Recently, the University of Illinois at Urbana-Champaign announced the closure of its full- and part-time MBA programs as the school intends to focus on expanding its online MBA program.
The move highlights the growth in popularity of online-format MBAs in recent years. According to 2016 data from the Graduate Management Admission Council, the majority of online MBA programs that year – 57% — reported an increase in applications, up from 50% in 2015.
And rankings of online MBA programs show that they are available in all price points and lots of different formats.
- Offer more choice
- Cost less money
- Have increasing credibility