Last Updated on August 14, 2022
Why Should You Consider An Online MBA in Sport Management?
There are more jobs in the sports industry now than ever before. Competition for the top jobs, though, is fierce. Major sports and media organizations can afford to be very choosy when it comes to the candidates who can even get an interview.
If you looking to level-up your career to better job without an advanced degree, or a personal connection with someone at your target company, your chances at even getting an interview are slim. In fact, without inside help, you’ll likely be passed over in the screening process, whether it’s done by HR software or a hiring manager who spends about 6 seconds scanning your resume. And if that’s not discouraging enough, studies have shown that less than 15% of hires are made from job board candidates!
The best way to bypass these challenges and take charge of the situation by earning an Online MBA in Sport Management. These accelerated MBA programs were specifically created for working professionals, and they are delivered fully online. By leveling-up with an Online MBA program, you will automatically rise to the top of any applicant pool. You will be equipped with the skills to add value to any organization, and you will be a prime candidate for a promotion. What’s more, the connections that you make during the program will help your professional network grow significantly, leading to opportunities for years to come.
What is an MBA in Sport Management?
MBA stands for Master of Business Administration. An MBA is focused on the business essentials that will make you effective in a company or organization. An MBA with a Sport Management focus delivers an MBA education while providing important context about the business of sport. In essence, you get a widely applicable business degree complete with insights and nuance that your professors have decades of experience in the sports industry – the best of both worlds.
“With the creation of our new Sport Management MBA, we worked with some outside parties and brought some [industry experts] together… Then we crafted classes around those major focus areas, knowing that the core MBA classes that they were going to take are going to provide that business background for them.”Dr. Charles Campisi, Chair of Marketing and Sport Management, Baldwin Wallace University
You might want to earn your MBA in Sport Management because you’ve reached a level in your current company or industry where you feel additional skills and qualifications would help you reach the next level in your career. It might also be the case that you’re looking to completely change from one industry to another and need some new skills and a degree to help you make the transition.
A Master’s in Business Administration (MBA) can be applied to the management and operations of any industry. Graduates can expect to have a solid understanding of how businesses function, the nature of customer service, and the importance of communication and teamwork. An MBA will encompass coursework in finance, human resources, customer relationship management (CRM), and strategy. Since the MBA degree assures that you will be educated in all aspects of business, you can be confident that earning this degree will serve you well even if you decide to pursue a career outside of the sports industry.
An Online MBA Program offers Flexibility for Busy Professionals
An MBA in Sports Management is sure to open doors for you, and with more programs opening each year, it’s easy to find a program that works within your budget and schedule.
Because Online MBA programs are designed for working professionals, the amount of synchronous learning is limited. Some programs may meet occasionally on weekends, while others may meet on a set weekday evening. Other programs may feature coursework that is completely asynchronous, with ultimate flexibility.
While choosing a program, it is important to be honest with yourself about what hours you are prepared to commit to. Flexibility is great, but so is the opportunity to engage with fellow students as you learn new concepts and approaches together.
Since your cohort will be composed of like-minded people with different perspectives, there will be excellent opportunities to learn from your fellow students. Keep in mind that the more synchronous time you have with your professors and classmates, the deeper connections you will develop. Consider this schedule aspect carefully as you begin to narrow-down your options.
The technology used in course delivery these days ensures that you will always be able to re-watch lectures – and even discussions between classmates – so missed classes can be made-up at your convenience. Nevertheless, being a part of an engaging discussion is part of what makes learning so much fun.
What is the benefit for studying an MBA with a concentration in sport management?
A generation ago, a bachelor’s degree was enough to get a job with good benefits and maybe even a pension. However, things have changed over the last few decades. The percentage of students attending college has gone up dramatically, as has the percentage of jobs requiring a college degree. Even as a college graduate, it’s easy to find yourself in an unfulfilling job with minimal benefits in today’s world. With rising inflation and stagnant pay, many entry level jobs hardly pay enough to cover personal expenses.
This is where earning an Online MBA program could help you change the trajectory of your career. An Online MBA in Sport Management will allow you to continue with your job and be there for your family while setting yourself up for success in the sports industry. With virtually no travel time or travel expenses, the opportunity cost is virtually nonexistent. And as many programs are streamlined to be completed just twelve to eighteen months, you could be in a position to earn a promotion in no time.
Work hard, juggle your job, classwork, and life for a couple semesters and you’ll make it out the other side with a newly minted MBA and a leg up in the sports industry. What’s more, you can apply what you learn to your current job every day, and you may find your career taking off even before you finish the program!
An Online MBA Prepares you for a success with a strong Business Foundation
Becoming a Master of Business Administration means that you will graduate with competencies based on the latest research and expertise in both industry and academia. You’ll have both a broad understanding of the dynamics that affect all businesses, sport business knowhow, and the ability to operate the organizational levers in departments as varied as people management, marketing, finance and accounting.
From the 35,000 foot view to the nuts and bolts of operating a business, you will be prepared with an array of business skills. You’ll be speaking the language of the upper management in meetings and interview, and they are sure to notice. You will understand how sports teams and sports-related companies make money, how they grow, and the challenges they face. Should you reach the point where you’re ready to strike out on your own and start a business, you’ll be far better prepared with an MBA in Sports Management than you might otherwise be.
An Online MBA will broaden your perspective. By learning about partnerships and sponsorships, you will discover how sport touches on nearly every industry, and you will be much more open to jobs with companies eager to be involved in the sports industry.
“I always use the example of Coca-Cola. I ask, ‘how many of you ever think of working for Coca-Cola with a Sport Management degree?’ And nobody says, ‘me’, but I always remind them Coca-Cola is the largest sport sponsor on the planet.”Dr. Jaime Orejan, Limestone University
Earning an MBA will provide you with a versatile skill set that can be used in any industry
Sports is a business, and an ultra-competitive one at that. As MIT-Sloan Professor Ben Shields contends, sports organizations have been on the forefront of data-driven decision making for many years. The business world is now playing catch-up to the lessons that sports organizations have learned,
“There are a variety of ways to gain a competitive edge… Better, more objective information is one of them, and sports organizations have proven adept at capitalizing on new sources of data and advanced analytics methods to out-think and out-perform their opponents both on and off the field.”[source]
For this reason, those who have been successful in the business of sports are well positioned to lead help other businesses. The same fundamentals are important in all businesses, so there is no need to worry about being pigeonholed by a sports-focused MBA. Should you ever leave the sports industry to pursue work in another field, your Online MBA in Sport Management will have given you applicable skills and a resume that stands out. You can find opportunity in almost any industry and the sky’s the limit when it comes to your future, even if you find yourself elsewhere in the business world.
What Courses make up an Online MBA in Sport Management?
Curricula vary from one university to the next, so compare carefully and find the one that best aligns with your goals. Your online MBA is likely to include some version of the following example classes:
- Accounting Concepts for Managers
- Introduction to Economic Concepts for Managers
- Financial Management
- Management Information Systems
- Marketing Management
- Managerial Decision Analysis
- Operations Management and Quality Enhancement
- Organizational Behavior and Leadership
- Social, Ethical, Legal Systems
- Communication Skills for Managers
- Financial Statement Analysis
- Data Analytics for Business
- Sport and Entertainment Marketing Strategy
- Sport and Entertainment Law
- Global Environment of Sport
- Sport Business Analytics
- Internship in Sport Management
Online MBA Programs Provide You with Valuable Alumni Networks and Mentorship
The sports industry is fueled by human relationships and connections. Equal in importance to the skills and coursework covered in your Online MBA in Sports are the connections you will make with professors, classmates, and university alumni currently working throughout the sports industry. These are people who have been in the sports industry for years or decades – they have large networks that can help open doors for you in the present and in the future.
The mentorship provided by professors and alumni often lasts well after the completion of the program, and is incredibly valuable. The misconception that networking opportunities are limited in online MBA programs has now officially been laid to rest. To the contrary, the advent of Zoom meetings and mentorship has made mentorship more accessible for everyone while lessoning the burden on the alumni.
Online MBA programs offer plenty of opportunities to build your network. Be sure to take part in as many alumni events and activities as possible during your program. Join trade associations and volunteer, and remember that your classmates are a huge resource.
You are sure to find that you have a lot in common with others who chose the same Online MBA in Sports Management program and as their fortunes rise in sports, so can yours. The advice, collaboration, and sharing of information between professors, students, and colleagues is one of the major benefits of enrolling in a graduate program.
How Much does an Online MBA in Sport Management Cost?
Online MBA in Sport Management Programs can cost anywhere from about $10,000 to $125,000 with many falling around the $30,000-$40,000 range.
Sticker shock in higher education is a common experience for students looking at institution community college to the ivy leagues. But before you close the door on the future you deserve, take some time to understand the benefits that you get for that cost.
First, Online MBA programs offer some of the most bang for your buck of any education investment. Most students are able to continue to work a full-time job and spend zero dollars on transportation and logistics. Coursework is condensed to a level that can be completed in a year or so, so you’ll find yourself finished with the degree and able to pursue jobs with much higher earning potential very quickly after beginning your studies.
Factoring in the elevated earning power that comes with your Online MBA in Sport Management, it’s probably going to be a net gain. Research indicates that an MBA can increase your earning potential upwards of $20,000 per year. At that rate, it won’t take long at all for you to recover the cost of even the highest priced Online MBA in Sport Management.
Finally, student loans, scholarships, grants, and even contributions from employers can offset the cost of your degree and spread out the payments so that you can easily manage them.
If you’re able to set a budget and stay within it, you have a great chance of being able to pay off your entire tuition and fees within a couple of years after completing your degree.
If you love sports, enjoy working with people, and have a real desire to elevate your business skills, an Online MBA in Sport Management is a solid investment that will supercharge your career. Do your research, understand your professors’ qualifications, look at the coursework, and find the one that suits your interests. Your search for the perfect program begins right here!
Online MBA in Sport Management Programs Listed
Concordia University of Chicago | River Forest, IL
MBA in Sports Management
Delivery Method: Online
Credits Required: 48 Credit Hours
Local Tuition (per Credit Hour): $735
This program features 12 classes of standard MBA curriculum combined with a selection of courses that are specific to the sports industry. The program can be completed in 1-2 years, and the school takes great pride in its experienced faculty which has been at the forefront of online learning for years.
Franklin Pierce University | Rindge, NH
MBA in Sports Management
Delivery Method: Online
Credits Required: 36 Credit Hours
Out of State Tuition (per Credit Hour): $665
Franklin Pierce’s MBA in Sports Management combines online learning with full or part time study as well, and offers a high level of customization. The MBA foundation provides a solid business foundation, and the sports management courses ensure that graduates are prepared for any position in the sports industry.
Midway University | Midway, KY
MBA with a Concentration in Sports Management
Delivery Method: Online
Credits Required: 33 Credit Hours
Midway’s MBA prepares students to excel in the world of sports related business. It features small classes (16:1 student to staff ratio), and offers some sort of financial aid to 90% of students.
Salem University | Salem, WV
Sports & Recreation Management
Delivery Method: Online
Credits Required: 30 Credit Hours
Total Tuition: $20,900 per year
Salem University’s Master’s program is taught in four week classes, in either a part time or full time setting. The program focuses on managerial strategies, use cutting edge research and data in an applied setting, understand regulations, and provide leadership with integrity.
Online MBA in Sport Management FAQs
Salary expectations for MBA graduates can vary significantly based on a variety of factors including which program you graduate from, your area of expertise, the market you are in, and so on.
According to the National Association of Colleges and Employers, MBA graduates are expected to make $29,000 more than those graduating with a bachelor’s in business administration this year. Importantly, according to the same study, MBA graduates are second only to Computer Science graduates on the “Top Degrees in Demand” list.
Aside from covid-related GRE requirements, there are a number of MBA programs that don’t require GRE scores. In our listings below, we have taken the time show which programs don’t require GRE scores to save you time on your search.
Yes, many universities now offer MBA Sport Management Online. Be sure to visit our Online MBA in Sport Management page to learn about those options.
There are several programs which offer MBA in Sports and Entertainment Management programs. Depending on your career goals, including courses specifically designed for Entertainment Management provides graduates with a bit more flexibility outside of the sports industry.
In short, yes – it just comes down to semantics. Some universities use Sport Management, others use Sports Administration, and some call their degree program Sports Business. With that said, be sure to pay special attention to concentration or focus areas that different programs offer. All MBA programs have business fundamentals at their core, but elective courses and concentrations can vary a great deal between schools.