Undoubtedly, an MBA degree opens up a whole new world of opportunities for you—whether you want to change jobs or careers, bag a better position at your current workplace, earn more, or set up your own business. However, with most universities offering both on-campus and online MBA programs, deciding which one is suitable for you can be tricky. The COVID pandemic also catapulted the popularity of distance education, whereby more than 1.7 million students opted for online courses during 2018-19. So, let’s see where a traditional in-person MBA program stands vis-à-vis an online MBA and how you can make an informed choice.
On-Campus MBA vs. Online MBA: Understand the Differences
A conventional face-to-face MBA program usually differs from an online MBA in the following areas:
- Pace of Learning
An on-campus MBA might be a better fit if you are looking for a structured learning environment where attendance is strictly monitored and projects and homework are assigned with tight deadlines. It is also suitable if you can devote yourself to a full-time classroom schedule.
On the other hand, an Online Executive MBA is a better option if you need flexibility or cannot afford to leave a job to pursue full-time studies. You might want to save on commuting expenses or have familial obligations like caring for elderly parents. Online MBA courses allow you to learn at a more relaxed pace.
- Scope of Networking
While pursuing an MBA degree, building connections with people who can enrich your professional path in the future or bring you better opportunities is essential. This means networking with professors, peers, industry leaders, and community members. A traditional MBA usually offers more networking opportunities than online ones, as the former involves many in-person lectures, seminars, career fairs, and events. However, webinars and online discussions can level the playing field somewhat if you opt for an online MBA.
- Admission Criteria
For conventional MBA courses, you must compete with other candidates for a limited number of seats. Hence, the admission requirements might be stringent or complicated. However, online MBA degrees are not subject to space limitations and can be attended by many, which means the admission criteria are usually more relaxed.
U.S. News & World Report states that more than 65% of on-campus MBA programs require you to submit test scores. On the other hand, around 48% of online MBA programs ask for test scores (only GMAT or GMAT/GRE).
- Expenses
Usually, on-campus MBA programs are more expensive than online ones as they involve housing, food, and transport costs. Access to special facilities like Wi-Fi, computer lab, gym, conference centers, and sports zones might also add to the total expenditure. Since online MBA programs mainly involve the cost of tuition and assessments, they are more affordable.
- One-on-One with Professors
Getting doubts cleared is often easier and faster if you pursue a traditional MBA program. You can catch up with the professor in their office after a class or ask them a quick question in the hallway. In the case of online MBA programs, you might have to wait for a separate session for questions and answers, or professors might be available for a shorter or more specific period.
- Environment
If you pursue a conventional MBA program, you will live on campus with other students. You will have access to an environment where discussing lessons, assignments, and career possibilities will be a regular affair. You can also contact student counsellors quickly, get guidance if you fall behind in any particular area, and even feel motivated by peer performance or academic habits.
In the case of an online MBA program, though, you will need to be self-motivated enough to complete your deliverables on time and appear for tests in a disciplined manner. However, taking the online route might be helpful if you are someone who thrives in a quiet, familiar environment with fewer distractions.
Way Forward
As you can see, both on-campus and online MBA programs come with their own set of pros and cons. Hence, choosing one will depend on your distinct situation, needs, and budget. Going for a traditional MBA might make more sense if you are yet to join the workforce, planning to change careers, or not worried about expenses. However, an online program is ideal if you are working already and want to climb the professional ladder fast without taking time off or forgoing a salary. It is also more suitable if you have to care for dependents or live far from the preferred university. Remember to research, compare different programs, and check accreditations and reviews before zeroing in on one.
