If you already have a bachelor’s degree in business administration and you’re interested in expanding your job opportunities, raising your salary and advancing your career in the business world, you may have wondered whether enrolling in an MBA program would be a good move for you. An MBA, or Master of Business Administration degree, is a prestigious degree that can confer financial and professional benefits on its holders for decades to come. Whether you’re interested in strengthening your managerial skills or learning more about areas of business outside of your own specialty, such as marketing, accounting, information technology or finance, an MBA could provide a wealth of knowledge that could prove useful for years to come. If you’re still on the fence about whether getting an MBA is right for you, here are a few key facts that can help you decide whether you should enroll.
1. You Learn Key Skills and Business Competencies
No matter your industry or specialization, one of the biggest online MBA benefits is that it can give you important critical thinking skills and business competencies that will serve you well in any sector. Whether you need to learn more about project management or strengthen your organizational leadership skills, you’ll emerge from your MBA program a better and more well-rounded businessperson. Additionally, some programs allow you to tailor your coursework to your areas of interest. You may be able to specialize in emerging roles such as technology or energy management, for instance, especially in cross-disciplinary programs that are becoming increasingly popular today.
2. You Can Differentiate Yourself
In the business world, having a bachelor’s degree is often the minimum entry requirement for prestigious jobs and might not set you apart from the competition. Having an MBA, however, demonstrates your level of knowledge and commitment and can really help you stand out to potential employers. This is especially true if you get a concentration tailored to your industry of interest. Depending on the program you choose, you may be able to specialize in everything from construction management and supply chain management to finance and strategic leadership. Of course, if you’re unsure which field you’d most like to pursue, a general MBA will give you a taste of everything.
3. You’ll Increase Your Earning Potential
Finally, perhaps one of the best perks of completing an MBA is that you can usually expect to greatly increase your earning potential. In fact, by some estimates, MBA graduates can earn on average $30,000 to $50,000 a year more than individuals with just a bachelor’s in business administration. You’ll also be eligible for a wider array of high-paying jobs, including C-suite executive positions and managerial roles.
In the business world, an MBA can help increase your job prospects, act as leverage for raising your salary or getting that promotion you’ve been looking for, add trustworthiness and prestige to your resume and increase your depth of knowledge. If you’re thinking about enrolling in an MBA to help give your career a boost, keep these key facts in mind and you can feel confident making the right choice for your professional life.