Every year, tens of thousands of aspirants sign up for a master of business administration course across the African continent. However, only a very few get through and receive the training due to various factors such as score bottlenecks, limited admission spots, a lack of reputed institutions in the locality, cost of education, and high competition for prestigious institutions’ admission spots.
The students who do make it through the admission process also have to face many hurdles along the way. As many institutions are concentrated in the cities, students have to spend a chunk on relocating, accommodation, transport, and food. A full-time degree is also time-consuming and doesn’t allow students to seek other means of jobs during the study period.
The challenges don’t end there either, as the curriculum is also often outdated and lacks practical training and real-time industry insights. These sub-par standards of education don’t cut it for industries that are looking for highly qualified graduates, and graduates end up struggling to find jobs.
Demand for MBA Graduates in Africa
The demand for graduates with a business administration course is also on a significant rise since 2010, reports Anne Wilson, a general manager of the South African Business Schools Association (SABSA), which consists of almost 20 members.
Africa has experienced rapid growth in the past decade to become the world’s newest industrialized economy, offering cheap labor and resources. Investment opportunities are abundant and actively sought out by many developed nations. For example, Saudi Arabia promised South Africa $10bn of investment in the power sector. But there seems to be a shortage of well-trained business leaders to take up roles.
The Advent of an Online Master of Business Administration Course
Despite the promising future, the number of graduates remains low due to these limiting factors. But with the recent advancement of the educational space and the need for face paces a master’s degree in business administration (MBA), lesser investment of time and money paired with a high ROI, online MBA has become a popular choice for many in recent times.
This surge has started to mature even more evident after many prestigious institutions, like Texila American University (Texila), started offering their master of business administration course online. For example, Texila offering an online MBA degree found global success with thousands of students from across the globe signing up. Like aspirants, various universities have also entered the African market based on Africans’ strong interest in its local and global online business program.
Unlike traditional business schools, the online business program offers practical business insights and learning from the industry. These online MBA courses have been explicitly packed with an updated curriculum that briefs students on the most up-to-date data and practices that will help them make educated business and management decisions that make exceptional MBA graduates.
Businesses, too, have significantly evolved, especially in the past decade, with the advent of advanced business structuring, research process, programs, big data, and artificial intelligence. The master of business administration course has also developed and diversified over the years, now branching out to:
- General Management
- Human Resource Management
- Project Management
- Information Technology and Business Analytics
- Strategic Management
- Banking and Insurance Management
How to Choose MBA Specialization
There are various MBA specializations offered by business schools in Africa, as mentioned above, tend to confuse students when deciding a domain. Listed below a few factors that might come in handy while finalizing an MBA specialization.
- Scope of the Specialization
The demand for various specializations varies depending upon each country’s industrial sector. It is best to do your research before committing to a field. You can look up data regarding the growth of the specific market sector and talk to tenured professionals regarding this to get a solid idea of the domain.
- The Reputation of the Institute
It is also essential to know the reputation of the institute you are enrolling with as online brochures can be deceiving. Check for accreditations, testimonials, and connect with alumni to truly understand its value and school.
- Further Study Opportunities
An MBA program is a stepping stone toward pursuing research and sub-specialized certifications and even a PhD in business management course. However, earlier, it might be useful to look to keep in mind the other opportunities that might surface down your career path while deciding on your specialization today.
- Faculty and Platform Quality
Since this is an online course, it is good practice to know about the faculty and its online platform to conduct classes. A reputed organization would have highly experienced faculty and a seamlessly online platform to aid throughout your educational journey.
It’s time to start thinking like a real businessman. You will have to calculate the MBA specialization’s investment return. So, you must choose an online MBA specialization that assures a high return on its investment.
The online master of business administration course also makes it easy to be accessible to many and keep the curriculum updated too. This flexibility aims to bring more value and accessibility to more students across Africa.
The demand from African students further elucidates that the advent of online MBA programs in Africa may be the right thing to do at the right time. African students who have enrolled in an online master of business administration course define that it wasn’t something that his traditional degree courses had offered to them.
For these very reasons, the traditional B-school degrees are swiftly losing their significance in today’s fast-changing world. Meanwhile, business schools have become a great way to gain advanced business and management education, which provides students with quick completion time and guaranteeing top educational quality that is up to date and useful in today’s modern world.
Traditional MBA courses in Africa costs approximately USD 16,459, according to SABSA. And the top schools like UCT charge around $20,000. An online master of business administration course costs less and saves you more in terms of travel, food, and accommodation, which you would have instead spent if you choose to do a traditional course at a business school in the city.
Meanwhile, the online master of business administration course at Texila American University has been structured to serve as an accessible format for students. This highly acclaimed university in Zambia uses a unique teaching methodology, named BRICS, which segments the curriculum in an easy to learn form. The program’s flexibility, coupled with a reasonable fee and flexible payment option, makes it an excellent choice for many working professionals who wish to pursue their MBA degree without compromising their job. It makes the MBA degree convenient for African students to pursue a course for which they won’t have to leave their businesses or jobs.
Here is a confession of Mr. Yanga Elias Lagu, an MBA graduate from Texila. He feels that an MBA degree taught in a traditional setup fails to address the students’ requirements and convenience. Moreover, he has chosen this online MBA degree at Texila to save time and money, the two significant disadvantages of taking a regular MBA degree. “It is the best flexible online study program designed specifically for busy professionals who want to advance their career. The program is motivating and calls for maturity and proper time management to balance your work life and study life to meet deadlines for completing academic assignments and routine work tasks”, he says.
Like him, most working professionals look for some feasible solutions to pursue their master’s degrees. Today, most African students are looking to grow by learning fast, developing new skill sets in a fast-paced business environment, networking with like-minded professionals, and learning from highly experienced faculty on the go. A platform like Texila is not just helping working people get their MBA degree amidst their busy schedules but also guaranteeing better quality business management courses.
With traditional MBAs getting not just tedious but also becoming an expensive prospect for aspiring students, the MBA world is heading toward a dynamic change. Texila’s online MBA program will define Africa’s industrial future by producing highly qualified talent to shape tomorrow’s business landscape.