If you’ve transitioned to the civilian workforce and looking to take on more managerial positions, chances are you’ve considered earning your Master of Business Administration (MBA) degree. While you may have heard about some of the benefits of having this degree, many managers achieve their positions without it. Does having an MBA actually give you an advantage? And what can you do with it? Here are some of the top reasons why you should get your MBA:
A Career Boost
An MBA shows employers that you’re ready to take on managerial positions, even if you don’t have a ton of experience. It takes a lot longer for those who don’t have this degree to obtain the proper expertise. Earning your MBA not only allows you to work while you study and provides workplace opportunities you may otherwise not have access to; it can also get you into higher-level, higher-paying positions faster than your peers.
Ideal for Busy Schedules
One of the biggest concerns with going back to school is how your time in the classroom will balance with your work and family schedule. MBAs are some of the most manageable degrees to fit into an impacted schedule. They often offer part-time enrollment—allowing you to gain job experience while you enhance your managerial skills—and are also known for their virtual programs. Online MBAs are not only cheaper than earning your degree in person but allow you to earn your degree at your own pace on your schedule.
Develop Your Interests
MBAs have specialties that allow you to learn precisely what you need for your desired field. While there is a “general management” concentration, you can also specialize in international business, operations management, marketing, human resources and even entrepreneurship. These specialties will allow you to enter your desired field, earning a higher salary sooner than someone without one. MBAs are also a great opportunity to explore different specialties and discover which one is right for you.
Work Anywhere
Management positions exist in virtually every industry in the working world. This means you can take your MBA to just about any town, state or country in the world and find a job. It’s a great asset to have, especially when it comes to looking for new work in new locations. MBAs are also highly transferrable into business ownership or entrepreneurial opportunities, giving you a leg up if you decide to pivot into the “work for yourself” career model.
Expand Your Network
Your MBA peers offer a whole new network of professionals across industries and expertise that may help you in the future. From study partners to future business partners, the people you meet through your MBA program can provide you with an advantage in your chosen industry, a diverse perspective in the business world or even help you with a job referral after graduation.
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