MBA has become an important degree to hold if you are in management or any business field. However, not everyone has the ability to take a break from their careers and join a full-time MBA course. The right solution to this matter could be online MBAs. In the next few paragraphs, EDUopinions is going to talk about the most affordable online MBA programmes, what they are and if they are worth it.
the 10 cheapest online MBA programmes:
EU Business School MBA Online Programme
This is a one-year, three-term, full-time degree in which students develop their knowledge and skills that relate to Business, Finance, Law and Media Communication. The programme is taught in English. You will also have exchange opportunities at EU Business School campuses in Geneva, Barcelona, and Montreux. The tuition fees for the programme are EUR 18200.
MBA at IU International University of Applied Sciences
This distance learning programme is ideal for people who want to get ahead in the world of business. The MBA goes on for 12 to 16 months. The online and flexible MBA at IU allows you to work whenever and wherever. Plus, the courses are taught in English. The total programme fee for the two-year MBA programme is EUR 16605. Want to know more about Scholarships at IUBH Online? Contact us today.
MBA at Alba Graduate Business School
This online programme is offered by Alba Graduate Business School, an AMBA-accredited Business School. It is addressed to working professionals looking to expand their business understanding and accelerate their career into upper-level management or start their own ventures. This MBA will allow you to choose your preferred 2 courses out of the other three concentrations: Supply Chain Management, Digital Transformation and Shipping Management. The tuition fees for this part-time programme are EUR 9980 and its duration is 28 months.
MBA in Strategic Management at Apsley Business School
This MBA is designed for professionals who want to practice the day-to-day of the business. The programme is flexible but there is a strict focus on the quality of your assessed work. The programme can be completed in nine months depending on your study plan. The whole MBA is accredited at 90 ECTS. For entry to Strategic Management at Apsley Business School, you need to have a Bachelor degree plus 3 years of professional practice. The tuition fees for the programme are EUR 6800 / EUR 6000 depending on your study plan.
Global online MBA at Middlesex University
The Global Online MBA by Middlesex University is designed for those busy professionals who want to study online at their own pace. In the first year, students will focus on the core MBA disciplines of Strategy & Innovation, Managing & Developing People, and Financial & Economic Analysis. Students can customise their MBA by an elective option in their second year such as Digital Marketing or Entrepreneurial Management. The total programme fee for the two year MBA programme is EUR 16000.
MBA at The Open University UK
This is a distance-learning MBA that will help you to acquire skills in the workplace. This MBA is ranked as the 5th best online MBA in the world and 1st in the UK by CEO Magazine’s Global Online MBA Rankings (2019). The MBA at the Open University is also ranked highly by employers: 13th by Times Higher Education.
Online MBA at Maastricht School of Management
This part-time MBA at Maastricht School of Management provides the same high-quality management education as their on-campus MBA programmes. This is a 100% online set-up of the programme that will save you time and money for travelling abroad. The courses are covered in 8 modules. The total programme fee for the two-year MBA programme is EUR 32595.
MBA at University of Nicosia
This MBA is part of the University of Nicosia’s distance learning programme. It aims to provide students with a solid foundation of business education enabling them to become effective managers. After this course, the students can expect to become managers or senior managers in different areas of private interest and organizations.
MBA with a specialism in Oil and Gas Management at Heriot-Watt University
This online MBA is made to provide students with the skills needed to work alongside public and private oil and gas producers. The core courses at Heriot-Watt University include Accounting, Economics, Finance, Marketing etc.
MBA at University of Northampton (Top-Up)
This one-year online programme at the University of Northampton is designed to enable holders of the Diploma in Management Studies (or the equivalent UK and international qualifications) to gain an MBA qualification. The total programme fee for the two-year MBA programme is EUR 3510.
Why you Should Study an Online MBA?
Are online MBAs worth it?
Online MBA degrees are gaining popularity as there are several advantages that come with them. You do not have to quit your work to join these programmes. It provides maximum flexibility to students. If you are on the road often, then the classes can be taken from an airport or a hotel room as well. Unlike a full-time MBA, these programmes do not demand that you sit in classes a couple of days a week. Plus, if you are already employed, there is a chance that your employer could pay for half of your education.
However, since you are already working, most of the companies who come for placement pick students from the full-time MBA programmes. However, many graduates of online programmes are reporting positive outcomes immediately after getting their degrees. According to Forbes, At Indiana University’s Kelley School of Business, online graduates are reporting average salary increases of 29% over their pre-MBA pay.
Is an online MBA the same as a regular MBA?
While both MBA types focus on the same curriculum, there are some differences. Online MBA degrees provide you with flexibility that a regular MBA does not. However, you are not going to master interpersonal and people management skills. That is because you will be attending classes online and will not be directly communicating with your teachers and classmates. Face-to-face interaction is a crucial aspect of the MBA experience. Plus, meet-ups and networking events provide excellent opportunities to meet industry leaders.
How long do online MBA programmes take?
An online MBA can take as few as nine months to four years to complete. Many universities require about 30 credit hours, so depending on the school that you choose and its course layout, you should expect to spend about two years completing an online programme.
How much does an online MBA cost?
According to TopMBA.com, the average cost of an online MBA is approximately EUR3,608. The cost, of course, depends on the country and university.
Now that you have a fair idea about the cheapest Online MBA Programmes and what is the difference between an online MBA and a traditional MBA, you will be able to make a better decision.
You can also read:
- The Best Online Part-time MBAs
- The 7 Most Affordable Online Masters in Marketing
- The 10 Most Affordable Online Masters degrees in the UK
- The 5 Most Affordable MBAs in Germany
- The Most Affordable Universities in London
Editor’s note: This article was first published on the 29th of October 2020. We’ve updated it for current readers.