Abbreviations

What does the abbreviation MBA stand for?

Distance learning has become increasingly widespread in recent years. On the one hand, it offers students flexibility and, on the other hand, you are not tied to any faculty, and therefore not tied to a specific location. The most popular course is the MBA – the Master of Business Administration specified by aviationopedia. Prospective managers see – and rightly so – this opportunity to get their career moving properly. However, many do not want to go directly to the next round of lectures after completing their bachelor’s degree. Few want to return to the poor student life, whether they want to enter the professional world or are already in a permanent position. This is where distance learning offers itself. It makes it possible to combine the profession with the degree and to adapt the degree to one’s own life, that one can speak of a win-win situation. Many employers also support their employees in this form of further training – financially and / or through adjusted working hours. But how does the course of study go alongside work and what should you consider before taking the step.

  1. Time & organization

Time is probably our greatest asset nowadays. Work and everyday life already take up the majority anyway – do you want to study on the side? Of course, everything is possible with the right ambition and a certain organizational talent. You can almost always adapt the study time flexibly, from a full-time course to a time-consuming part-time course. The more flexible the model, the longer it will take to finish. The standard terms are 12-24 months.

Organization is the key to success in distance learning, whether you start the MBA distance learning alongside work or as a full-time parent. It is worth setting fixed times for your studies and sticking to them as far as possible. The great advantage of distance learning: You are not tied to specific lecture times or exam phases and can therefore organize yourself perfectly. However, this is precisely where the pitfalls lie, because without hard work there is no price and extensions of course lead to additional tuition fees.

  1. Tuition fees

Usually studying for an MBA, whether full-time or part-time, costs tuition fees of around € 25,000 on average. These can of course be claimed for tax purposes and in many cases an employer also supports the project. Prices can vary from university to university. There are universities that require € 8,000 as well as those that can exceed € 30,000. This distance learning university offers three rule models, in which the prices amount to approximately € 14,000. Even if the price is an important factor, you should always pay attention to the corresponding accreditation and the available models when choosing the Fernuni, because it should fit your own preferences.

  1. Process

The attractive thing about distance learning is that all courses, materials and exams are online. You are not tied to a location or a specific schedule. Courses can be called up at any time and repeatedly and there are always lecturers or coaches available to clarify questions and help. Learning materials are available in spoken, written and video. After completing the last exams (which can usually be taken both online and in corresponding centers), you will finally receive your MBA.

  1. Outlook

The MBA is in your pocket, but now what? Popular career steps for MBA graduates are business development, consulting and brand management. Of course, numerous other doors are open. This is covered in detail in this article: Career prospects with an MBA. In any case, it enables promotion to management and a corresponding starting point for the salary negotiations.

Conclusion

Distance learning takes time and is not a small undertaking. In addition to work or with a child at home, it is a good way to improve your own career opportunities. However, a good deal of organizational talent and discipline are also part of it. With a Master of Business Administration, graduates have numerous different management positions at their disposal and a completed Master’s degree is also an excellent starting point for salary negotiations.

What does the abbreviation MBA stand for