Do you feel as though you’ve been making horizontal shifts in your career for years but can’t seem to climb the corporate ladder? This is a problem that is faced all too often by experienced career people and it usually goes back to what types of degrees they’ve earned.
Because of this, it is often advisable and helpful to earn a Master in Business Administration (MBA.) Regardless of the type of industry, you work in, holding this kind of degree will help you advance into higher-ranking positions.
We’re going to discuss exactly how and why obtaining an MBA will be useful for your career. Keep reading for more information!
Options for Obtaining an MBA
If you are already working in a full-time position or have a family (or both) you may be wondering how you’d be able to manage to add one more major role to your life. You may also be concerned about the cost of pursuing this degree.
Luckily, in the day of technology, you can find affordable online MBA programs. These programs will allow you to work at your own pace, taking as many classes as you want at a time or as few as possible in order to keep up with your daily life.
Because you work at your own pace, you can fulfil course requirements on your own schedule. There aren’t physical classes to attend yet you still get the same education as students who choose in-person classrooms. Additionally, because online programs are typically cheaper, you won’t have to deal with the high cost of student loans.
Of course, you can choose to attend a local college, however, you will be locked into certain class times that may not work for your schedule. You will also have to fight with commutes and the fact travelling for business will not be possible during school.
Advancing Your Career
In many aspects, holding a bachelor’s degree is becoming about as common as a high school diploma and won’t even allow you to get into mid-level management positions without years of experience. Holding an MBA will automatically put you into the running when your company is looking to promote people from within the organization.
Regardless of your industry, companies are always looking for personnel who have the credentials to advance. Aside from having the actual degree, it shows your bosses that you are willing to work hard to succeed and are committed to your advancement.
If you aren’t next in line for a promotion, having an MBA will make you a more attractive asset to your company; they will want to keep you around. Even without an immediate promotion, you will likely receive a raise to compensate you for your expertise and education.
An MBA also makes you a more desirable applicant should you be looking to change companies. You will find that you receive more calls for interviews in higher-paying positions than if you were to simply be searching for a job with your undergraduate degree.
In a nutshell, you increase your value to your company or any business that wishes to hire you!
A Working Knowledge of Business
If you already have an undergraduate degree in business, then you might have a decent foundation of how an organization works and the necessary career skills to help run it. If you don’t have a business-related degree, you might be relatively clueless.
Regardless of which of these facts is true, an MBA will teach you advanced skills in marketing, management, and other administrative roles. This allows you to be a more effective employee and eventual manager.
Having a deeper understanding of how a business runs will allow you to offer solutions that people with less education may not be capable of finding. This is possible because MBA programs offer you the chance to work on real-life business problems with the help of your professor and peers.
Breaking Away From Big Business
If you’ve always dreamed of working for yourself or owning your own business, an MBA will give you the background to do so. While starting, owning, and running your own business is no easy task, there are MBA programs that are designed to teach you to do exactly this.
It’s true that you don’t have to have a post-graduate degree to open and run your own company, but having advanced knowledge will help ensure your success. It also helps lessen the amount of stress that comes with starting a business because you learn the best decisions to make in the various situations that inevitably arise.
Additionally, obtaining your Masters in Business Administration teaches you the ins and outs of how to choose people to hire for your company. Aside from this fact, your classmates will be a wonderful way to network to find the best employees.
Every Industry Needs Knowledgeable Business Minds
No matter what industry you work in, the company you work for is still a business and needs business-minded people to contribute. Choosing to complete this advanced degree will mean that doors you never knew existed will open and a world of opportunity will be laid at your feet.
Additionally, completing an MBA program means that you will have unlimited access to professors who are typically well-connected in numerous fields. These professors often feel honoured when you return to ask questions or for ideas about a problem you can’t seem to solve.
Ultimately, choosing to pursue a Masters in Business Administration will make you a more attractive employee to companies you wish to work for and a valuable asset to your current team. The competition becomes stiffer as you climb the corporate ladder; having an MBA on your resume will ensure your success!