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How can an MBA help your career?

Question:

How can an MBA help your career?

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Answer:

Both the Bureau of Labor Statistics and US News and World Report list the possible benefits of obtaining an MBA degree:

  • Skills learned in an MBA are transferable to a variety of industries.
  • Earning an MBA can increase job security.
  • In a company survey, 96% of respondents said business school graduates created value for the company.
  • An MBA can differentiate you from other job seekers.
  • Adding a concentration via the MBA can make you more marketable, and, in some cases, may be key in entering the promotion pipeline.
  • Building a network while pursuing an MBA can lead to many different types of opportunities from career contacts to gaining valuable insight on industry trends from a diverse group.
  • An MBA can lead to higher pay, an average of $20,000 more than an employee with a bachelor's degree.
  • An MBA can also lead to business leadership positions and management roles.
  • For a young professional, an MBA may be an opportunity to show an employer a dedication and determination that will warrant advancement.
  • For some industries like finance, marketing, IT, or international business, an MBA may be required for advancement.

Some things to consider when considering an MBA, according to gograd.org are the following:

  • Part time or full time options
  • Delivery (online or in person)
  • Admission requirements
  • Costs and financial aid options
  • Accreditation
  • Length of program

For more information about the Master of Business Administration (MBA), check out this article: Master of Business Administration (MBA): Degree Overview

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