At some point in time many working professionals are faced with the decision of how to best approach their career in the future. Some individuals might work in a field where a basic degree and years of experience are enough to keep them gainfully employed. Others might work in a field where advancement to better positions with greater pay will rely upon not only experience, but advanced education.
Those working in the business sector of the economy often must decide if there is value in pursuing a Master’s in Business Administration (MBA). There are a lot of factors to consider when determining if an MBA is worth the effort. Is it affordable? Will it take too long? Does it really add value to my career? The following 10 reasons to earn an MBA should help make the decision a little easier.
Credibility Among Peers
Simply completing an MBA program shows other employees and superiors in the field that the value of business is understood by the graduate. The time and energy invested in earning an MBA shows devotion to better understanding the foundations of management.
Think Like a Businessman
Completing an MBA program provides individuals with the approach to business thinking necessary to succeed and pursue executive level positions. MBA grads possess the ability to view challenges and opportunities from an overhead, all-encompassing point of view.
Learn to Communicate Better
Different departments within a company communicate in distinct languages that suit their purpose within the business. MBA participants are taught the distinct languages of various business functions in order to better understand how the company as a whole interacts and succeeds.
Grads Can Solve Problems
Graduates from MBA programs are capable of solving numerous business problems when they arrive. Because MBA programs teach students about various sectors of business they are better prepared to solve problems in a variety of areas rather than find themselves left out of the loop when problems arise.
Improve Technical Expertise
MBA programs, with their depth and breadth of study, provide students with opportunities to learn about all the sectors of business operations. During the process, MBA students develop greater technical expertise by studying these various fields and leave school with a broader view of how business is conducted.
Employers Want MBA Grads
Yahoo! Education ranked business administration degrees as the top degree among the five most popular degrees that employers are looking for. Bachelor and Master’s level business administration programs provide the training employers want to see and according to the National Association of Colleges and Employers, 48.5% of employers are looking to hire business administration grads in 2012.
Redefine Your Career
The MBA degree has been ranked #1 on Yahoo! Education’s list of the five best second-act degrees. Those who have hit the ceiling in their current position will find that an MBA will allow them to break into management positions they may not have otherwise been qualified for. An MBA can easily be earned while still holding down a job, boosting chances of advancement with a current employer or opening new doors.
An MBA is considered among the most flexible degrees that adult students can pursue. According to Yahoo! Education, online programs allow individuals to attend school while continuing to work. Doing so provides graduates with vital business courses that boost their employment opportunities.
Business degrees are seen as one of the most valuable degrees for graduates to hold. An MBA, like other business degrees, opens the door not only to higher paying positions but boosts the ceiling for advancement that graduates will find.
Reach the Summit
Graduates looking to one day hold one of the top executive positions, such as CEO, CFO, or CIO, are going to need an MBA and years of experience to reach those peaks of the business world. According to the United States Bureau of Labor Statistics, the top executive’s at most large corporations are graduates with an MBA in their pocket.
In the end an MBA is still just a piece of paper. It will not replace relevant work experience, but it can make relevant work experience more valuable and make employees more attractive to employers looking to hire top talent.
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