What Are the Benefits of Earning a MBA Degree?
Whether you're just starting out in the business world or you're a seasoned professional, earning an MBA (Master of Business Administration) degree could offer several advantages. Not only could you develop the analytical and decision-making tools that are useful in the business world, but you'll probably also experience greater job security and expand your career prospects.
Overview of the Benefits of an MBA Degree
An MBA degree can pave the way toward success in business. If you're interested in a particular area of the business world, you could even tailor your program to those interests, thus making yourself more marketable in a specific arena.
Important Facts About MBA Degrees
|Online Availability||Fully available|
|Concentrations||Marketing, non-profit management|
|Possible Careers||Administrative services director, financial manager, top executive|
|Median Salary (2018)||$127,990 (for financial managers)*|
|Job Outlook (2016-2026)||19% growth (for financial managers)*|
Source:*U.S. Bureau of Labor Statistics
Your potential salary as an MBA degree-holder has a good chance of outperforming the average U.S. household income; in June 2019, PayScale.com reported that MBA holders earned a median of $86,000 annually.
Potentially Lower Unemployment
You may have increased opportunities to qualify for employment if you have earned an MBA degree. The education you receive in an MBA program is something that many employers appreciate and reward with job offers.
Career Advancement Opportunities
Even if you already work in the business field, having an MBA degree can make you a more qualified candidate for promotion. This is because an MBA program is designed to provide you with the skills you will need for upper-management or executive positions. If you haven't yet entered the business world, holding an MBA degree can mean earning promotions faster than colleagues who don't hold one of these advanced degrees.