While more people are aware of them nowadays, there are still plenty of myths and misconceptions floating around about online MBAs and online learning in general. Many of these myths come from the early days of online courses, and some were warranted back then. But things have greatly changed since then, and reputable online MBAs are getting the same recognition as any other type of MBA. Let’s take a look at some of the biggest and most pervasive myths about online MBAs.
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Online MBAs are Not Respected in the Marketplace
This one is just a flat-out lie. First of all, there isn’t a big stamp that says “online” on your degree if you got it through an online program. Your degree will look just like anybody else’s, and that’s because you will have received the same level of education.
What ensures this is accreditation. When a school is accredited by a reputable body, that means that the accreditation agency deemed that their classes met the quality standards needed. So, their online course will be recognised around the world and you’ll be able to transfer credits.
You need to look for accreditation from the top three international accreditation agencies (AACSB, EQUIS, and AMBA). Ideally, you want a top-rated online MBA that has all three, or triple crown accreditation. These are the most highly regarded online MBAs you can find and you can rest assured that they will not only be respected, but be of very high quality.
The other thing that will matter when it comes to your online MBA is the school you got it from. The school and the reputation of its MBA program are what will truly make a difference at the end of the day.
Online MBAs are a lot Cheaper than Traditional MBAs
While it is true that you can expect to save money through an online MBA, don’t expect that tuition to be drastically cheaper. The school still has to pay its faculty and keep its programs up to date. However, there are plenty of ways that you could end up saving by going for one. For example, you won’t have to move from wherever you are now. This means you won’t have to pay for student housing, you won’t have to commute to class, and you’ll also find yourself having less of a need to eat out. You won’t have to spend as much on manuals either since everything will be digital. Not to mention that you’ll be able to integrate your studies with work better. A lot of students can keep their day job thanks to the convenience online classes offer. The ability to enjoy a full income while going to school is a major advantage to many, especially those who have families to feed.
Online MBAs are Not Good for Networking
This is another myth. We have so many tools at our disposal right now that make distance communication seamless. Online MBAs are not just a great option for people who want to network, but they might even be better in some cases. Communication in general is made easy with online classes. Some people say that communication between students and teachers is better online since questions are easier to manage through chat than in a live setting.
But what makes online MBAs so interesting for networking is the unique cast of characters that they attract. You’ll find professionals from all sorts of fields, ex and current business owners, executives, and international students. You’ll get their insight on new opportunities and the realities of being an entrepreneur. There are plenty of ways for students to meet in person outside of class as well. Many schools will hold events and have resources, but often, students will do it out of their own volition. So, don’t assume that you’ll be isolated – quite the contrary.
In some cases, online classes allow certain types to come out of their shell more. Not everyone will feel comfortable in a crowded class setting, but they might be more comfortable online. This allows introverts a better chance at making connections.
Online Classes are Easier
It would be a big mistake to go into online classes thinking it will be easier. While they can be convenient, they are far from easy. As a matter of fact, they could be harder depending on the type of person you are. If you’re the kind of person that needs a kick in the back to get on with your work and remember your assignments, you might struggle with online classes. You need to be a great self-motivator and have a lot of discipline with online classes. This is especially important if you’re following asynchronous classes.
So, before you go in, you have to assess what type of student you are and be very honest with yourself. If you have any doubt, then you might not be the best suited for these classes. You also need to make sure that you will be able to function on your own. Not everyone is suited to this way of learning, so we suggest you watch a few open lectures first and see if you could imagine doing this for a whole semester.
Online MBAs are for Tech-Savvy Individuals
While there is a strong emphasis on technology in online MBAs, this is true across all MBAs. You will need to be tech-friendly to succeed, but you do not need to be an expert. The tools used in online classes are easy to use and accessible to people of all levels. As long as you can use a computer and view a website, then you can learn online. It would be a good idea to get familiar with tools like Moodle and Canvas first, but it’s not entirely necessary as they’re very intuitive.
These are all examples of myths that are being perpetrated about online MBAs. Make sure that you learn more about them from people who actually went through the experience instead of relying on hearsay.