Students and professionals who are interested in pursuing a Master of Business Administration degree should carefully consider the pros and cons of the traditional versus online MBA. Here is a list of things that point out the difference between the two ways to get an MBA program to help you choose which program to enroll in:
Comparing the general expenses (tuition, educational mba materials, transportation expenses and living expenses) of the programs, it is cheaper to study an online MBA than a traditional on-campus MBA. This is because taking an online MBA can save you a lot just on transportation and living expenses as you don’t have to travel to school or move to a place near the university you were admitted to.
There is no doubt that being in a classroom promotes interaction between your classmates and teachers. And since a traditional MBA program requires you to attend lectures and exams in a classroom, it encourages each student to have healthy discussions and arguments with their peers and professors, which builds their public relations. It allows students to work with different people, interact with varied personalities to better prepare them for the real world work environment. It prepares them to be interactive and not aloof in the workplace. In contrast, taking an MBA online uses online media (emails, audio and video files, and e-learning software) and virtual interaction (chat, discussion boards, and forums) to convey information and communicate and discuss ideas. This limitation in real interaction with other students can hinder the networking potential that is important in the business world. Despite this, online MBA students are tech-savvy because they have been trained using online technology during their coursework, making it an advantage in today’s ever-increasing advancement of internet technology.
Traditional MBAs have always been superior when it comes to preference because they are the most favored by students. Additionally, students who graduate through this program are greatly appreciated. But with the growing internet market industry, many universities offer online courses to make the MBA program more available and affordable for students.
Convenience is the main advantage of the online MBA over the traditional MBA. The traditional MBA is not suitable for professionals who are still working but want to pursue an MBA degree because class times are not flexible unlike online MBAs. For online MBA, you can arrange classes to suit your own pace and time, and in the comfort of your home or workplace. People who have jobs or have to stay home to care for their children don’t have to interrupt their work or family time. You do not need to move or take time off from work to attend an MBA program.