If you are on the fence about going back to school to get your master’s degree, you may want to consider the benefits of online MBA programs. There is no better time to advance your education in today’s excelling business world. Here are some of the top reasons why an MBA degree could make your future brighter.
Higher salary
The MBA is one of the highest paying master’s degrees. On average, MBA graduates’ salaries range from $70,000 to $120,000 annually. Potentially, an MBA program could have you earning twice as much as you would with a bachelor’s degree. The money you invest in your education is well worth the benefits, and your future salary could more than compensate for your initial tuition investment.
Increased career opportunities
For students who go to a business school, securing a good job after graduation is a top priority. Employers are actively seeking graduates with advanced knowledge to fill high-level managerial positions. Not only can earning an MBA be a great way to fill a new jobs, but it can also act as a gateway to career advancement. Online MBAs are becoming increasingly popular among working individuals who are focusing on advancing in their career. The flexibility of online MBA programs allows students to balance their work schedule and their classes simultaneously.
Better understanding
An MBA program can give you a more intricate understanding of how each working part of a business comes together and completes the picture of a successful company. Classes prepare you for accounting, budgeting and other useful financial skills. With your education, you could launch a startup in a high-growth industry or enter the growing market of data analytics and information management. With a variety of specializations to choose from, your career choices are almost limitless.
Networking opportunities
Networking is another one of the great benefits of an MBA. Your opportunity to interact with professors, colleagues and professionals in business school is like no other. Teamwork is emphasized, and you may develop important relationships that could be beneficial to your business career. Internships can help pair you with potential employers. The school you choose may also connect you with alumni networks. Networking is a useful tool for mentoring, looking for jobs and developing professional contacts.
Lower unemployment rate
The Bureau of Labor and Statistics reports that the unemployment rate for those who earned a master’s degree was 2.8 percent in 2014, compared to 5 percent for all workers. The higher the education attained, the lower the unemployment rate. Over the span of the next few years, the job market for MBAs is expected to continue to grow even more. These are just a few of the many benefits of an MBA. An advanced education can help you excel to heights unknown in the business world.
Sources:
http://poetsandquants.com/2013/11/18/mba-employment-a-whopping-95/
http://poetsandquants.com/2015/01/07/2015-mba-hiring-expected-to-grow/
