There are many different fields that individuals can go into, all offering different career prospects and benefits. When beginning an educational journey, many people aim for a role such as a doctor or a lawyer or a more creative role like an actor or musician. These roles are all worthwhile and they require that you study specific courses to obtain the skills needed to succeed.
However, you may have decided to go a slightly different route and pursue business to make a name for yourself building a company from the ground up. If that’s the case, then there’s no greater qualification to obtain than an MBA.
This program, regardless of whether you do the general degree or a specification, will provide you with all the skills, ethics, and knowledge to excel in a business environment and propel your career forward. Here are 5 reasons you should consider an MBA degree.
Leads to High Salary Roles
When researching the average salary of United States citizens in the field of business, you’ll find that those who have obtained an MBA have a higher average wage than those who do not.
This is because those with MBAs usually end up in higher positions with more responsibility, and therefore they receive a higher salary. Regardless of whether you enter the private or public sector, you can expect to achieve a salary ranging from $70,000 to $120,000 per year.
This potential financial reward to completing an MBA makes it worthwhile, as it can be an expensive degree to begin with. However, it’s made a lot more economically manageable if you pursue online study and do an MBA via VU Online at Victoria University Online.
You Can Become Your Own Boss
The skills you obtain on an MBA degree gives you the foundation to set up your own business and become a young entrepreneur. This allows you the freedom of being your own boss and managing your own time and value.
Within this degree you can expect to learn things such as business management, planning, as well as analytics and financial handling. All these modules give you everything you need to confidently grow your own business and create your own success, which can be very rewarding life path.
Opens Career Opportunities
There are a lot of different fields and avenues people can get into when working in the domain of business; however, without obtaining a degree, these areas are pretty much locked off as you’ll likely lack the skills required. Getting an MBA can open all these different aspects of business as there are so many core areas covered in the program.
Getting this degree can make it easier to obtain a role in Human Resources, Technology and Information Systems, Statistics, Finance, and Economics. This means that you’ll have options during your career, as it will allow you to pivot to other domains a lot easier, and it gives graduates the chance to get a more varied and rewarding career.
On the other hand, students who know what discipline they want to get into can also get a specialized MBA that dives deeper into a single area with a lot more detail provided.
They’re Flexible Degrees
MBAs are degrees that cater to the needs of the students and they offer a kind of flexibility that a lot of other courses don’t. These can be taken either part time or full time, allowing people to either accelerate through the degree quickly so that they can get into work swiftly, or to go slowly with less demand. This latter route may suit those who may be working a job alongside the degree or caring for a family.
A lot of MBAs, such as the one offered by Victoria University, can be studied entirely online, meaning that you don’t have to move to campus, and you can also work on the course at your own pace via the comfort of your own home. This can really help reduce the stress of the degree and make it more manageable for every individual and lifestyle.
MBA programs bring together a lot of likeminded business folk, meaning that it’s a great place for people to start networking and to build connections that can be beneficial in the future.
However, as well as connecting you with fellow students, this course also puts you in contact with various recruiters, speakers, businesspeople, and experts. This gives students the opportunity to integrate themselves with the world of business more organically and naturally, and these connections can help you gain recommendations once you graduate.