PHOENIX–(BUSINESS WIRE) – The University of Phoenix reports that in their accredited competency-based Master of Business Administration (MBA-CB) degree, which is designed to demonstrate students with work-related skills faster, 83% of students complete the degree within the 12 months of degree.
November is National Career Development Month, a time to show individuals how best to develop and develop their career path. the MBA is a career development path with an established value. Based on a debt-to-income ratio of an MBA program, a recent analysis by the Wall Street Journal found that 98% of nearly 600 MBA programs, including the University of Phoenix MBA program, give students the prospect of their new career- and income opportunities leave a manageable debt burden.
The University of Phoenix’s MBA-CB is aimed at professionals who want to accelerate their studies by leveraging their on-the-job experience. Competency-based education (CBE) links the acquisition of credits directly to measurable skills. Students can demonstrate existing skills, have them credited, and then spend more time learning a new skill or focus. Since the start of the MBA-CB program in June 2020, 83% of enrolled students complete within a time frame of 12 months and around 15% of students within 13 to 18 months.
“Our focus for the MBA-CB program is on adult working students who have already gained in-service training and knowledge,” says Kevin Wilhelmsen, Ph.D., Dean of the College of Business and Information Technology at the University of Phoenix. “We want to make it easier for students to work alongside their studies. This program enables them to use the skills they have already acquired and to shorten the time frame for the further development of their studies. ”
In addition, the competency-based Master of Business Administration is currently fully mapped to skills and has digital badging that learners can use to share their new skills on digital platforms and with their employers.
The University of Phoenix also offers a traditional MBA program that lasts approximately 16 months. For both types of programs, courses are offered on a six-week schedule rather than a traditional semester basis. The accredited MBA programs are fully online, taught by faculty with an average of 28 years of industry experience, and cost $ 698 per credit; The competency-based MBA costs $ 300 per credit and can be completed online in just 12 months.
About the University of Phoenix
The University of Phoenix is constantly innovating to help working adults improve their careers in a rapidly changing world. Flexible schedules, relevant courses, interactive learning, and Career Services for Life® help students more effectively pursue their professional and personal goals while balancing their busy lives. For more information, visit phoenix.edu.