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Apr-18th-2015

The Benefits of an MBA

mba_networking_0Business degrees are popular among undergraduate students, making the Master of Business Administration (MBA) degree also attractive. Business degrees offer scores of job opportunities, from small business owners to corporate executives. As students transition into working professionals they often begin to find a niche and a career direction becomes clearer. Contemplation about a return to college to earn a graduate degree often ensues. Professionals question “Am I ready to commit my free time to studies?” and “Will the rewards be worth it?”

More often than not, thoughts of graduate school are brushed aside as professionals devote long hours and attention to the corporate ladder ascent. Furthermore, many professionals are already burdened with student loan debts, and need to pay off bachelor degree loans before entertaining the expenses of a graduate degree. However, entrepreneurs should not discard thoughts of furthering education altogether. Many corporations offer tuition reimbursement plans that facilitate the completion of a graduate degree. In addition, there are a number of benefits gained by increasing knowledge and skill sets, beyond that of obvious monetary factors, and larger numbers of older adults are now enrolling in higher education.

While cost and commitment are major factors, business professionals should weigh the following potential benefits of an MBA.

Means to a better lifestyle and salary

Stating the obvious, it goes without saying that professionals with master’s degrees typically earn higher salaries, including higher beginning salaries, than counterparts with lesser degrees. If your lifestyle dictates a higher than average salary, then you might benefit from an MBA.

Means to a job promotion

A master’s degree gives you both an edge over coworkers with lesser degrees and the necessary credentials to obtain higher level positions in the corporate environment.

Means to update old skills, gain new technological tools

Have you exhausted your skill sets or are they outdated? Professionals tied to old habits often fail to adopt new technologies, and watch idly as recent graduates with increased skill sets bypass them. Graduate school is a great teacher of technology, and a refresher for long forgotten skill sets.

Means to learn new business ideas and innovative concepts

Are you fresh out of ideas? Innovative classroom projects and new business models can often be transferred into the workplace – a prospective profit generating revenue, especially during periods of slow economic growth.

Means to change career paths and/or specialize

Have you reached a plateau with no foreseeable direction? Specializations, combined with work experience, often allow professionals to change directions without beginning from the bottom again. A wide range of possible MBA concentrations include: public or business administration, project management, international business, public relations, human resources, marketing, leadership, healthcare management, criminal justice, accounting, healthcare management, information technology, and finance.

Means to connect and grow business relationships

Think of graduate school as a prospective business investment. Graduate school brings together professionals from many different backgrounds. Who knows? Maybe a new joint venture awaits.

Means to expand geographical career opportunities, at home and abroad

Are your physical boundaries limited in your current position? Do you desire to relocate to another state or country? An MBA provides an added boost to a resume when beginning to search for jobs in locations where you lack personal connections. Furthermore, universities offer career resources and usually maintain international connections.

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