Successfully completing a Master of Business Administration (MBA) is a big accomplishment that enriches your career and gets you ready for the next step in life. Not only will it prepare you for the global marketplace, but it will give you a leg up against competition during economic downturns. Here are eight reasons why getting an MBA is one of the best decisions you will ever make.
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You could advance in your career
An MBA will allow you more flexibility while you strive for greater things, whether that be a promotion or a new career. Many people even pursue an online MBA program while working a full?-time job, allowing them to gain experience while getting their degree.
According to the Graduate Management Admission Council (GMAC), the median annual salary for MBA degree?holders was $100,000.
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You could get paid training from your employer
The marketplace is continually evolving, and businesses want to keep their staff on the cutting edge of the industry. As a company grows and employees inevitably leave, they will need employees to fill managerial positions as well. Many companies do this by sending existing employees to grad school… while picking up the bill. This option isn’t for everyone, but you if you work at a company that offers enrichment, then you should keep an MBA as an option.
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You can use your education to start your own business
An MBA is a badge of honor in the business world. If you are interested in starting your own business but lack expertise in starting up a company, an MBA can help prepare you to write a business plan, attract investors, and launch to an IPO. Research has indicated that the failure rate is 50 percent less for small businesses owned by MBAs, as opposed to the standard rate.
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You’ll develop your business savvy
An MBA will not only give you a set of credentials, but also a chance to develop a wide range of business specialities. You will also learn the basic technical skills as opposed to taking years to specialize in one category or another. An MBA allows you to learn what you need to know and gives you the ability to quickly learn new skills on the job.
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You could become a leader in an emerging field
Students can pursue “niche” MBA programs that allow them to excel in one particular field. Most of these programs are in emerging fields such as information technology, brand management, e?commerce, and mobile telecommunications, but there are many more.
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You will expand networking resources
Networking is another key advantage of getting an MBA. In order to make it in the business world, you need to have good teamwork skills, and an MBA will help you achieve those skills. The relationships you build while in school will last throughout your career and your lifetime.
These six reasons explain why you should consider getting an MBA. Work towards your goal, and success will be waiting for you at the other end.
