A master's of business administration degree can help job applicants to beef up their resume—and to give off a better impression of their prior accomplishments during job interviews. As a result, many universities are instituting programs that aim to make it easier for finance professionals—and those searching for jobs within the industry—to obtain their degrees.
For example, Businessweek recently reported that the Villanova School of Business is currently instituting systems that will allow it to take its MBA curriculum online. MBA programs at the school have previously been offered on-campus, but now individuals will be able to study for the degree online. The online program will have the same requirements and degree associated with the school's current part-time MBA program, but will be available to complete entirely online.
"Knowing which way things are going to pivot is a challenge," Patrick Maggitti, Dean of the Villanova School of Business, told the news outlet. "I think it's smart strategy to be looking at options in this market."
For busy individuals, MBAs are easier than ever to obtain
Villanova isn't the only university aiming to make MBA degrees easier to obtain for hard-working finance and would-be finance professionals. The New Haven Register recently reported that Southern Connecticut State University is now one of many educational instructions offering accelerated schedules that allow students to obtain their MBA faster than ever before.
"We're targeting time-starved working professionals who may not be able to make it to weekday evening classes," Joe Musante, spokesman for Southern Connecticut State University, told the news outlet.
Studying online or in accelerated schedules presumably won't limit the education offered, either. Students at Villanova will be able to come to campus for one three-day leadership program, as well as be able to take part in a week-long immersion in a foreign country, according to the report. Such experiences are what tend to make MBA graduates so qualified for high-pressure tasks involved in wealth management jobs and accounting jobs – illustrating why those who hold the degree are often considered more valuable than their peers by job interviewers.
Online programs, such as those offered by Villanova, could make the degrees more accessible to older students, and to others in underserved demographics, according to the report.
"This is a chance for us to extend our brand," Maggitti told Businessweek. "There's never been a more uncertain time in higher education."
Many schools are even still adding MBA programs to their curriculums, illustrating the demand for—and the benefits offered by—the degree. The North Colorado Business Report recently spoke to Don Gudmundson, dean of the Monfort College of Business at the University of Northern Colorado, about the school's decision to add an MBA program to its offerings.
"Today, the bachelor's degree is reaching a similar status to that of the high school diploma of 50 years ago," he told the news outlet. "It now is necessary to have a master's level of education to be considered for a significant number of entry-level jobs. In addition, career advancement often requires an advanced degree."