Mx12345 Posted August 22, 2019 Posted August 22, 2019 I’ve been with my company for seven years. I have seen it grow from $12MM annually to $26MM annually. I used to be the only person who did my job. As the company has grown however, I now oversee four people. I report directly to the owner of the company, and I have gone from Specialist, to Manager, to Director in my field. I had my annual review last week, and the owner basically said without more education, I’m capping out on how much further I can be promoted, and how much more my salary can be raised. I started with the company when it had 60 people and was still floundering in processes. Now we have almost 250 employees and I have been instrumental in putting processes and procedures in place in my department that has helped the company become accredited for various certifications and pass audits. The owner has always given me a substantial raise for these things and a nice bonus. During my review he asked if I would consider getting my MBA and the company would pay for 50% of it as long as I signed a commitment letter. I currently only have my bachelors in my field. I graduated from college 10 years ago. I wouldn’t even know how to begin focusing on school as well as work. But if I’m to be a CFO I need an MBA (the owner said he would like to eventually see me in a CFO position, we currently don’t have one, him and I both pretty much do the work of a CFO.) I’ve been looking at online MBAs. Does anyone have any experience with those? I work 45-50 hours regularly so I can’t really be taking time to go to actual classes. I need something I can do after work and weekends. What are actual assignments like? How many hours would I need to dedicate per week on average? Will I have absolutely no life outside of work and studying? I will say I’ve always been book smart. I got a full academic scholarship to go to college, and graduated cumlaude from college. But it seems overwhelming. Any advice is appreciated.
Veronica73 Posted August 22, 2019 Posted August 22, 2019 (edited) I have not gotten an online MBA. I know people who have gotten their masters online. If I were you, I would focus on actual universities that have physical campuses and that have good reputations. And that when you get your degree, it doesn’t indicate that it was done online. That it’s the exact same qualification that the people who do it at the physical brick and mortar school get. For example, Northwestern University offers some online masters programs that are like that. (I don’t know about MBAs). But I’d pick someplace like that. (Sorry if this is all obvious). Edit: the people I know who have gotten their masters online have done it part-time and I think it took them probably 4 years to finish. Edited August 22, 2019 by Veronica73 1
alphamale Posted August 22, 2019 Posted August 22, 2019 most online degrees (Masters or whatever) aren't worth the paper they are printed on. employers know that only the lazy and bottom of the barrel students go for an online degree. get a regular degree from a legitimate accredited MBA program. It'll be harder to get but it will be worth more. Better promotions, better salary, better prestige.
divegrl Posted August 22, 2019 Posted August 22, 2019 There are many online MBAs offered thru standing universities. They are very high cost, as they know most employers will be offsetting the expense. Online classes will be required during the week and then every 2nd weekend you meet with professors and classmates at the university. When going for your MBA you will only have time for work, study and case projects. Have a beautiful day my friend!!!
Rayce Posted August 22, 2019 Posted August 22, 2019 most online degrees (Masters or whatever) aren't worth the paper they are printed on. employers know that only the lazy and bottom of the barrel students go for an online degree. get a regular degree from a legitimate accredited MBA program. It'll be harder to get but it will be worth more. Better promotions, better salary, better prestige. ok... I got both my Bachelor's degree and Master's degree online from a legitimate accredited program... Just because I did it online does not make me lazy and bottom of the barrel student! It was very hard... I worked full time and went to school full time. It took 4 years of my life.. I was working, eating, studying and sleeping. 2
CautiouslyOptimistic Posted August 22, 2019 Posted August 22, 2019 most online degrees (Masters or whatever) aren't worth the paper they are printed on. employers know that only the lazy and bottom of the barrel students go for an online degree. get a regular degree from a legitimate accredited MBA program. It'll be harder to get but it will be worth more. Better promotions, better salary, better prestige. This is 100% false. Do your research to make sure you're not getting a worthless degree from a diploma mill, but this is 2019.....if schools are NOT getting on board with online learning, they are the ones who are lazy, not the learners. I know loads of people who have gotten their master's online, and I make my living researching higher education degrees - both on-campus and online. It's not what you think.
CautiouslyOptimistic Posted August 22, 2019 Posted August 22, 2019 There are many online MBAs offered thru standing universities. They are very high cost, as they know most employers will be offsetting the expense. Online classes will be required during the week and then every 2nd weekend you meet with professors and classmates at the university. When going for your MBA you will only have time for work, study and case projects. Have a beautiful day my friend!!! OP, just do your research. They are not all the same in cost or in-person requirements. I do agree you won't have time for much else, though, if you are also working full time.
Author Mx12345 Posted August 22, 2019 Author Posted August 22, 2019 Thank you everyone! I am trying to look at MBAs that are 100% online but also AACSB accredited. The schools I am finding are mostly out of state so I wouldn’t ever be visiting the campus. Most of the online ones say I can finish in 18 months. I’m guessing thats back to back classes? I’m trying to reach out to people I know who got their MBA and worked full time to get an idea on how to balance everything. My job can be very stressful as it is.
Mr. Lucky Posted August 22, 2019 Posted August 22, 2019 most online degrees (Masters or whatever) aren't worth the paper they are printed on. employers know that only the lazy and bottom of the barrel students go for an online degree. get a regular degree from a legitimate accredited MBA program. It'll be harder to get but it will be worth more. Better promotions, better salary, better prestige. I'll just suggest your info is outdated. At one point, online degrees were indeed from questionable outfits like Corinthian college, the latest in a series of diploma mills. But almost all major colleges, Ivy League schools included, now offer online undergraduate and graduate programs. It's a brave, new world... Mr. Lucky
Mr. Lucky Posted August 22, 2019 Posted August 22, 2019 During my review he asked if I would consider getting my MBA and the company would pay for 50% of it as long as I signed a commitment letter. Pretty substantial benefit, considering the cost of some of the better programs. And you might get some financial aid to offset the other half. As daunting as the idea is, sounds like it would be well worth the time and effort invested... Mr. Lucky
Foxhall Posted August 22, 2019 Posted August 22, 2019 I do teach some of the professional accountancy exams which would require around the same level of commitment, these are generally evening classes with the participants holding down busy day jobs, I find the younger learners from degree backgrounds tend to be prepared for the level of commitment involved, this demographic also benefit from generous "study leave" from their workplaces. the older more mature learners who are coming back to study after a number of years away- to be honest this group find it harder to devote the necessary time, on balance working 45 hours plus in a day job is not complimentary with undertaking a course which requires a significant amount of study. Id estimate you would need approx 6-7 hours of study time per week on top of computer lectures time, personally If I was a student again Id only undertake the course if I had support from the employer in terms of completing it- (unpaid leave off even), dont let me put you off though!
CautiouslyOptimistic Posted August 22, 2019 Posted August 22, 2019 what about learning the old fashioned way? How old fashioned? Like a one room schoolhouse?
Rayce Posted August 23, 2019 Posted August 23, 2019 How old fashioned? Like a one room schoolhouse? lol... little house on the prairie type. lol... 1
alphamale Posted August 23, 2019 Posted August 23, 2019 How old fashioned? Like a one room schoolhouse? no, like walking into a classroom, listening to a professor that can barely speak English and trying to take notes. Also, don't forget the experience of taking exams with your classmates looking over your shoulder to try and get the correct answer 1
alphamale Posted August 23, 2019 Posted August 23, 2019 lol... little house on the prairie type. lol...
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