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Home » Online Programs

Is an Online Business Degree Legit?

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Thinking about returning to school in order to boost your pay and prestige? Education is one of the very best investments you can make in your career. But does an online business degree get the respect it deserves?

Good news: Online learning has gone mainstream, and employers know it. From aspiring accountants to MBA wannabes, 59% of students were enrolled in online classes in 2022 according to the National Center for Educational Statistics.

Still, not all online degrees are created equal, and it’s important to do your homework before you choose a program. We’ve compiled answers to the most common questions about whether an online business program is worth the time and energy you’ll invest.

Employability

Will employers automatically put my résumé in the “reject” stack when they see that I earned my degree online?

It’s unlikely. Hiring managers are less concerned about the method of delivery and more apt to focus on a school’s reputation, according to Judith Phillips, the force behind GetEducated.com and an online education analyst for 20 years. She has conducted studies revealing that, “…most employers are not overly concerned about how a degree was earned. They are, however, very concerned about overall school reputation and educational quality.”

And there’s no need to volunteer—in an interview or on your resume—that your degree was earned online. An MBA is an MBA, regardless of the method of instruction.  If the topic arises in an interview, focus on the qualities that helped you succeed in the virtual environment: self-motivation, top-notch time management and great online collaboration skills.

Reputation

How important is name-brand recognition when it comes to choosing a business degree program?

Do you recognize the names of the schools you’re considering for your degree? If you do, then chances are that potential employers will have heard of them, too.  As you investigate degree options, include well-regarded brick-and-mortar schools in your region that also offer online classes.  Familiar names with close-to-home campuses tend to play best with potential employers.

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For-Profit vs. Not-for-Profit

Is there a bias against degrees from for-profit colleges?

Again, employers don’t really seem to care, as long as you attended a quality school.  In a study by the Online Journal of Distance Learning Administration, 100 percent of employers polled said “it did not matter to them whether a job candidate had earned his or her online MBA from a for-profit educational institution or a not-for-profit school, as long as the degree program was properly accredited.”

Accreditation

What is accreditation, and what should I pay attention to?

Accreditation is a hugely important marker of quality in education. Like a seal of approval, it indicates that a school has been evaluated by an outside agency and found to meet standards for quality and rigor. Federal student loans and grants are available only to students enrolled in accredited schools.

Check to see if the school you’re considering has received accreditation. This information should be included on the school’s website.

But beware. Not all accreditation is created equal. The U.S. Department of Education and the Council for Higher Education Accreditation (a non-profit association of 3,000 degree-granting colleges and universities) recognize only a limited number of accrediting agencies. Check their websites to be sure the school you’re considering has been approved by an above-board agency.

Red flag: Some unscrupulous players create their own accreditation agencies in order to make themselves look legit. Not sure if an accreditation is for real? Check the DOE or CHEA websites to see if the school you’re considering has been accredited by an approved agency.

Also keep in mind the different types of accreditation:

For entire colleges/universities

Regional Accreditation

The gold standard for accreditation, there are just six regional associations in the country:

  • Middle States Association of Colleges and Schools
  • New England Association of Schools and Colleges
  • North Central Association of Colleges and Schools
  • Northwest Commission on Colleges and Universities
  • Southern Association of Colleges and Schools
  • Western Association of Schools and Colleges

+Credits earned at regionally accredited schools tend to transfer easily to other schools

+School reputation is usually higher

+Employer tuition reimbursement is more likely

National Accreditation

For online education, both the DOE and CHEA include this agency on their green-light lists:

Distance Education Accrediting Commission

Geared specifically to online learning, this agency grants accreditation to programs with a commitment to innovation, educational excellence and student achievement.

+Credits don’t transfer as readily

+School tuition tends to be less expensive

+Employers may not reimburse tuition

For business schools

The following organizations grant accreditation to business schools in the U.S. and abroad:

  • ACBSP: The Accreditation Council for Collegiate Business Schools and Programs emphasizes outcomes in order to assess a school’s level of teaching and excellence.
  • AACSB:  Widely regarded as the crème de la crème of accreditation in the business school world, the Association to Advance collegiate Schools of Business accepts fewer than 5 percent of global business programs into its ranks.

Credit Transfers

Will the school I’m considering accept the credits I’ve already earned? 

Credit transfers vary from school to school, and depend on where and when you earned your credits.  Be sure to ask if the college you’re considering will apply your credits toward your goal.

Remember: Credit transfers tend to be smoothest when the credits have been earned at regionally accredited colleges.

Student Resources

What support services should I expect when I enroll in an online or hybrid program?

Set the bar high. “Don’t go in with the expectation that you’re supposed to get ‘less than’ because it’s online,” says CHEA executive director Judith Eaton. “Go in with full expectations about what you would receive from any college or university.”

Ask each college you’re considering about the student resources they offer:

  •  Are there career counseling services?
  •  What are the school’s graduation and job placement rates?
  •  Does the school offer internships and/or networking opportunities with professionals in the field you’re studying?
  •  Does the instructional staff include both part- and full-time faculty?

Road to Success

Whether you’re a desperate housewife, dissatisfied corporate worker or just looking for the next step in your career—education is the key to expanding your options. With the business world now embracing online learning, there’s nothing to stop you from pursuing flexible online coursework that opens exciting new avenues in your life.

Sources: usnews.com/education/online-education/articles/2013/01/08/online-course-enrollment-climbs-for-10th-straight-year; onlinelearningconsortium.org/survey_report/2013-survey-online-learning-report; geteducated.com/careers/318-should-i-tell-employers-i-earned-my-degree-online; hbs.edu/news/releases/Pages/hbs-launches-first-online-offering-hbx.aspx; onlinelearningsurvey.com/reports/changingcourse.pdf; bloomberg.com/bw/articles/2012-07-06/employers-warm-up-to-online-mbas; usnews.com/education/online-education/articles/2013/10/16/how-to-tell-if-an-online-program-is-accredited

Photo by Steve Bartlett

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Earning Your Business Degree Online https://www.allbusinessschools.com/blog/getting-a-business-degree-online/ Fri, 29 Jul 2016 23:41:32 +0000 /?page_id=3175 Business is the most popular field of study. Even better, you can earn your business degree online.

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Home » Online Programs

Earning Your Business Degree Online

hero-get-an-online-business-degree

In both online and on-campus settings, business is the country’s most popular field of study. And with good reason.

This versatile credential will set you up for success in almost any field—from healthcare to human resources, marketing to management. Even better, you can earn your business degree online.

In this Article

Who Should Get a Business Degree Online?

Online degrees are ideal for busy working adults. There’s no commuting, no relocation and no need to quit your job. You’ll study whenever suits your schedule. Are you an early riser? Log in when the house is quiet and everyone else is still asleep. More of a night owl? Hit the (online) books after the kids have gone to bed.

You just can’t beat the flexibility of online learning.

Studying online, you’ll earn the same business degree that you’d earn in an on-campus program. Whether you’re pursuing a bachelor’s or an MBA, the diploma requires the same coursework and the same number of credit hours.

Online & On-Campus Business Degrees: A Comparison

OnlineClassroom
Flexible scheduleYes
Rolling, year-round admissionYes
Qualifies for accreditationYesYes
Real-time interaction with classmates and professorYesYes
Requires commutingYes
May need to relocateYes
Yields a respected degreeYesYes
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Online Associate Degree in Business: What You’ll Study

Build a foundation for success with a two-year degree that covers the basics of business.

A few of the classes you’ll study include:

Business Foundations

Start exploring the modern business world with this survey of the organization, culture and operation of today’s business. Get an overview of the ways in which business has changed over the years; ethics; technology; leadership; HR and more.

Business Communication

This intro-level course is all about clarifying your message, whether it’s verbal or nonverbal, a business email or blog post. Practice adapting workplace messages to various audiences (internal vs. external, peers vs. executives) and dig into the ethical and international issues affecting business communications.

Statistics

Business success is in the numbers. In this class, you’ll learn how to sample and evaluate business data: Is it a valid and reliable tool on which to base a business decision? Expect to produce visual tools such as tables and charts to organize and display all kinds of business data. You’ll also get a handle on probability theory and linear regressions as they apply to decision-making.

Accounting (series)

Get a strong grasp of the business basics: income statements, balance sheets, cash flow statements, retained earnings statements and more. Not planning to become an accountant? This class is essential to business-minded students: It trains you to examine numbers from a manager’s perspective.

Online Bachelor’s Degree in Business: What You’ll Study

Going for your bachelor’s business degree online? Here are some of the topics you’ll cover:

Business Ethics

This thought-provoking class challenges you to untangle complicated business issues with your classmates. From fair labor practices to outside sourcing, you’ll look closely at how values, law and social responsibility overlap in the business world.

Business Law

How can you tell if a business contract is solid or shaky? How does employment law affect day-to-day business operations? Examine real-life legal cases—from labor disputes to hiring procedures—to learn how the U.S. legal system applies to the business world.

Human Resources Management

How do effective workplace teams happen? An HR management course covers the essentials, from recruiting strategies to employee performance appraisals and conflict management. Plus, take a look at the legal and ethical issues that influence the discipline.

Management Information Systems

The right information system can give a business the competitive edge it needs to succeed. In this class, you’ll review the latest and greatest IT systems on the market; investigate hardware and software components; dive into e-business concepts.

Management Theory and Practice

Put business management concepts into practice as you apply theory to real-world workplace dilemmas. You’ll sink your teeth into a range of topics, from defining success, dealing with change, and taking measurable action on business goals.

Managerial Economics

In this class, you’ll discover how to apply economic thinking to a multitude of business challenges, such as: What do customers really want? What products will be most popular? How should products be priced? Get practice with business tools such as demand analysis, cost estimation and forecasting.

Organizational Behavior

How does a person behave differently when in an organization or outside it? Why are some people “insiders,” while others remain on the sidelines? This class looks into business leadership styles, technology, power and politics. Juicy topics might include group dynamics, workplace conflict, strategic planning and employee retention.

Principles of Finance

If you know how to look at them, numbers will reveal whether a business is sinking or swimming. Apply the lessons you learned in accounting class to analyze business performance, financial management, budgeting strategies and more. Plus, get a solid grounding in the U.S. monetary system and capital markets.

Principles of Marketing

It’s more than slick graphics and memorable slogans. An intro-level marketing class will train you to analyze consumer behavior; examine different promotional channels; and consider the many factors that go into the creation and implementation of any marketing strategy.

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Online Master’s Degree in Business: What You’ll Study

The MBA is the most popular online graduate degree in the country. It blends challenging coursework with amazing opportunities to make new business connections.

Most programs require that you have at least two years of work experience when you enroll. Studying part-time while you work, you can earn this advanced degree in three to five years.

You’ll start your online MBA with core classes such as:

  • Analytical Tools
  • Business Law
  • Business Strategy
  • Economics
  • Financial Accounting
  • Introductory Finance
  • Marketing Strategy and Analysis
  • Operations Management
  • Applied Business Research and Statistics

Then, depending on your interests and career goals, you’ll move on to coursework in a specialty area.

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What Business Online Degree Programs are There?

There are several business degree online programs available for continuing education or first-time degree-seeking students. Here are some of the most popular:

Finance—Essential to every business, finance graduates are in high demand. In an accelerated program, you will study both theory and practice of financeinternational finance systems, tax law, business structures and financial operations. These programs can be completed in less than four years, and allow you to transfer up to two years of credits toward your degree.

eBusiness—This emerging field offers programs that blend business, computer studies and e-commerce practices essential in today's business climate. Many of these programs offer accelerated business degree online programs and can be completed in 12 to 24 months.

Business Information Systems—Accelerated online programs in this field can often be completed in two years and will include studies in company-wide information and computer systems and strategies, text and data mining, data analysis and retrieval techniques and more.

Accounting – This credential is in high demand by employers, according to a survey by the National Association of Colleges and Employers. If you already have some college credit under your belt, dive right into an accelerated accounting degree program. You'll study the finer points of business law, auditing, information systems, and the principles of accounting.

Human Resources—Areas of study in an accelerated online human resources program include recruitment and selection, compensation and benefits, training, performance evaluation, retention and turnover. These programs generally accept transfer credits and can be completed in half the time of a regular 4-year program.

Marketing—An online marketing program is a great option for this field, and can be completed in 12 to 24 months. You will study market research theory and techniques, customer motivation, global marketing, Internet business and marketing, customer retention and more.

Accelerated Graduate Programs—Accelerated online business degree programs are ideal for the working professional who wants to complete an MBA or other graduate business degree in 12 to 18 months. For these programs, you will study advanced business administration, systems management, Internet marketing, organizational theory, international business practices and more.

7 Benefits of Getting your Business Degree Online

When you imagine school, do you picture yourself cramming for exams? Sitting in a lecture hall filled with hundreds of students? You might be pleasantly surprised at how online learning has changed school for the better. From cost savings to course length, many online business programs offer benefits that you might not find in the traditional setting, such as:

  1. Credit for work and life experience – Have a solid track record in the work world, but not much college credit to show for it? Many online schools will count your experience toward a degree. In some cases, you can test out of basic classes. Be sure to inquire with the schools you’re considering.
  2. Credit transfer – Did you start on the path to a degree but wandered off track? You might not need to retrace your steps from the beginning. Many accelerated online programs offer more flexible credit transfer options than their brick-and-mortar counterparts. As you look into different school options, be sure to inquire if your existing credits will transfer.
  3. Accessible teachers – Online instructors make themselves available to students during specific hours, and via class discussion boards. There’s no back row in a virtual classroom; and all students have an equal opportunity to participate and interact with peers and professors.
  4. Manageable schedules – Forget the commute to class. In an online format, you can log in and learn whenever it’s convenient: before work; after the kids are asleep; on weekend mornings. Break free from the old school and discover the new cool!
  5. No final exams – Many online schools have realized what students have known all along: Test-taking isn’t always the best way to measure knowledge. Instead, you might find yourself collaborating with classmates to create projects throughout the duration of a course. In many cases, you can showcase your skills rather than risking it all on one big test.
  6. Short course length – The semester system is gradually going the way of the dinosaur. Online business programs often cater to adult learners with shorter, quick-turn courses that last as few as five weeks. It’s a great way to keep the momentum going as your work toward your degree.
  7. Lower tuition costs – It seems logical. Freed from the expense of maintaining brick-and-mortar buildings, schools should be able to deliver online courses more cheaply than the on-campus versions. Now there’s proof. According to a 2015 study from the University of Massachusetts Dartmouth, online courses at small and large institutions cost “significantly less” than on-campus courses at the same schools.
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Fast Facts About the Business Degree Online


Average number of class logins required per week: Two to five

Average time spent doing course work: 13 – 20 hours per week

Class formats:  In a synchronous class, all students log in at one set time to interact with the professor and each other. In an asynchronous course, each student logs in independently to complete the course work, although virtual group discussions can also be scheduled.

Tech skills: There’s no need for advanced tech savvy in an online course. If you can log into the Internet and use a word processing program and email, you’re set. Most online degree programs will allow you to test-drive the class software before enrolling.

Computer requirements: A computer, Internet access, a basic Internet browser and email. Each specific degree program will specify its operating system requirements, though most require:

  • Windows 10 or 11; Mac 10.14 or 10.15
  • PC, Mac, Chromebook, or tablet
  • High-speed Internet connection
  • Sound card and speakers or headset
  • 5Ghz processor or higher
  • Monitor and video card
  • 4 GB of RAM (8 GB preferred)

Human contact: Most online degree programs make it easy to get in touch with your professors and fellow class members via phone, email, Zoom, Skype, Slack, social media, and discussion threads.

How to Choose an Online Business Degree Program

As you investigate possible schools, ask plenty of questions to find the program that’s best suited to your goals. Here are some important topics to raise with any school:

Coursework

  • What classes are required for the business degree?
  • Can you test-drive the course deliver software before enrolling?
  • Is it possible to speak with an instructor in the business studies department?
  • Is there an alumni network you can contact for first-hand insights about the student experience?

Acceptance Criteria

  • How does the school decide which students to accept?
  • What are the prerequisites for business classes?
  • Does the school require an entrance exam such as the SAT or GMAT?
  • Do work and life experiences factor into admissions decisions?
  • Will the school accept college credits you’ve already earned?

Student Resources

  • Does the school offer career counseling services?
  • What are the school’s graduation rates?
  • What about its job placement rates?
  • Does the instructional staff include both part- and full-time faculty?

Accreditation

An outside seal of approval, accreditation signals that a school meets standards for excellence and rigor. It’s an important marker of quality. The federal government may offer financial aid only to students enrolled in accredited schools.

Ask if the school you’re considering has received accreditation, and which kind. Do your homework carefully. Some unscrupulous players have been known to create their own (fake) agencies, complete with phony logos. Don’t just take the school’s word about accreditation; double-check with the U.S. Department of Education or the Council for Higher Education Accreditation, both of which keep lists of above-board agencies.

There are two primary types of accreditation for U.S. colleges:

  • Regional – this is the gold standard of accreditation, with just six regional associations in the country. Credits earned at regionally accredited schools are the easiest to transfer to other schools.
  • National – The Distance Education Accrediting Commission focuses on online educators, granting accreditation to those with a proven commitment to educational excellence and student achievement.

For business schools, two other agencies offer accreditation:

  • The Association to Advance Collegiate Schools of Business (AACSB) is highly selective, accepting fewer than five percent of global business programs into its elite ranks.
  • The Accreditation Council for Collegiate Business Schools and Programs (ACBSP) looks carefully at outcomes such as employment rates in order to rate a school’s overall quality.

Who Will Know That I Got My Business Degree Online?

Unless you volunteer the information, no one—including potential employers—need know that you studied in an online program for your degree. A business degree is a business degree, whether you earn it online, on campus or in a combination of the two.

But are online business degrees respected?

Consider this: In 2022, some 59% of all undergraduate students were enrolled in at least one distance education course, and 44% (7.0 million) of all undergraduate students exclusively took online education courses, according to the National Center for Education Statistics. In short, online learning has gone mainstream.

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