Why Should I Earn a MBA Degree?

A Master of Business Administration (MBA) can indicate your proficiency in various areas of business and management. Keep reading to learn how earning an MBA could lead to better career opportunities and higher pay. Schools offering Business degrees can also be found in these popular choices.

Earning an MBA

An MBA is awarded upon completion of a graduate program in business. Traditional MBA programs take approximately two years to complete; however, some schools feature accelerated or executive programs that can be completed in as little as a year. Several schools also offer their MBA programs on a part-time basis, which could extend the time required to complete your degree.

Most MBA programs allow students to choose an area of specialization, such as corporate finance or international business. MBA programs typically require incoming students to hold a bachelor's degree, though it might not have to be in business.

Important Facts About MBA Degrees

Prerequisites Undergraduate degree; certain programs may require prerequisite courses
Common Courses Marketing, accounting, leadership, global economics
Online Availability Fully online
Continuing Education DBA (Doctor of Business Administration) or Ph.D. in Business Administration

Better Career Opportunities

If you're looking to advance in your current business career or hoping to transition into a top-tier business job from another field, earning an MBA could bolster your opportunities. The U.S. Bureau of Labor Statistics notes that while several upper-level business careers are open to workers with only a bachelor's degree, employers often seek to fill these jobs with candidates who hold an MBA. This includes top executive positions, such as chief financial officer, chief information officer and chief operating officer, as well as jobs like the following:

  • Budget analyst
  • Financial manager
  • Management analyst
  • Medical and health services manager

Higher Salaries

Earning a master's degree in business administration also could raise your earning potential. According to the Graduate Management Admission Council's 2013 Corporate Recruiters Survey, recent MBA graduates in the U.S. made significantly more than recent graduates with only a bachelor's degree in business. MBA holders also earned a higher median starting salary than graduates of master's programs in related fields like management and finance.

DegreeMedian Starting Salary (2013)
Master of Business Administration$95,000*
Master in Management$75,000*
Master of Finance$73,000*
Master of Accounting$60,000*
Bachelor's Degree in Business$52,000*

Source: *Graduate Management Admission Council

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • American University

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    Popular programs at American University:

    • Master

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  • Seton Hall University

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  • Purdue University Global

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    Popular programs at Purdue University Global:

    • Master

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  • Regent University

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  • Grand Canyon University

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  • Saint Leo University

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  • Capella University

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  • Keiser University

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  • Southern New Hampshire University

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