If I can obtain funding for an online business I will most likely do better in the long run. According to the online publication Business Week MBA Pay a Crystal ball: ( 2009, Gerdes) “New research commissioned by Business Week suggests that when it comes to the post-MBA earnings accrued by graduates of top business schools over the span of their careers, not all schools are created equal. Some schools that start out strong with six-figure salaries sometimes sputter and stall, leaving grads with less-than-impressive salaries after 20 years in the workforce. And some schools where grads earn modest salaries out of the gate end up with the strongest of finishes, in some cases doubling their cash compensation after 20 years and overtaking better-ranked rivals.” With that being said it is hard to argue with the fact that those with an MBA have a much greater earning potential over a span of say 5yrs to 20 yrs than those that do not have an MBA is quite impressive.
Although this information is rating the top business schools, for what I am looking for in a school and the convenience of being able to do this online the University of Phoenix Online was a no-brainer. According to the Jungian Personality self assessment test I am rated as a hardcore type-A personality in which it is stated that I generally work better on my own. With that being said, that is what I am doing now, working by myself, but I need to be able to work more from home and not have to be in the field physically wearing myself down. In regards to this I have found that many of the online school graduates of schools that are not connected with a highly rated brick and mortar institution are not as highly sought after by large corporations. It is stated according to BNET (Business NET) in an article entitled “What’s an online MBA worth” (2009, Overfelt) That if one is starting a new career being an entrepreneur such as myself, or for someone that is already trying to move up the ladder within the company of their present employment that an online degree might be better for me than someone that is starting green form the outside of a large corporation.