In an increasingly competitive workforce, degree candidates must consider how they can make themselves more attractive to prospective employers. Gone are the days when a university degree virtually guaranteed a steady job with a solid income.
Postgraduate degrees have always been a popular choice for people considering how to increase their earning potential and career opportunities. Of all the postgraduate options, a Master of Business Administration (MBA) in Management has a well-earned reputation as a forerunner when it comes to helping candidates secure steady and lucrative employment.
So, what can an MBA do for you?
A Higher Salary
An above-average salary is just one of the many perks students who earn an MBA in Management can look forward to. While the average median salary for a graduate with a liberal arts degree is $36,237 and a business degree is $49,035, those with an MBA can expect to earn a starting paycheck of $95,000 — almost 100 percent more than a graduate with only a business undergraduate degree.
Solid Job Prospects
Of course, a generous starting salary means little if jobs in your field are hard to find. Difficulty finding employment, however, is generally not an issue for those with an MBA in Management. Data from a study done by the Graduate Management Admission Council (GMAC) in 2013 shows that graduates from MBA programs enjoyed an unparalleled 95 percent employment rate. Furthermore, an MBA graduate’s hiring appeal does not show any signs of abating. A 2015 survey by GMAC of 179 employers worldwide shows that 85 percent of employers plan to continue hiring MBA graduates.
The above-average salary and enticing job prospects are important to keep in mind when considering whether to pursue an MBA in Management through an online MBA program. While investing in an MBA can seem like a significant expense, it can also be an unbeatable investment in your future. In a 2012 GMAC Alumni Perspectives Survey (which was based on the opinions of 4,135 MBA alumni), MBA graduates stated that within the first year after graduating they had recouped one-third of the financial cost of their degree. They also reported that they recouped 100 percent of their investment within four years. Even more impressive is that many stated that they had doubled the return on their schooling investment within 10 years.
Ongoing Networking Opportunities
MBA graduates also enjoy unprecedented networking opportunities that last a lifetime. MBAs generally attract leadership-oriented individuals who will go on to work for successful companies. The educational environment is also home to world-class professors and professionals who engage with students on a regular basis and can be valuable resources during a future job search.
A Well-Rounded Skill Set
MBAs appeal to a wide array of students from a variety of fields and educational backgrounds. This diverse amalgamation of people and abilities creates a unique learning environment that focuses on providing students with top-notch analytical, managerial, networking, research and leadership skills to prepare them for a wide range of job opportunities. This finely honed and multifaceted skill set gives graduates greater potential for career opportunities and advancement.
Investing In Your Future
As MBA programs often attract skilled individuals who already have experience in the workforce, an online MBA program can be especially attractive to those who would otherwise find it difficult to balance a job or family obligations while pursuing a degree.
An MBA in Management earned through an online MBA program is a solid choice if you are looking to maximize your chances of forging a successful, remunerative career in an increasingly insecure marketplace.
Learn more about the Southeastern Oklahoma State University online MBA in Management program.
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