Management drives the economy. Every business needs effective management to grow and thrive in an ever more globalized and competitive world economy. As the baby-boomer generation gears up for retirement, the holes they leave will need to be filled by the leaders of the next generation. A business degree is, and will continue to be, relevant and in demand.
That being said, as more and more young people are graduating with bachelor’s degrees every year, many people are looking for ways to make themselves stand out from the throngs of individuals applying for entry-level management positions. Furthering your general business knowledge, networking with staff and fellow students, and gaining specialized skills not only helps you to stand out as a potential candidate for a new position or promotion, but can also narrow your interests to help you find the position that is right for you.
Finding an accredited and respected program will help you stand out. Accreditation is important because it shows your employer, or potential employer, that the program you took is subject to academic rigor, adapts to the ever-changing business climate, and has taught you all the basic skills expected of a holder of an MBA degree.
There are three major accrediting bodies for MBA degrees in the United States:
- Association to Advance Collegiate Schools of Business (AACSB)
- Accreditation Council for Business Schools and Programs (ACBSP)
- International Assembly for Collegiate Business Education (IACBE)
Programs may also be accredited at the institutional level or by international accreditation bodies.
Types of Accredited Online MBA Specializations
MBA programs generally offer an initial broad education in the various fields of business, for example, finance, marketing, supply-chain management, organizational behavior, and entrepreneurship. After students complete these foundational courses, they can opt to pursue a specialization in a field they find particularly interesting or in demand. Students might choose to specialize in fields such as: international business, project management, accounting, operations management, real estate, strategy, or any of the foundational areas listed above.
The online MBA program at Northeastern University’s College of Business Administration offers specializations in finance, healthcare management, high technology management, innovation and entrepreneurship, international management, marketing, operations and supply-chain management, and sustainability.
It is important to give thought to which kind of specialization you feel is best for you, since this will help steer you to courses, and careers, that you will have passion for and succeed in.
Benefits of an Accredited Online MBA School
Online MBA degrees suit many types of individuals by their very nature. They give those working part-time the convenience to complete schoolwork on their own schedule. They give those seeking self-improvement the ability to do so while staying employed. They offer job seekers the ability to get a leg-up on the job search while maintaining the flexibility to interview at a moment’s notice. They allow those who cannot move to a university the ability to study from a distance. They also allow stay-at-home parents to keep up on their business knowledge so that they may re-enter the workforce when the time is right. They show employers and potential employers that you are serious about self-improvement, that you have the initiative, diligence, and savvy to undertake a degree program on top of your other responsibilities.
While online schooling is still a new and developing industry, finding a program accredited by the AACSB, the ACBSP, or the IACBE ensures a standard of academic rigor is being met. Undertaking such a challenge shows a certain degree of initiative and discipline that will help you stand out as a candidate for the rest of your career.