Online Diplomas are Economical and More Beneficial for Learners, Says Wharton Study

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In the present economic scenario and challenging job market, an MBA can certainly help you to get a competitive edge over others. As business education helps you to acquire essential managerial and leadership skills and gain business knowledge, you will be able to make your mark at your workplace and successfully achieve your career goals. 

Are Full Time MBAs Worth It?

 

But as traditional full time MBA programmes have become excessively expensive, does it make sense to study an MBA? Is an MBA degree worth emptying your bank account? To be honest, I don’t think so. Earning an MBA is certainly beneficial, but there is no point in getting crippled by student debt that you will end up repaying till your 50s. 

Does It Mean You Cannot Get a Business Degree? 

 

No…you can still study business and avoid debt by simply going online. Pursuing an online postgraduate strategic management diploma will ensure that you acquire necessary business skills and fast track to an MBA degree without shelling out too much money. At present, numerous students are opting for online diplomas and MOOCs as these are not only affordable, but offer quality education and recognised qualifications. 

Online Is Simply Better 

 

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A recent study, conducted by 2 professors from the Wharton School of the University of Pennsylvania, reveals that online education programmes can be more beneficial for learners than conventional classroom-based programmes. The report, named “Will Video Kill the Classroom Star? The Threat and Opportunity of MOOCs for Full-Time MBA Programs,” evaluated the effects of video technology or “SuperText” utilised by online diploma programmes like MOOCs. The authors discovered that it can help to develop MBA programmes that are 40 per cent cheaper than traditional programmes. 

Not Just Low-Cost, But More Effective

 

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At present, full time MBA courses cost around $1,500 to create, whereas with online diplomas “it costs just pennies to register a new student in a MOOC,” says Seb Murray of BusinessBecause.com. Hence an online diploma in strategic management is not only more affordable, but it will be more beneficial for you as well. As these programmes use “SuperText” via online learning tools, video lessons and community-based social networks, it will help you to learn at your own pace by meeting your specific learning needs. 

Karl Ulrich, Co-author of the study, says “In a classroom, every participant is forced to share an identical experience. With SuperText, the learning experience can adapt dynamically to the needs and preferences of each individual student.” 

His partner and Co-author Christian Terwiesch further comments “As simple as it might sound, the SuperText has a rewind button. You watch that video and you get confused so you just rewind it, pause it, text a friend and get an explanation. That’s actually more adaptive than the traditional classroom environment.” 

Fast Track Your Diploma

 

The study clearly reveals online education is a better option for you. Pursuing a postgraduate strategic management diploma from an accredited online B-school will make you a better manager and business leader. If you are already working, then you will be able apply your knowledge at work immediately and develop strategies to progress your business. Furthermore you will also be able to fast track your diploma into a recognised MBA. 

A fast track MBA degree will ensure that you get the next big promotion and become prominent manager with a lucrative salary in your organisation. It will also enable you to switch your career and get into a new field as well as start your own business. 

The benefits of studying a business diploma online are unfathomable. If you want an accredited, affordable, quality and recognised business qualification, then an online diploma can help you achieve your target. 

What Do You Think? 

 

Are you an online learner? Are you already planning to pursue an online MBA? Share your views and add to the discussion by commenting below.