Saturday, March 6

When Is an MBA Worth It?

Earning a Master’s in Business Administration (MBA) can help professionals enhance their career opportunities, receive increased compensation, and job promotions. An MBA can provide the skills and knowledge necessary to start a new business, and many employers require an MBA for certain management or leadership positions.

On the other hand, an MBA from a top business school can cost nearly $100,000—a substantial expense for recent graduates and substantial time out of the workforce for early-career professionals. The question becomes, is earning an MBA worth the cost? It all depends 100% job guaranteed MBA.

MBA coursework involves a broad spectrum of business-related topics including accounting, statistics, economics, communications, management, and entrepreneurship. MBA programs not only ready students to work for financial institutions such as banks but also prepare them for management positions in other fields or as founders of startup companies.

There are two routes one can take to earn their MBA: a full-time or a part-time program. Although both programs will result in an MBA, there are trade-offs to consider. A full-time student will find it difficult to work for the duration of their two or three years at school. These programs are the most popular, therefore, with younger students who have recently earned their bachelor’s degree and can afford to study full time on campus.

Part-time MBA programs typically come in two flavors. The executive MBA (EMBA) is designed for students who have been in the workforce for some time in executive or leadership roles and who are typically 32–42 years of age. These programs can be very expensive, and students expect that their employer will pick up the tab. The part-time MBA is geared for employees who work full time, but are not yet in leadership positions. These students tend to be 24–35 years old and take classes after work, in the evenings or on weekends to enhance their careers.

Earning a bachelor’s degree with a 4.0 GPA is undoubtedly an applaudable achievement. But not getting straight A’s will not necessarily blemish a candidate’s chances at getting into a respectable MBA program. Getting a 3.5 or better GPA (B+ to A-) is typically the range these schools select from. The very best and top-rated programs will demand a higher GPA than mid- or lower-tier ones.

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