Leap Forward in Your Career with an MBA degree
Most degrees are obtained with the purpose of advancing your career prospects and job opportunities. The same is the case with an MBA degree; the only difference being that an MBA degree is considered as the most valuable post graduate degree in the world and has exciting career opportunities.
Many in the business world associate an MBA with reaching the pinnacle of success while others view it as more of a requirement to be taken seriously in the employment market of the business world. While both viewpoints certainly have their merits, neither encapsulates the true purpose of earning a Master's in Business Administration degree.
People take the MBA program in order to further their careers in their current jobs or to get a better job on the basis of their MBA degree.
Most MBA programs regardless of the major focus will provide you with training in basic business principle needed by any business manager including, corporate finance, economics, strategic planning, marketing, basic accounting, etc.
However, if you know which career field you are interested in, selecting a specific MBA focus will allow you to specialize and better prepare yourself for your career. This means you won't just learn the basis of corporate finance, but rather advance corporate, investment finance, financial accounting and financial markets which will make you much more marketable as a financial analyst or banker.
MBA Benefits - Advance Your Career
Whether you're a real estate agent, an ER doctor, an engineer, or an editor for your local newspaper, a graduate business degree can prepare you to move into a managerial position within your field.
Without a doubt, technical knowledge of current business practices is something that most MBA programs cover in-depth, and for good reason. Running a company isn't a matter to be taken lightly, especially with all the finite details that must be attended to by all levels of corporate management on a daily basis. Still, what many fail to consider is the importance of leadership curriculum and how it can shape the thought processes that allow many to effectively manage their enterprises.
Where you decide to pursue a general MBA or a specific specilization earning an MBA in any field is an excellent option - especially for students hoping to land excellent jobs once they graduate. Research indicates that individuals with an MBA tend to move up the promotion ladder much quicker than those without the degree. Not only that, but most employees possessing an MBA on average earn more than their lesser-educated contemporaries. These statistics should come as no surprise given the fact that MBA graduates are in high demand at multi-million dollar companies throughout the world.
MBA Benefits - Financial Value of an MBA
An MBA degree from one of the top business schools in America could set you back by up to $150,000. This is by no means a small amount and is indeed one of the largest investments that you are likely to make in your life. So it is necessary to evaluate the value of an MBA, strictly from a financial point of view as well. So you need to ascertain the return on investment on the amount that you are likely to incur in pursuing an MBA and see if it is financially valuable to you.
Calculate all the costs that are involved in pursuing an MBA, namely application fees, program fees, tuition costs, interest on any loans, cost of materials needed, travel costs related to training etc, test fees, and any other miscellaneous costs that you may incur. Once you have estimated the cost of your MBA, you need to assess the benefits of an MBA in terms of increased salaries, better wages, and more career opportunities to evaluate the monetary value of your MBA degree.
MBA Benefits - Self-Confidence
Even those who are not traditionally adept at dealing with others can gain a wealth of experience through an MBA degree program. In addition, self confidence for having completed a difficult course of study can provide a sense of achievement that will carry over into the workplace. Online MBA programs are especially proficient at instilling a sense of self discipline that consummates a better understanding of the inherent capabilities many never realize they have.
MBA Benefits - Leadership
An MBA does indeed look impressive on a resume, and by its very nature can open doors that otherwise wouldn't be available to be opened. More importantly, though, it can provide those in the business world a better understanding of what it takes to be a leader, a visionary and someone who can find success and opportunity where others have found failure and status quo.
Am I A Good MBA Candidate?
As the MBA is a very intense program, not to mention very expensive, schools are looking out for those applicants who come across as having prior knowledge about the program and are also clear about what they want from the program.
You must have a really solid and complete application file. List down all your qualifications and your work experience in a way that complements them. Do NOT leave any part of the application form blank.
If your MBA application is as good as it should be, then you may be short listed for the interviews. This is another critical aspect of the MBA admissions process and here the interviewer can physically determine how good a candidate you are for their MBA degree.
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