The Benefits of an MBA: Is it Right for You?

The Benefits of an MBA: Is it Right for You?

Academic pressure is not just that nagging feeling you had in high school that a paper was due. It is also the stress you put on yourself to choose postsecondary education or not. For some people, getting through high school was hard enough; for others, earning a Bachelor of Arts degree only makes them thirsty for more--like a master's degree in business--but is an MBA the right move for you?

Advice you should Freely Ignore

High school guidance counselors are famous for constantly reminding juniors and seniors about the importance of education. Choose the right school, pick the perfect field, work hard. That is a lot of academic pressure that by and large should be wholly ignored. Consider this recent tidbit from CNN Money:

"By the time you are 32, you will job hop four times."

The old model of one job until retirement has vanished. Ignore advice about job opportunities from any source more than two decades old. Business simply does not work the way it did in your grandmother’s—or even your mother’s—day. Entrepreneurship, small business, and online entities are all on the rise.

Does an MBA Really Help?

An advanced degree of any kind is an economic boost and a way to help you rise above the competition. The U.S. Census Bureau reports that only 12 percent of Americans 25 and older hold advanced degrees (Master’s, Doctorate, or professional). This means your MBA immediately puts you in the top 12 percent of job seekers. An employer notices the effort and academic rigor you exerted to earn the MBA.

Not all jobs require an MBA, and here you need to have a sense of your goals and interests before pursuing higher education. Fortune magazine recently noted that only one percent of job postings at Monster.com required an MBA. So, no, you are not required to have an MBA, and many entrepreneurs have succeeded without the degree. Not everyone, of course, is an entrepreneur.

An MBA is specifically tailored to the business world. Your chosen path, not degree attainment, should drive your decision. MBAs are especially useful in:

  • Customer Relationship Management
  • Entrepreneurship
  • Financial Services
  • Healthcare Services
  • Information Technology
  • Logistics
  • Operations
  • Project Management
  • Production and Warehouse Management
  • Risk Management
  • Sales and Marketing

Is an MBA Worth the Money?

What is the cost of an MBA against its real and perceived benefit? Here you have to study matters carefully. Each school offering an MBA will charge differently. Should you pursue a brick-and-mortar program, with regularly scheduled classes? A hybrid of online and in-person classes? What expenses will you face for lab fees, campus activities, and other unexpected costs?

The return on your investment in an MBA depends on which field you plan to enter upon completion, or while earning the degree.

ECPI University Offers a Masters in Business Administration (MBA)

The 100% online Master of Business Administration offered by ECPI University is among the fastest, most convenient ways to earn this valuable degree. Commit to yourself and a strong future by contacting ECPI University today to learn when you can start on your path to a brighter, more rewarding future with an MBA on your résumé. It could be the Best Decision You Ever Make!

Learn more about ECPI's College of Business TODAY!

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