The word mba may sound like an acronym, but it’s actually a degree that is designed for students interested in enhancing their career. Whether the student wants to start their own company, progress within a current job or even switch industries, an MBA is the perfect tool to achieve those goals.
As with any graduate degree, an MBA requires a lot of hard work and commitment. However, if the graduate can find a career that is rewarding, the investment in time and money will pay off, according to research by the Graduate Management Admission Council. Despite a higher cost than undergraduate degrees, MBA graduates earn notably more than their counterparts with bachelor’s degrees alone.
Choosing the right program can also make all the difference in how successful one can be after graduating from business school. For example, if a student chooses to attend a top ranked university with an on-campus MBA program, they will have the opportunity to network and learn from professors, industry experts, and fellow business students. In addition, these programs offer the flexibility for students to continue to work full-time while attending classes on campus and typically require applicants to have a minimum GPA of 3.0.
In contrast, online MBA programs from universities with a reputation for quality can provide students with a similar learning experience and the same networking opportunities as on-campus programs, without requiring them to quit their jobs or relocate to attend. These programs can be less expensive than their on-campus counterparts and are often more flexible for working professionals.