A List of 7 Popular MBA Subjects

When you study for an online MBA, you usually have a set of electives to choose from. You may even be able to major in a field by taking multiple units from a particular study stream.

While management and leadership studies feature heavily in almost every MBA program, here are some other topics you may be interested in. These form a list of popular subjects that offer career benefits for MBA degree holders.

Marketing

Marketing

Marketing often makes the difference between a company’s success or failure. Marketing professionals find out things like a way to value product, where to sell the product, and how to advertise your goods or services.

Students majoring in this area generally learn advertising, public relations, pricing management, product development, finance and basic accounting. Career opportunities for marketing graduates include marketing specialist, copywriter, product developer, media director, marketing communications manager, social media specialist, and the list goes on.

Accounting

Accounting

With an accounting specialisation, you gain knowledge of each aspect of the business and should be able to discern the bottom line of any business. Accounting is a rigorous major and some consider it the most difficult major in graduate business schools.

An accounting major in an online MBA program could see you studying financial analysis, tax accounting, auditing, business law or managerial or governmental accounting. Accounting experts enjoy great job security because companies across all industries are always in need of their services, including positions such as a chief financial officer, public accountant, forensic accountant, managerial accountant, tax accountant, financial planner, etc.

Human Resources

MBA candidates who focus on human resources will learn principles and strategies that can be used to improve the productivity of an organization and increase the effectiveness of employees.

HR professionals usually handle a vast array of tasks including recruiting employees, assessing new employees, dealing with organization conflicts, and managing the payroll for existing employees. There are many routes into senior positions in human resources, such as employee relations manager, human resources manager, compensation manager, and benefit analyst or manager.

Entrepreneurship

An entrepreneurship major opens up all kinds of doors if you aspire to start, own, and manage your own business. The study area typically includes courses to equip you to successfully get a venture off the ground.

MBA students typically study management and leadership but are also able to develop skills in fields such as marketing, entrepreneurship and finance.

Slick Net Smarter Learning

An entrepreneurship program could cover topics such as the entrepreneurial mindset and leading business operations. Graduates with an entrepreneurship MBA are well positioned for careers such as business consultant, sales manager, research and development manager, and business reporter.

Finance

A finance major helps you to expand your knowledge about financial management and even educate others on how to properly manage and handle their personal and corporate financial matters.

With an MBA major in finance, you can explore a wide range of careers such as financial agent, financial advisors or analyst, insurance policy developer, and stockbroker. Graduates with an MBA degree in finance enjoy employment opportunities with high salaries, high employment rates, and high projected job growth over coming years.

Economics

Choosing economics as an MBA major will equip you with an eye for economic trends as you learn more about the economy and its policies. Economic professionals are able to analyze data using statistics, computer software, market trends, and charts to provide the best financial decisions for their clients or employer.

According to MBA Central, specific subjects you may study as part of an economics concentration are: “global markets, local economies, public policy, consumer behavior, pricing indices and purchasing power.”

After graduation, you are well positioned to pursue a career as an economist, data analyst, economic researcher, financial planner, and financial risk analyst.

The Business category includes: accounting, advertising and marketing, business to business services, construction, industrial goods, investing, jobs and careers, management, opportunities, real estate, textiles, and transport.

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International Business

International business and commerce concerns commercial transactions that take place between companies and governments across different countries. Typical coursework for this program covers financial markets, business ethics, a foreign language, international finance, global logistics, and international monetary policies.

International business MBA graduates are presented with appealing job opportunities, such as logistics specialist, operations associate, compliance manager and business developer.

7 Career Benefits of an Online MBA Degree

The career benefits of getting an MBA are huge and we’ll go through a list of the main advantages here. Interestingly, you can mount a fairly strong case that an online MBA degree offers a greater career boost overall compared to an MBA degree that you get by attending a campus.

Why People Go for an Online MBA for a Career Boost

Acquiring a professional business degree, especially an MBA, produces both obvious and subtle benefits for your career. Moreover, those benefits often go beyond your professional goals and are even applicable to your personal life as well. An online MBA allows you to get those gains without having to travel for classes.

Whether you work in technology, finance, marketing or manufacturing, an online MBA degree will open up opportunities for greater career advancement and responsibility, as well as an increased financial reward. Stay with me to explore in more detail why people are choosing online MBA programs for a career boost over both the short and long term.

1. Keep Building Your Career While Studying

The ability to keep working full-time while you study gives an online MBA program a significant career advantage over on-campus counterparts. It allows you to continue gaining professional experience and building workplace relationships uninterrupted.

You can do continue working full-time while doing certain types of on-campus MBAs, such as executive MBA programs where classes tend to be held on weekends or evenings. But having to turn up to classes at all makes it much tougher to put in the required study hours without disrupting your professional life. You would also be restricted to choosing programs based near to where you live and work.

2. Networking Opportunities

Networking

An MBA program can help you build enduring connections that can open a variety of job openings to you. Students who are currently taking up professional programs will have higher business opportunities. Most universities allow you to get to know or interact with peers and other professionals that have years of on-field experience.

By obtaining access to a wider business network, you will surely gain a deeper understanding of the business environment and have better chances of landing your dream job. The benefits also apply to online MBA programs.

There are counterpoints to the argument that, with respect to networking, on-campus programs are better because you meet people in person. While in-person contact is great, online programs allows you to connect with more people and without geographic limitations. For example, online MBA programs from Ducere Global Business School include industry projects where students work with CEOs and other senior professionals on meaningful business tasks.

3. Increased Job Opportunities

An MBA qualification, whether you earn it online or not, lets senior managers know that you have something that distinguishes you from the competition. This engenders trust in you and increases the likelihood that you will be put you in charge of a team or other important tasks.

People who lack an MBA qualification sometimes find it difficult to climb up the corporate ladder and experience a “glass ceiling” situation. Studies have shown that MBA degree holders are more likely to obtain top-level positions in major companies.

With that in mind, earning a Master of Business Administration degree will qualify you to apply to executive positions and dramatically increase the career opportunities available to you. Here is a list of likely MBA career paths and job opportunities.

4. More Subject Matter Expertize

An online MBA can help you gain in-depth knowledge that will make you more credible and give a boost to your managerial, leadership and other skills. Clearly, having a professional degree adds a new dimension to a graduate’s talents. This qualification provides you with an excellent credential that many employers and companies see as superior to other educational attainment.

Online MBA courses are ideal for people who know what they want to do with their career, and are committed to becoming managers, and want to build a firmer skill base in a specific area. Studying online allows for more specialization because you can choose a program from anywhere.

When you choose to specialize in a particular field, you demonstrate mastery over a specific sector. Depend on your particular career path, this can be beneficial in comparison with someone without an MBA degree.

5. Increased Earning Potential

Making money

The potential salary boost from an MBA is often one of the utmost considerations when professionals decide whether to further their education. Many studies have concluded an MBA provides you with greater earning potential.

But the benefits do depend on which field you go into. According to U.S. News, MBA graduates who entered management consulting command salaries nearly $73,000 higher than those applicants who entered the lowest-paying industry. An MBA is especially beneficial in consulting because it gives you credibility with prospective clients and gives you the knowledge to communicate effectively about management tasks.

6. Develop Advanced Skills

Studying an MBA degree forces you to step out of your comfort zone, which will prepare you to compete in the highly contested business world of today. The wide range of complex skills and abilities you develop are tools you can adapt to the unavoidable changes in the marketplace, industries, and the ways people do business.

As you learn valuable skills, you will also gain more valuable insights that might lead you down a business path very different from where you had expected to go. However, it is important that students are able to leverage the experience and apply what they learn in the program to their current careers for real-time career acceleration.

7. Helps You Reach Your Full Potential

Online MBA programs generally require you to work cooperatively with a diverse group of professionals. Hence, they cultivate your collaboration skills, push you beyond your comfort zones, and increase your ability to adapt to changing business environments.

Generally, the skills that you can acquire from online MBA programs — leadership, creativity, intellectual, cross-cultural awareness, critical thinking and communication — will serve you well as you climb your way up the career ladder. Students are exposed to the process of screening, validating, and building new concepts, equipping them with the ability to test ideas in a real business and non-business settings.

8 Cheap But Good Online MBAs from Around the World

Studying online for a career-boosting MBA doesn’t have to be expensive. Here is a list of 8 cheap online MBA programs of good quality from around the world. Each costs less than $30k.

The options for getting an MBA online seem to be improving all the time. We can thank innovation as well as competition for students. Universities and colleges recognize that students want to earn an MBA without wasting a lot of time and money.

MBAs are extremely popular and the number of higher education institutions offering online courses has soared — along with the rise in demand for digital learning. In Australia, for example, an estimated 52% of postgraduate business students already did their studies exclusively online before the 2020 pandemic (Source: uCube).

With many online MBA courses to choose from, finding the right program for you might be a difficult task. The many different factors to consider include brand reputation of the business school, teaching quality, the career relevance of any majors and electives, study hours and opportunities to interact with classmates.

Decisions / choosing

For many, a major consideration beyond the career benefits of an online MBA is affordability. Here, online MBA programs automatically offer huge advantages. You can do them while continuing to work and while avoiding travel and relocation costs. Those benefits represent big financial savings in themselves.

And then there’s the matter of tuition fees, which is the focus of this article. Here are 8 of the cheapest online MBA programs in terms of fees. You can get these MBA degrees by paying less than $30k, often considerably less. Importantly, these are also good online programs that you are actually likely to complete.

Australia

Australia has a reputation for high quality education across its university sector. The nation also offers innovative online MBA courses. Australia’s best online MBAs combine a rewarding learning experience with value for money.

Southern Cross University

Cost: $23,000 (depending on exchange rates)

MBA student with SCU Online
MBA student with SCU Online

Southern Cross University is rated as offering Australia’s cheapest good-quality online MBA by Online Study Australia. The 12-unit program costs $32,400 in Australian dollars. At the time of writing, this worked out to about $23,000 in USD. Each unit of the program can be completed from start to finish within a 6-8 week teaching block. Students typically study part-time, year-round, allowing you to maintain full-time jobs and earn an MBA over 16 months.

United States

Although the United States is generally considered to have some of the highest tuition fees in the world, bargains are still available. And MBA degrees from famous US colleges and universities are highly regarded around the world, which is important for international students.

University of Illinois

Cost: $22,000

iMBA students at the University of Illinois
iMBA students at the University of Illinois. Photo credit: Gies College of Business

$22,000 is the longstanding discount price for an online “iMBA” from the University of Illinois. The online MBA program was designed from the ground up and claims to provide an immersive online experience, which is a general theme for online courses from the Gies College of Business. Six specializations are available through Coursera. According to the Wall St Journal, the university is one of the top 3 that employers value for graduate recruitment.

University of Wisconsin

Cost: $29,000 (excluding textbooks)

Wisconsin School of Business

The online MBA program from the Wisconsin School of Business is the cheapest to make it into the top 10 best online MBAs in the United States according to US News. The program is 100% online and typically takes 2.5 to 3 years to complete. On average, each student has around 10 years of job experience.

Canada

University of Fredericton

Cost: $19,000 (depending on exchange rates)

Online learner

An online MBA from “UFred” entails a significant amount of study but is highly affordable. Each of the 14 courses that make up to program takes around 11 weeks to complete. The 100% online program is available to Canadian and international students at the same price of $25,235 CAD. Nine specialization options are available.

United Kingdom

The UK is well know for the quality of its universities. A British university education can really set you apart from other job competitors. And the UK definitely offers cheap but good online MBA programs.

University of Wales Trinity Saint David

Cost: $13,200

Swansea Business School
UWTSD’s Swansea Business School

According to Good Colleges Online, “The Online MBA” from the University of Wales Trinity Saint David is the cheapest high-quality MBA from a UK university. The $13,200 total tuition fee is fixed in US dollars and you can enroll through the university’s US-located partner, Ducere Global Business School. The 100% online program includes coursework and an industry project with a UK firm that should look great on your resume.

The Open University

Cost: $26,000 (depending on exchange rates)

The fee range for an MBA degree from The Open University is £20,295 to £21,290, which works out to about $26,000 USD. The Open University is the largest provider of online university courses from Britain. And the MBA program is “triple accredited” according to the distance learning specialist. The course links theory to practice using each student’s organization as a learning resource.

Rest of Europe

Swiss School of Business and Management 

Cost: $8,200 (depending on exchange rates)

Swiss School of Business and Management (SSBM) MBA graduates
SSBM MBA Graduates (2013). Photo credit: ssm.swiss

You can earn an MBA in 12 months for 7,000 EUR by studying with the Swiss School of Business and Management. The Geneva-based private institute of higher education uses the same online platform as MIT and Harvard. You are able to do modules at your own pace or, as many prefer, stream into live lectures with other course participants. Two different levels of online MBA courses are offered: Global (which is the cheaper option) and an executive MBA.

Asia

GLOBIS University

Cost: $29,000 (depending on exchange rates)

GLOBIS MBA students. Image credit: GLOBIS

Tokyo-based GLOBIS University claims to be offering Asia’s first live online MBA program. Using videoconferencing software, students are live streamed into the classroom to participate and interact on an equal footing with peers who are attending classes in person. Classes happen on weeknights and weekends (Japan time). The schedule for each three-month term is flexible and ultimately decided by the student. Total cost for the Online MBA: 3,078,000 JPY.

How to Put in the Study Hours for an Online MBA

Studying for an MBA degree online is a convenient but not necessarily easy option. Although you avoid attending timetabled classes on campus, you still have to complete the intellectual work for your MBA. This can only be achieved by putting in the hours of study that you would normally do if you were studying at college or university.

You will find that there are deadlines for submission of assignments. And you need to have studied the lectures and done any relevant coursework associated with the assignment before you can satisfactorily complete your work.

How Many Hours for an Online MBA?

Your supplied degree documentation will give you an idea of the amount of hours you can expect to have to put in to keep up with the pace of the program. This will usually be in the range of 5 to 7.5 hours a week per unit for an MBA program consisting of 12 or more units.

Many online programs now run year-round, with students concentrating on one unit at a time. Each unit can normally completed over 6-8 weeks.

Because several hours or more a week is a considerable amount of work, most students find that they need to timetable specific times into their weekly schedule. This helps ensure they put in sufficient hours of focused study to succeed.

Communicate to Stay Motivated

You will find that communications is an issue when you are studying online. You have to make a specific effort to keep in touch with staff and your fellow students.

Much of this communication is effectively documented through email, potentially making it considerably more beneficial than spoken documentation. The automatically recorded notes can be a resource for study.

Message of Hope for Online College Students

Studying online is different from studying in the classroom and harder in some ways. But, if you put some effort into managing the online environment, you can find that it has definite advantages. You can make highly efficient progress once you set up a structure and routine that works for you.

Advantages of doing an MBA online

If and when you find yourself struggling to grind out a study session, take a moment to think about how doing an MBA online is making your life easier. Here are some of the advantages:

  1. You cut out the hours you would otherwise have to spend traveling to and from campus, giving you more effective time to devote to your studies.
  2. You can choose your university or business school regardless of geographical location.
  3. You can study at home or at work.
  4. Your lectures and coursework are already documented by the online environment, as is much of your communications with staff and students. This enables you to use everything in the program as a resource both during the degree and after.
  5. You can choose your study times. Lectures and coursework can be completed at any time during the day or evening, or at weekends, giving you the flexibility to plan your study around your work and family.

A great advantage of online MBA programs is that you can balance study with part-time or full-time work. Because you can study anywhere and at any time, study can be fitted into the gaps within your weekly schedule.

About Online MBA Programs, Dylan Rogers