Deciding to study for an online masters in business administration degree is a big decision to make. Aside from the costs involved, you’ll also need to dedicate a lot of time to completing your degree. However, an MBA can open up a whole range of options to graduates, especially if you study at a business school with a good reputation. In this article, we’re going to give you five persuading reasons to study for your MBA.
1. Learn Managerial Skills
A bachelor’s degree in business will prepare you for a job in the business world, but it won’t make you a good manager. Many graduates of a bachelor’s degree opt to get a few years’ experience before then enrolling on an MBA to gain managerial skills. On an MBA degree you’ll be forced to get out of your comfort zone and start taking risks. You’ll be expected to learn how to deal with issues, and how to employ the newest management techniques. Both skills are invaluable if you want to enter into a managerial position.
2. Earn a Higher Salary
Graduates of an MBA program online will find themselves demanding a much higher salary than bachelors of business graduates. Recent data suggests that MBA graduates will earn a minimum of $84,650 per year, and with figures like these, you’ll have paid for the cost of your degree in just two to three years. Before enrolling on a course, though, do take the time to consider which area you would like to specialize in. This could lead to an even higher salary.
3. Start Your Own Company
Many people choose to study for an MBA so that they have what it takes to start their own company from scratch. There is a lot involved in running a startup company, and in the early days you will be responsible for hiring team members, project managing, doing your accounts, and marketing your products or services. An MBA can give you the knowledge you need to succeed.
4. Meet New Business Associates
Many people make connections for life when studying for a degree, and your MBA is no different. Your fellow students will also be professional business people and you may be surprised by the amount of networking opportunities available to you. Instead of shying away and purely focusing on your studies, speak to your professors and lecturers and other students, and find out ways that you could help each other progress upon graduating.
5. Increased Job Security
Upon graduating from an MBA online, over 50% of graduates walk into senior positions. These positions do offer more responsibility and increased working hours, but they also come with increased job security and a higher wage. It is believed that over 96% of MBA graduates are employed, so the degree can certainly offer a level of stability, something that is important in today’s ever volatile job market.
If you were unsure about whether an MBA degree was the right option for you, hopefully these reasons to study one have persuaded you that it’s a great option.