Whether you want to start your own business or climb the corporate ladder at another, you can benefit from obtaining a Master’s of Business Administration (MBA). An MBA demonstrates that you have completed a graduate-level education in business administration and learned valuable skills that can greatly assist you on your path.
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The curriculum of an MBA program will cover:
- Accounting, marketing, finance, statistics and other important facets of the business world
- Advanced global economics
- Business leadership and organization
- Team projects that help you learn about diversity and communication in a global business environment
- Elective courses that will develop the skills you’ve already learned about business administration
How Getting an MBA Can Benefit Your Life and Career
Some career paths require an MBA, and others do not. However, this doesn’t mean that you wouldn’t almost always benefit from furthering your education. An MBA can enrich your life on a variety of levels and fuel your progress toward the dream career you’ve been hoping for.
- You’ll Develop an Extensive and Beneficial Network
While working toward your MBA, everyone you interact with will have a passion for the business world. Every colleague, professor, guest speaker, and staff member you meet will bring unique and valuable experience to the table. It’s amazing to surround yourself with brilliant minds, and aside from it being likely that you’ll make some great friends, you’ll also develop a network that can provide you with insight and opportunities in the future.
- You’ll Expand Your World
Studying for an MBA will provide an education on the global economy and how it relates to the small economies you manage in your own business world. This knowledge provides enrichment that can help you in growing your network, especially if you take advantage of the multi-cultural student population found at most prestigious business schools. A colleague from Russia will have different perspectives that one from Africa. These perspectives will make you a more well-rounded and wise person, which will help in future career decisions.
- You’ll Develop Confidence and Poise
The MBA program will involve a lot of opportunities for public speaking. Its importance should be obvious when you consider that everyone from hospital administrators to CEOs need to give presentations. If you don’t learn to speak with confidence, it will hold you back in your field. This isn’t to say that every MBA student comes out of the program a slick public speaker, but if you put your mind to it and take advantage of the opportunities before you, it will strengthen your chances of a great life in the future.
- You’ll Earn More Money
Those who get an MBA can end up earning twice as much as those that do not. Even other types of Master’s degrees don’t earn what MBA graduates can. It takes drive and determination to succeed in this world, but with an MBA to back up your advertised skills, employers will be more confident in giving you the high salary you deserve.
- You’ll Be Inspired to Continue Educating Yourself
If you’re living and breathing, you’re still learning and growing. There’s no reason you have to consider your education complete when you finish your MBA. If research is something you enjoy, you might want to continue working toward a Doctorate of Business Administration (DBA), the highest degree you can earn. With a DBA, you’ll be focusing on research that can improve things for everyone in the field.
You could also use your new increased income to go back to school part-time for something else that interests you. The sky is the limit when it comes to education. If you’ve come this far, you can do anything you dream of.
Do You Need an MBA for Your Chosen Career?
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If marketing interests you, an MBA should too. Marketing is a competitive field, and having an MBA can help you get a better position as a marketing director or manager.
If you’ve always been good with money, a career in finance might be perfect for you. Not only will an MBA sharpen your resume and help you reach your goals in the industry, but the process of achieving your MBA will also help you develop a strong network of finance experts, business leaders, and other members of your community.
If you want to make the most money in this field, you’ll want to work in software development. Developers with an MBA can make an impressive six figures a year, especially in managerial positions.
If your dreams about your role in the business world involve taking it to the top, an MBA should be considered a major step in the process. Being skilled in conducting business with people from all around the world will help you stand out among colleagues. Your MBA training will expose you to a global community of intelligent, educated people who can grow your network and provide value that only comes from working with others who are skilled and passionate about what they do.
Maybe your dream is to help people rather than start a global brand. Hospital administrators work hard to keep medical centers organized, thriving, and capable of helping as many people as possible. Doing good in the community doesn’t mean sacrificing a paycheck, however. Hospital administration, which requires an MBA, can offer salaries of up to $237,000 a year.