Distance education is flexible by nature, so the length of programs can vary widely.
To earn your online MBA, how long will you have to study? Some intensive programs can be completed in less than a year, but most online MBA programs take two years. While some programs, including those with specializations, can take four years or more.
The cost of an online MBA degree can also fluctuate a great deal from school to school. On the affordable end, you should plan on a financial investment of at least $10,000. Some of the more prestigious programs can cost seven or eight times as much. The length of the program is also a factor. If you’re enrolling in an online MBA program that takes three or four years, the cost will naturally be higher.
You may not have to bear the financial burden alone. If an online MBA will advance your career, your employer may have a vested interested in contributing to your education. Find out if your company has an education assistance program, otherwise talk to your supervisor or Human Resources about setting up a plan.
Often people think that traditional financial aid is not available for online students. You may qualify for student loans, grants and even scholarships. Contact the admissions department to find out what is available at a particular online college.