As the economy improves, all industries will need to have the skills of management professionals to support financial growth and plan for new organizational structures.
Many working professionals and recent graduates consider a Master’s Degree in Business Administration.MBATo be different. According to the Graduate Management Admission Council (2011) Corporate Recruiters Survey, 67% of employers anticipate hiring recently graduated managers in 2012. They also plan to hire more.
It is important to keep in mind, however, there are no guarantees. You need to evaluate the true value and impact of an MBA on each specific career field.
What will an MBA do for my career?
Although an MBA can help you advance your career, improve your earning potential, and give you a competitive edge in the market, it’s not always necessary. To determine if an MBA is a requirement, take the time to research the position you are interested in. It is worthwhile for some graduates to get work experience before applying for business schools. Many business schools prefer applicants who have real-world experiences.
“Prospective MBA students need to look at the big picture,”Dr. Donna Loraine, DeVry University vice president of academic affairs at DeVry, Inc., and dean of DeVry University’s Keller Graduate School of Management, said the statement. “We’ve found that students who map out long-term career goals and determine the potential benefit and relevance of an MBA in advance end up being the most satisfied with the value of their advanced degree.”
What is the financial ROI for an MBA?
Students need to fully grasp the commitment that is required for continued education. According to the Graduate Management Admission Council (2011) Corporate Recruiters Survey, the cost of tuition for an MBA program can exceed $100,000. This can make it a life-altering decision.
To determine the return of your investment, it is a good idea to consult a financial advisor. You can reduce your financial impact by applying for scholarships, financial aid and working as a paid intern.
Is there only one type MBA program?
Many students have found it possible to earn an additional degree through MBA programs that can be customized to suit their needs, including concentrations, geographical locations, and online requirements.
How can I maximize my MBA?
Students can make the most out of their education by using career services. DeVry University’s Keller Graduate School of Management has partnered up with CareerBuilder, providing its MBA students free career counseling and resources.
Students have access online to career coaches, writing help, and tools to assist with job search.
An MBA can help you achieve more professional responsibility, a better salary, or climb the corporate ladder. But it is important to use it correctly.
Do your research before you make this major career decision. You can improve your chances of a successful MBA by thoroughly planning.
Visit www.amazon.com for more information www.keller.eduAnd www.devry.edu.
