There are many students and professionals who wanted to earn MBA degree from world renowned universities, in order to develop business and leadership skills. Many of them can’t afford the high cost of in-campus degree programs from top universities while others may be facing challenges likes relocation due to various reasons. Average tuition fee of an MBA program in United States cost around $60K+ for international students.
UIUC is offering this fully accredited online MBA program via the Coursera platform. University of Illinois iMBA is a fully online, highly interactive and deeply engaging program. Also, the iMBA Illinois program is available at much lesser cost as compared to regular in-campus MBA degree.
This might be a good choice for those who want an in-home fully accredited MBA degree from world renowned university.
Also, there are some online specialization options available for FREE to get a good understanding of how an Online Program works? One can take those to get familiarize before taking a complete iMBA University of Illinois Degree Program. Wharton – University of Pennsylvania has many business and entrepreneurship related online specializations available.
- UIUC iMBA Program Overview
- Key benefits of iMBA Program
- Admission Requirements
- Key Dates
- iMBA Program Tuition
- iMBA Student’s Reviews
- FAQs (Frequently Asked Questions)
- Alternatives to iMBA
- Concluding Remarks
University of Illinois iMBA Program Overview:
The iMBA program is organized into packages referred to officially as specializations which cover disciplines like economics, finance, leadership and strategy. Some specializations also tackle other topics like digital marketing and globalization which equips you with a vision into the future.
Even though most of the lectures are delivered via the Coursera platform, it’s not a MOOC (massive open online course). In fact, Coursera material is only a tip of the workload iceberg. Depending on the course one is taking, there are many supplemental materials and tasks which include recordings of lectures, video conferencing, graded group and personal assignments, and also timed exams.
- iMBA Illinois is exactly the same MBA degree that students in University of Illinois’s residential program receive.
- the University of Illinois College of Business accredit UIUC iMBA Program.
- at least six specializations required to complete iMBA Illinois Program.
- each specialization has additional component (optional) that covers in-depth discussion and instructor feedback.
- Upon admission, one can apply for the credit towards iMBA Program and might be eligible for transfer into another program.
- Duration: 24-36 months
- Courses: 18 courses plus three capstone projects
- Estimated Cost: ~$22,000
- Mode of Study: Completely online
University of Illinois Urbana-Champaign
University of Illinois is not only recognized in business but has best rated schools and colleges in various fields including engineering, media, and information sciences. The iMBA faculty is drawn from Collge of Business and other parts of the University, along with highly skilled professions from industry. University of Illinois is recongized as:
- 30 most powerful university brands in the world by Times Higher Education
- Top 5 favorite source of talent in U.S.A by Wall Street Journal survery
- 23 Nobel Prize Winners
- 470K Global Alumni Network
- #11 Public University
As mentioned earlier that the UIUC iMBA Program is organized into specializations, you need to complete at least 6 specializations to earn the University of Illinois iMBA Degree.
In order to earn an iMBA University of Illinois degree, six specializations need to be completed out of which 4 are Core Specializations while other 2 are required from Area of focus.
- Core Specializations are:
- Core 1: Strategic Leadership and Management
- Everyday Leadership
- Designing and Managing Organizations
- Business Strategy
- Core 2: Managerial Economics and Business Analysis
- Firm-Level Economics
- Business Statistics, Data Analysis, & Decision Making
- Country-Level Economics
- Core 3: Value Chain Management
- Managerial Accounting
- Process Management
- Marketing Management
- Core 4: Financial Management
- Financial Accounting
- Investments I & II
- Corporate Finance I & II
- Core 1: Strategic Leadership and Management
- Area of focus specializations are:
- Focus 1: Digital Marketing
- Marketing in a Digital World
- Digital Analytics
- Digital Channels
- Marketing in an Analog World
- Focus 2: Entrepreneurship and Strategic Innovation
- Strategic Innovation: Being a Strategic Innovator in a VUCA World
- Fostering Creative Thinking
- Entrepreneurship & Corporate Renewal
- Focus 3: Global Challenges in Business
- Global Business Horizons
- Global Strategy
- Business Ethics & Corporate Responsibility
- Focus 1: Digital Marketing
- Strategic Leadership and Management Capstone
- Managerial Economics and Business Analysis Capstone
- Value Chain Management Capstone
- Financial Management Capstone
Key benefits of iMBA Program:
This course is designed for anyone who wants to improve their business and leadership skills. Some of the benefits include:
1. Access to a Global Network
In the first graduating class of this program, there were over 2000 students from 70 different countries and 45 states of the US. Being able to interact with this diverse lot and build a good strong network can help your career or business in many ways.
With the iMBA Illinois, you do not have to relocate, you can have access to high-quality education from a top university right from your home. This convenience drastically reduces the costs of acquiring education.
3. Access to top Professors
Being taught by the top experts in the field of your choice has never been this easy thanks to the internet. Now, despite your location, you can access a top professor in just minutes and be able to consult to your satisfaction.
This iMBA University of Illinois program has created a new education experience as it admits people from various backgrounds ranging from science and engineering to finance and accounting, from art and music to the military, medicine, and marketing among others. The requirements for admission include:
- 3.0 GPA maintained in the last two years of undergraduate study or equivalent for students outside the United States
- Applicants must have a minimum three years working experience in a managerial position
- If need be, applicants should submit GMAT and GRE test scores
- International students must pass the TOEFL or IELTS English proficiency tests
- All applicants should submit an essay on a topic provided
- All applicants should have three letters of recommendation
Semester Begins in January, 14th, 2019
Early Admission Dates:
- Round 1: January 18th, 2019
- Round 2: March 1st, 2019
- Round 3: April 12th, 2019
- Final Deadline: May 17th, 2019
iMBA Program Tuition:
Estimated tuition fee for iMBA Program costs around $22,000 (approx.) as per Coursera website that includes:
- Coursera ID Verfication Fee
- Tuition Fee for 6 specializations
- Books/Supplies and other expenses etc.
However, on-campus cost for MBA at University of Illinios is $83,276 including $73,168 as tution fee with other charges. So, you are taking an online iMBA at far less cost. Checkout the on-campus tuition cost for MBA at University of Illinois.
Undoubtedly, the cost is far less than the actual MBA cost in United States and also, it’s good choice for international students. But if you are a U.S resident and interested more in an on-campus MBA program, we will suggest you to compare other options too. You can find the best ranked MBA Programs in U.S here.
iMBA Student’s Reviews/Feedback:
I scoured the web and found some valuable online reviews about iMBA Degree Program.
Followings are some of reviews of iMBA students as answers to questions on Quora.com about the usefulness of program by UIUC.
This feedback can turn out to be a best guideline for those students who are planning to take this program but have no idea about the University of Illinois iMBA. Here we have listed more feedback including positive and negative comments:
- Because of this program, I was able to build a strong network – My name is Dan Prorok and I want to say that many students think that studying online can never help to build a strong network of people that can further lead to big opportunities. But this is totally wrong, this platform helped me build a strong network with other students and I am still very much in contact with them. So don’t hesitate to take this program just because you think that you won’t be able to develop a network because it is totally untrue. I heard a lot of misconceptions about this program that this is an MBA degree delivered via MOOC. I would very much like to clear this misconception as this is totally wrong. Yes it is true that many of lectures are delivered via Coursera platform but that doesn’t mean that it is a MOOC (Massive Open Online Course) but rather it’s a complete MBA degree program.
- The value of iMBA degree of University of Illinois is not much in New York – I live in New York and I have done Bachelors in Accounting and Finance. Currently I am doing a job but this job is not something that makes me happy or contended. They say that I don’t have an MBA which makes me a little useless as compared to those employees who have an MBA degree. So I am looking for institutes that can help me with my MBA program. So I came across this online MBA program by University of Illinois. So I googled about this University and what I found about it is that though the university is well recognized in many countries and cities, but New York is not the one. Even the firm that I am currently working in doesn’t value the degree from this University so I would say that those who are living in New York and are planning to get an MBA should not choose this University. And for those who are not living in New York, they should take this program because I really found this program interesting and also cost effective.
- I would totally recommend this course to my friends – My name is Avinash Misra and I would say that after completing the course, I was able to get an amazing job where I was being valued and admired. The concepts and terms that this UIUC iMBA program taught me turn out to add value to my work and also my resume. In my job interview, I was praised by the fact that I chose University of Illinois to get an online MBA program and that my degree is worthy. I am really happy that I have an MBA degree from a well reputed institute and that it gave me a job that I was worthy of taking. Thanks to Coursera and the University of Illinois for this. I would totally love to recommend this course to all my friends who are planning to get an MBA degree.
- A good option for all the entrepreneurs out there – My name is Patrick Kerr and I would say that if any entrepreneur is looking for an opportunity to get an MBA degree online and also from a reputable organization who also provides this program at an affordable price, then this program is the best option for them.
- I want to share my experience with others so that they can get an idea about what the course is offering and what it takes to get the most out of it – My name is Laura Brandon Schulz and I would like to share my experience with other learners so that they can get a sense of this program. The education model of this whole program is very unique. The program consist of two courser class and one UIUC class. The lectures were very interesting and the instructor was from the University. After taking the lectures, there were discussion forums where a students has to take part. The exercises given in it totally supported the lecture material and one cannot say that whatever is taught in the lectures is irrelevant of the exercises. The whole formation of the lectures and exercises was well structured. Once a week I was required to take part in a 1 half hour live activity session where all of my class mates were present too. We were supposed to ask questions from each other and also help out each other if anybody had a problem regarding any concept. This live session was supervised by TAs who were very helpful. I tried as hard as I could to utilize this opportunity as much I could so that I can become better. I listened to the lectures very carefully, tried to clear my concepts as much as I can, solved every assignment and quiz given properly and in the end I was able to understand every concept taught easily. So I can say that this program is though very helpful and interesting but it also depends on the students itself that how seriously he takes this program and how much he can learn from it that is, have to be self-driven. But I would say that this course turned out to be an amazing opportunity for me and also at a reasonable price.
The reality in business today is that we’re working in virtual teams. We’re collaborating with people across the state, across the country, across the globe, and I think that in itself is a competency that you can only really learn by participating in teams that are that diverse.
You can find more valuable reviews/feedback on iMBA Program page.
Frequently Asked Questions:
There are a lot of students out there who have many questions regarding this University of Illinois iMBA program. Here we have listed maximum queries regarding iMBA program and try to provide an answer with logical reasoning.
- iMBA Program is recommendable or not? To that we would say that iMBA Program from University of Illinois is fully accredited, receiving same degree that residential students at University will receive. So, it becomes a highly recommended option for students who wants online fully accredited degree from top university at lower tuition fee.
- Is it a good option to take Online MBA? To all those people who are curious about that, we would say that an online MBA is undoubtedly a good idea. You not only get to study from home but also you can do a job side by side. And also you have to be careful before deciding the university as there are many universities out there who offer non-accredited MBA programs as these are just MOOCs (Massive Open Online Courses). This can cost you your career so we would suggest that University of Illinois has the perfect MBA degree program and not just an Online Course.
- Many people wonder if they have what it takes to enter the UIUC iMBA program? Students who have a good GPA can easily get into this program. Kindly read the admission requirements given here.
- Whether the program is equivalent to the in-person degree? Yes, this online program is totally equivalent to an in-person degree. The final degree certificate will state that the student has received an MBA from the University of Illinois studying the same syllabus as that of in-campus/residential students. So students can enter into this program with full satisfaction.
- Whether this program can add value to our CV and give us a better job? An UIUC Alumni Avinash Misra shared his experience after completing this program. This student was able to get an amazing job after completing this program. Which means that you just have to invest your time and efforts in this program and the return will be amazing. So if someone who has a confusion whether he will be able to get a good job after this program, he should read this and then decide.
Alternatives to iMBA Illinois Program:
There are other online specializations available on related topics that would be worth exploring. Although these are not complete degree programs, but are relevant and good for business students as well as professionals. For example, Wharton – University of Pennsylvania has some good specializations related to Business, Finance and entrepreneurship.
- Business Foundations Specialization
It provides a good foundation specialization in business for beginners from Wharton – University of Pennsylvania. Specialization is created by Wharton along with snapdeal.com & Shazam as industry partners. It consists of 5 courses to learn fundamental skills of marketing, accounting, operations and finance with one final Capstone project.
- Business and Financial Modeling Specialization
In order to take well informed business and financial decisions, this specialization provides you necessary skills. It consists of 5 courses (including one capstone project).
- Entrepreneurship Specialization
Another specialization from Wharton – University of Pennsylvania with 5 courses that teaches how to turn an idea to a successful funded business. Learn the right skills to develop, launch, fund and excel your business.
- Business Strategies for A Better World
Understanding how to develop a good business strategy for overall social impact, is the key to be successful business leader. This specialization also consists of 4 courses that includes global trends for business and society, corruption, social entrepreneurship and business strategy for social impact.
iMBA Degree Program by University of Illinois is a recommended option for students who wants to excel in the field of business administration but can’t afford the high cost of degree along with relocation issues. iMBA is fully accredited Online Degree Program by University of Illinois Urbana-Champaign via coursera that is highly engaging and affordable. Checkout more details about the degree program at coursera website.