Best Online Business Management Degree Programs of 2023

Best Online Business Management Degree Programs of 2023
Imed Bouchrika, Phd by Imed Bouchrika, Phd
Chief Data Scientist & Head of Content

Earning an online degree can open the door to various opportunities and pave the way for growth within any organization. Post-COVID, both foreign policy and economic experts agree that companies will thrive based on their capacity to evolve just as industries were transformed overnight by the pandemic. The old way of doing business will no longer work. Today, the best online Bachelor’s Degree in Business Management offers a curriculum that equips future business managers with the right skills that will take on the role of leadership in organizations through periods of disruption.

Harvard lecturer Chris Christensen who coined the term “disruptive innovation” sees that colleges and other learning institutions would most likely enter obsolescence if they fail to adapt to the changing landscape of education. So in the ‘new world’ that is shaping up, considering an online Bachelor’s Degree in Business Management makes sense.

This article will tackle the differences between a traditional degree and an online one. It will provide information on enrollment requirements, tuition and other expenses, and the standard coursework for an online degree in Business Management. Finally, to help the inquiring student confidently make the best decision, the factors to consider when choosing the best online management degree program will be discussed.

Online Bachelor’s Degree in Business Management Table of Contents

  1. Can you get a degree completely online?
  2. Will employers take my online degree seriously?
  3. Are online degrees recognized all over the world?
  4. Online vs. Traditional Bachelor’s Degree in Business Management
  5. How much does an online Bachelor’s Degree in Business Management cost?
  6. What are the requirements of an online Bachelor’s Degree in Business Management program?
  7. Courses to Expect in Online Bachelor’s Degree in Business Management Program
  8. Things to Look for in an Online Bachelor’s Degree in Business Management Program

Can you get a degree completely online?

Caveat emptor. Even when an incoming college student is completely convinced that online education is the wave of the day, he still needs to conduct due diligence. Because not all degrees or courses advertised as ‘online courses’ are completely online. One will need to validate if it’s a complete/fully online program or one that’s hybrid.

But, yes, even fields as technical as aerospace engineering (32 online schools), aviation (30 online schools), and different IT specializations, have an online version of their standard programs. As to business degree programs, there are over 15,248 unique online programs being offered in 2,112 online schools in the U.S.

Even Ivy League universities now have special programs that include online degrees and courses. Some of these are fully online while some are hybrid, which combines on-campus lectures with online training. And these revered (and quite expensive) institutions of American learning are offering these at a fraction of their regular tuition rates. Harvard Extension School enrolls some 2,000 degree program candidates every year, as well as 13,000 non-degree students.

no. of online business degree programs being offered

“The Changing Landscape of Online Education (CHLOE)” report of 2020 (pre-pandemic) showed a consistent increase in the number of fully online programs. “At community colleges, about 42 percent of online and blended associate programs were designated as fully online. For four-year schools, that count was 57 percent for bachelor’s programs, 73 percent for master’s degree programs, and 80 percent for non-degree graduate programs.”

When COVID-19 hit a year later, derailing economies and the global educational system, CHLOE reported a drastic increase in the number of institutions that use fully online programs. “More than 80% of institutions relied primarily on either fully online (31%) or emergency remote learning (ERL) (50%) courses in Fall 2020.” (CHLOE 6: Online Learning Leaders Adapt for a Post-Pandemic World, 2021).

Online education is no longer just an add-on to traditional learning systems. It is the new normal. Old institutions that fail to evolve their learning management system in education are in danger of extinction, says The Smithsonian magazine, the official journal of the Smithsonian Institution in Washington, DC. It noted the recent closure of 800 engineering schools in India due to low enrollment. While in the US, educators are fearing the same fate.

In various media interviews, in his book, the “Innovator’s University,” and at various fora such as the “Innovation + Disruption Symposium in Higher Education Symposium (in 2017), Harvard business professor Chris Christensen issues the warning that: “50% of American universities will close or go bankrupt in 10 to 15 years.” This, if these traditional institutions refuse to adapt to the innovation now disrupting the education sector—online learning. Christensen is the guru of today’s business mantra, “disruption theory.”

The university of the future would not be a single institution or local. One possible form that this current evolution of the educational system could take is for students to be given the liberty to take different courses from various universities based on the strength of each school in a specific subject area. This idyllic, unfenced learning ecosystem will encourage competition, bring down costs, and give students the best options.

Source: The Changing Landscape of Online Education, 2021

Will employers take my online degree seriously?

A study on ‘microcredentials’ is showing the emergence of the groundwork for such an ‘unfenced’ and global university of the future.

It’s true that the hiring managers of companies still look for educational credentials. A degree and a college diploma are still weighty documents to bring to a job interview. The attainment of a college degree tells prospective employers that you had the discipline, the problem-solving, the time management skills, and the perseverance to complete a four-year undertaking.

New forms of credentials,  however, are emerging and gaining acceptance by schools as well as by companies. In 2018, at the time of the survey, this was reported to be taking place at a slow, ‘evolutionary’ pace.  The COVID-19 pandemic, however, changed everything. Speaking from their own school’s experience, the Director of AI English in Australia, Li Kang, observes, “Online Learning is the future and if there was no virus, that realization would have taken another few years but this has accelerated the process.”

In “Educational Credentials Come of Age: A Survey on the Use and Value of Educational Credentials in Hiring” (2018), Gallagher came up with the following findings:

  • Degrees still have great value in the hiring process
  • But microcredentials and new hiring practices are beginning to change the equation.

“Digital badges, which are awarded by numerous entities (including as part of degree programs) follow as the most popular microcredential and the second-most commonly encountered in hiring.” (Center for the Future of Higher Education and Talent Strategy, 2019). Such digital proof of education can more easily be shared between learning institutions when students transfer between schools or when they move on to take a Master’s Degree in Business Management after graduating. It can also be quickly submitted to prospective employers when online Bachelor’s Degree in Business Management graduates apply for jobs. The increasing use of artificial intelligence (AI) and analytics as a basis for human resources professionals to recruit and hire is also likely to affect organizations’ preference between customarily printed certificates or digital credentials.

The recent entry of Johns Hopkins University, the Massachusetts Institute of Technology, and other prestigious schools into the online education market has also greatly raised the respect of hiring managers for online bachelor’s degrees.

The findings of the Center for the Future of Higher Education and Talent Strategy survey conclusively say that “Online credentials are now mainstream.”

hiring managers' perception of online degree holders

Are online degrees recognized all over the world?

Top universities all over the world now offer their own unique portfolios of fully online degrees. These include:

Traditional Grading vs. Standards-Based Grading

Traditional GradingStandards-Based Grading
Grades are based on assessments, such as quizzes and projects. Grades are based on learning targets and standards.
Assessments are converted to a percentage system.Assessments are measured through criteria and proficiency levels.
Academic grades are mixed with points for attitude, effort, and attendance.Academic grades are based on academic performance only. Credits for attendance and effort are not part of the grades.
All assessments are graded and recorded. Only selected assessments are graded and recorded. Practice assignments are not recorded.
All assessments scores are averaged to come up with a final grade.Only the most recent works of the students are graded and assessed based on how these meet learning standards.

Having said this, there will still be employers who will place a higher value on traditional proofs of attendance, such as diplomas from traditional universities. In the same vein, not all online degrees, courses, and credentials from different universities will carry equal weight with human resource officials. Some institutions will invariably have better reputation than others, and their digital credentials similarly so.

So it’s important for College entrants to know which institutions offer the best Online Bachelor’s Degree in Business Management Programs that are highly respected by hiring managers in different business sectors.

Online vs. Traditional Bachelor’s Degree in Business Management

There are good reasons why people take traditional degrees and why people are now taking Online Bachelor’s Degree in Business Management programs.

One reason why we do things the way we always have is that we see no compelling reasons to change.

But today, there are technological innovations as well as compelling health reasons that show us why the world must take a different route towards learning. Four of these need urgent attention.

cost of bachelors degree increase

The Cost of Formal/Traditional Education Is Still on an Upward Trend

Education is a basic need of every human being and a ‘common good’ that benefits all of society. But a report by the International Commission on the Futures of Education of UNESCO shows how the COVID-19 pandemic has exposed glaring ‘injustices,’ particularly with regard to differences in different people groups’ capability to ‘access to education.’

Forbes.com reports that the cost of education in the U.S. is rising faster than the inflation rate and is speeding past the reach of the underprivileged in society.  UNESCO calls this an injustice because underserved families are forced to give up one basic need for another. Perhaps online learning and online degrees are the ‘rethinking’ and ‘reshaping’ of education that UNESCO is calling for, in order to address these injustices.

Source: Trends in College Pricing and Student Aid, College Board (October 2020)

Growth of EdTech Industry Lowers Online Learning Costs

The growth of the education technology (EdTech) industry—the huge infusion of capital and investment it is getting, the rich mix of new learning technologies being developed as a result, its increasing popularity among the educational community, and its dropping prices— all these explain the current trend.

To help schools and students cope with the unexpected disruptions to learning calendars amid the lockdowns and school closures, the EdTech industry stepped up and made available to the public hundreds of free or very affordable online learning applications. Before the pandemic, EdTech was projected to grow into a $2 billion-dollar industry by 2021. In just the first half of 2021, investment intelligence firm HolonIQ reports that Ed Tech investments have already hit $10 billion.

From 2010 to 2014, there was a slow 35% growth. And from 2014 to last year, 2020, there was a steady 44% climb. But the first half of 2021 has already surpassed 2020’s half-year mark. “COVID-19 accelerated Education Technology with both public and private leaders acknowledging we’ve seen at least 3 to 5 years of normal technology adoption in just over 12 months…” (HolonIQ, 2021)

technology adoption caused by covid-19

Richard Price of the Clayton Christensen Institute, which studies ‘disruptive innovations,’ says that the traditional on-campus model of learning has “failed to create an equity of access to education.” In fact, it continues to inhibit access because of its prohibitive cost. But EdTech companies and even traditional learning institutions who now offer online degrees are doing exactly the opposite by making the same content available at just 60% of what in-person classes cost.

Early adopters like the University of Illinois shocked many when they dropped the price of an entire MBA program to $22,000. They were able to do this by using technology that makes their teacher-student ratio more efficient. This program became so popular that they eventually demised their traditional on-campus degree program. Georgia Tech’s pioneering master’s program, which is priced just at $7,000 got more than 10,000 enrollments last fall, 2020.

All these might be the beginnings of a turning point that could universally lower the cost of education and provide greater access across all socio-economic classes and ethnicities of learners.

Source: HolonIQ (2021)

Mixed-Signals Governance Makes Education Unpredictable

The make-it-up-as-you-go-along and inconsistent safety guidelines of governments the world over—on travel restrictions, social distancing, school closures, etc.—have a heavy impact on traditional, campus-based learning. The recent World Health Organization (WHO) report observes that governments’ inconsistencies and the implementation of conflicting measures, i.e. in regard to the reopening of schools, are preventing a return to normalcy. “Predictability is a basic psychological need that prevents stress and mental overload. This pandemic is characterized by everything but predictability. Still, countries can strive for predictability by setting objective epidemiological criteria for restrictions (and their shifts up or down) on, for example, travel, gatherings, educational institutions and workplaces.” (Pandemic fatigue Re-invigorating the public to prevent COVID-19, 2020). Until these failures are addressed, in-class operation of traditional educational institutions will remain unpredictable and unstable.

COVID-19 Makes Traditional Education Risky

The emergence of new COVID-19 virus strains puts students, in states that have decided to reopen schools, at even greater risk than when the pandemic started. Colleges have a higher responsibility to establish preventive and post-infection protocols as outlined in the  Centers for Disease Control and Prevention (CDC) “Plan, Prepare and Respond: Resources for Administrators, Faculty and Staff” page. They also need to shoulder the costs of these or pass these on to students. Many parents and students are looking to online education as an alternative channel to continue learning. minus the concomitant on-campus risks.

What do online Bachelor’s Degree in Business Management graduates do?

The Online Bachelor’s Degree in Business Management Program owes its popularity to its foundational but versatile curriculum. It can be the take-off point to a wide variety of lucrative career lines.

There are two types of online Online Bachelor’s Degree in Business Management Program that a learner can choose from:

  1. Bachelor of Arts (BA) – includes classes in liberal arts, i.e. history, religion, writing.
  2. Bachelor of Science (BS) – focuses on the sciences, mathematics, and statistics.

The names of the actual Online Bachelor’s Degree in Business Management Programs might vary from school to school. This is called Bachelor in Business Administration in the University of Wisconsin Whitewater, Florida International University, West Texas A&M University, for instance.  The University of Northwestern-St.Paul calls its offering the BS in Business Management program. Appalachian State University, meanwhile, offers an online BS in Business Administration program.

Students are typically required to complete 120 academic credits.

Depending on the school, an Online Bachelor’s Degree in Business Management Program may give students options to choose their areas or concentration/specialized track areas. These can be in:

  • Accounting Management
  • Finance Management
  • Organizational Leadership
  • Entrepreneurship
  • Health Management
  • Sports Management
  • Human Resources

These areas of specialization that an Online Bachelor’s Degree in Business Management student chooses will position him for the career he wants for himself.

When they enter the marketplace, many graduates enter into the marketing or sales field. Some focus on finance or become financial analysts ($64,494 median salary) and market research analysts ($57,123 median salary). And since they are trained in sound management principles, many become successful human resource specialists. Many of these easily go up the corporate ladder, being familiar with business structures and culture, to become managers. Operations Managers and Human Resources Executives can earn a median salary of $60,000 to $115,000, according to PayScale.

Those with entrepreneurial grit set up their own businesses. Others pursue further studies and take up accounting, while others, still, get a Master’s Degree in Business Administration. Others still go on to study Law. Although some schools have a pre-law major, most do not. And according to the Law Schools Admission Council (LSAC), 67% of applicants with a Bachelor’s Degree in Business Management or Business Administration were admitted to law schools (2nd-highest group after those with a degree in History). The curriculum of an Online Bachelor’s Degree in Business Management Program is especially good preparation for those who intend to concentrate on Corporate or Business Law.

business management degree graduate admission to law schools

How are traditional degrees and online Bachelor’s Degree in Business Management programs different?

There are good reasons why students choose the traditional mode of acquiring a bachelor’s degree in business management and why others go for online degree programs in Business Management. To help the student decide on the best pathway towards his degree, consider the following on how traditional, on-campus Business Management Degree Programs compare to online Business Management Degree Programs

Schedule

A traditional Bachelor’s Degree in Business Management program has fixed, regular weekly meetings at designated classrooms. This builds a certain rhythm that some students may prefer.

On the other hand, Online Bachelor’s Degree in Business Management Programs are flexible. The student will be given a deadline by which time he or she should have completed all the required courses/modules. It’s entirely up to the student when to take classes. One can take classes five days in a row and then not take classes the following week. Everyone has life events that either impinge on or facilitate one’s availability. And an Online Bachelor’s Degree in Business Management Program makes allowances for these. The student can take his classes when available, when in the best mood to study, or when not busy with other responsibilities. He no longer has to tailor the rest of his life to his academic schedule but is now free to pattern his academic pursuits so that it harmonizes with the rest of his life.

There might be synchronous online class meetings that online Bachelor’s Degree in Business Management students need to take with the rest of the class every now and then. This might be meetings where collaboration is required among the members of a group working on a project, such as a business case. Ideas are more freely and spontaneously developed this way. The simultaneous presence of everyone creates a lively, energetic mood that transcends the physical distance between the students. This positive mood is helpful to students who may feel unmotivated when doing this alone/on their own.

Most of the time, classes and activities will be done asynchronously and each student can undertake these at the time that works best for each one.

School Preference, Environment and Socialization

For traditional schools offering Bachelor’s Degree in Business Management programs, enrollment to a course/class will be limited by the size of a physical classroom and how many students such can accommodate. Most everything will take place within the campus setting, or at different school facilities and venues. A class will meet at a designated classroom. This creates a certain familiarity among students who will meet at that specific classroom with one teacher and a particular group of students. Some make new friends this way.

Although in principle, online learning should not be limited by physical space, recent findings show that the effective size of an online class should be one that allows the instructor to customize the class and to have sufficient time to assess individual students. (Tomei & Nelson, 2019).

For online Bachelor’s Degree in Business Management students, their classroom will be wherever they are, wherever they choose to be. They can take a class in a café or at a quiet/stimulating place of their choosing. But they take their course alone. Some students who consider the physical presence of others a distraction actually prefer this.

The online classroom also provides means for students to get to know each other, just like in a traditional classroom. Perhaps even more so. Some teachers allow the use of social media for students to communicate there. But an online classroom chat room or messaging application isn’t the same as a private chat. It’s an indispensable tool for Online Bachelor’s Degree in Business Management students to exchange ideas on a topic that’s being discussed. It’s also a direct line of communication between the instructor and the students so students can immediately ask questions, while the teacher can either choose to respond to these immediately or towards the end of the class, according to his preference or teaching style.

The mentor needs to set a formal learning atmosphere in order to encourage productive conversations. Students, meanwhile, need to be more thoughtful about what they would say—because in a live, on-campus class, things can be more easily forgotten whereas in an online classroom, there’s a digital record of everything that’s shared.

Pacing, Time Management and Study-Life Balance

In a traditional Bachelor’s Degree in Business Management classroom, the pace would be set by the teacher. It is driven by the syllabus and the length of the academic term. For the teacher with a traditional mindset, there is very little wiggle room. And the class can’t be allowed to linger on a topic, i.e. perhaps one that the students find very interesting and longer than scheduled. Minimal time management is required of students who only need to show up in class and submit assignments on time.

In an Online Bachelor’s Degree in Business Management program, the student sets the pace. To many, this is a huge privilege that gives them the freedom to set their personal priorities: their life responsibilities, their work/profession (if they’re working students), their academic life, health, personal relationships, etc. But this is also a big responsibility and will require online students to be committed and practice proper time management. An Online Bachelor’s Degree in Business Management student’s success will probably hinge on this skill more than on anything else. Most online students, those who are able to manage themselves well, can complete their 120 credit units and earn their Online Bachelor’s Degree in Business Management in four years or even less.

Teaching Methods, Materials, and Learning Experience

In the traditional Bachelor’s Degree in Business Management program, the primary mode of instruction is lecture inside the classroom. The teacher may also demonstrate to students certain processes and methods. These teaching methods are often supplemented by readings and assignments. Interaction between the student and the teacher, and among students, is facilitated and controlled by the teacher.

Class activities and assignments may be individual or by groups. These groups can meet either during class or outside of the class schedule. The outside-the-classroom experience adds an element of novelty and fun to these activities. Feedback and evaluation are done through oral recitations and examinations conducted inside the classroom.

Typically, the primary learning material in the traditional setting would be textbooks and assigned readings (some e-books/website content), as well as other teaching aids brought to class by the teacher. When appropriate, field trips or physical travel to subject-relevant places can reinforce retention.

For the Online Bachelor’s Degree in Business Management program, lectures can be live (synchronous) or recorded (asynchronous). Online whiteboards emulate the classroom whiteboards that draw students’ attention to a single point of focus. Demonstrations can be done online (pre-recorded or live).

Learning materials are online (Learning Management Systems/LMS, online learning platforms, or other education technologies). With the boom in EdTech companies and the rich availability of new learning tools, the instructor can vary his method per session (i.e. use gamified learning content in one session, a teacher-created video in the next, and a virtual tour of a historical site after that). PowerPoint presentations and pre-recorded videos would be the ‘older’ methods.

Resources can be shared by the entire class on the cloud (i.e. Google Docs, Drive, etc.). Collaboration tools allow Online Bachelor’s Degree in Business Management students to collectively create/edit a document in real-time.

A dynamic teaching method like this, however, requires more time and preparation on the part of the teacher compared to traditional teachers who have been using the same lesson plan for the past five years.

As with traditional Bachelor’s Degree in Business Management programs, things discussed in class can be reinforced through assignments and individual or group projects. Feedback and evaluation can be done through virtual recitation. Exams, meanwhile, can be delivered through learning management systems or examination software.

Interaction

The mode of interaction with both teacher and classmates in traditional, on-campus classes would be through face-to-face meetings. Interaction is live and discussion is usually impromptu. While outgoing students find these classroom dynamics mentally and emotionally stimulating, this can be intimidating for reserved and timid students, those who are physically challenged, who come from minority groups, or who are from less privileged backgrounds—and who feel discriminated upon, or even bullied in physical class settings.

Finding professors/instructors and arranging a personal meeting on campus, during school hours, can also be challenging.

The Online Bachelor’s Degree in Business Management student will be very familiar with virtual interaction—making video calls, having web conferences, chatting, instant messaging, updating via e-mail, participating in discussion boards, and using cloud applications.

Since interaction/discussion can be asynchronous, students have more time to prepare their responses. Virtual presence in online classrooms makes irrelevant disabilities, personal inhibitions, social inequalities, or other hindrances that prevent a student from being his best in class. Since online and asynchronous modes of communication are available, consulting with teachers and collaborating with classmates is not a problem.

Elearning executive Kenneth Chapman provides the following insight on how an online college environment levels the field. This is because a large number of students feel more at ease participating in online discussions than in the classroom. “Not all students have the confidence (or language skills) to freely express themselves in a traditional course setting,” he explains.

Some of these advantages will have dollar values attached to them. Others, while having no monetary significance, are of much importance to students in certain walks of life, such as those who are working, single parents, or who reside in locations that are far from the learning institutions where they want to enroll. In the end, the prospective student should decide what is most important to him as he pursues his Online Bachelor’s Degree in Business Management program.

Additional Expenses

Over and above the tuition expenses, going to a physical campus often involves considerable additional expenses, including room and board, transportation, clothes for school, etc. Yale’s School of Management estimates this to be around 30% of tuition fees.

Is an online degree cheaper?

Because of lower costs associated with the operation of an online program vis-à-vis that of a campus-based program, an Online Bachelor’s Degree in Business Management Program is able to challenge the prices of traditional college degrees.

A year’s tuition fee at Harvard costs $47,730. If one adds all the additional expenses (travel, room and board, textbooks, etc.) the cost goes up to $78,200. Compare this to the cost of getting an entire four-year online degree from Harvard Extension School at $49,500. With the minimal additional expenses typical of online education, an online degree would only be 15%-25% of the cost of Harvard’s traditional degree.

But each traditional institution will have its own price structure for its on-campus programs and its online programs.

The cost of traditional education varies widely, from college to college. According to the National Center for Education Statistics (2021), the average tuition cost for four-year institutions is $28,123. But this can vary widely between public and private colleges ($10,000 to $37,000 up).

Historically, the cost of traditional education has consistently risen in the last 10 years. Online learning, however, is disrupting this trend. According to The Changing Landscape of Online Education report for 2021, close to 40% of four-year colleges generally have lower tuition fee rates for online programs.

COVID-19 has further decelerated this rising trend of tuition fees in traditional colleges. The College Board announced that this year’s tuition fee increases are among the lowest since 1990-91.

Meanwhile, this year’s spring enrollment statistics show the biggest drop in college enrollment in a decade, reports the National Student Clearinghouse Research Center (NSCRC).

But the price structures of a college education are evolving in the COVID era. And as demand for online education increases while the demand for traditional college degrees drops, it is possible that further changes in price structures will be seen in next year’s survey. If Chris Christensen’s prophecy holds true, as online education becomes more available to all, traditional learning institutions will be forced to fall in line with the online education revolution, or die.

undergraduate online degree cost

Is an online degree as good as a regular degree?

Online Bachelor’s Degree in Business Management programs are not watered-down versions of traditional, in-class programs. Both follow the same curricula and develop the same skills that a business management practitioner would need in the real world. No foundational knowledge or hands-on training is skipped. Both need to complete 120 academic credits. An enrollee in a traditional Bachelor’s Degree in Business Management who takes full load each year will be able to complete his degree requirements in four years. Most online enrollees are also able to graduate in about four years. While others who make the most of their summers and take online degree courses in Business Management are able to finish in three and a half years.

The bottom line is that a Bachelor’s Degree in Business Management program graduate—whether from a traditional college or an online program—should be able to immediately jump into his business role after graduating and contribute to his company’s output.

How much does an online Bachelor’s Degree in Business Management cost?

The cost of an Online Bachelor’s Degree in Business Management varies widely from state to state and from college to college, depending on whether it’s a public institution, a private non-profit institution, or a private for-profit institution. Some traditional schools charge different rates in their on-campus vs. online students.

According to the CHLOE Report of 2021, taken after the onset of COVID-19 disruptions, different schools have different rationales behind their tuition fee structures. But based on the survey, the majority of private four-year, public four-year, and public two-year institutions have “standard tuition rates for programs, regardless of delivery mode (on-campus or online).” Other institutions report that they “have generally higher tuition rates for online programs.”  A number, mainly, from among private four-year college institutions, say they “have generally lower tuition rates for online programs.”  (CHLOE 6, 2021)

Many traditional schools also have different tuition fee rates, with some offering the best value, for in-state and out-of-state students. Most online schools, however, charge both kinds of students the same.

But just to give inquiring students an idea, the per-credit cost for an Online Bachelor’s Degree in Business Management program would range between $130 and $1,290, or between $15,600 and $154,800 for the entire program, depending on the school.

The prospective college student is advised to call up schools to inquire about or confirm the rates posted on their websites with regard to their Online Bachelor’s Degree in Business Management programs.

Is an online Bachelor’s Degree in Business Management program worth it?

An Online Bachelor’s Degree in Business Management program gives you access to learning at a time when there is difficulty or hesitancy among students to enroll in colleges due to the COVID-19 pandemic, the dire economic situation, and the rising costs of traditional education. It will provide one with the same knowledge and skills as an on-campus Bachelor’s Degree in Business Management program would. One can have near-full control over one’s learning pace, schedule, and college budget. This allows learners to have more balance in their work, study, and personal lives. More importantly, it enables one to achieve one’s goal of acquiring the best Online Bachelor’s Degree in Business Management.

What are the requirements of an online Bachelor’s Degree in Business Management program?

Admission Requirements

Applicants to an Online Bachelor’s Degree in Business Management program must be high school graduates and submit their transcripts, diploma, or a GED certificate. Different colleges have varying minimum GPA requirements (2.0 to 2.5). Additional requirements vary from university to university. Most universities require SAT or ACT scores but some do not.

General Requirements

There are some basic knowledge and skills that will be required of all Online Bachelor’s Degree in Business Management students. Among these are knowledge on/skills in:

  • basic computer operation
  • using e-mail
  • downloading attachments
  • the use of web browsers
  • downloading and installing software
  • online research
  • adding browser plug-ins/extensions
  • using word processor applications
  • using a presentation application
  • different kinds of file formats: .pdf,.rtf,.doc, .docx, .txt and others
  • operating document scanners or document scanning apps to convert handwritten work to a PDF file
  • following instructions from handouts, step-by-step tutorials, online videos, etc.

What are the technological requirements of students for online learning?

The minimum standards for technological requirements of different colleges and universities may vary. Some areas of study (i.e. graphics design, computer programming, etc.) would require more powerful hardware.

The general minimum technological requirements would generally be along these lines:

  • computer or mobile device that ideally has an i3 processor or equivalent (2GHz or higher)
  • computer or mobile device not older than five years old
  • Windows 10 or Mac OS 10.11 or higher
  • 2GB RAM
  • 2GB of free disk space
  • stable internet connection (at least 10 Mbps)
  • speakers or headphones
  • microphone (built-in on the computer or on headset)
  • webcam
  • internet browser
  • Microsoft Office (MS Word, Excel, PowerPoint)
  • Adobe Acrobat Reader
  • Media Player

Courses to Expect in Online Bachelor’s Degree in Business Management

The Online Bachelor’s Degree in Business Management student will be required to take core business courses that include the following:

  • Production and Operations Management
  • Managerial Accounting
  • Marketing
  • Human Resource Management

Other specialized courses might be unique to certain schools. These include:

  • Leadership Principles
  • Global Business Management
  • Business Law

Things to Look for in an Online Bachelor’s Degree in Business Management Program

There are things one must take into account when considering an Online Bachelor’s Degree in Business Management program provider. Among these are:

Availability in one’s location

Different schools will have different policies on the acceptance of students from out-of-state or overseas. One should inquire directly with the institution before applying.

Accessibility

The student should try and get a copy of the coursework in advance. Some subjects might require travel to facilities located in another state, for instance. Ideally, one would want the required resources to be available where one is residing to save on travel expenses.

Teaching methods

Inquiring students need to clarify whether an Online Bachelor’s Degree in Business Management program is fully online or hybrid. synchronous or asynchronous, whether published textbooks or just free and online e-books will be used.

Reputation

The reputation of an institution will always find its way to the net. A prospective college student  should also find out as much as he can about the members of a school’s Board of Trusties and what they are known for. One can find out how many graduates pass the board exams. One can also try to get in touch with some alumni of the school. Check the Better Business Bureau for complaints and issues against the school, talk to local residents, inquire with the Department of Education, or the Council for Higher Education.

Accreditation

An Accreditation from a good accreditation body is a strong testament that an institution has integrity and that its academic program complies with set standards. One should find out if the school or course that one would like to enroll at has one.

Be careful of counterfeit accreditation bodies that give their seal of approval to diploma mills for a fee. The Council for Higher Education has a Database of Institutions and Programs accredited by recognized U.S. accrediting organizations. Accreditation can be regional (i.e. from the Higher Learning Commission and the Middle States Commission on Higher Education) or can be national (i.e. Distance Education Accrediting Commission). Experts say that the more reputable schools possess regional accreditation.

Hidden costs

The best Online Bachelor’s Degree in Business Management programs have less associated costs compared to on-campus degrees. These do not normally require regular transportation expenses, room and board, and other personal expenses. But there could be fees that are not directly mentioned in their marketing brochures or websites, i.e. technology or online access fees (i.e., per credit). Some schools charge higher tuition fees to those accessing the school’s online learning facilities from out-of-state. In many institutions, tuition fees might already be inclusive of fees for the use of facilities and services inside the campus. Students who do not intend to make use of these may want to inquire with the Admissions Office or the Registrar’s Office if these could be deducted from their total fees for the semester or year.

Internet and Support Services

The reliability of a school’s online services is only as good as its servers and the content delivery systems used. It would be good to inquire about the reliability of the school’s hardware and network, i.e. How frequent are downtimes? What contingency plans has the school put in place, in the event of downtimes? Is data backup service provided? Perhaps most importantly, one should ask if technical support will be made available to students who encounter technical issues any time of the day or night, or just during office hours.

On-site requirement

Some fully online programs may still require students to come to the college campus during orientation, exams, at certain events, or at certain intervals. This might mean considerable additional expenses for the student.

Transferability of credits

One should inquire with the university or school if credits earned in one online program will be honored in another college or program, should a student decide to switch programs.

Getting Ready to do Business

Business in the internet age and especially now in the time of a global pandemic isn’t ‘business as usual.’ One needs a firm academic and practical foundation that’s flexible and in tune with the latest developments. Compared to traditional, on-campus education, an online Bachelor’s Degree in Business Management Program is more flexible in terms of the learner’s conditions and more adaptable in terms of content.

Compared to traditional programs that are rigid and textbook-based, the syllabus of an online Bachelor’s Degree in Business Management program can be updated on the fly. Because that’s the nature of everything online. So the content taught is always fresh and adapts to the changing milieu of the business environment.

It is able to quickly take advantage of fast-moving opportunities, such as those that suddenly present themselves in the real world of business. An aspiring online Bachelor’s Degree in Business Management student must first know what his priorities, needs, and timetable are. Then based on the information provided in this article, go on to decide whether an online Bachelor’s Degree in Business Management program is the best vehicle to prepare him for success and to help him reach his business management career goals.

 

References:

  1. Affordable Colleges Online Staff Writers. (2021, May 13). Online Guide to Accredited Colleges & Universities. Affordable Colleges Online. https://www.affordablecollegesonline.org/accreditation/
  2. Alder, J. (2020, December 29). 10 Best Degrees for Getting into Law School. College Consensus. https://www.collegeconsensus.com/features/best-degrees-for-law-school/
  3. Banks, C. (2016, October 26). Core Business Classes. Small Business – Chron.Com. https://smallbusiness.chron.com/core-business-classes-13650.html
  4. Best College Reviews. (2021, July 20). Best Online Bachelor’s Programs in Business Management 2021. https://www.bestcollegereviews.org/top/online-business-management-degree/
  5. BestColleges Rankings Team. (2021, February 3). Best Online Bachelor’s in Business Management Programs of 2021 | BestColleges. BestColleges.Com. https://www.bestcolleges.com/features/top-online-business-management-degree-programs/
  6. Gallagher, S. (2018, December). Educational Credentials Come Of Age: A Survey on the Use and Value of Educational Credentials in Hiring. Northeastern University, College of Professional Studies. https://cps.northeastern.edu/wp-content/uploads/2021/03/Educational_Credentials_Come_of_Age_2018.pdf
  7. Garrett, R., Simunich, B., Legon, B., & Fredericksen, E. (2021). The Changing Landscape of Online Education (CHLOE)-6: Online Learning Leaders Adapt For A Post-Pandemic World. Eduventures Research and Quality Matters. https://www.qualitymatters.org//sites/default/files/research-docs-pdfs/QM-Eduventures-CHLOE-6-Report-2021.pdf
  8. HolonIQ. (2021, June 29). Global EdTech Funding 2021 – Half Year Update –. https://www.holoniq.com/notes/global-edtech-funding-2021-half-year-update/
  9. Logan, J. (2021, April 21). List of Accredited Online Degree Programs. OnlineU. https://www.onlineu.com/degrees
  10. Maryville Online Staff. (2021). Accredited Bachelor’s in Business Administration Degree Online. Maryville Online. https://online.maryville.edu/online-bachelors-degrees/business-administration/
  11. Tooze, A. (2020b, April 14). The Normal Economy Was Broken by the Coronavirus Pandemic and Is Never Coming Back. Foreign Policy. https://foreignpolicy.com/2020/04/09/unemployment-coronavirus-pandemic-normal-economy-is-never-coming-back/
  12. United Nations Educational, Scientific and Cultural Organization (UNESCO). (2020). Education in a post-COVID world: Nine ideas for public action. https://unesdoc.unesco.org/ark:/48223/pf0000373717/PDF/373717eng.pdf.multi
  13. University of the People Staff. (2021, May 20). 10 Most In Demand Degrees in 2020. University of the People. https://www.uopeople.edu/blog/10-most-in-demand-degrees-in-2019/
  14. Western Governors University Staff. (2021, July 1). Online Business Management Degree – Bachelor’s of Science | WGU. Western Governors University. https://www.wgu.edu/online-business-degrees/business-management-bachelors-program.html#close

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