Career Advice

Is an MBA of Value For Your Career?

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Obtaining an MBA is becoming increasingly popular these days. And it makes sense. an MBA can fast-track many people to a coveted position more quickly than without. Many companies won’t even consider a potential employee if he or she hasn’t attained this degree That’s why, if you’re a business major or hope to get into the world of management someday, you must at least consider getting one. It could serve you very well in the long run.

That said, the cost of an MBA has also risen too. With more businesses requiring an MBA and more students out to get one, the cost is slowly but surely going up. If you prefer on-campus classes to online learning. then you can expect to pay upwards of at least 150,000 or more, especially if you want to attend an elite school. So, here are a few things to think about.

Online Options

More people are choosing to do their education online these days. It’s a bit more flexible and it will cut down on some of the costs. You can spend more time with your family. You also don’t have to move to another location. Moving on-campus can be stressful by itself, so that can be a huge plus. Distance learning can help to take care of the stress, but not all employers will look favorably on this type of degree. Consider the fields and positions you envision yourself in and do the research to see what’s valuable.

Costs

Online learning can cut down on costs in some respects but add to your wallet in others. Some students spend upwards of $100,000 or more on online learning. So one way to go is to look for the cheapest of schools. But this can also come at a price too, as usually the better a school is, the more it costs.

Accreditation

Make sure (before you apply to a school) that they’ll offer the necessary credits that you need. Some schools will say they have the credits to transfer anywhere, but for some of the cheaper schools, this is a lie. Plus, if you do go to that school and finish there, they might not have the most credible reputation to stand up to in the job market. You always need to think about what’s going to happen after you graduate, or if you have to transfer.

Obtaining an MBA is becoming increasingly popular these days. And it makes sense. an MBA can fast-track many people to a coveted position more quickly than without.Click To Tweet

Bang for Your Buck

Many schools now offer joint or dual degrees with business. For instance, a law degree and business degree is becoming very popular. Other options include MD/MBA, Journalism/MBA, International Relations/MBA, etc. These often come at little to no extra cost, due to the flexibility of the curricula and nature of the required courses. For more information on dual degrees like this, check out http://www.thebestcolleges.org.

The Top Schools

Some of the best-value schools to get an MBA include the University of Iowa, the University of Massachusetts, the University of Florida, and Arizona State University. All of these schools rank in the top ten. Before you make your choice do research and find out how reputable they are for you.

That’s the most important thing to keep in mind about this journey. Is the school going to work for you? Many choose based on the reputation of the school and how it fits into the world image, like “the University of Florida is one of the top ten ranked schools therefore, it must be the best school for me.” Before you go off on that train of thought, figure out how it fits into your plans. If your plans and the school’s abilities don’t match up, you need to keep looking.

Preferred Niche Or Specialization

If you already have a specialization or niche you want to pursue, getting an MBA can help you step up your career and be more prepared in taking on managerial and executive roles. For instance, if you want to get a job in biomedical engineering companies that are considered as best employers, you can use your MBA degree to land a higher position, such as a biomedical engineer manager, because you will be equipped with the knowledge and tools to effectively lead a team.  

A certified public accountant (CPA) who earned an MBA degree can work as a chief financial officer, management consultant, or financial controller. Economics MBA can lead you to become a financial analyst, market research consultant, or business manager. In addition, MBA enables lawyers to provide better legal advice to clients, particularly senior management and boards, with a more business perspective and commercial context.

In some cases, MBA can also be a jump-off point to explore and slowly shift to another industry.  The majority of MBA programs have a curriculum that applies to most of the industries nowadays. Thus, making you more flexible and versatile as a manager. 

Takeaway

MBA is a value for your career because of many good reasons. Besides getting exciting job offers with a higher salary package, you can get great professional exposure and expand your connections to help future-proof your career. 

Just make sure to take MBA from a reputable school by checking its accreditation and whether the school also specializes in your preferred niche or specialization. There are many options to study MBA nowadays. Whether online or onsite, you can find one that will be most convenient for you. Landing your dream job makes it even more possible with an MBA degree.

A Guide To Doing An MBA: Learn What You Gain From An MBA Program
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07/25/2022 03:14 am GMT

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