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Why Study An Online MBA In 2021?

Online MBA programs have been a popular option for some time, but the coronavirus pandemic has accelerated the trend. Here’s why studying your MBA online is a great option in 2021.

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Fri Feb 5 2021

BusinessBecause
Online MBA programs have increased in popularity in recent years, a trend which only accelerated when the coronavirus pandemic forced education to move online. 

As many as 47% of online MBA programs in the US reported growing application numbers in 2017, however, that number rose to 86% in 2020. 

Lockdowns and social distancing rules have forced students to become used to working remotely. Now the prospect of logging into a webinar or online lecture has become second nature. 

In this landscape, new online programs are emerging. One program to watch is the new online MBA at The University of Oklahoma's Michael F. Price College of Business (OU), which began in January, 2021. 

BusinessBecause spoke to Dr Krish Muralidhar, OU’s professor of marketing and supply chain management who has been involved in the shift to online teaching, to find out why now is the perfect time to study an online MBA.


Business school online is more flexible

Online MBAs offer students a much more manageable experience than in-person study. 

Courses can be easier to manage financially, as tuition fees are often lower.  OU’s new online MBA will cost $35,460 for students to enroll in, substantially less than the full-time option, which costs $54,000 for a streamlined 16-month course. 

With tuition fees for a top full-time MBA costing $168,000 on average in 2020, an online MBA can offer a more affordable alternative. 

“There is a whole group of people who simply cannot afford to do a regular MBA in person,” says Krish. "An online MBA opens up an option for those people.” 

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Students on online courses are also able to work alongside their studies, with classes usually scheduled for evenings or weekends. At OU, online MBA students will study at their own pace, taking anywhere between two and five years to complete their courses. 

Allowing students to continue working throughout their studies means online MBAs have to make less of a commitment than their counterparts on full-time programs, who usually have to set aside two years to study. 

Earning while completing the course also reduces the opportunity cost of an MBA program, making it easier for students to manage their finances and pay their tuition fees. 

Time management is another area where online students may have an advantage. The daily cycle of getting to campus, attending classes, spending time between classes, and then returning home uses up a lot more time than simply joining an online session.

Studies have shown that physical learning can take up as much as 60% more time than studying remotely. Online students can, therefore, benefit from a more efficient learning experience. 

“The time commitment required for an in-person regular MBA is much higher than the time commitment required for an online MBA,” Krish says. 

“Being on campus at regularly scheduled hours is a commitment that, for some people, is simply not feasible.” 

The flexibility an online MBA gives students, therefore, reduces the commitment candidates must make when they enroll into a course, making MBAs more widely accessible.


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Online MBAs foster independent work

Online MBA students will largely pick up the same skills as those studying in person, with courses covering the same mixture of broad business knowledge, finance, marketing and more.

However, working remotely can pose unique challenges for online students which can help them develop different skills. 

“While studying online, your contact with the professor and your friends is limited, so you figure things out on your own a bit more,” Krish explains. 

“Doing an online MBA does breed a certain level of independent analysis and thinking that might not be required if you are in a regular course.” 

A 2019 survey found problem-solving and initiative were among the five most important skills employers looked for in job applicants. By enrolling in an online course, students could give themselves a good chance to develop these skills by working independently. 

More important for Krish is the self-motivation online MBA students have to show. While students in courses taught in person may be motivated by competition with their fellow classmates or their relationship with tutors, online students must do the bulk of that motivating themselves. 

“Students are forced to be independent and not have somebody to ask questions to; being able to adapt to that scenario is definitely going to help them,” says Krish. 


Covid-19 has improved online MBA delivery

The coronavirus pandemic has forced schools to become well practised when it comes to teaching online, meaning the standard of teaching in an online MBA has never been higher. 

While the world has been in lockdown, Krish says this has given schools an opportunity to improve their online teaching methods. 

“A lot of us, especially professors, weren’t too comfortable with doing online material before, simply because that’s not our style, but now we feel that we can do it better,” he says. 

If there were ever fears about the standard of online MBA grads being lower than those who complete a physical course, they are now gone.

“Employers are going to be much more amenable to viewing online programs as equal to regular programs,” Krish predicts.  

Remote courses have been around since 1987, when the first official distance learning MBA was launched at Aspen University, but the Coronavirus has helped learning online become mainstream. 

“If there is anything that has come out of the pandemic, it is that you can do online education now,” Krish says.  

Student Reviews

University of Oklahoma - Price College of Business

Percy

Verified

28/11/2023

On Campus

an Unregrettable choice of university

The University of Oklahoma has been a great experience for me. The professors are all very knowledgeable and willing to help where needed. The campus is also very beautiful and there are plenty of activities going on all the time. The student body is also really friendly and I have made a lot of new friends here. Overall, I'm really glad I chose OU and would recommend it to anyone looking for a great college experience.

Student

Verified

9/11/2022

On Campus

It is a life changing experience for me.

I am enrolled in a Ph.D. program that is research-intensive. I get continuous guidance from my supervisors that help me to conduct my research skillfully. I will gladly recommend students to study here.

Student

Verified

20/10/2022

Online

Good institution

Good institution for in class courses. Online classes are pretty hard because the instructors are most of the time not available. The student has to do everything on their own without any assistance.

Student

Verified

11/06/2022

Blended

Best school ever

This has been the best experience. of my life! Freshman year completely changed my life in so many ways! Through club’s organizations and social events the university of Oklahoma became my home. I loved being there

Student

Verified

25/04/2019

Amazing Univeristy

OU is an amazing university. Love the athletic department so much. They have so much hype and love for their athletes and students typically maintain a healthy lifestyle. I’m engineering student and OU has one of the best teachers and facilities I had so far. I know their engineering program is prestigious but I don’t know much about the other departments. Beautiful campus and amazing social events. Diversity is enormous. LOVE IT SIMPLY.

Molly

Verified

19/12/2023

On Campus

Getting the best at OU

I am a current student at the University of Oklahoma and I must say, I am extremely impressed with the quality of education and resources available here. The professors are knowledgeable and truly care about their students' success. The campus is beautiful and there are always events and activities happening. The community at OU is welcoming and diverse, making it a great place to grow and learn. I highly recommend this university to anyone looking for a well-rounded and fulfilling college experience. Boomer Sooner

Student

Verified

28/11/2023

On Campus

Everybody is really helpful over here

The university has beautiful buildings and scenic fields with benches for enjoying the weather. There are a lot of nice students, so it's a pleasant experience. I thoroughly enjoyed the classes and gained valuable knowledge from the professors. It was a pleasure to work with my professors during my first year, as communication was easy and they consistently made themselves available during office hours, accommodating any scheduling conflicts. I had a smooth academic transition into college thanks to the great faculty.

Sara

Verified

9/01/2023

On Campus

Oklahoma

I would say it is the best university in town. The education, knowledge, curriculum, extra curriculum activities, modern laboratories, big grounds, and spacious classrooms. I would say everyone who can should study here.

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