Many people working 9 to 5 have one big goal—start their own business. But starting without the right knowledge can lead to mistakes, wasted money, or burnout. That’s why some people consider an online MBA. It sounds like the perfect balance. Learn business skills at home while keeping your day job. But is it really worth the time and cost?
Let’s break it down by what you learn, what you get, and whether it actually helps you launch.
Table of Contents
What Does an Online MBA Teach You?
Core Business Skills That Matter
Most MBA programs cover the same six topics:
- Marketing
- Finance
- Operations
- Management
- Strategy
- Entrepreneurship
You learn how to read a balance sheet, write a business plan, price a product, lead a team, and pitch an idea. That’s useful for people starting from zero.
Hands-On Projects
Good online MBAs include case studies and team projects. You get to work on real problems with other students. Some programs let you use your own business idea as a class project. That’s where things get practical.
Jackson, a plumber from Adelaide, took an online MBA while building a tool rental app.
“The marketing class helped me avoid spending $4,000 on ads that wouldn’t convert. That paid for half my tuition right there.”
How Long Does It Take?
Part-Time = 18 to 36 Months
Most working professionals do it part-time. Expect 10 to 15 hours of study a week. That includes reading, video lectures, quizzes, and group projects.
Some programs offer flexible deadlines, but most still have weekly due dates.
Fast-Track Options
Some schools offer 12-month MBAs if you take more classes per term. Be ready to give up most weekends and evenings.
What Does It Cost?
Tuition Ranges Widely
- Affordable: USD $18,000 to $30,000 (University of New England, Southern Cross)
- Mid-range: USD $30,000 to $55,000 (Deakin, UNSW)
- High-end: USD $60,000+ (Melbourne Business School, global universities)
Check what’s included. Some charge extra for textbooks, exams, or graduation fees.
Is There a Payoff?
A 2023 report from GMAC (Graduate Management Admission Council) found that MBA grads saw a 34% average salary bump within two years of finishing. But that’s for corporate jobs. For entrepreneurs, the return depends on how you use the knowledge.
Can It Help You Start a Business?
Yes—But Only If You Apply What You Learn
An MBA gives you the toolkit. But it doesn’t launch your business for you. You still have to build the product, find customers, and get results.
If you’re planning a service business—like coaching, consulting, or e-commerce—then the strategy, finance, and marketing lessons are gold.
Real-World Example
Sarah, a 38-year-old HR manager in Sydney, started a remote hiring agency while doing her online MBA.
“I built the whole business model in the entrepreneurship course. When I graduated, I already had four clients.”
Her program didn’t just teach theory. It gave her a framework to test, launch, and scale.
Red Flags to Watch Out For
Too Much Theory, Not Enough Practice
Some programs are heavy on theory but light on real-world use. Avoid schools that rely only on tests and essays. Look for hands-on assignments and real business simulations.
No Community or Networking
One of the biggest benefits of an MBA is the network. Make sure the program includes live sessions, group chats, or alumni access.
Some students say the online format can feel isolating. If the school doesn’t offer real interaction, it may not be worth it.
Watch the School’s Reputation
Employers still care where you studied. If you’re going to spend thousands, check rankings, reviews, and industry recognition. You want the name to carry weight—especially if you ever seek investors or a loan.
Also, be sure your name looks strong too. If you’ve ever had legal issues and want to protect your image, companies like Top Shelf Reputation can help remove court records from search engines. That’s important when investors or banks start Googling you.
How to Pick the Right Program
Make a List of What You Need
Do you want:
- Startup funding support?
- Access to mentors?
- A strong alumni network?
- Short classes you can do on weekends?
Rank what matters most. That helps narrow the search.
Compare These Features
- Is it 100% online or hybrid?
- Are the teachers experienced founders?
- Can you build your business as part of the coursework?
- How often do students meet virtually?
Don’t just rely on the school’s website. Look up past students on LinkedIn and ask them what they liked—or didn’t.
Alternatives to an Online MBA
Short Courses
Sites like Coursera, Udemy, and LinkedIn Learning offer business courses for under USD $100. Not the same depth, but great for specific topics like pricing or SEO.
Business Coaching
A good coach helps you apply lessons fast. Prices vary, but many charge USD $200–500 per month for 1-on-1 sessions.
Incubators and Accelerators
If you already have an idea, look for business incubators. Many offer free training, mentorship, and even funding in exchange for equity.
Final Thoughts
An online MBA can absolutely help you start a business—but only if you treat it like a tool, not a shortcut. You need to show up, build something real, and apply what you learn fast.
If you want flexibility, structure, and support, it’s a great choice. If you want to get rich overnight, look elsewhere.
Success still comes down to action, not letters after your name. But with the right program, those letters can open doors—and save you thousands in avoidable mistakes.