Corporate Training & Development: Why It’s Important in 2021

No matter your industry, role, or career objectives, knowledge is power. You need it if you want to advance and maintain the same level of performance that won you that promotion. 

How do you go about getting the skills and knowledge you need? That’s where corporate training and development come into play. In the 2020s, it’s going to play a huge role in the way organizations think about and invest in their employees.

That’s why we’ve put together this handy guide. We’ll uncover:

  • What corporate training is and why it’s so important
  • Tips to maximize the benefits of corporate training and corporate eLearning
  • How to identify the right corporate training courses that work best for you

By the time you’re through, you’ll know exactly what a solid corporate training program looks like and how to make the most of what’s out there to accelerate your career.

What Is Corporate Training?

Corporate training refers to organized professional development activities created by companies to help their employees be more effective on the job. If you’ve ever taken a set of courses created and hosted by your employer, you’ve had a taste of what it entails.

These days, you’ll often see it called Corporate Education or Workplace Learning, but it’s a little different from the concept of on-the-job training. Corporate training is:

  • A form of continued education. You may encounter online courses, seminars, or series of lectures much like a traditional college class. This is especially true if your company uses outside resources or institutions that offer corporate training.
  • Geared toward your holistic professional development. It will help you attain the skills you need to be an effective corporate professional.
  • Not always company-specific. Corporate training is designed to help you excel in your current role and become more valuable to the company over time. However, you’ll usually also develop skills that you can take with you to other companies.

How You’ll Benefit From Corporate Training

A good corporate training program is one of the most critical things to look for when you consider taking a position in a company. The presence of one signals that the company recognizes its employees as a valuable resource and is interested in nurturing you as an asset. This has a host of benefits for both the company and you. Research suggests that you’ll enjoy:

  • Increased efficiency and competence at your job
  • Greater motivation and morale
  • A stronger and more cohesive company culture
  • Stabler teams and relationships due to fewer turnovers

Corporate Training Processes That Support Your Success

Imagine one Friday that you walk into your yearly review with your boss, who’s so enthused about your performance that you get a promotion. Congratulations! In the corporate world, that’s what everyone wants to hear.

Come Monday, get dressed up in your most confidence-inspiring outfit and head into the office. Your first task? A meeting with a key partner in an hour about an initiative spearheaded by your department. All right, you say. New position, new experience! Then, your boss hands you spreadsheets you’ve never seen before to help you prepare. By the way, after that, you’re having lunch with two of your department’s team leaders to discuss the findings in that meeting. No pressure.

It’s a good thing you had time for that online corporate training module over the weekend to help you get up to speed, right? Thanks to those processes your company has developed to help support your career, you’ve totally got this.

What a Strategic Model for Training & Development Looks Like

A strategic corporate training model typically has four phases. As you move through the ranks of your company, you’ll encounter them. They are:

  1. Onboarding. Onboarding gets employees up to speed on processes, procedures, and policies. In a good program, you’ll find yourself onboarded when you’re first hired, when you’re promoted, and when you’re brought onto a new team.
  2. Training. The company may have unique processes or procedures. You’ll need to develop the skills to perform them. This may also include mandatory training such as those established in compliance regulations for your industry.
  3. Development. Once you’ve gained competency in your position, you can begin with career or personal development training. Developmental training often focuses on soft skills like communication, problem-solving, or negotiation. Attaining these skills help you function much more effectively.
  4. Education. A good corporate training program also includes opportunities to attain an education that’s not related to your current job or role, but which help you attain career objectives down the line. You may pursue these opportunities to help tip you toward that promotion.

Although these are arranged linearly, you might find yourself moving through all four stages multiple times. They’re designed to complement one another and holistically improve your career. 

For example, in the story above, you may have gone through these steps when you were first hired. However, you went through at least the first two steps again when you were promoted. As you settle into your new role, you may also consider additional courses that help you develop professionally, or which provide you with the education you need to move forward again.

Tips to Maximize the Benefits of Corporate Training

Corporate training accelerates your career growth by giving you the skills and knowledge you need to achieve your goals. However, like with any continuing education, you’re going to get out of it what you put into it. We recommend that you:

  • Make corporate training programs a priority when you job search. Research whether the company you’re interested in working for has a corporate training program. If the job listing doesn’t mention it then someone on Glassdoor, Reddit, or Quora might have the scoop.
  • Identify your time and learning needs. Determine whether you need flexibility, certain time allowances, or for the material to be presented in a certain way. That will help you identify a program that works for you.  
  • Create a plan and a schedule. Make training and development a priority by putting it into your schedule. That will help you commit.
  • Don’t be afraid to seek out third-party corporate training on your own. If your company doesn’t offer corporate training, look into organizations or institutions that provide it. Likewise, check with your company to see if they’ll offer tuition reimbursement.

4 Types of Corporate Training Programs

Many types of corporate training programs exist, and the company you work for might have many. They generally fall into four distinct categories:

1. Mandatory Learning

Mandatory learning involves legally required training that employees must receive. Sometimes, this happens regularly. Other times, it only has to happen once. Some examples of required training include:

  • Safety-related training, such as under OSHA or the FAA
  • Affirmative defense training
  • Ethics training, such as under the Federal Acquisitions Regulations
  • Privacy and security training under HIPAA

2. Leadership and Management

If you’re advancing to a management role, prepare to hit the books! According to LinkedIn, managers spend 30 percent more time learning new soft skills than the average person. Corporate training for leadership and management is often offered to individuals preparing to move into management positions for the first time, or into higher-level leadership positions. You’ll gain expertise in things like:

3. Department or Role-Specific Training

A company that’s committed to helping you develop professionally will offer corporate training directly related to your department or specific. That’s crucial when you transition to a new role or team, as it will help you get off on the right foot immediately. Department or role-specific training will include:

  • An overview of necessary processes, policies, and procedures
  • Resources for developing a deeper understanding of your role

4. Executive Readiness

Companies seeking to build, train, and grow their executive team often invest in executive readiness training programs. If attaining an executive position is among your career objectives, it’s well worth your time to consider these. Executive readiness training often takes the form of an EMBA program. These programs are like an MBA but focus more on the exact skills you’ll need as an executive in a corporation. A good EMBA:

  • Is accredited
  • Offers focuses and specialties
  • Has enough electives that you can broaden your skillset
  • Still teaches you the core business skills you need

What Is Corporate eLearning?

Corporate eLearning is the use of eLearning tools and solutions for corporate training. In other words, it’s digital and online learning for your professional development … much like online classes in college.

It’s also what you’re most likely to encounter when you sign up for your company’s corporate training program. Over the past 16 years, corporate eLearning has grown by an astounding 900 percent. From 2017 alone, the number of companies using eLearning jumped from 77 to 98 percent.

This tremendous growth is largely because there are many benefits of eLearning for corporate training for both companies and employees. With corporate eLearning, you’ll enjoy:

  • Greater schedule flexibility. You’ll access training and materials on your own time, in the comfort of your own home.
  • A differentiated learning experience. It’s easier to receive a customized learning experience that helps you close the specific skills gaps you have.
  • Self-paced learning. You’ll maximize knowledge retention by studying at your own pace.
  • The ability to learn on your own device. Rather than learning a new system or device, you’ll stay focused on learning the material you need to advance on familiar grounds.

These benefits can make or break your success, especially if you undertake a challenging endeavor like executive readiness training. (Checking out an EMBA program? Consider the full advantages of an online course over a traditional course.)

How to Get the Most Out of Corporate eLearning Solutions

Whether you’re enrolled in a company-provided program or pursuing corporate training independently, there are a few things that you can do to help you get the most out of your program. DO:

  • Look into customization options. Whether that includes signing up for electives or configuring a course interface to facilitate your learning style, make the eLearning experience one that works for you.
  • Set yourself up for success with the right hardware. Make sure your experience is a profitable one by having the right technology to support your learning.
  • Treat your eLearning and training as part of your job. Online learning can sometimes fall “out of sight and out of mind.” Keep it visible by putting it on your calendar and carving out a specified time for it.

Companies With Excellent Training & Development Programs

According to the American Society for Training and Development, companies with comprehensive corporate training and development programs generate 218 percent higher revenue and 24 percent higher profit margins.

And companies have taken notice. Here are three excellent examples of corporate training and development programs (plus what’s unique about them) to help you get a sense of what these programs include.

  • Etsy School. Etsy’s Learning and Development team helps employees develop professionally using evidence-based approaches and innovative formats. It’s unique in that development pathways for each employee stem directly from performance reviews.
  • Data University. Created by AirBnB, Data University strives to make the workforce more data literate. This unique approach allows employees to take courses, gain the “credentials” they need to move forward, and even includes Intensive units on specific skills.
  • Yelp’s Learning Culture. Rather than creating a separate university or training hub, Yelp adopts the attitude that “every day can be a school day” and has many initiatives for integrated learning. Both hard skills and soft skills are emphasized, as well as overall employee satisfaction to keep everyone engaged.

Key Takeaways to Build the Best Corporate Training for Your Executive Team

With the majority of companies offering some sort of corporate training, you’ve got plenty of opportunities to grow the hard and soft skills that can accelerate your career. We’ve covered how corporate training can help you develop professionally, as well as provided plenty of tips to help you make the most of whatever corporate training program you choose. You’re now ready to go forth, expand your skills, and seize the new opportunities corporate training creates. 

Happy advancing!

Student Spotlight: Innovation to Bridge the Gap for Deaf and Hard-of-Hearing

MBA Student, Eva Michalkova, has obtained an Ivy League diploma, worked for a former US President, has been a contestant in multiple beauty pageants, and has been a world traveler since the age of six. But what is her life’s mission? Eva’s goal is to empower, lead and support the independence and integration of deaf and hard-of-hearing individuals into the hearing-dominant world. 

When Eva was two years old, she was taken to an audiologist for examination because she did not respond to sounds. The results confirmed her hearing impairment – 99% hearing loss in both ears. Her mom became her rock and inspiration for Eva’s innovative career path. “My mom has been a huge inspiration of mine since I was a small kid,” says Eva. “When my hearing impairment was discovered, she did not give in, and she devoted all her time and effort to my personal development and spoken language acquisition. My mom is a truly capable woman who worked hard in silence to bring out the best in me. She was a leader who has shown incredible resilience during the most challenging times, and her determination over so many years has inspired me to be a resilient, responsible, reliable, and hard-working person.”

A few years ago, a visit to her audiologist led her on a path that would inspire her next career move: “I was handed a pair of the most advanced hearing aids, wired to a computer. They were so small — if they fell out you could accidentally swallow them  and not even notice. Increasing music volume, turning on ‘zen mode,’ setting up a restaurant mode, or pairing them with my iPhone —  I became a superwoman. I left the office so excited; I was blessed to have had my ears upgraded. But I also realized that not all people with hearing impairment are fortunate to communicate with their physicians so seamlessly and have the same advantages as I did. Therefore, my fiance and I signed up for two hackathons to address this obstacle and create a solution. That’s when the No F-ears mobile app prototype was founded.” 

The app was instantly popular and cleverly named to convey the idea, “No ears, no fears.” Its main goal was to dramatically improve the most important aspects of the deaf-hearing community experience, including booking appointments and doctor visits. A live chat tool facilitates a real-time conversation between a hearing doctor and deaf patient, simultaneously translating text into spoken words and vice versa. Since its launch, it has won multiple awards, including two international startup prizes: the 2018 Social Innovation Weekend Hackathon Award and the 2019 Social Impact Award in the Czech Republic.

The hackathon weekends proved to be a pivotal time in Eva’s career. “Both events provided us with a unique opportunity to meet new people and broaden our horizons. Executing an idea requires dedication, persistence, money, and time — not just a marketing budget. To solve the problem you have to know it from top to bottom. Innovators usually rise to the top as a result of substantial life-long expertise in their field, not from problem-solving in a vacuum.” Eva realized the problem was much more significant than just the communication barrier. Her vision could go far beyond a single app, so she created MIRAIO

MIRAIO is the world’s first go-to platform for all people with any hearing loss, at any stage of their lives. Unlike traditional organizations in this industry that communicate with their customers mainly through newsletters and blogs, MIRAIO connects with its audience through social media support with closed captions. The platform guides the viewer through real-life scenarios to ensure a successful integration into a hearing world. 

The global company has become even more popular during the recent pandemic. “COVID-19 and its stay-at-home measures have sparked a massive change in how deaf and hard-of-hearing people access information and healthcare,” says Eva. “The existing institutions’ traditional processes don’t focus on younger customers’ needs, use twenty-first technology, social media, or other modern tools and technology. We are the leaders, the advocates who speak up, and help both the hearing and deaf world move forward. We challenge the deeply-rooted status quo of the deaf society and its identity, and change the narrative of how people with hearing impairment are perceived in the hearing world” 

With the creation of MIRAIO, Eva was inspired to pursue her MBA with Quantic to continue to expand her platform and inspire others to become advocates for her cause. She knew she would need a flexible program to optimally fit into her busy schedule. “To succeed in the fast-paced business world, I aspired to obtain the business skills I needed to accelerate my career. I was looking for a solution that would be flexible with my schedule so I didn’t have to choose between my job and education — with Quantic, I could do both!” 

Eva’s goal is to have the global community eventually reach a point where deaf individuals can seamlessly interact with the hearing world and be independent, with no need for sign-interpreters. “The first and most essential step is to acknowledge the importance of inclusion and awareness of the deaf and hard-of-hearing community. Equity, inclusion, diversity —  when “hearing peers” use these terms, there is often a lack of understanding in regards to what it means to be truly inclusive of the deaf community. There needs to be profound and consistent efforts to make our voices heard, so that we can enact real change in this world.”

Build the Perfect Data Analyst Resume (5 Example Templates Included)

You have done a lot to position yourself for a career in data analysis. But coursework, projects, and prior jobs will only secure a data analyst job if these experiences can be effectively communicated to recruiters.

You might feel lost as you prepare your resume. Do you know what firms look for in a data analyst? Do you know how to describe your education and job history in a way that makes recruiters excited to interview you? How can you tailor your resume for specific data analyst specializations? 

To help you prepare a resume that will catch a human resources (HR) recruiter’s eye, we have compiled this guide to build the perfect data analyst resume. We will not address general resume tips. You can always find these online. Instead, we have included ideas for using detailed work experiences to give your resume an edge over generic resumes. We have also listed some keywords that will help you stand out and earn an interview.

By following this guide, you can improve your resume by quickly and clearly communicating your experiences and coursework that qualify you for a data analyst position. We have even included five resume templates to get you started in your search for employment in:

  • SQL data analysis
  • Python data analysis
  • Data mining
  • Predictive analytics
  • Digital marketing analysis

What Should a Data Analyst Put on Their Resume?

HR recruiters are not necessarily experts in data analysis. To get past the general HR screening, your resume will need to hit on both your general skills and coursework as well as the specific relevant skills for a data analyst resume.

Universal Skills

Some of the information HR recruiters look for will be the same regardless of the position. These universal skills, educational experiences, academic achievements, and industry certifications will always be included when you apply for a data analysis position.

However, you should not spend too much time emphasizing the same qualifications that every applicant will have. Rather, think of this section as helping the HR recruiter check off certain boxes so you can pass to the next level of review. Keep in mind that when the candidate pool is crowded, recruiters can only spare a few seconds skimming a resume. Spending too much time on your universal skills will not help you stand out and may make it appear as if you have no specialized skills to offer.

If your resume does not stand out after a six-second scan, you may need to rework it.

One approach is to provide a specific case explaining how your universal skills were used. For example, every data analyst has studied statistics. But very few data analyst candidates could say that they “collected and analyzed 200,000 data points from a local delivery business to identify missed efficiencies.” Although data collection and analysis are universal skills that every data analyst puts on their resume, this example contains detail that is more likely to catch a recruiter’s eye. It highlights your ability to collect and filter real-world data, provide an analysis of what the data shows, and create concrete business recommendations based on that analysis. This description provides an HR recruiter with context rather than simply stating your ability to “analyze data.”

Remember that you will probably not receive a job offer based solely on your resume. The goal is to pique a recruiter’s interest so you receive a job interview. Providing a detailed application of your skills can provide a talking point for the interview.

You may be competing against hundreds of other applicants to earn an offer, so make sure your resume makes an impression, and you have talking points for the interview.

Examples of these universal resume builders that everyone should have on a resume, but tailored to a specific application, if possible, include:

  • Advanced mathematics
  • Study design
  • Calculating a sample size
  • Collecting data
  • Data cleaning
  • Modeling data
  • Analyzing data
  • Producing data visualizations
  • Reporting conclusions from the data

Job-Specific Skills

In addition to the universal skills that every data analyst will have, you will also want to tailor your resume to the type of analyst position and the level of seniority. These job-specific skills can help you land a job interview in a few ways:

  • Exhibit knowledge of the company and position: By researching the employer then tailoring your resume to the employer’s business, you will impress the recruiter and potentially move ahead of other job candidates with more generic resumes.
  • Highlight relevant experience: A deep understanding of the position will help you tailor your resume to highlight experience relevant to the job’s requirements.
  • Provide discussion points: A resume should not just point out that you are the type of person who would make a good employee, it should also give you material to discuss during an interview that you would fit in as a member of the team.

Data Analyst Resume Templates:

The best way to explain what you should include in a data analyst resume is with examples. Here we provide curated templates that provide the perfect base for a: 

As you gain seniority along your career path, recruiters’ expectations about the skills and relevant experience will change. For internships and entry-level positions, recruiters may look for technical mastery through grades and coursework. 

However, recruiters looking to fill more senior positions will look for experience managing people and resources. As you use these templates, be sure to include management experience if you are applying for a senior position.

Here are some examples of how to position your experience in your resume to improve your chances of earning an interview.

Senior Data Analyst Resume

A resume for a senior data analyst position will be more likely to earn an interview if it highlights the mastery of technical concepts and relevant management experience. Unless the employer is looking for a lateral hire, the recruiter will probably not expect you to list senior-level management experience. However, the employer will likely expect you to include some prior experience leading a team or managing a project when applying for a senior position.

Entry-Level Data Analyst Resume

At this level, it will be more important to highlight knowledge of technical concepts and skills that make you a good data analyst. Remember to frame your skills in a real-world context and express your passion for problem-solving with data. For example, stating that you did an “undergraduate traffic study” does not provide the eye-catching depth of “studied traffic patterns and police reports to propose changes to traffic light timing to reduce accidents.”

Data Analyst Internship Resume

Applicants for internships are not necessarily expected to have real-world experience. However, you should list coursework and projects relevant to the employer’s business.

Studies show that as many as 80% of positions are filled through networking, regardless of level. Our Quantic Career Network provides students and alumni with the benefits of networking during a job search.

Relevant Skills for a Data Analyst Resume

To be a strong candidate for a data analytics position, your resume will need to highlight certain skills that all data analysts should possess. Also, think through how you would discuss the application of these skills during an interview.

Some of these skills include:

  • Basic analytical skills: Basic analytical skills, like distilling large amounts of data, facts, and figures into pivot tables, are needed to produce something useful.
  • Statistics skills: Statistics skills are needed to make estimates based on data. Recruiters will expect you to know how to use basic tools like Excel to handle one-variable statistics. Moreover, including experience in making data-driven decisions using inferential statistics will show your ability to turn raw data into predictions about the future.
  • Strategic thinking: Strategic thinking uses data analysis to look at the big picture and develop a business strategy informed by the data.
  • Data collection skills: Data analysts need to be able to collect and cleanse data. Planning a cohort of an appropriate sample size that avoids bias can provide a data analysis that is robust and useful.
  • Team management skills: As a candidate for a senior role, you will need to highlight your ability to manage other data analysts and supporting team members. 

Building a Resume with Education Beyond Undergraduate School

To compete with other job candidates, a data analyst needs well-rounded coursework in handling, cleaning, analyzing, and reporting data. However, going further by earning technical certifications can boost a resume and should be highlighted.

For leadership positions in operations and management, such as a vice president or executive director, recruiters are increasingly including candidates who have both technical knowledge and business acumen. Candidates with an MBA will often have a competitive edge when applying for these positions.

Choosing an MBA or EMBA program will be based on many factors, including:

  • Career goals: Your program should teach you the skills and connect you with a network that can advance your career. 
  • Time: If you plan to work while enrolled, you might need to find a program that offers flexibility while still providing well-rounded coursework. 
  • Cost: The salary growth of MBA graduates is roughly 22-23%. Choosing a lower-cost program produces a greater ROI. 

Keywords that can Make a Data Analyst Resume Stand Out

Unfortunately, HR recruiters can only budget a minute or two (or less) to each candidate’s resume. Consequently, you must use keywords in your resume, so it makes it into the “interview” pile rather than the “file” pile.

Some of the keywords that a recruiter might scan for include:

KeywordsPurposeExamples
Technical termsShow you understand concepts that underlie data analysis.Warehouse
Analytics
Model
Mine
Visualization
Forecast
Business termsIllustrate your approach to using analytics to advise business units in making real-world decisions.Report
Operations
Strategy
Action
Plan
Present
Propose
Recommend
Management termsHighlight your experience and skills in managing resources and people.Direct
Head
Lead
Investigate
Team
Members
Budget
Delegate

Using Online Resources to Boost Your Data Analyst Resume

As with everything today, the Internet can be a valuable resource in building your resume and applying for jobs.

Creating a Resume

Reddit can provide a forum for discussing an issue with a specific group. Users can give you job-seeking advice and feedback on your resume. Just remember to observe cross-posting rules and remove any identifying information from your resume before you post it.

Another resource for creating a resume is LinkedIn. LinkedIn provides resume creation tools and templates to create a professional-looking resume when seeking data analyst jobs.

Distributing Your Resume

You can upload your resume in LinkedIn in four ways:

  • Resume storage: You can upload and store a resume in your LinkedIn profile for future job applications.
  • Job applications: You apply for the posted jobs on LinkedIn’s Jobs page and upload your resume after clicking on the “Easy Apply” button.
  • Networking: LinkedIn can store your resume for sharing across your LinkedIn network.

You can also use your resume to build your LinkedIn profile. Simply use your resume to fill in the profile fields so that your work history, education, and experience in your LinkedIn profile match your resume.

Building the Perfect Data Analyst Resume

Building a data analyst resume can be intimidating for both new and experienced analysts. You might have had a resume for past jobs but did not know how to tailor your resume for a data analysis position. Alternatively, you might have worked in data analysis but were at a loss at updating your resume to apply for senior-level positions.

By using the tips in this guide, you can create a data analyst resume that will dwarf those of your competition. Your resume will catch a recruiter’s attention and earn you an interview if you take the time to:

  • Tailor your resume for the position.
  • List, but not overemphasize, your universal skills.
  • Write interesting descriptions of relevant experiences that stress practical, real-world applications.
  • Highlight management experience.

Putting Together Your Resume for Management Opportunities

If you are an experienced senior data analyst, you might feel that it is time to set yourself onto the path of becoming a COO or chief executive officer. Seeking an MBA can help you reach that career goal.

Alternatively, you might be fresh out of undergraduate school and have just as much interest in operations and management as you have in data analysis. For younger data analysts, an MBA can open doors that are not always open to entry-level data analysts.

You can learn more about the benefits of an MBA to your career as a data analyst on our site.

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Student Review: Top 5 Reasons to Love Quantic

A guest post written by MBA Student, Ong Shen Kwang:

On November 20 2019, I woke up to an email from Quantic School of Business and Technology: “Congratulations! I’m so pleased to notify you of your acceptance into the Quantic MBA – January 2020 class!”

I was overwhelmed with joy. Prior to the application outcome, I had heard about the school’s highly selective acceptance criteria and its average acceptance rate of only 7% per batch. Hence, I had never imagined myself embarking on this MBA journey. It came as a huge pleasant surprise.

My wonderful experience has passed by quickly. Since enrollment, I have now been on this MBA journey for close to half a year. I am so thankful to have been given this opportunity to be part of the Quantic community that I wanted to share my top five reasons for why I love this modern MBA so much. 

Reason #1: Learn From Anywhere

First, it provides a state-of-the-art digital platform for students to learn on the go. With a fully online platform, learners like myself are digitally enabled to access the portal anywhere, through our mobile devices. This is particularly advantageous for me as I spend about two hours commuting to and from work. Being able to learn on the move allows me to put my idle time into meaningful use. Also, with all learning materials being digital, I do not have to fret over carrying heavy books or having stacks of lecture notes with me. More importantly, this is a great commitment towards environmental sustainability.

Reason #2: Flexible Schedule

Second, I am able to learn at my own comfortable pace. As working professionals, managing our work and life commitment can prove to be challenging. Hence, having the autonomy to manage our own schedules is pivotal. Sometimes, if I knew that I would get busier over the following weeks, I would attempt to complete a few more lessons ahead of the recommended schedule. This allows me to keep up with the curriculum and stay on track. During the course of learning, we are also required to undertake several assignments and major examinations. The good thing is: these assessments are appropriately paced, and we are given a generous time frame to complete each of them. This is a huge relief for most of us, because then we need not fluster over meeting tight deadlines that could potentially compromise our quality of deliverables.

Reason #3: Interactive Learning

Third, the interactive learning and quality content help to reinforce our knowledge. In every lesson, we learn and apply new concepts through a case study that is built on an interesting and creative storyline. There will never be a time that you will feel disengaged in the learning – in fact, you will realise that you will keep wanting more!

After every major topic learned, there will be “Smart Cases” – a graded component of the MBA course – to test our knowledge. I particularly like this segment because it allows us to reinforce our learning by putting our fresh knowledge to test. There is also no limit on the number of attempts; so, we could keep challenging ourselves until we fully internalise what we have learned. In addition, summary notes, supplementary resources and exercises are readily available for us to download for reference. Essentially, it is a wealth of knowledge!

Reason # 4: Passionate Team 

Fourth, I love how the Quantic team is so passionate. Even though I live in Singapore, there was never a day I felt like a stranger to the Quantic team in the United States. Whenever I needed clarification – even before I got accepted in the MBA programme – the team was always there to promptly assist, guide, and patiently lead the way. As a Quantic MBA student, I am overwhelmingly grateful for the team. Their genuineness and passion to help the student community is the reason why I am so motivated to put in my best in this MBA journey – they are just like my family, and I feel like I could always have their back.

Reason #5: Dynamic and Engaged Community

Fifth, being part of the Quantic community is like living in a world without strangers.

On the first day of orientation on Slack, I got to know many of my cohort classmates that live across the globe. That gave me the networking opportunity to know them better at both the professional and personal level. We also frequently engage with each other on this platform, where we contribute new ideas, exchange our thoughts and share newsworthy articles to help one another to grow. It feels like there is an invisible psychological safety net for everyone to feel comfortable speaking up.

At this point of writing, it dawned on me that half a year from now, I will be graduating with a Quantic MBA and I look forward to that day. But I know that the completion of my MBA is not the end of my journey with the school. In fact, it will mark the beginning of a new exciting phase with the Quantic community, where I will continue to render support and contribute as an alum.

The Quantic Student Experience

Wondering what it’s like to be a Quantic student? To start, Quantic’s award-winning active-learning platform is much more than an app. As a student, you’ll engage with a global network of highly driven professionals who are leaders in their respective fields. You’ll have opportunities to discuss coursework and case studies and share perspectives with classmates virtually and in person at meetups and Executive MBA conferences held around the world. 

In addition to collaborating with classmates, Quantic students can take advantage of a variety of resources to help further their learning and prepare them with the skills needed to excel in today’s business world. The library includes membership to paid databases and you’ll have lifelong access to all courses — including those that have yet to be added to the curriculum so you’ll always be equipped with the latest in-demand skill sets. 

Quantic is committed to helping students reach their goals post graduation, too. To support you, Quantic has an in-house research advisor who can help guide your studies and make sure you’re getting the most out of your experience. And our resume and cover letter consultations ensure you’re putting your best foot forward with future career moves. Also, you’ll have access to exciting job opportunities through our built-in career network, Smartly Talent

Interested in the #ModernMBA? See what the Quantic experience is all about.

Online MBA vs Traditional; Pros, Cons, Employer Outlook

An MBA will change your career—and your life—for the better. 

You can leverage it to achieve promotions, a wealth of new job opportunities, a paradigm-shifting career change, or an increase in salary. For others, an MBA is a springboard for their entrepreneurial efforts.

But choosing the right one is key.

There are a lot of options. Sifting through them is overwhelming. Especially as exciting new options emerge.

The most exciting new option is a fully Online MBA. 

While an online MBA often sounds attractive to students in our increasingly flexible, digital-first, and remote-friendly workplace, many business professionals wonder if it’s a smart choice. 

Will potential employers take my online degree seriously?

Do traditional MBA’s actually offer more networking opportunities?

We’ll clear up some common myths and misconceptions in this article. 

To help you decide between a brick-and-mortar business school and an online MBA, we’ll go through some of the main differences between the two. From cost comparisons and admissions requirements to employers’ opinions of each one. 

We will also introduce you to Quantic’s innovative free online MBA program and online Executive MBA program. More specifically, how they overcome any concerns you may currently have.

Online MBA vs Traditional (On Campus) MBA – What’s the difference?

When it comes to an MBA program, many potential graduate business students think of a traditional, on-campus MBA at a brick-and-mortar school. There are over 1,000 MBA programs in the United States. Some are full-time, while others are part-time, often offering classes on nights and weekends.

But, just like the world of business itself, MBA programs are changing rapidly. There are now over 330 online MBAs offered in the U.S. Many of these programs are affiliated with long-standing, top-tier business schools, while others are completely digital degrees that approach online learning in a variety of ways — some more effective than others. 

There is a clear trend towards online learning. Applications for campus based MBA’s over the last two years fell. While demand is growing for online programs. 

No one knows if this trend will continue. But we do know that we live in an unstable world. One that has already become more digitized after CoVid-19. There are now more remote workers than ever before. MBA’s may continue to follow suit.

Despite their differences there is one big similarity.

All accredited programs are rigorous and intellectually demanding. Period.

Both tend to have similar educational requirements and similar coursework. 

Quantic’s free online MBA program, for example, includes courses in accounting, finance, leadership, marketing, supply chain and operations, data analysis and decision-making, strategy and innovation, economics, and entrepreneurship. 

Meanwhile, Quantic’s online executive MBA (EMBA) program adds additional coursework in operations management, corporate strategy and other areas of study that help working, mid-career professionals level up their leadership skills. These curriculum paths are comparable to those you’ll see at any top-tier business program, whether online or on-campus. 

Ok – now that’s out of the way, let’s dive into some pros and cons…

Online MBA Pros and Cons

As a business professional, you already know the best way to make a tough decision is through a cost-benefit analysis. So let’s examine the pros and cons of getting an online MBA vs. those of an on-campus master’s in business administration degree. 

Online MBA Pros

The biggest reason that many students choose an online MBA is flexibility. Unlike traditional MBA programs, whether full- or part-time, most online graduate business degrees allow you to work on your own time, from anywhere. While some classes may be synchronous, most online MBAs are incredibly flexible. 

This learning environment is ideal for working professionals who don’t want to quit their already lucrative jobs or satisfying careers to bolster their education. It’s also perfect for students with other family responsibilities and obligations, such as spouses and kids.

If you’re an especially ambitious, self-motivated person, you’ll also appreciate the efficiency of an online MBA program. 

Most traditional full-time MBA programs take around two years to complete, while part-time MBA programs take around four years. By contrast, online MBA programs tend to be shorter, ranging from a year to 18 months in many cases. Quantic’s MBA is just 10 months and the EMBA takes 12 months to complete. 

Online MBA programs also tend to be more technology-driven, which in turn can help you develop your own technical acumen and understanding of the digital marketplace. 

For example, Quantic’s interactive software offers interactive feedback every eight seconds and allows you to work at your own pace in a mobile-first online environment. This fluid-yet-structured approach to learning customizes your educational experience as you go along. 

Online MBA Disadvantages

One disadvantage of an online MBA program is a lack of in-person community and connection. Students often benefit from in-person conversations with peers and instructors, whether in terms of academic collaboration or socializing. 

Another common objection to an online MBA is a smaller pool of networking contacts. Most brick-and-mortar graduate business programs offer happy hour networking events, Q&As, and career fairs throughout the year. Many potential online business students worry they might miss out on these crucial opportunities to launch their careers and expand their professional circles.

Quantic’s online MBA addresses this common problem proactively in three ways.

  1. Online network and collaboration 

Students connect with peers around the world via our interactive network. Ambitious, driven people from 80 countries and counting…

You and your cohorts will move along your curriculum sequence together, actively collaborating on group projects, case studies, and assignments as you go.

  1. Offline Events

“Extracurriculars” and social events are also available in Quantic’s MBA. Virtual and in-person meetups, both online and around the world, will allow you to rub shoulders with your classmates, instructors, and established alumni students. 

The Executive MBA also offers multiple weekend-long conferences held in cities around the world. These conferences provide opportunities for students to meet face-to-face with peers during workshops, case studies, and meetings with local business leaders. Recent conferences were held in Washington, DC, Dublin, and Singapore. 

Here’s what one looks like…

  1. Career Network

You get access to a built-in Career Network. Top-tier employers use it to recruit our students and alumni. It serves as a career hub for graduates. MBA grads’ profiles stay active, so employers can browse alumni profiles whether they’re already employed or not. 

Here are a few of the companies our grads work at…

Traditional On-Campus MBA Pros

Traditional on-campus MBA programs often appeal to students who need or want a little more structure and hands-on guidance. Students just out of an undergraduate business program, for example, might prefer the additional in-person attention offered by a brick-and-mortar school, as well as the familiar daily routine of face-to-face classes. 

Brick-and-mortar business schools also have the opportunity to offer more bells and whistles when it comes to activities, facilities, and clubs. If you love the idea of getting together with your cohorts every week for dinner, for example, or catching up with your colleagues at the on-campus gym, the community of an on-campus environment might be more your style when selecting an MBA program. 

Traditional On-Campus MBA Disadvantages

Of course, the most significant disadvantage of on-campus MBA programs is the lack of flexibility. 

If you have a family at home, existing business obligations, or a burgeoning career, it can be difficult to justify starting a full-time MBA program. Even part-time MBA programs can be draining, as you’ll have to work your schedule around theirs (not the other way around) and possibly take on a frustrating commute.

On-campus MBA programs often also lack the cultural and demographic diversity of online programs. On-campus MBA students tend to be younger on average, for example, and there aren’t as many international students at any given on-campus program. 

Working alongside and learning from diverse colleagues can help you build your cultural competency, leadership, and collaboration skills. It can also position you to take on an increasingly global marketplace with more confidence and finesse.

Online MBA vs Traditional MBA Comparison (table)

Now, let’s get down to the nitty-gritty details of how an on-campus MBA program differs from an online MBA with a point-by-point comparison of typical student demographics, average tuition cost, average salary growth after graduation, and more. 

Online
MBA
Other Top Programs

Traditional
MBA
Other Top Programs
Quantic 
Programs
Sources
Avg Age on Entry332730 US NEWS
Avg Years Work Experience844 US NEWS
Avg Cost$23,918 average cost at a regionally accredited university
— $36,166 average cost at AACSB online business schools
— $11,972 average cost at nationally accredited online business schools
vary between programs, but roughly the same as onlineMBA: Free
EMBA: $9,600
GETEDUCATED.COM
Princeton
Review
Avg Time to Complete1-2 years1-3 years1 yearPRINCETON REVIEW
Avg Salary Growth22%23%US NEWS
% Requiring GMAT/GRE Score54.6%94%US NEWS

Cost

Online and traditional MBA programs vary widely, but usually they are broadly comparable. A nationally accredited online business school usually costs around $11,972 per year, while AACSB online business schools cost around $36,166 in annual tuition. 

Due to Quantic’s “flipped” tuition model, free online MBA students don’t pay to be recruited by potential employers. Instead, employers pay to recruit them. Meanwhile, Quantic’s executive MBA cost comes in at just $9,600, with employee reimbursement and scholarship options available. 

Completion Time

Traditional MBA programs, as we described earlier, take around two years to complete. Accelerated programs may take 18 months or even a year, while some programs take up to three years. Part-time programs may take four or more years to complete.

Many online programs take slightly less time to complete than on-campus programs, making them a more efficient choice in many cases if you want to get the ball rolling on your business career faster. Quantic’s free online MBA and EMBA programs take 10 and 12 months to complete, respectively. 

Average Salary Growth 

Average salary growth for both traditional and online MBA students varies widely. Still, it’s clear that the available data suggests that online MBA students tend to see a substantial return on their investment. 

Online MBA students report an average of 22% salary increase after graduation (for Quantic it’s 23%).

These salary bumps usually come through a promotion or raise at an existing company, a lateral move to a higher-paying job at the same level, or by taking on a higher position in a new industry. 

Admissions Requirements

One of the main concerns some employers might have about students with an online MBA is that online MBA programs tend to be less selective than traditional ones. 

You might wonder, for example, “Do I need a GMAT for my MBA?” The answer varies by program. Only 54.6% of online graduate business programs require GMAT/GRE scores from applicants. Meanwhile, a whopping 94% of conventional MBA programs require GMAT/GRE scores from their prospective students. 

The requirements for test scores and undergraduate GPAs are also sometimes a little more lax when it comes to online business schools. This contrast can worry some employers, who might think that the lack of selectivity of a school suggests less dedication and rigor in an applicant. 

But Quantic’s free online MBA and its Executive MBA are highly selective, admitting only a small percentage of applicants each year. And around 80% of Quantic’s free online MBA students graduated from top-30 undergraduate institutions (including Harvard, Duke, Stanford, UPenn, to name a few ..).  

In turn, the program’s selectivity translates into higher completion rates, more engaged (and more impressive) colleagues and network contacts, and higher perceived value by employers. 

What do Employers Think of an Online MBA?

Many prospective MBA students think an online MBA sounds like the ideal fit for them in terms of their schedule and learning style. But some worry that employers won’t take an online MBA program seriously. 

Luckily, the available data doesn’t suggest that to be the case. In fact, some employers consider an online MBA to be an asset in that it showcases a student’s independent, autonomous approach to learning and their mastery of technology. 

Kathryn Lee, human resources director for North America at Fiat Chrysler, told Seb Murray at the Financial Times in 2018 that most employers now considered online MBA students to be just as competitive as traditional students. 

“Online MBA students are equally as competitive as those attending classes on campus” 

Lee added that online students’ drive to succeed and excellent time management skills illustrated their ambitious nature and commitment. “They display qualities that are important in people we hire — a strong work ethic, project management and critical thinking skills,” she said of online MBA grads in the same interview. 

According to Jordan Friedman at U.S. News and World Report, many employers think far more about an online business school’s coursework, reputation, and opportunities for student-faculty interaction than about the format in which classes are delivered. That’s why it’s so crucial to ensure the MBA program you choose has ample opportunities for networking, collaboration, and interactive learning.

Many employers who have recruited MBA grads through Quantic’s Career Network see an online MBA from a reputable school as proof an applicant is creative, adaptive, and flexible. 

Greg Buechler, a talent acquisition specialist, shared his thoughts about the value of Quantic’s MBA for employers.

“Quantic has allowed us to hire executive talent from around the world in the shortest time I have ever experienced in my 30 years of recruiting,” he said. “I am almost unwilling to share this gem of a tool!” 

Overall, the higher salaries enjoyed by online MBA grads and the growing demand for online business schools indicates that there’s no shortage of employers who view online business degrees favorably. According to Jonathan Moules at the Financial Times, online business school growth is far outpacing that of traditional MBA programs. As the workplace becomes increasingly digital, higher education in business administration is following suit. 

Summary – Which Degree for Your Career Growth?

Both traditional and online MBA programs can expand your career opportunities substantially. In addition to providing you with the critical thinking skills and key knowledge you’ll need to move up in your existing business career or launch a new one, an MBA program can bolster your confidence as a leader and widen your network of contacts. 

Traditional MBA programs are sometimes preferable for students who require more structure and guidance. Some traditional graduate business programs offer more on-campus facilities and activities. However, they are not as flexible as most online MBA programs, and they tend to attract younger students with less work experience on average.

Meanwhile, online MBA programs like the ones offered at Quantic are best for self-motivated, independent thinkers who work well at their own pace. They can also benefit students who want to complete a graduate business degree faster, who have family or work obligations they can’t interrupt, or who thrive in a flexible, technology-driven learning environment. 
Interested in learning more about how Quantic’s online MBA program can be a game-changer in your business career? Read on to learn how Quantic’s disruptive approach to learning and global scope helped one student become a Forbes 30 Under 30 recipient.

Build Your Network with Quantic

There are many reasons why students choose to earn their MBA from Quantic. Quantic offers innovative degree programs that are online and mobile, so students can learn wherever they want. And for many, the highly selective and global nature of Quantic’s admissions is a major draw—all in service of building an impressive and engaged network of students and alumni around the world.

Unlike many online education platforms, Quantic provides its learners with myriad opportunities to meet and connect. Quantic’s Network allows students and alumni from the MBA and EMBA programs to discover students located in their geographic area and who share similar interests. And with the recent addition of the Network Events tab, students can now do more than just communicate on the platform; they can also connect in person.

In the Events tab, students can peruse the many community events Quantic has to offer. These range from in-person conferences, meetups, and special events to online orientations and book clubs, where students discuss the monthly book pick over video chat. Some of the most significant networking opportunities in Quantic’s highly engaged network are the in-person meetups and conferences held in cities around the world.

Quantic meetups allow for students to make real-world connections with their classmates. Meetups range from sharing dinner with one another at local restaurants to a special event such as touring Facebook’s NYC Headquarters. Recent meetup cities include Toronto, Berlin, Taipei, and Sydney. Quantic has hosted meetups in over 40 cities in 2019 alone, including trips to tour the United States Capitol building and London’s Houses of Parliament.

While meetups primarily bring together students and alumni who live in the same city, the weekend-long Executive MBA conferences draw students from (nearly) every continent. Conference itineraries vary from city to city and provide unique opportunities for students to experience and learn about the city they’re in. In 2019, conferences were held in Washington D.C., Singapore, and Dublin, with the next scheduled for Spring of 2020 in Copenhagen.

Conferences provide an excellent opportunity for students to not only network with other students and alumni, but to learn about real world businesses. Students partake in workshops, collaborate on case studies, hear talks from prominent business leaders, and visit successful local businesses to gain new perspectives and insights on how businesses are run across industries and in different countries.

Why does Quantic put so much emphasis on students networking virtually and through conferences and meetups?

According to Alexie Harper, Quantic’s Co-Founder and Chief Academic Officer, “Networking provides students with new career opportunities and allows them to meet the right people who may later provide them with career resources and support when they need it.”

Networking can even be a source of inspiration—presenting different paths of success that others have taken and that you have perhaps overlooked. Particularly in mid-to-senior level management roles and for students embarking upon an entrepreneurial endeavor, networking is a vital component for advancing one’s career, avoiding stagnation, and making the most out of opportunities that arise.

There’s evidence that networking plays a major role in hiring. The chart below from SilkRoad’s 2018 research report on hiring sources shows that referrals were the largest source of job hires by a long shot.

This chart from Statista shows that friends and professional connections provided the most new opportunities for job seekers in 2018.

Through student projects that encourage students to work together to solve business issues, student meetups and events around the world, and the Network tab features, Quantic students are encouraged to build meaningful connections.

So go on. Meet new people, reconnect with old acquaintances, and grow your network. You never know where it could lead.

Quantic MBA Student James Lu Morrissey on Higher Education and Making Forbes 30 Under 30 List

We sat down with 2019 Forbes 30 Under 30 recipient–and Quantic School of Business and Technology MBA student–James Lu Morrissey to discuss co-founding Mentor Collective, learning with Quantic, and disrupting the world of higher education.

Quantic learners tend to reflect the platform itself: innovative, disruptive, and equipped with a global scope. Those are just a few of the qualities that have led to three Quantic learners being named to Forbes’ 30 Under 30 lists in the past two years.

James Lu Morrissey (MBA – August 2018) is a perfect example of this. Lu Morrissey’s personal experiences with international education inspired him to found his company Mentor Collective, an international online mentoring community. Lu Morrissey was born in the United States, but he attended elementary school for a couple years in Taiwan. Moving to a new school can be difficult for any child; moving to a new school in a new country is even more challenging.

Adjusting in school was made easier, however, by joining the school’s sports teams. There, he was mentored by his older teammates, who eased his transition and helped him find his place. At a young age, he began to understand that mentorship was critical to adjusting to and excelling in a new environment.

He also recognized the need for peer mentorship as an undergraduate student at Carleton College. He had several friends from international and diverse backgrounds, and he noticed that many of them had difficulty adjusting to college. There wasn’t always a clear structure like a track team with teammates that could mentor them.

“When adjusting to college, all students are a stranger in a strange land,” Lu Morrissey reflected. “You might be coming from Minnesota to go to NYU. That’s a very foreign experience.”

A lack of personalized support for college students is one of the factors contributing to a college completion crisis, particularly at public universities. According to Forbes, less than 60 percent of students graduate from public institutions in six years or less. Rising tuition and student loan debt coupled with the increasing necessity of a college degree for career advancement, often puts students who do not graduate at a serious disadvantage.

To solve this problem, Lu Morrissey and colleague Jackson Boyer co-founded Mentor Collective. Mentor Collective uses scaleable and transformative mentoring, through a format supported by technology and designed for large-scale application. Mentor Collective achieves this by matching students to mentors who have a similar background.

To that end, Mentor Collective has developed partnerships with more than 50 universities, including Penn State, Johns Hopkins, and Washington University in St. Louis. Through these partnerships, they’ve mentored over 35,000 students, resulting in an up to 9% increase in retention rates and 5x decreased likelihood of academic probation.

Working towards these results has certainly kept Lu Morrissey busy, but he has still found time to pursue a Quantic MBA. While residential MBA programs have a high opportunity cost, Quantic made it possible for Lu Morrissey to “continue running my company day-to-day, while having a flexible option to learn at my own pace.”

Furthermore, Lu Morrissey has found Quantic’s courses are directly applicable to running Mentor Collective. “I can complete a lesson, take what I’ve learned, and use it the very next day at Mentor Collective.”

Lu Morrissey also appreciates the flexibility and global perspective that Quantic offers. He tries to work overseas for two to three weeks every winter, and, with Quantic’s online platform, he doesn’t have to disrupt his learning schedule to travel. “I can do Quantic while traveling in Shanghai and not have any problems with time differences.”

Lu Morrissey also sees both Quantic and Mentor Collective as helping students receive the full value of higher education. Universities, with “massive endowments and very strong brands,” may not feel the urgency or need to innovate “in the same way as many other industries,” Lu Morrissey noted. “And that can come at a big cost to students. If a school is not making an impact on students’ lives, then it’s not fulfilling its promise.”

Like Quantic, Mentor Collective’s team is passionate about the students they reach. Lu Morrissey attributes Mentor Collective’s success rates in large part to his 24 Boston-based employees. Noting that his team is interested in social impact, he emphasized that “something unique happens when you collect a lot of very mission-driven, hungry learners and put them all in the same room.”

Quantic Alumni Network is Live!

Today, we’re proud to introduce Network, a new feature of the Quantic platform built to connect students and alumni around the world.

Today, we’re proud to introduce Network, a new feature of the Quantic platform built to connect Quantic students and alumni around the world. Network is exclusively available to current students and alumni of the Quantic MBA and Executive MBA programs, and we’ve made a special preview available to prospective students.

With Network, students can explore a global map of students and alumni, search by industry and interests, and contact peers safely and easily.

We created Network to enable students to forge real-world connections and discover inspiring peers in the Quantic community. Quantic students work in today’s most exciting industries and at top companies, giving them access to an impressive ecosystem of experienced professionals.

If you’re an aspiring Quantic student, you can sign up for a Quantic account at https://quantic.mba and access a preview. We’re excited to hear your reactions to Network!