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The Benefits of an
MBA Education
An MBA is a professional
degree. It will help accelerate your business career and create many
opportunities for career switches into highly-sought-after positions in
consulting, investment banking, and venture capital.
In two years, you will become well versed in such areas as
finance, management, marketing, and strategy. You will also learn a whole new
way to analyze business issues and be exposed to powerful techniques to
help sell yourself to your full potential.
If the economy is not
showing signs of accelerating anytime soon, then these two years
(assuming you attend a traditional two-year, full-time program) sharpening your job skills,
improving your résumé, and expanding your network
look even more attractive.
In addition to giving you additional career flexibility and helping you
switch occupations, a degree from a top program will increase your earnings
potential by over 150%. It's pretty tough to do that by staying put for 2 more years!
Career Choices
In the short term, an
education from a top program can help you gain valuable work experience
with employers such as a consulting firm, investment bank, or venture capital
group. You will also have opportunities to work for a more "stable"
Fortune 500 company in business planning, investor relations, or corporate
development.
In the long term, these valuable experiences can position you for a
senior-level management position. What is not always widely known about a
business school education is that it can also help you in more non conventional
ways. By sharpening your analytical skills, you will be better suited to excel
in the government and non profit sectors, although admittedly a public policy
degree will prepare you equally as well.
Program Choices: Full
Time, Part Time, or Executive
Each of these program choices has benefits and drawbacks. Going full time will allow you
to concentrate more fully on class work. It will also make a summer
internship (which can be critical in executing a career switch) crucial.
Part time programs can
be less intensive depending on the workload from your employer. The income can
also make the experience less financially stressful, with many employers
covering the tuition costs.
The executive program
is best suited for applicants with more senior level work experience. The
classes are taught at the "50,000 foot view" instead of the "10,000 foot view"
used in the other programs.
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