How to choose between MBA vs. graduate certificate programs 

What does the process of actually earning that graduate degree entail? It depends.

Online MBA programs give students the flexibility to study anytime, anywhere. You can plan your school schedule around daily responsibilities, submit assignments during your lunch break or post discussion questions after the kids go to bed.

We spoke with Natalie Pratt, MEd, MC, MBA, associate dean of the College of Business and Information Technology at University of Phoenix, about the differences between online and in-person MBA programs.

“While online MBA programs may offer more flexibility and convenience, they may not have as many networking or face-to-face opportunities for interaction,” Pratt says. “Conversely, in-person MBA programs provide more direct access to faculty and networking events while requiring a greater time commitment and relocation or a commute.”

Another benefit of studying for an online MBA? The comprehensive business education you get with an MBA can help prepare you with skills for new career prospects. Some of the career opportunities an MBA  can prepare you for are:

• General manager
• Business manager
• Operations director
• Administrative director

Research from the U.S. Bureau of Labor Statistics (BLS) reveals that nearly 13 million Americans work in the business industry , but only 26% have advanced degrees.

Of course, an online MBA is only valuable if it’s properly vetted. Accreditation signals to future employers that your school or program meets or exceeds a specific quality threshold. Institutions can be accredited, as can certain programs. As you seek out your online MBA program, consider its accrediting body.

For example, University of Phoenix is accredited by the Higher Learning Commission (hlcommission.org), an institutional accreditation agency recognized by the U.S. Department of Education. University of Phoenix has been continuously accredited by the Higher Learning Commission since 1978.

Programmatic accreditation  represents a separate, external peer evaluation and quality assurance that applies to specific programs within an institution. Our MBA has been reaffirmed for accreditation until 2027 by the Accreditation Council for Business Schools and Programs (ACBSP), ensuring the quality of your education.

Finally, don’t discount the importance of making connections through your MBA program.

Almost half of surveyed businesses stated that their best hires came from employee referrals , according to recruitment research conducted by Zippia. And an MBA program, whether in person or online, is a chance to network.

You’ll have plenty of opportunities to connect with classmates from a variety of backgrounds and with even more diverse goals. These connections can lead to lifelong networks you can tap into throughout your career.

While earning an MBA online has many advantages, it’s also important to be aware of the perceived disadvantages. As a working student, you will likely be studying on your own, which requires a strong sense of motivation, discipline and time management. Other potential drawbacks may include:

• The need to be intentional about nurturing your network in class — you can’t depend on sitting next to each other to inspire new connections
• The need to cultivate and maintain self-discipline so you turn in assignments and projects on time

However, there are ways to counteract these disadvantages. For example, online programs often feature heavy discussion components that can lead to lively conversations. Sometimes, these discussions can be just as spirited as those in on-campus classes. In addition, quality online programs can offer robust student support and resources  to help students who struggle with procrastination stay on track.

Because online programs allow students to study at a flexible pace, time management issues can pop up. Some students may find it challenging to complete their coursework if they rely on external accountability standards, such as set class times or peers who are waiting to meet them. Students in online MBA programs may need to possess strong time management skills as a result.

For those who are already established in a career but want to hone specific skills, an online business certificate program could be the right fit. While most certificates for business lack the breadth of learning inherent to an MBA program, they do explore specialized skills that can be useful in your current or future position.

Additionally, a business certificate may help professionals:

• Build specific business knowledge
• Enhance credibility
• Increase earning potential
• Stand out in a competitive job market

In addition to the potential career benefits, a business certificate offers other advantages, such as cost, duration and flexibility:

• Business administration certificate programs usually cost significantly less than MBA programs.
• Because business certificates do not require lengthy application processes or have as many admissions requirements as MBAs, a certificate could take just several months to complete. Compare that with the 12 to 24 months that MBA programs often last .
• Online business certificates are designed to offer essential flexibility. They feature many options for interactivity, including discussion forums. 

With its affordability, flexibility and short time frame, a business certificate is often a feasible undertaking for business professionals who want to learn more skills and enhance their careers. That said, a business certificate program has some disadvantages that are important to consider.

Certificates, while useful in teaching specific skills, do not carry the same recognizability and prestige as graduating from an MBA program. However, certificates can be a great way to focus on skills that can prepare you for future opportunities.

University of Phoenix offers several online business programs  that prepare students with skills to pursue a variety of career paths. Whether you’re looking to build the fundamentals or bolster your skill set, there’s a degree program for you.

Consider online business certificates  if you’re a working professional just looking to build on a specific area of knowledge.

If you already hold a bachelor’s degree and are seeking a master’s program, you might consider a Master of Business Administration  (great for those with years of business experience), Master of Business Administration (Competency Based-CB)  or Master of Management  (focuses on managerial skills).

Learn more about admissions requirements  on the UOPX website.