According to the American Department of Education, in the US, the MBA has turned out to be at the peak of popularity, as postgrad degrees go. Following this statement, Farran Powell, a US News reporter, explained the benefits of an MBA for aspiring students, in contrast with college business degrees.
You can earn more
According to statistics, an MBA degree holder will earn at least 20% more after graduation. Still, this percentage may become higher due to various factors, P&Q reports.
The National Association of College and Employers states in this years’ report that MBAs earn almost 40% more than people with a college business degree.
MBAs earn more and more with every coming year, hence, in five years, there may be even an 80% salary increase compared to the first post-graduate salary.
Of course, your ability to earn more depends on which MBA program you choose. For instance, Harvard alumni with ten years of job experience earn more than 200,000 on average.
You can have a better career
For many employers, MBA degree holders are assets than can take up leadership positions, unlike college graduates. For instance, companies like Amazon recruit more than a thousand MBAs annually. The company seeks talent ready to develop and grow, and the best place to find it is at business schools.
Unlike college degrees, which help you get an average job, an MBA prepares you for leadership positions, where you manage larger processes in the company.
You have better networking opportunities
Aspiring students try to get admitted to MBA programs every year not just because of the knowledge and practical experience the degree will give them, but also due to the opportunity to build a vast network with all the people they will get to know once on campus.
Their networks will stay with them for life and are absolutely priceless – maybe even more worthy than the earning potential and career opportunities.
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