Whether you are a busy working professional, parent, or business owner, online graduate programs allow you to attend class on your terms before or after work, at your favorite coffee shop, or even from home.

A master’s degree can help you qualify for promotions and increase your salary. But is it worth the investment?

Flexibility

A master’s degree is a valuable business asset, helping you grow professionally and build your network. Whether you’re looking to switch careers or take on more responsibility at your current job, an online management master’s degree can help you achieve your goals.

Unlike classic business degrees, such as the MBA, most MiM courses do not require significant prior work experience. They’re also often offered online, making them ideal for professionals who want to continue working and studying simultaneously.

MiM graduates earn a high early career salary, meaning that this degree provides a solid return on investment.

Accessibility

Whether you are already on the path to management or want to signal your interest in this type of leadership, an M.A. Management degree programs online can help set you apart from other candidates for management roles. And while earning a graduate degree won’t guarantee you a promotion, it will show that you have the knowledge and drive to move up the ladder in your organization.

With the popularity of online education, getting an advanced degree is more accessible than ever. You can complete coursework on your own time, at your own pace and without the hassle of commuting to campus. Plus, you’ll have access to the same resources and professors as you would on campus. Ultimately, an online degree is the perfect solution for busy professionals seeking to advance in their careers.

Convenience

Whether a current project manager or an aspiring one, an online master of management degree helps equip you with the skills employers want. This graduate degree teaches students to manage teams and projects effectively and helps them solve complex problems. It introduces students to communicate effectively, lead by example, and live their organizational mission.

Earning your degree online makes it easy to juggle work and school. You can study before or after work, on weekends, or during lunch breaks. And if you have to go to the doctor or for a family emergency, you can easily reschedule your classes without asking for time off from your employer. This gives you a competitive edge in the job market and boosts your career advancement prospects.

Affordability

In many cases, online master’s degrees can be less expensive than traditional graduate programs. This is especially true if you have already completed a bachelor’s degree and have made it to the principal of your undergraduate student loans.

Additionally, many schools provide additional scholarship opportunities for students interested in continuing their education. These additional options offset some of the costs of earning an online management degree.

Aside from financial incentives, a master’s degree can also mean higher pay in most industries. The average salary difference between bachelor’s degree holders and those with a master’s is more than $1,500 per week. This can significantly dent your student loan balance or add to more income in your retirement or savings account.