Returning to school for Masters of Business Administration (MBA) degree is a great way to bolster your career opportunities and increase your potential income. An MBA program typically requires a two-year commitment of graduate level study. A good program can provide you with career flexibility—important in times of economic hardship—as well as provide you with a lifetime of networking connections that could help you throughout your career.
Whether you just graduated with your four-year degree, or you’ve been in the working world for a while, here are three good reasons to continue your education for an MBA degree.
An MBA degree provides graduates with more career flexibility. Because you will have an educational foundation in several different business applications, you will be prepared embrace change and accept new job opportunities in an often turbulent job market. If you’ve been in a career for a while and feel stagnated, getting your MBA can help open new opportunities for both advancement and new career paths. If you’re looking to enter the management ranks, and MBA is an excellent tool to achieve that.
Prepare for Entrepreneurship
If you are ready to leave the corporate world behind, getting your MBA can help prepare you for the rigors of entrepreneurship. Running your own business means wearing a lot of different hats, and a strong business education can help you with the ups and downs of being an entrepreneur. In fact, there is research to suggest that small businesses started by MBA graduates have a far greater success rate than those without—in fact it’s about 50% greater.
Know What You Want
An MBA can be a great career tool, and most people find this extra education investment worth it. But its good to start your MBA education with defined goals. Whether is career advancement, the lure of running your own business, or the hope of a higher earning potential in your current field, knowing what you are working for can help you tailor your MBA program to your career needs. If you are focused about what you want to achieve, you are more likely to achieve it.