Right!!! Most people can’t take off a year or two of work to enroll full time in an on-campus MBA program. And many companies have reduced (or never greatly increased) the amount that they will reimburse for tuition.
When I was working on a masters degree (in Stone Age) and my private univ tuition was $6k per year, my company gladly paid it. But now that tuitions are $60k+ per year, the only time I’m seeing companies pay that much is when the company insists that their employee pursue a particular degree.
ALSO…a big drawback for pricy programs is that even if your employer will reimburse a higher amount, the student has to “pay up front,” and doesn’t get reimbursed until after grades are submitted…and usually the student has to already pay for the next semester as well (before being reimbursed). Few people can pay $15k-25k up front, but certainly many can pay a couple thousand up front
Even most of the instate public MBA programs are pricey…well at least more costly than what an employer would reimburse.
The ability to take one of two classes at a time, online, over an 8 week period can work with many full-time employee’s schedules.