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Distance Learning Business Degree

Updated on December 2, 2009

Distance Learning Business Degree

Many people choose to pursue a distance learning business degree in order to enhance their career prospects. There are now a great many schools that offer online business management degrees, in fact you’d be hard pressed to find a university that didn’t offer an online MBA.  However, just because there are many degree choices available doesn’t necessarily mean you should get one.

Virtually every university now offers distance learning business degrees mainly because they are a great cash cow for the schools. There have even been a huge number of schools founded specifically to offer online business management degrees. Schools like the University of Phoenix make a huge amount of money off of their business degree programs. These programs are usually at the masters degree level because that’s where the money is.  Did you ever wonder why a one year MBA costs more than a four year bachelors degree?

Masters degree business programs are so expensive because there is such a huge demand for them. There is such a huge demand for them because virtually everybody in the business world thinks they need one to get ahead.

The problem is that for most people the career benefit of an MBA doesn’t match the costs of getting one. Spending fifty thousand dollars to get a degree from Harvard is usually a good investment, spending thirty thousand dollars to get an online business management degree from a state university may not be such a good deal.

The reality is that the reputation of a school is a major factor in the value of a degree program, this is especially true in the business world. Ivy league graduates will always have an advantage over people who got a distance learning masters degree.

Another consideration is that one of the primary benefits of getting an MBA is the networking opportunities. These opportunities don’t exist with distance learning programs which greatly reduces their value.

You also need to realistically evaluate whether you really need one to meet your career goals. The truth is many people enrol in online business management degree programs because they believe they need them for career advancement. A lot of those people really don’t need an MBA. The MBA is intended primarily for people in upper management and the simple fact is that most people will never reach a job that requires them to have a masters business degree.

An MBA can be a great way to advance your career but you have to make sure you get the right one. A distance learning business degree may seem like a convenient way to get the education you need to get a better job, but in fact they aren’t really a good investment. If your going to spend the money to get a masters business degree you really should invest in attending a residential school. More than anything this will help you to stand out from the competition who have an online business management degree. Admittedly the sacrifices of doing this will be greater than taking the more convenient online option, but in most cases the investment is worth w

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    • bdouble28 profile image

      bdouble28 

      7 years ago

      I wasn't aware you could earn a business degree online. Are there accelerated courses or does it take the same amount of time as a traditional program?

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