Top 4 Benefits Of The Month-by-Month MBA
With the introduction of new technologies in education, there are now a number of unique pathways to complete the Master of Business Administration (MBA). Previously, the MBA meant at least two years of fulltime study, and the inability to work concurrently. Today, options include everything from fulltime on-campus study, to a month-by-month MBA via distance learning. At AIB, both the on-campus and distance learning programmes follow a monthly learning model, with both options allowing you to study while you work. There are a number of reasons why the month-by-month MBA is a fantastic choice, with the top four benefits of the structure explained below.
1. Increased flexibility
With the ability to study while you work, there is no doubt that flexibility increases dramatically in comparison to traditional university semesters. Due to the structure of the month-by-month MBA, study can be well organised around existing commitments. Students of the AIB MBA are able to start, stop and pause each stage of subjects where necessary over a three year period. The MBA no longer needs to be a burden; it can now be a flexible option which works with career and family duties.
2. Greater focus
When studying in the traditional university structure, students undertake four subjects per semester. It is common for the semester to comprise of peaks and troughs of workloads for all subjects, including four exams at the end. Comparing this with the month-by-month MBA where students follow the monthly learning model, it is clear that focus is one of its strengths. When studying only one subject at a time, the focus will always be on that subject. As a result, there are greater success levels for assignments and exams as there is only one subject area to keep top of mind.
3. Ability to earn an income
When undertaking the month-by-month MBA, students are able to continue working in a fulltime capacity. Regardless of whether they study on-campus or via distance learning, the monthly learning model ensures that both work and study can be prioritised. This ability to earn an income is a significant benefit for working adults and families, who simply cannot afford to give up work while they achieve their MBA. The structure ensures that the MBA can fit around existing commitments, including a fulltime role.
4. Accelerated programme
To achieve the MBA, a total of 12 subjects must be successfully completed. When undertaking the programme in traditional university semesters, this generally will take a minimum of 18 months, completing 4 subjects per semester. One of the greatest benefits of the month-by-month MBA is that subjects can be completed consecutively in 12 months, resulting in the MBA being completed in as little as one year. For the busy working adult, the ability to complete the MBA in just one year is innovative, and is a deciding factor for many considering the programme.
What do you think?
Overall, it is clear that the month-by-month MBA is appealing for a number of key reasons. From the ability to continue working while studying, to increased focus and flexibility, there is no surprise that many students are choosing this monthly learning model over traditional semester structures. I am interested to hear what readers think though – which of the two learning models would you prefer? I’d love to hear from students of both structures – comment below to share your views.
This article was written by Laura Hutton on behalf of the Australian Institute of Business. All opinions are that of the writer and do not necessarily reflect the opinion of AIB.