5 Benefits of Getting an MBA
There could be any number of things holding you back from pursuing an MBA. After four years in an undergrad program you might want a break. Or you may not want to go into further debt with so many student loans already on your plate. Perhaps you just want to gain some work experience while you consider whether or not an MBA program is worth the time and expense. Before you make a decision one way or another, however, you should consider the many benefits associated with earning a master’s of business administration.
- Learn how to Manage a Business
Whether you have an undergraduate degree in business or you opted for a different major, you may find it useful to learn how to manage a business. This is especially true if you plan to own and operate your own company one day. The knowledge and skills you obtain during your time in an MBA program can be exceedingly useful in any professional undertaking, even if you’re managing a business for someone else or working in a non-managerial role.
- Improve Hiring Appeal
A bachelor’s degree in business will definitely increase your appeal to prospective employers. For that matter, a bachelor’s degree in almost any field proves that you possess a certain level of academic prowess, as well as a proven ability to set and accomplish personal and professional goals. Earning an MBA can take you to the next level, showing prospective employers that you’re not only qualified to work in business, but that you are a better potential employee than other candidates that only have a bachelor’s degree. In short, an MBA can give you an edge over competitors when it comes to seeking gainful employment.
- Start in a Higher Position
Even with a bachelor’s degree you may have to start in entry-level positions and work your way up within a company. Don’t complain – without an undergrad degree you might not even get a foot in the door! That said, a higher degree will almost certainly allow you to start at a higher level. You probably won’t get a VP or executive position, but you could start in a management position rather than as an assistant or another low-level position.
- Advance More Quickly
Although an MBA won’t necessarily put you at the top of the food chain within a corporate organization, you’ll not only start at a higher level than the average candidate with a bachelor’s degree, but you’ll probably have the opportunity to advance more quickly as you gain the experience needed to bolster your educational background.
- Increase Earnings Potential
You’ll certainly spend some money completing your MBA program, whether you attend the University of San Francisco or Harvard Business School, but there will be an attendant payoff. Your additional education not only means you can start in a higher position, earning more money right off the bat, but because of the particular degree you hold you could actually start at a higher salary than the average hire for the same position, depending on the type of job you’re hired for. You’ll certainly have the leverage needed to negotiate for the higher end of a salary range for any given position.