How Can I Benefit From an MBA?
With most serious investments, you’re sure to wonder whether the time, money, and effort are worth the end result. Earning an MBA is no different. If you believe that you’re ready to embark on the journey to an MBA, you will find that there are many benefits that will reward you for all of your hard work. Not only will you increase your earning potential, but you will increase your knowledge, expand your professional network, and gain a deeper understanding of your life’s work. Ultimately, it is up to you to know whether an MBA is right for you, but here are some benefits to consider to help make your decision:
Increased Earning Potential
With an MBA, your credibility, ability, and experience increase, as does your earning potential. This is arguably the most obvious and attractive benefit to getting an MBA.
According to Forbes, business professionals enjoy a 50% increase in salary after earning their MBA. And earning potential only increases from there; the same study reports that five years after earning an MBA, pay was up 80% over initial pay post-gradation. A near-guaranteed increase in income over the years after graduation is a huge benefit to consider. Not only does it make the initial investment worth it, but offers more financial flexibility and freedom.
Increased Knowledge Base
An MBA is a deeper dive into the essential business functions that are necessary to manage teams and projects on a daily basis. Your professional work experience will have introduced you to certain soft skills such as communication, teamwork, and leadership. An MBA will only further enhance your aptitude and introduce you to new applications and more effective methods. You will graduate with the skills and experience to demonstrate your prowess and excellence.
“As a manager in the healthcare industry, I use the analytical, personal and communication skills I learned at EOU on a daily basis. I am a proud graduate and can confidently say this program has made me a better leader in my field.” – Emily Higgins, Eastern Oregon University.
New Professional Network
Your time in an MBA program will introduce you to people from all walks of life. These connections you make in and out of the classroom can benefit you both personally and professionally. You will also benefit from the connections you make with your professors, each of whom are highly accomplished business professionals with a wealth of industry experience to share. Such a supportive network grows even larger with active alumni resources. The University of Miami, for example, has 45 thousand alumni from over 130 countries. Similar figures exist at other schools; no matter where you go, you are learning and connecting with professionals in a meaningful way.
“I wanted to pursue an internship with Goldman Sachs, and the university gave me all the resources necessary to network with the firm. I applied and got the internship… and upon finishing my internship, they offered me a full-time position, which I accepted, and I will be joining the firm upon graduation.” – Julietta Scannone, University of Miami
Deeper Understanding of Your Life’s Work
An MBA is not for the weak of mind or heart; it takes dedication and persistence. If you’re considering an MBA, chances are you care deeply about your line of work. An MBA can be a challenging and inspiring endeavor that creates a deeper perspective on the business world. Many MBA graduates report feeling a sense of accomplishment that keeps them rooted in their passion and motivated for success.
“NDNU is part of who I am…getting an MBA here at NDNU positively affected my career because it propelled me to think in a different way.” – Venice Asuncion, Notre Dame de Namur University.
More About Abound: We’re here to help. Abound: MBA narrows down your options and gets you in touch with schools that we can confirm are Accessible, Affordable, Accelerated, and Advanced. Take a look at the schools we trust and find the program that works for you.