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Weigh an Online Degree Program in Management

Julianne Metzger researched online master’s degree programs with a clear goal in mind: transition to a higher-up role in her field.

Currently a strategic communications analyst for the Army, the 33-year-old already has some managerial experience. But earning a master’s in management will qualify her for more senior-level jobs, she says, and doing so online allows her to continue working while completing her education.

“I feel like the master’s degree will help prepare me for the civilian world and for larger teams,” says the Virginia resident, who’s pursuing her online master’s with a public relations specialization at University of Maryland University College, where she previously earned her bachelor’s.

[Discover three facts about working while pursuing an online degree.]

Not every manager job requires an additional credential. But there are plenty of online options for those aiming to advance in their fields — whether it’s a general business management degree, either with or without a specialization; a certificate; or an MBA.

In a 2017 survey by Aslanian Market Research and the Learning House, 80 percent of prospective, current and recent students cited career-related reasons for pursuing their online degree.

Though requiring strong self-discipline and time-management skills, management online degree coursework can teach students to supervise and collaborate with remote employees virtually, says Crystal Fey, a senior program manager at the University of Wisconsin–Extension, which offers management programs in health and sustainability for distance learners.

“Building relationships online, communicating online, even having a discussion, a two-way argument online, is really important, and it helps them when they actually have to do it live,” she says.

The fact that online students generally work while getting their management degree may increase their chances of a promotion at their current company, says Bruce Gilmore, a professor of practice at the Arizona State University W.P. Carey School of Business — though it could also lead to employment elsewhere. ASU Online offers a range of online management degrees and certificates.

[Learn how to choose between online graduate certificate and degree programs.]

While in the U.S. an MBA is the more widely recognized credential among employers, an online management master’s often takes less time to earn and for certain aspiring managers may be the right choice.

Generally, an online MBA covers “all of the skills necessary for general management,” from finance to strategy to operations, says Thomas Boyd, vice president and dean of business and information technology at the for-profit Kaplan University, which delivers many degrees online. To compare, the school’s Master of Science in management and leadership aims primarily to help students develop leadership styles based on their strengths.

“The curriculum is much more focused on management theory and leadership,” Boyd says.

For undergraduates, Gilmore says, online programs in management often allow them to gain the basic qualification needed for a manager role. That was the case for Wisconsin resident Nate Tillis, who earned a sustainable management bachelor’s online through UW–Extension.

Tillis, now 38 , had a two-year degree from a Wisconsin technical college. But, he says, he felt his lack of a four-year degree was holding him back. He started exploring general business degrees online but ultimately took a different route.

“I wanted something that was more direct toward the field,” says Tillis, who got a job as a maintenance supervisor for the City of Waukesha in Wisconsin upon earning his degree after working elsewhere.

When exploring undergraduate or graduate online degree options, prospective students may also encounter both general and specialized management programs. For those who want to focus on leadership more generally, the broader management program may be best, though this depends largely on their career aspirations, says Anna Seferian, vice dean of business and management at the UMUC graduate school.

[Assess your long-term goals when choosing an online bachelor’s program.]

“It’s not uncommon for students to go from one to another,” she says. “They would start with a general management degree, take a couple of classes and then realize there is something really interesting in one of the functions.”

There may be significant overlap in required foundational courses for specialized online management degrees, experts say. This can provide greater flexibility to switch programs.

Some online universities also offer management certificates. ASU Online, for example, has graduate certificates in clinical research management and corrections management.

Generally shorter in length than online degree programs, certificates may allow for a more immediate career boost, says Boyd, of Kaplan.

“You need to look at the big picture in your organization or in your career path,” he says. “If somebody can identify the specific knowledge or skills that they need to get to that next level, then a certificate or a course is very possibly enough for them.”

But there are also downsides to smaller online credentials in management, Boyd says.

“Certificates can be great for getting that next job,” he says. “But it doesn’t necessarily open doors for future advancement.”

Trying to fund your online education? Get tips and more in the U.S. News Paying for Online Education center.

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Weigh an Online Degree Program in Management originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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