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Is an MBA worth it?
Is an MBA worth it? Written by: Manik Thaparx
What is an MBA worth? It depends. There is no one correct answer
that applies to everyone. Career goals, personal circumstances,
and occupational requirements are some of the major factors to
consider.
Think of getting an MBA as an investment and weight the risks
and benefits accordingly.
There are several potential advantages in getting an MBA:
* Recognition from others and self-satisfaction in earning an
advanced degree
* Gain enhanced strategic thinking and managerial effectiveness
* Higher pay than someone with less education
* More upward job opportunities, especially management positions
* Larger professional network through faculty, fellow students,
and others you meet while in an MBA program
There are some potential disadvantages in getting an
MBA:
* You may be considered by some companies, especially the
smaller ones, as too expensive
* An MBA may not be required for your career goals
* Emphasis on the MBA might not be worth as much as years of
experience to some employers
The cost of an MBA is of its most daunting aspects. But,
according to research conducted by Forbes, despite a shaky
economy and job market, an M.B.A. still pays for itself in the
long term. The average time to recoup your investment is 3.1
years.
An MBA will improve your strategic-thinking skills, develop your
leadership abilities, and foster managerial effectiveness. These
are skills needed by every type of enterprise. If your career
aspirations require the edge of an MBA, it remains a good
investment for your future.
visit my site: http://www.careerpath.cc
About the author:
Manik Thapar (MBA)
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