A survey in 2011 conducted by the Babson Survey Research Group has shown that over six million higher education students take at least one online course during the year. This survey for online learning has confirmed that over one third of all students have some sort of online education.
Since then, the number of students taking some sort of online education has been able to grow even further. Some experts even say that the growth is so big that the rate is 10 times higher than the growth rate in all other higher education programs.
Bearing this in mind, one might say that at this rate, sooner or later all higher education will be online. The climate for online education has improved even further since then and now, there are many degrees you can get online in fields like business, engineering, information technology and many others. Getting an online degree can allow you to explore another career choice or advance at your current job position, but if you are having troubles choosing the right program, you’ve come to the right place.
Here are some of the best programs we have chosen based on important factors such as salary, the demand for that degree and job satisfaction.
1- Online Master’s Degree in Business Administration
With the starting median salary being more than $90,000 and many industries claiming that it can go even higher, this degree is certainly very attractive. Over 65% of fresh MBA graduates have many job offers upon their graduation. This kind of degree provides careers with many advancement opportunities, more money and higher expertise.
Online MBA degrees usually include courses like finance, information systems, economics, management and marketing. These kinds of degrees also cover skills like human resources, leadership and management skills. MBA programs last two years and some can even be completed in one year. The specialties included are health administration, information security, applied computer sciences, marketing, engineering, information security management, technology management and international business practices.
2- Online Master’s Degree in Finance
The Bureau of Labor Statistics has shown numbers that predict the employment growth rate to be around 23 % from 2010 to 2020, while the current median salary for positions like financial analysts starts at around $76,000. Master’s degree graduates in finance have a key competitive edge in fields like corporate finance, financial management, retail and commercial banking, managing finance of companies and organizations and stock broking.
There are many employers looking for workers who have a master’s degree in MBA or finance. People who have experience can get the opportunity to become a portfolio manager and be the main supervisor of analyst teams. With this degree, a person can work for pension funds, banks, mutual funds, security companies and other business. Financial analysts who do their job successfully usually become associates or senior financial analysts after three or four years.
3- Online Master’s Degree in Human Resources
The median salary for human resources managers in May 2011 was around $99,000 and the estimated employment growth rate from 2010 to 2020 is predicted to be around 12 % (Bureau of Labor Statistics). Human resource managers who work in small companies are obligated to position assignments, hire people, resource allocation, training, benefits, compensation, health and safety tasks and dealing with regulations and laws which affect employees at the workplace.
In big companies, their role is much more specialized and, if a person wants to get to a high profiled management position, he or she will have to get an MBA as well. These programs cover areas like finance, labor economics and business law, while students who attend these courses take a lot of case studies. The program usually lasts around 2 years.
4- Online Master’s Degree in Marketing
The median salary is around $120,000 for marketing managers and $60,000 for marketing research analysts. The estimated employment growth rate for marketing managers is around 14 % and, for Market research analysts, 41 % from 2010 to 2020 (BLS). Students with a master’s degree in marketing get the necessary skills to create brand power by studying many concepts, theories, principles, and brand terminology for equality and management.
Students learn about target market identification, product development, message strategy, media choice and qualitative and quantitative marketing research methodologies. Graduates of these programs have the knowledge to manage marketing strategies, market research, pricing, product development and sales of a certain company.
These degrees have been nothing but hot in the last 5 years, and likewise there is constant growth in students attending these programs. But don’t think that