How Can A Masters in Business Administration Help Your Career?
“Dad, does this mean that you have to go live in the dorms?”
This question came from your five year old daughter when her father explained that he was doing homework for the college class that he was taking. Although the class obviously did not mean that your husband had to move into a college dorm, it did mean that your husband found a way to make the best of a frustrating situation. Even though his performance reviews at the software development company where he worked had been excellent, his raises were not keeping up with the increased expenses of a new home and a new van for your family of four. When he realized, however, that his employer would pay for a master of business administration degree, he decided to get started at once.
Computer science engineers, accounting majors, and educators all see a master of business administration degree as a stepping stone to career advancement or a new career option. In a 2012 Pew Research report, employers with at least a bachelor?s degree had an an average annual earnings of $45,500. This amount is well over the averages for people with only some college ($30,000) or a only high-school diploma ($28,000). If your employer offers to pay for your master of business administration, it just makes good sense to take advantage of the offer.
For a computer science major who has never really taken any business classes, an MBA is an opportunity to study the best business and management practices. While the best computer programmers typically move into manager positions, not all of them have had training in business and administration classes. Pursuing an MBA degree can make a computer programmer turned manager more effective and successful in the new role. You likely can not imagine being a successful computer programmer without having taken computer science and programming classes, so doesn’t it make sense that business administration classes will help you be a better manager?
An undergraduate degree likely helped you get your first job, and a master’s degree will keep you competitive in your field and give you the resources and skill set you need for a changing and evolving career. Nearly 85% of all college attendees say earning their degree “has paid off.” In fact, 89% of employed college-educated Millennials worked full time in 2013. And, Americans with four-year college degrees made 98% more an hour on average in 2013 than people without a degree. Don’t let yourself be left out of these statistics. If you already have a bachelor’s degree, isn’t it time you starting looking at the options for furthering that education?