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Friday, June 3, 2016

Online Executive MBA Degree2016-2017-An overview-besteducationservice




Work constraints, family obligations and other commitments may make it difficult for busy professionals to attend a traditional MBA program, which typically takes students about two years to complete full time.

While all executive MBA programs are designed for busy professionals, an online executive MBA degree program offers the ultimate flexibility. Midcareer professionals can gain the skills and knowledge they need to continue the climb up the corporate ladder. Plus, professionals can explore management and strategic tools they can implement in their current organizations immediately.

Executive MBA programs are ideal for professionals who want to learn more about business principles, are in a transitional industry or who want to challenge themselves, experts say.

Course Work

Example courses
Managerial leadership and productivity
Information systems analysis
Professional ethics and practice in business
Global strategic management
Statistical analysis for managers
Managing technology, innovation and research
Admissions requirements

Most online executive MBA degree programs are designed for working professionals with several years of work experience.

Core classes

Students take core classes in management, team building, strategy, marketing and entrepreneurship, among others, in an online executive MBA program.

While students in a traditional MBA program learn the fundamentals of business, students in an executive program learn how to apply business concepts to their organizations to solve problems and become more effective leaders.

Usually students work through the program within a cohort and complete group projects to gauge how to make effective and ethical decisions in the boardroom.

Offline components

Even though students complete course work online, they can take their studies offline by participating in business plan competitions and international immersion experiences. Sometimes short-term visits to campus or study tours to other locations are required.

Additional opportunities

Many schools also offer career development, mentoring and other services to help students excel.

Job Outlook and Salary

Median salaries*
Director of operations $84,000
Business development director $101,000
Chief financial officer $119,000
Chief operations officer $133,000
President $143,000
Chief executive officer $153,000
*per PayScale.com

Professionals who seek top executive positions will face tough competition, but an executive MBA degree can help applicants stand out.

In a 2012 survey conducted by the Graduate Management Admission Council, 76 percent of executive MBA graduates said they had a job offer at graduation. However, the survey also found that most executive MBA grads weren’t looking for jobs once they finished their programs.

The Executive MBA Council, an industry group, touts an improved network of contacts, a global perspective and opportunities for greater career responsibilities as some of the key benefits of the degree.

Pay

In 2013, recent graduates of executive MBA programs reported the average value of their salary and bonus package had increased by about 14 percent by the end of their program, according to a survey from the Executive MBA Council.

For those who reach the top, the financial reward can be great, with chief executives earning a median salary of about $153,000, according to PayScale, an online salary database.

Professional associations

Alumni networks and professional associations such as the National Association for Female Executives and the Young Presidents’ Organization can help graduates facilitate connections and can lead to job opportunities.

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