An MBA (Masters of Business Administration) has topped the ranks as the most popular postgraduate study in the U.S., according to the data from U.S. Department of Education. In 2011-2012, almost 200,000 people graduated from U.S. schools with advanced degrees related to business. However, many people who want to pursue an MBA know that pursuing this study is expensive and hard work. This is not to mention its high entry requirements. Still, why a lot of people opt for an MBA? Here are the top reasons why it is worth to start studying a master in business administration.
People with advanced degree in business earn much greater compensation compared to graduates with regular master qualifications. Of course, the rates may vary depending on the type of position you applied for, years of experience you have, and the location where you work. But on average, MBA graduates earn an average salary of approximately $60,000 to $120,000 annually.
An MBA can help you develop your career to its fullest potential. When you graduated holding an MBA degree, your qualifications become more valuable, which increases your chance of obtaining higher positions. Some of the popular career paths for MBA graduates are senior financial analyst, chief financial officer, investment banker, real estate or insurance finance manager, and managing consultant. In addition, MBA programs provide you with various trainings that allow you to interact with other MBA students and professionals with years of experience in the field. By getting access to a wider network, you’ll surely improve your business position and acquire the job that you wanted.
Skills and Knowledge
Getting an MBA also helps you improve your knowledge and skills, which are not only beneficial to your career development, but more importantly to your personal life. As mentioned, MBA programs provide you various training options, which give you access to a lot of relevant information in the business field. When you study MBA, you’ll understand better the different terms that are used in business and finance, such as balance sheets, accounts payable, debt consolidation, equity finance, and even the types of retirements plans that you didn’t understand very well in the past, such as IRA, 401k, and self-managed superannuation funds (if you live in Australia). Having great knowledge in the field may lead you to start your own business, become your own boss, and ultimately reach the financial-free life that you’re aiming for!
Those mentioned above should give you an idea of the exciting and great opportunities that await you by pursuing an MBA program. So what are you waiting for? Start searching what type of MBA program will fit with yourself and your lifestyle, and find out the requirements needed to finally begin developing your skills and career. If you think that you can’t attend a university because of your current schedule or other responsibilities but extremely love to pursue this course, don’t worry as there are many schools out there that offer MBA online courses.…