The Market for Online Degree Programs

The market for online degree programs offered by Higher Education Institutions (HEIs) globally has dramatically changed over the past decade. While education research organizations are still working hand in hand to measure the size of this market, there is a significant amount of data from various reports on global tertiary education that articulate the past, current and future state of this education market.

Rise of Global Tertiary Enrolments

According to the 2009 report from UNESCO Institute for Statistics (UIS), global tertiary enrolments reached 170 million in 2009 wherein China, India, US and Russia have already a combined share of 45%. Other emerging economies with significant numbers of tertiary enrolments include: Brazil (6.2 million), Indonesia (4.9 million), Iran (3.4 million), South Korea (3.3 million) and Turkey (3.0 million).

More interestingly, according to British Council, the total global tertiary enrolment is forecasted to grow by 21 million between 2011 and 2020.

Another foreseen contributing factor to the rise in global tertiary enrolments is the growing population of internet users. With 2.4 billion internet users as of 2012, it is expected that online degree programs offered by HEIs worldwide will continue to become the learning method of choice by millions of global students.

Growth of the Education Market

According to IBIS Capital, in 2012, the global education expenditure reached $4.4 trillion. This figure is supported by 1.4 billion students and 62.5 million educators. Thirty four percent (equivalent to $1.5 trillion) of the total expenses came from post-secondary education. It is projected that this expenditure will climb up to $5.4 trillion by 2015 and to $6.3 trillion by 2017.

The global eLearning education market, on the other hand, reached $91 billion in 2012 and is forecasted to grow by CAGR of 23% from 2012 to 2017.

Clearly, these growths in the education market are indications that the global market for online degree programs is expanding.

Trends in Global Distance Learning

It is also apparent from reports and surveys that online programs are widely adopted by many colleges and universities around the world.

Hanover Research, on its 2011 report highlights the following trends in global distance learning:

UK’s major online degree programs are more focused on continuing professional development with greater emphasis on business-oriented programs. Student enrolments on Level 4 programs accounts for 25% while those on Level 7 accounts for 60%. Among UK online courses, business, law, medicine, science, education, social studies, and technology are the most frequently offered subject areas by various institutions.

In the US, 41% of full online programs offered at various tertiary level institutions are undergraduate degrees and 25% are graduate professional degrees. Of the 4,200 degree-granting post-secondary institutions in the country, 66% offers undergraduate online courses while 60% offers graduate professional online courses. Online degree programs that are highly in-demand from 2009 to 2010 are health professional and related sciences, psychology, business, education, computer and information sciences, and engineering disciplines.

In 2013, distancelearningportal.com released its independent survey on global demand for online education.

The survey is based on the 2 million visits they received on their online study portal in the entire fiscal year. Of this number, 69% of visitors have prospect on Bachelors degree, 19% on Masters degree, and 2% on doctoral degree. The survey also indicates that the online programs with the highest demand globally are Business & Economics, Engineering & Technology, Social Sciences, Applied Sciences, Environmental Sciences, and Law. The top countries with the highest demand for online education are UK, US, India, Germany, Greece, Canada, Nigeria, Italy, Pakistan, Netherlands, Ireland, Spain, France and Australia.

Opportunities in Higher Education for Global Engagement

According to the 2012 study conducted by the British Council regarding higher education global trends and emerging opportunities, these are the five education opportunities that will shape the global engagement in tertiary education by 2020:

· International Student Mobility

· Size and Growth of Domestic Tertiary Education Systems

· Transnational Education (TNE)

· Academic International Research Collaboration

· Business International Research and Collaboration

These opportunities are already being felt in various countries in Asia-Pacific, Africa and the Middle East. In fact, UK and US education curriculums are widely adopted by many universities in Asia and Africa for the development of their online programs. To cater the growing demand for online programs, new course delivery models are also introduced. These are branch campus establishment programs, twinning or partnership programme, dual and joint degrees award, and franchising and validation course delivery models. As a result, more online colleges and universities globally are now actively engaging in the growing market of online degree programs.

Professionals Opt For Online Degree Programs to Increase Their Prospects

The recession has created an impact on many people all over the world. Realization has dawned on the professional front that without sufficient skills and degrees in one’s cache, it is not possible to make it big in the corporate world. Such a revelation has led many professionals to look for programs by taking up which they can sharpen their skills and increase their knowledge. This very fact has led to an increase in the prevalence of online degree programs. By availing such programs, professionals have gained a lot of valuable knowledge and it has helped them in rising to the highest echelons of the corporate world.

Online degree colleges specialize in distance learning programs and offer degrees in all kinds of subjects and specializations. The subjects include engineering, education, business management, computer science, information technology, to name a few. Each of these subjects has different fields which students may choose to specialize in. The degrees which one can attain by opting for these courses can be bachelor’s degree, master’s degree, associate degree or diploma and certifications. Some even opt for online PhD courses. A professional benefits most from these online degree programs as he or she does not have to compromise on the professional front.

Online degree programs are opted for by almost everyone who wishes to increase his or her career prospect. What makes these courses most beneficial is the fact that they do not conform to timely schedules. This means that a student can take up the classes at any point of time. As the online degree programs are strictly internet based, they can be availed from any place which enables one to access the web. These programs help one to create goals and meet them effectively. The knowledge garnered in the online classes is much more diversified than classroom training as the instructors are adept at providing practical knowledge.

Online degree colleges might provide financial aid to students who cannot manage the money required for the course. These aids might be provided in the form of scholarships, grants or student education loans. The brighter students are offered such facilities as they qualify the criteria required to avail them. The universities and colleges which offer the courses are mostly accredited by the educational associations. It is better to check whether this holds good for the institution as an accreditation lends authenticity to the institute. These programs and courses are conducted within a very short span of time. This helps the professionals the most, as they can rise in the corporate realm faster.

With the increase in the number of colleges which provide online courses, the competition has risen to high levels. This has made the various institutions lower the costs and pay more attention to the quality of the knowledge imparted.

Boost Your Career With An Online Degree Program

Some people have to discontinue their studies for many reasons, including financial, health, or personal problems. With many good online degree programs available, it is now possible to continue studies whenever a person wishes to. Many accredited and reputed universities offer a range of online bachelor degrees to choose from. You may choose the one suitable for you and get the required certification and knowledge to boost your career.

The Need for Bachelors’ Degree

The job market is getting increasingly competitive. Many companies are lying off employees and have stopped hiring. In this tough scenario, it is important to not only continue with the job you have, but also to grow in it and go to higher posts. For this purpose, a bachelor degree online will be very helpful.

For many, returning to school is not quite possible for full-time studies. You may be dealing with a full-time job, a family, and other responsibilities. In this case, an online degree program will fulfill all your needs and provide the much needed bachelor degrees for further growth.

Just a little time ago, there were only selected few online bachelors degree programs available, that too from not very reputed universities. But the scenario is much better now. You have full ranges of choice to make from, and you may pursue the degree that you really want. You are no more forced to choose from the few options available. You can choose a degree in science, math, business, or marketing and various other options. The idea is to get education, knowledge, and degree in the field you are related to and wish to grow further in future.

Age, Location No Bar for Online Degrees
If you have the willingness to study, you can pursue it anytime regardless of your age, location, or work timings. Here you can study in your own convenient time, no need to commute and no need to attend regular classes. You may select only those courses or papers that you really want to; any time of the day, the same resources for your studies will be available. For working people and those with family responsibilities, the online degree program is most suitable.

Many universities offer online accelerated degree programs where you can earn your bachelors degree in as less as half of the time taken for a regular degree course. If you can afford to invest more time and get more number of courses in the same limited time, you may get the degree much faster.

Some Important Facts to Consider

One important thing is to choose a university or the examination body which has the required credentials and acceptance by professional companies. What use will be your bachelor online degree if it is not approved by companies and not considered in your job applications. So, first, check and re-check the university’s credentials, reputation, and standing.

Next important thing is to choose your courses and programs carefully. Select the courses which will help you in your career goal, are related to what you are doing right now, and have future possibilities in terms of further studies and job market. With the convenience of online degree program, you can get your bachelors degree without much hassles, just your utmost commitment and hard work is required. This degree will help in achieving a more successful career for you.

Where Can I Find Online Degree Programs? – 3 Simple Steps to a Better Future

Itching to know where to find an online degree program? Better yet, where can you find an accredited degree program online that can help you land that dream job?

With the increasing popularity of online degree programs, the number of online universities offering degree programs has dramatically increased. It might prove perplexing for the unfamiliar to have to choose from this vast array of online degrees available right now. To make life easier, here are a few tricks to help you find that perfect degree online.

1. Online degree programs may be found by conducting searches either by degree type or by the university itself. But before you can go about that, you need to determine first what your plans are.

Do you plan to shift career? Or do you want to land that big post that you’ve been eyeing for the longest time? Or to simply to fulfill your dream of having a degree under your belt?

2. Once you’ve determined your goal, create a shortlist of the courses that could either benefit you in your current job or help you shift careers. When you’ve done this, it’s time to choose a university.

3. As mentioned earlier, you can conduct your search by type of degree programs or by university. It is best to employ the use of online college directories as they usually have a list of those that are accredited by the governing bodies. Hence, helping you avoid being prey to devious websites who lure you with easily acquired but worthless degrees.

Keeping these pointers at the back of your mind when trying to find online college degrees will help make your life so much easier. Avoiding pitfalls and unnecessary expenses are just a few side benefits when you conduct intensive research before you commit to get a degree online.

Want more tips on where to find online degree programs to help manage your career?

What to Look For in Top Online Degree Programs

First and foremost the top online degree programs for 2010 and beyond are anything where there are jobs and just as importantly in a field you find interesting. However, before proceeding it is a good idea for a little background and advice on online degree programs.

Some schools have offered online degrees since 2005. But since they are online people think it they are not as effective compared to campus based education. However, online degrees are now getting the respect from the working world.

There are lots of online degree programs that are offered from many different schools. Before you enroll or apply on online degree programs in 2010 or beyond here is some advice.

First thing you will need to do is search the net to see if the school you want to get into can be trusted. You must find out about the schools accreditation, for if the school has not been accredited then the diploma you would have worked so hard to get will be useless from the point of view of employers.

The best and safest way to find out is to go to the department of education website for your state and ask or you could just search the internet and look at their list of accredited school online.

You also have to check how long has the school been offering online degrees, and if they have had any technical problems in the past. For this could affect your studies as well.

You need to know what devices you need when starting your classes and courses online. Go to your chosen school’s webpage and find what supplies they require for their online classes.

Also if you have not yet upgraded your internet connection into broadband I suggest you change it before you start your class. This is so that you won’t have a hard time connecting to your class through the net. Also see if they have a technical support team that could help you if you will have technical problems connecting.

There are two types of online classes, the synchronous and the asynchronous. The synchronous type is when students and professors log in online at a regular basis and discuss their topic through chat. The asynchronous type is when the professor will only leave assignments and tests and you get to work with them anytime of the day as long as you pass it before the stated deadline.

Some say online learning is more difficult and challenging compared to the classroom based education. The place of learning does not matter much as long as you know that you want to learn and are determined to reach your goals then anyplace can be a place of learning for you.

You also have to be focused in your studies so that you can pass and finally earn your desired degree. Just make sure that you love the program you chose and it is authentic so that you won’t waste your money, effort and time.

And remember, the top online degree programs for 2010 and beyond are the ones that will provide you a career for where and how you want to live. There are many places that can help you find out more about these programs.