The Economical Appeal of Mini-MBAs

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Posted on November 24th, 2009

MBAs can typically cost students anywhere from $50,000 to upwards of $200,000 for only two years of education.  However, for those students who simply want to supplement their business knowledge in order to make better decisions in their career, mini MBAs are now an attractive solution to this dilemma.  Mini-MBAs typically cost less than $5,000 and offer business professionals an insight into the program, as well as other career-driven students who need some business background in order to make informed decisions. 

Mini-MBAs developed as part of the executive MBA program and typically give students a condensed overlook of the program without delving too deeply into topics.  While this may not be enough for the business professional who wants to move ahead in the company, this is perfect for the person who wants to own his own business and does not want to have the burden of $100,000 school bills.  This has also become an appealing opportunity for students who have recently become unemployed and want to learn more about business for the fraction of the cost. 

Known as MBA Boot Camps in the past, Mini-MBAs have since found a new outlet for students who otherwise would not have the funds for an MBA.  These programs hold many valuable opportunities for students because they offer many students a peek inside the MBA world without committing themselves to the expense of a traditional MBA degree.  However, they walk away with the knowledge necessary to open their own business or make business deals with other companies.  Recently, people who have been laid off are looking to this degree to supplement their resume, using their severance packages to pay for the cost.

This quick program offers students the opportunity to gain an additional degree within a few weeks, which is incredibly appealing to the recently laid-off.  The days of the recently unemployed consist primarily of job-hunting (which becomes increasingly frustrating), and taking classes which supplement degrees is a more productive use of time and can earn many students a better job outlook for potential employers. 

While mini-MBAs have not been accepted by every part of the business community, they have provided many people the opportunity to gain a further education for only a fraction of the cost which in turn aids them in getting a better job.  Similar degrees will probably develop throughout different fields, as the economy slowly begins to resuscitate itself. 

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