Posted by fmba
on Feb 17, 2015 in Online MBA
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For ambitious executives looking to make the next step in their career, an additional qualification can seem like a good move. And with an ever-growing number of courses available via distance learning, their goal is now closer than ever.
Most business schools offer a range of courses online, from the classic MBA to more specialised masters' programmes in fields including marketing, finance and HR. While some involve the option of a face-to-face segment of the course, many can be completed without the need to physically attend the university at all.
But for those considering this option there are several key questions. What does distance learning involve? How do the courses differ from those taken face-to-face? Can it fit in with a busy, and sometimes unpredictable, working life? And, crucially, is it worth it?
For Travis Callaway, the answer to that last question is unequivocally yes. Callaway, who graduated last year, took the global MBA at Durham University while working in sports advertising in his native Canada. And already he has seen the effects. "I've been given more responsibility and a pay bump, and had I not taken the course there's no way that would have happened," he says.
And he is not alone. Research from the Forte Foundation published last year suggests that MBA students can expect an average pay increase of 35-45 per cent on graduation, rising to 55-65 per cent five years later. Callaway, 29, has been working in sports advertising since completing his first degree at 21. But although he had been promoted several times, he thought an MBA would give his career the boost he was looking for. "Career progression was the main factor for me, and it's always good to get new skills," he says. He also saw it as a possible springboard for moving into a career in finance.