7 Benefits of Getting an MBA

Is it really worth your time and your money to get a Master of Business Administration? MBAs are one of the most revered postgraduate degrees on the planet. But the sky-rocketing cost of tuition, along with well-publicized success stories of young entrepreneurs who do not hold MBAs, has inspired a great deal of debate regarding the value of an MBA. Taking into account the time and financial commitment getting an MBA requires, as well as the unpredictability of the 21st century job market, there are still several solid benefits to having an MBA. And with the convenience of online universities today such as: Ashford University, Saint Leo University, University of Phoenix, Post University, Everest University, Colorado State University, it seems a little more tempting. Here are seven more to consider.

  1. Comprehensive education:

    MBA programs provide students with a broad, comprehensive knowledge of all areas of business, including sales, finance, and marketing, and business-related skills such as leadership, public speaking, and project management. If you choose to pursue a specialized MBA degree, say one that is focused on investing, an MBA program will address all of the components that make up your specialized area of study.

  2. Quick payback:

    While there are of course no guarantees when it comes to getting a job after completing a degree, Forbes magazine reports that the investment in an MBA degree at one of the top 50 business schools, including tuition and lost salary, is typically recouped within 3 ½ years. Despite the recession, there is still a high demand and high-paying jobs available for graduates with a traditional two-year MBA in today’s job market.

  3. Universal skill set:

    The skill set you gain from an MBA program can be applied in not just a few, but many areas of business. Those skills include leadership, risk management, interpersonal and public speaking, time and project management, and many others none of which will be obsolete a few years into the future.

  4. Career advancement:

    Many organizations, especially large, traditional companies, look for and sometimes require potential or existing employees have an MBA before being hired or promoted. Although recruiters will consider the entirety of your resume, and some may prefer to see some prior professional experience before hiring you, having an MBA shows that you are an applicant who is serious about your career goals.

  5. Networking:

    Historically, networking has been seen as the No. 1 benefit of any MBA program, the rationale being that if you are put into a pool of similarly ambitious and intelligent students, all of whom are committed to achieving a significant degree of success in the world of business, you will make several valuable connections as a result. While pursuing an MBA, you are likely to get job leads and meet potential future business partners from and among your fellow students.

  6. Leadership skills:

    Those with an MBA education are especially suited for leadership roles in the world of business. The leadership and management skills and philosophies you learn in an MBA program, as well as the experience you gain by leading study groups and classroom discussions, are applicable in any leadership or executive role.

  7. It will change your life:

    Most people choose to pursue an MBA in order to transition into a new, more challenging and personally fulfilling career. Getting your MBA is not a step you take lightly. It may be helpful to search out interviews with MBA graduates to see if you share similar values and goals. The demands such a program will make on your time, intellect, and yes, finances, almost guarantees that getting an MBA will be a life-changing experience, hopefully for the better.