Reasons to Get an MBA
- Develop Valuable Managerial Skills
- Access to Large Business Network
- Better Chance for Higher Wages
- Ability to Start a Business
- More Career Opportunities
There are many reasons why an individual might want to get a Master of Business Administration (MBA) with the main reason being the return on investment (ROI) they get in terms of career opportunities. This business degree has been around for many years and continues to be a popular degree for those who aspire to work as business professionals. The Master’s of Business Administration provides an overall knowledge of all aspects of business. There are at least five good reasons to get this degree.
See our ranking of the Top 30 Best Executive MBA Online Programs.
1. Develop Valuable Managerial Skills
The managerial skills the student obtains is one of the best reasons an aspiring business professional should get this degree. This is particularly true of the Executive MBA. The Master’s of Business Administration degree only takes about two years to complete, but students gain and extensive amount of knowledge during that time. They learn to collect and interpret industry data; hire good employees; help the company maintain a positive image; develop hierarchies to keep the company profitable and know when to make tough decisions. Students also become aware of the newest management techniques and the latest issues in the business world both locally and internationally.
2. Access to Large Business Network
With the Internet such a large part of our world today, it’s important to not underestimate the importance of networking. A student earning this degree will find any excellent networking opportunities. The student will also have the opportunity to interact with other students, professors and other business leaders. Individuals who are working and earning the degree part-time may also find some lucrative internship opportunities through the company. Networking keeps the individual abreast of new changes in the business world and allows him or her to make connections globally. Several countries now offer English-taught MBAs.
3. Better Chance for Higher Wages
College graduates with MBAs generally earn higher salaries than those with a regular master’s degree whether they’re working in the U.S. or globally. In most cases, the workers with the Master’s of Business Administration earn twice as much as those who have a regular university degree. Although this degree can be expensive, it’s been said that most workers with MBAs recoup that money in two to three years. Those with an Executive MBA have the potential to earn even higher wages.
4. Ability to Start a Business
While some aspiring business professionals pursue high-level positions with successful businesses, others are more interested in starting their own businesses. MBAs teach students not just how to start a business but also how to become entrepreneurs and have a successful business. It also teaches current business owners ways to make their business more successful. Business owners learn advertising techniques to make their business more marketable. Individuals with MBAs who don’t start their own business are often hired in middle- or top-level managerial positions.
5. More Career Opportunities
Graduates of MBAs generally have a better chance of being hired for high-level management and leadership positions than those without the degree. According to Bloomberg, many of the largest companies in the world are constantly on the lookout for MBA graduates. More than half of the holders of this degree worldwide are either board directors or senior managers. This degree brings not just more job opportunities but will also open many doors to potential prestigious positions.
Regardless of what type of industry an individual wishes to work, there is always going to be managers and those in leadership positions. Harvard Business Review states that the M.B.A. degree prepares individuals for leadership jobs in the business world more than any other degree. This is one of the best reasons to earn either the Executive MBA or the regular Master’s in Business Administration.