MBA- Now Faster, Shorter and Cheaper

Do you want to earn a management diploma or degree, but don’t have the time needed for a full time course? Can an online programme help you achieve your targets?

First let’s look at some facts....

The demand for MBA degrees is increasing wildly among students, professionals and employers across the globe. A new survey from the Graduate Management Admissions Council (GMAC) reveals that employers plan to recruit more business graduates in 2014. According to the study, around 80 per cent of recruiters plan to hire MBAs, which is a 7 per cent increase from last year.

According to the President and CEO of GMAC, Sangeet Chowfla, the growth in demand is seen across all sectors, industries and countries. He says, “MBAs have always been valued by employers, but this survey shows that as the economy improves, employers see MBAs as a good investment into their future.”

Now that we know about the prospects of studying business, let’s find out what type of MBA programmes will allow you to learn what you want as quickly as possible?

Luckily a number of institutes and B-schools are offering one year business management programmes, both online and on-campus, that will allow you to get the qualification you want within the time you want. Short postgraduate diploma courses are perhaps the perfect option for those who don’t have the time to invest in a full time course. You can complete these courses within a few months and start your career fast.

Why choose short MBA programmes?

Postgraduate Diploma in Management and other short MBA courses help you to gain knowledge about your area of specialisation and enable you to develop specific skills. As the courses focus on the basics of each subject matter, you can develop a comprehensive idea about business management in a short period of time.

On the other hand, full time MBA courses take a lot of time to complete and are much longer than the short courses. Moreover pursuing a traditional MBA degree from a recognised B-school in US or UK will cost you a lot of cash. However, the return on investment is much lower than that of online courses and other shorter programmes. Graduates from US business schools get jobs that offer only minimal increment from their previous careers. According to the latest MBA rankings published by The Economist, graduates from Harvard Business School get only a $10,000 increment in their immediate post-MBA careers.

Are shorter MBA courses financially beneficial?

Currently the demand for shorter management programmes, particularly online Executive MBA programmes, is increasing exponentially worldwide. According to The Economist, recent studies show that shorter and affordable MBA programmes offer you more value for your money. The latest MBA rankings, which are entirely based on return on investment, published by the newspaper supports this claim.

Generally, MBA students are compelled to move out of employment in order to pursue their qualification. Moreover business school students tend to spend more than $100,000 in getting a recognised MBA degree from a reputed institute. Hence it is important that you get proper returns on your business management tuition fees.

Here comes the advantage of cheaper and smaller schools which offer you the best value for your investment. HEC Paris is in top of the new MBA rankings list and is regarded as the most economical business school in the world. Although the institute maintains a lower profile than leading B-schools in the US, it is still a reputed and prestigious institution. Graduates from HEC Paris are able to earn enough money that they can pay off their student debts within just 2 years.

What benefits can you expect from short online MBA programmes?

Shorter and cheaper online MBA degrees and Business diploma programs offer much better returns to students across the globe. However, these online programmes also offer various other benefits for the graduates. After earning an online postgraduate diploma or degree in business, you will get much better job opportunities and make smoother career transition. Moreover you will able to build a rewarding career in your desired industry without having any geographical restrictions.