Is the MBA an Investment that Pays Off?
A Master's of Business Administration degree requires preparation, planning, and maybe a little bit of prayer (if that's your thing). With hard work and dedication, the MBA student can become an MBA graduate—now what? Will those years of studying pay off?
The Value of an MBA Degree Program
As with anything worthwhile in life, what you get from an MBA program depends largely on what you give to it. If in your undergraduate work you were more inclined to treat Thursday as the beginning of the weekend, and skip your 8:00 a.m. Monday class, you may not get much out of an MBA experience. Other candidates with more determination will not stand by and allow you to sabotage group projects, for example. An MBA is a competitive process, from the application to the coursework and beyond.
If you give your best effort—even allowing for adult distractions like a current job, children, a spouse, or volunteer work—and you are curious, flexible, and open-minded, you can learn a tremendous amount in 15 months through an online MBA.
ROI: Master's of Business Administration Degree
As a business administration major, you'll learn acronyms like "ROI," or "Return on Investment." Much like "the bottom line," this describes the payoff, the net result, the big finale. As you embark on your journey to an MBA, you will be challenged to broaden your horizons and expand your skillsets. Expect to learn new concepts, methodologies, and "soft skills" (social skills, emotional maturity, negotiation tactics, mediation, presentation, etc). You may have to collaborate with individuals you don't particularly like (or who don't like you) and determine how to reach a constructive strategy for working together.
You may discover what you're made of, and how much you're willing to fight for something you want.
Practical skills, critical thinking, and problem solving will serve you well in this field, as well some technical savvy. You could call these "hard skills," and include programming, spreadsheets, cost analysis, and more.
An MBA is not easy to earn, but in the right hands could yield impressive ROI. Investing time and money in your degree is your first business lesson!
Do you think an MBA is the right choice for you? If you're ready to take the next step in earning your Masters of Business Administration degree, don't hesitate to contact an ECPI University admissions advisor. Looking for more information? Download our MBA whitepaper, Is an MBA Worth It?
It could be the Best Decision You Ever Make!
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