This may seem like an overwhelming prospect: you need a wide variety of MBA courses. Moreover, when and if you decide on a program, they uniformly involve a significant investment: they can cost between 60 and 160,000 USD, and that is before you take into account the time and energy required for a two-year program on average.
You might be wondering if it’s really worth it?
Management Jobs
When it comes to jobs for MBA graduates, most people think of management jobs. According to the BLS, management careers offer the highest median salary, earning $102,450 as of May 2021.
In addition to CEO careers, MBA graduates can also work as project managers. And while some companies hire project managers without an MBA, the degree can mean more responsibility and a higher salary. Other management careers include executive management, director roles, and nonprofit management.
What can you accomplish with an MBA, besides climbing the corporate ladder?
While most pursue a Masters in Business Administration with the goal of getting a promotion, getting into a leadership role, getting into the C suite or just to qualify for a job dreams in a dream company, can prepare an MBA. with you also for other experiences.
Many MBA candidates want to become entrepreneurs. The curriculum of an undergraduate business program can provide a solid foundation for planning, starting, operating, and growing a successful, sustainable business.
Risk Management:
Every business has risks, but MBA programs will teach you how to take risks most effectively to limit decline.
It will prepare you with analytical skills and training to seize quality opportunities.
While some programs last two years, there are accelerated options to be completed in one year. Also, online school programs like People’s University only allow you to take one course per semester if you want to study part-time while you work. If you can complete the program full-time, you can complete it in six terms or a little over a year.
What kind of job opportunities will an MBA prepare me for?
There are jobs suitable for MBA degrees in all industries and in different fields. The specializations you choose will largely determine the type of MBA career you embark on. However, since many MBA skills are applicable to a wide range of jobs, your career is not set in stone. For example, you might complete an MBA in information systems, but over time you’ll find that your skills are better suited to business operations. Ultimately, as an MBA graduate, you will have the most suitable job as a manager, director, or executive.
It really depends on the career. While a bachelor’s degree is sufficient for most entry-level positions, an advanced degree will be more appropriate for certain analyst and consultant positions. Although management positions are generally not considered “entry level”, an advanced degree and previous work experience can help you get hired for a mid-level management position or other supervisory role.