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.
