Is an MBA a Good Investment?

It’s not easy to decide whether to get an MBA after you’ve already earned a bachelor’s degree in business and possibly spent some time in the workforce. You might ask why you need it and how it will benefit your career.

Here are a few reasons why an MBA degree can be a good return on investment. An MBA could help you:

Become a Better Leader

An MBA program is designed to bring your business knowledge to a higher level and polish your leadership skills. While studying for an MBA, you can learn and improve on hard skills, such as specific technical expertise and soft skills, such as problem-solving, critical thinking and effective communication and collaboration.

For example, Herzing’s MBA program focuses on the practical application of current business problems, which is vital to learn and practice as a leader of a business or team.

Learn Specialized Skills

An MBA gives you a chance to get advanced knowledge that applies to a specific area of interest. With an industry or job-specific concentration, you’ll be prepared for the key topics and issues currently facing people in those positions. This could make you a more likely choice for a promotion or as a candidate in a competitive job market.

Improve Employment Opportunities

The Bureau of Labor Statistics shows that having a higher level of education leads to a lower unemployment rate and a greater chance of obtaining a higher-level position. 

Additionally, according to Indeed, eagerness, positivity and determination are some of the most sought out characteristics in an employee. Going through an MBA program demonstrates this intention for growth. 

Other trending traits that are also fostered and developed in MBA programs include:

• Communication skills
• Focus mastery
• Leadership 
• Critical thinking

Build Your Network

Your networking prowess will get a boost when you go through an MBA program. Whether your classes are on campus or online, you can interact with other motivated business leaders. These connections with professors and fellow students can lead to meaningful relationships that will benefit your career.

The MBA program can open you up to new ideas and practices as well as put you in contact with people who could help you land a job months or years from now.

Earn a Higher Salary

If you have an MBA, it’s possible to earn more compensation than someone with just a bachelor’s degree. One study by the National Association of Colleges and Employers predicted an salary increase for MBA graduates in 2019. Candidates with an MBA could make more than grads with just a bachelor’s degree in business.

Interested in learning more about MBA programs? Take a look at Herzing University’s MBA degree programs and advance your career today!