Looking to earn a coveted corner office or the elusive executive bathroom key? Earning a Master’s degree in Business Administration (MBA) can give you the edge you need to climb the corporate ladder and shatter the glass ceiling. An MBA is an advanced degree that will prepare you for a leadership role in any industry. Studying for the degree is rewarding and the benefits of obtaining the degree are immeasurable.
An MBA will give you an educational advantage over your peers. With advanced finance courses, management courses, and economic courses under your belt, you will have the knowledge to help your company increase revenue, streamline expenses, and positively impact the bottom line. Your advanced degree will help you adjust in an ever changing business climate and make you a valuable asset to any company. Both peers and company management will seek out your advice on tough business decisions and you will have the knowledge and confidence to lead them in the right direction.
Additionally, earning an MBA will help you network with top business minds. Great minds think alike and studying for your advanced degree will expose you to other aspiring business minds. Small classes and group assignments will develop your team building skills and you will have a chance to network and interact with other future executives. In the world of business, who you know is almost as important as what you know. Your classmates in the advanced program represent the best and brightest in their industries and you will have the opportunity to make an indelible impression on these future business leaders.
Earning an MBA makes you competitive. In a field of candidates with similar experience, your finance education will make your resume stand out from the crowd. In January 2010, Harvard Business Review published a study that found that CEOs with MBAs actually outperformed, by delivering more shareholder value over the course of their tenure, CEOs who did not have an MBA. The study, which looked at CEOs from several countries, concluded that thirty-two percent of CEOs with an MBA ranked forty places better than CEOs without the degree.
Another benefit of an MBA includes job security. In a tough economy, many businesses are streamlining and only holding on the most valuable employees. An MBA makes you indispensible as an employee with business expertise and leadership training.