and Manufacturing, AGSM strives to develop a high-calibre and valuable network. The program can be studied entirely online via interactive platforms.