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.
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.
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.
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.
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.
“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…
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.
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.
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.
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.
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.
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.
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.
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.”
Today, we’re proud to introduce Network, a new feature of the Smartly 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!