Entrepreneur Spencer Schar earned his Master of Business Administration (MBA) degree from the University of Central Florida. He worked full time alongside his studies, averaging a 3.85 GPA for the two years. This article will take a closer look at the MBA program, exploring the advantages conferred by earning a Master of Business Administration.
With top business schools charging anywhere up to $100,000 for the program, an MBA is a significant expense for recent graduates, taking most out of the workforce for a significant period. Nevertheless, earning an MBA can enhance a professional’s career opportunities significantly, improving their prospects of promotion and increasing their compensation. The attached PDF provides an overview of what the MBA program involves and the topics covered in study.
A Master of Business Administration is a graduate degree that focuses on business, finance, entrepreneurship, and management. Although tuition fees can represent a significant expenditure for recent college graduates, they pave the way to higher quality employment and better quality jobs.
When deciding on an MBA program, graduates need to weigh up the return on investment, i.e. the cost of the program versus the salary obtained from employment after graduating. The attached infographic provides a summary of popular jobs for MBA graduates.
MBA coursework covers a broad spectrum of business-related subjects including economics, management, accounting, statistics, entrepreneurship, and communications. The program is not only intended to prepare students for work in financial institutions but also provide them with the skills necessary for management positions or provide a firm educational footing for founding their own company.
While academic excellence is an important foundation for the MBA program, business school is orientated towards real-world professional outcomes, providing students with valuable work experience in their decision-making processes. EMBA programs, for example, are targeted towards older individuals who are already in the workforce, serving in leadership or management roles. Therefore, they place a much heavier emphasis on the professional networks and work experience students bring to the table rather than focusing purely on academic records.
For young professionals, earning an MBA demands a considerable investment of time, effort, and money. It is therefore vital for graduates to stop and really think about whether the MBA program is the right route for them. As the full benefits of an MBA can take several years to realize, students need to consider their motivations carefully to ensure they are in it for the right reasons. The attached video provides an overview of the key benefits of studying for an MBA in terms of career prospects and outcomes.