The Spanish IE Business School has this year overtaken Britain’s Warwick Business School in the list of the world’s best online MBAs, thanks to its good performance in criteria such as salary increase after completion of the course. The Financial Times’ list of the world’s top 10 online MBAs features four business schools from the UK, four from the US, one from Spain, and one from Italy.
According to the FT, the overall demand for MBAs in North America and Europe has declined, partly due to a labor market where employers are looking to retain employees with other incentives rather than lose them to full-time education. It is worth noting that many MBAs are full-time and require full-time dedication from the student, especially in the United States.
In this scenario, reports the newspaper, some of the world’s leading business schools have also started offering the MBA online, usually complemented by face-to-face meetings. In this way, the courses allow students to keep their jobs and not have to travel to campus frequently.
When asked about the primary motivation for taking an online MBA, alumni mentioned:
- personal development (71%)
- improving career opportunities (60%)
- developing management skills (47%)
- and increasing salary (44%)
“The ranking comes at a time of growing interest in online learning, which intensified during the Covid pandemic as many business schools — alongside other higher education institutions — began offering a wider range of hybrid, synchronous and asynchronous options for students.”, FT highlighted. “Overall, alumni said the Online MBA providers were most effective at teaching economics, organisational behaviour, and general management. They judged that the schools performed less well in the emerging areas of fintech and ecommerce.”
Source: Financial Times