In a world of rapid change, understanding the benefits of earning an advanced degree in a short time frame may prove valuable to many working professionals. While Ben Franklin's adage "Time is money" may first come to mind, an increasing number of prospective students may find not only a financial advantage but many other benefits to an accelerated degree program such as UNCP's online Master of Business Administration program.
Why Have Application Rates for Accelerated MBAs Been on the Rise?
Advanced degree programs in an accelerated format are indeed gaining ground in North America, Forbes says. Some accelerated degree formats "save time and money, allowing for less lost wages and career time." Plus, more students are choosing one-year degree programs to help them "move quickly to new positions within their companies -- or to jump to other employers," says Ron Alsop, a Wall Street Journal contributor.
Why Are Many Business Professionals Selecting Accelerated Degree Programs?
Some students find that less time spent earning their degree can mean:
Faster career advancement. If students can earn their MBA in as few as 12 months rather than the typical two years or more sometimes required, that may mean new career opportunities and salary growth can come sooner as well, according to the Graduate Management Admission Council (GMAC).
Less disruption to family life. Students may not have to put family plans and life goals on hold when choosing a shorter time frame to complete their MBA. Family members and co-workers may appreciate the efficient structure of an accelerated online format that still offers flexibility.
Less expense. An accelerated online MBA can mean students spend less on tuition while still receiving the same instruction from the same instructors as on-campus students. In addition, employers tend to award one-year MBA graduates with "the same starting salaries as MBAs of two-year programs," reports the GMAT Club online forum.
What Does UNCP's Accelerated Online Format Mean for Students?
When exploring options for earning an MBA online at UNCP, students may find the opportunity for an accelerated pace fits their schedule and career goals.
- Those who already have a bachelor's degree in business may be able to skip the six foundation courses. If so, students take just eight core courses and four elective courses, for a total of 36 credit hours.
- Each course is seven weeks long. When students take two courses, or six hours, at a time -- with six different start dates throughout the year -- they can finish in as few as 12 months.
In today's fast-paced culture, students "with the flexibility, preparation and skills to seize upon new opportunities that lie ahead" are reporting successful outcomes and a promising economic future, according to the GMAC. Those who consider UNCP's MBA in an accelerated online format may further leverage their skills and redirect the course of their careers.
Learn more about the UNC Pembroke online MBA program.
Sources:
Forbes: When Two Years Is Too Long, Shorter MBA Programs Provide Compelling Alternatives
GMAC: Alumni Perspectives Survey Report 2017
GMAT Club: One Year MBA Programs
The Wall Street Journal: The 'Trophy Kids' Go to Work
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