Correspondence MBA programs are usually called distance learning MBA programs. Although correspondence programs used to be taught through the mail, most distance learning programs today are completed online.
Overview and Background: Correspondence MBAs
Correspondence courses are related to distance learning but typically refer to courses that are delivered by mail. Institutions send lessons by mail to students who complete them at their own pace. With the advent of computers and the Internet, correspondence learning started to be offered online and is known as distance, online, or electronic learning. Still, the advantages of a correspondence MBA program remain the same and include the following:
- Students receive instruction anywhere in the world
- Students complete lessons when they can
- Students stay competitive and can apply what they're learning immediately
- Students have access to new technologies as programs change
- Students can take advantage of learning opportunities later in life
<h3 id="section---ImportantFactsAboutThisFieldOfStudy">Important Facts About This Field of Study</h3><p></p><table border="1"><tr><td> Prerequisites </td><td> GMAT or GRE scores, current resume, transcripts, professional recommendation</td></tr>
<tr><td> Concentrations </td><td> Finance, international business, marketing, supply chain management</td></tr>
<tr><td> Possible Careers </td><td> Financial manager, accountant, computer and information systems manager</td></tr>
<tr><td> Continuing Education </td><td> Continuing education for certification is required in some MBA concentrations, such as accounting and finance</td></tr>
<tr><td>Median Salary (2021)</td><td>$131,710 (<i>for financial managers</i>)*</td></tr>
<tr><td>Job Outlook (2021-2031)</td><td>17% growth (<i>for financial managers</i>)*</td></tr>
</table><p><i>Source:*U.S. Bureau of Labor Statistics</i>
</p><h3 id="section---AvailablePrograms">Available Programs</h3><p>Today, correspondence or distance learning MBA programs are very popular around the world, especially in India, according to Education Resources Information Center (<i>www.eric.ed.gov</i>). Correspondence MBA programs are especially popular with working professionals who are already employed while earning their MBAs. Many correspondence MBA programs are accredited, which means the degree is recognized by other universities and by employers. According to <i>BusinessWeek.com</i>, there are more than 60 schools offering distance learning MBA programs, including:
</p><ul><li>Arizona State University
</li><li>Colorado State University
</li><li>James Madison University
</li><li>University of Texas - Dallas
</li><li>Carnegie Mellon University
</li></ul><h3 id="section---SampleCoursework">Sample Coursework</h3><p>Each university's MBA program is different. However, most MBA programs cover core business topics. When choosing a correspondence MBA program, you may want to look for a program that has similar course requirements as an on-campus program. Some common MBA course topics include:
</p><ul><li>Accounting
</li><li>Marketing
</li><li>Financial principles
</li><li>Decision making and probability
</li><li>Ethics and business law
</li><li>International Business
</li><li>Leadership</li></ul>
