Students Should Expand Their Online Degree Horizon

Online students are enrolling closer to home

Improve Your Online Degree Research

recent study indicates that most students researched online program options quickly and often focused only on local institutions. Given the total cost of tuition and the years it may take to earn these degrees, this narrow approach to making such an important decision is shocking! Students should expand their online degree horizon to be sure they make the best choice possible.

In the table above, we see that over time fewer students (20% in 2017) choose to study online at universities more than 100 miles away from their home.* The study suggests that this is happening because the increased number (increased availability) of online programs encourages localization.

The same study found that 36% percent of online college students applied to only one school and 29% applied to only two schools. Sixty-one percent enrolled in the program that responded back to them first. Why? Either:

  • prospective students research and narrow down their list of programs to consider before finally applying to programs, or
  • they don’t have the time to fully research all of their options and, consequently, reach out only the few that they are most familiar with, because of time constraints

Is this you? By limiting your selection to only online programs within 100 miles of where you live, and only researching a few online programs before selecting and enrolling, you are overlooking truly excellent online programs in the national market that better meet your needs.

The potential trade-offs here are significant: paying higher tuition, being forced to take standardized tests for admissions consideration, missing out on relevant concentrations that might help your career advancement, and more.

Expand Online Degree Horizon with The Online Degree Database

Empowering you to find the best online program is possible if you have:

  1. Reliable and unbiased information on a comprehensive, national listing of online degree programs in an easy-to-use format
  2. The information that matters most to you about these online degree programs – how much is the tuition, what are the admissions requirements, is the program 100% online or will you have to attend some on-campus classes, what concentrations are available with the program, etc.

The Online Degree Database offers these details and more for the most popular online degrees available in the market today. The ODD is a new, unique, and unbiased source of information compared to the traditional marketing portals that are designed to collect your information to see as leads. We don’t collect or sell your personal information to anyone!

Visit our Available Programs web page to see what online programs are in our database and use our interactive tool to select the best possible programs for you when you are beginning your search. Get your FREE reports which contain the university and degree names and program website links for the programs that fit your criteria. We help you do the necessary due diligence you want to do before you make this big investment.

Visit the Online Degree Database today and empower yourself as you expand your search for the best online degree program!

If you work at a university with online degree programs, find out about our market and competitive intelligence reporting capabilities by contacting michelle@onlinedegreedatabase.com.

*In 2017, these data are presented for all online students; unlike 2012 & 2016, online graduate student data is not presented discreetly.

Finding the Right Business Master’s Degree

online business degrees, online masters degrees, online degrees

Business Degrees Rule in the Online Master’s Degree Market

Hundreds of thousands of undergraduates study and graduate from business fields in the U.S. every year. Many find that their career ambitions are best served by completing master’s degrees. But, which business field is the right one?

In this article, we present:

  1. basic data on the current size of business master’s degree markets to provide context for prospective students interested in getting their master’s degree, and
  2. research results on student motivations for pursuing a business master’s degree.

The National Center for Education Statistics (NCES) collects degree information annually from all of the accredited colleges and universities in the U.S. The 2016 data from the NCES shows that business disciplines continue to be among the most popular for student seeking master’s degrees. Which of these business master’s degrees grants the most degrees?

The chart above shows the percent of business master’s degrees awarded by field in 2016.

The Business Administration and Management discipline awards the most master’s degrees by far – this is the Master of Business Administration (MBA) category.  The MBA is still the degree of choice for the vast majority of business students interested in graduate education. Accounting awards the next largest number of master’s degrees, followed by Finance, Human Resources Management, and Organizational Leadership.

Student Motivations

Prospective business master’s students start considering a master’s degree, on average, two years before applying to a program, according to the GMAC 2017 Prospective Student Survey.  They select their short list of schools about a year before actually applying to master’s programs.

Why do students decide to get a master’s degree?

  • Enhance their current career
  • Pursue a different career
  • Better manage their own business

Cost is their biggest reservation about returning for the master’s degree

The top three concerns identified in the research include:

  • The cost of getting the degree; finding ways to finance this includes looking at employer-sponsorship, scholarships, grants & fellowships – ultimately, they say they’ll go to the school that offers the best financial package
  • The time and energy business school requires
  • How pursing the degree will affect their personal relationships and personal plans

The proportion of students that say they are interested in a non-MBA business degree has increased over the past five years; this is likely driven by growth in degree options like Master of Analytics and Master of Entrepreneurship programs. Click here for more details on Master of Analytics programs.

What are the key decisions to make along the way when you decide what type of degree to get?

In the GMAC 2016 Prospective Students Survey Report, prospective students whose first choice was the MBA also considered Master of Finance and Master of Management degrees.  Among those whose first choice was Master of Management, they also considered Master of Global Management, Master of Finance, and the One Year MBA.

Here are some of the other disciplines that students tended to consider together:

  • Master of Accounting prospects also considered Master of Finance and Master of Taxation
  • Master of Finance prospects also considered Master of Accounting and Master of Management
  • Master of Marketing prospects also considered Master of Global Management, Master of
    Management, Master of Entrepreneurship
  • Master of Supply Chain Management prospects also considered Master of Global Management
    and Master of Management

Online Degree Database is Your Best Source for Research

While there are many different resources available to you as you work your way through all of the decisions necessary to find the best business master’s program, until recently, there was no place to go for complete and objective information about available online business master’s degree programs.

The Online Degree Database gathers the details of all the most popular online master’s degree programs in the United States so you can search by the exact criteria that’s right for you.  You can select programs by Degree Type, Total Tuition, Professional Accreditation, Admissions Requirements, Location and more. Then you can get a free report that lists the institutions that offer the programs that meet your criteria. This free report also provides an active link to the program website so you can do more detailed research on your own.

If you are still trying to decide what type of business master’s degree is right for you, use our Interactive Tool to create various scenarios by type of degree, and  generate your free reports on the key characteristics of these programs to help get you started!

Getting your master’s degree is expensive, in terms of cost, time, and effort.  Let the Online Degree Database help you be sure you choose the best program possible.

Universities, work with the Online Degree Database directly to access unique and relevant intelligence about the online degree market. Contact Michelle at michelle@onlinedegreedatabase.com for more information.

Search our available programs and get your free reports today!

 

Research Online Programs to Avoid Buyer’s Remorse

Online degrees help you improve your career options

Research Online Programs to Avoid Buyer’s Remorse

A recently published study (2017) with online students reveals a startling fact: nearly 60% have buyer’s remorse. They say that if they could start over again, they would:

  • contact / research more schools when shopping for the right program (23%)
  • learn more about tuition and fees (17%)
  • learn more about their financial package (16%)

Let’s examine these a little closer…

Research More Schools

This same study indicates that over the past few years, online students look at a surprisingly small number of programs when they shop. Most contact one, two, or three schools only, before making a final choice. These factors may drive this behavior:

  • with nearly 29,000 online programs in the market in 2016 (pulled from IPEDS), prospective students face an overwhelming task if they conduct a comprehensive and thorough search for the best program
  • evaluating the differences in online degree programs is difficult unless you know what questions to ask
  • taking the time, if you are working full-time, to complete this shopping exercise thoroughly is ridiculously difficult
  • online education directories (the marketing ‘tools’ of the trade – see here for more) and paid search google ads for online degree programs quickly take the prospective student off the path and into the weeds. Just try googling “Online MBA” to see what I mean.

These are just a few of the factors that lead prospective students to buyer’s remorse. I’ve written even more about how students are “passive shoppers” here.

Let’s move to costs next.

Understand The Costs

Another area of buyer’s remorse is wishing for a better understanding the overall tuition, fees, & financial package before buying. As with all purchases of intangible products, determining what you want to pay for a university degree is difficult. The challenge lies in trade-offs: we want the best price possible while still meeting our preferences and professional goals (quality). A few examples include:

  • how much more should we pay for earning the degree from a school with a strong reputation?
    • in the virtual sea of rankings on the web, which are the best measures of reputation to use?
  • how to evaluate the ‘quality’ of the faculty and put a dollar value on this?
    • is quality measured by student reviews of teaching or by academic publishing / grant awards?
  • what about the quality of the online experience? Is the program delivered via lecture capture or through more advanced techniques?
  • and, importantly, does the program website clearly lay out all of the costs involved to students? Is there is any type of scholarship or tuition reduction available to prospective students?
    • is there a tuition promise, say if you start in 2017-2018, the total tuition including cost of materials and fees is $XX,XXX?

There are so many differences in how programs deliver and charge for online education that it takes an expert to differentiate the pros and cons. And these differences will, without doubt, affect your perception of the program’s price vs. its quality. Students with buyer’s remorse in this area must experience a price vs. quality gap. Considering the thousands of dollars an online degree costs, you don’t want to experience this gap. So what can you do?

The Online Degree Database™ Difference

So where should a prospective student turn to avoid buyer’s remorse? The number of online students and online degree programs is growing dramatically. Today, the prospective student faces the most challenging market for shopping ever. How can you be SURE that you avoid buyer’s remorse?

This is exactly the reason why we built the Online Degree Database™.  Read through our decision guide to think about what’s most important to you. Check out the questions we’ve developed for you, to ask of online program directors as you shop for the right program. And most importantly, use our available programs search tool. This tool allows you to create a comprehensive and free list of possible program options from an unbiased source of information.

Why are we the best source? We gather the details of all the most popular master’s degree programs in the United States directly from university websites so you can search by the exact criteria that’s right for you.

Let us save you weeks of searching! The Online Degree Database™ is designed to help you make the best decision for one of the biggest investments you’ll ever make. Visit our website today to start your research and get our free reports!

Universities, work with the Online Degree Database directly to access unique and relevant intelligence about the online degree market. Contact Michelle at michelle@onlinedegreedatabase.com for more information.