Top Reasons to Get an MBA Degree

Every company and organization requires personnel with business skills, making a Master of Business Administration (MBA) degree a valuable asset for many graduates. Employers often hire professionals who study business administration because the degree enables them to perform multiple essential tasks and aid in decision-making. If you are interested in pursuing higher education, consider these seven advantages of earning an MBA degree.

Every company and organization requires personnel with business skills, making a Master of Business Administration (MBA) degree a valuable asset for many graduates. Employers often hire professionals who study business administration because the degree enables them to perform multiple essential tasks and aid in decision-making. If you are interested in pursuing higher education, consider these seven advantages of earning an MBA degree. 

1. TRANSFERABLE SKILL DEVELOPMENT 

Even if your background is in a science or liberal arts field, an MBA degree can supply the knowledge and resources necessary to conduct business activities. Most programs offer a selection of core and concentration courses that help students see the connections between different business departments, such as marketing and human resources. An MBA degree is beneficial for individuals with specific career goals as well as individuals who are exploring alternative avenues after graduation. 

2. GREATER NETWORKING OPPORTUNITIES 

Coursework is not the only source of knowledge in an MBA program. You also gain substantial insights into business administration from the experiences of your classmates. Many students pursuing MBA degrees already hold positions in companies, organizations, and institutions, some of which may be of interest to you. Networking with peers can help you understand what steps you must take to enter a career of interest in the future. 

3. ACCELERATED CAREER ADVANCEMENT  

While enrolling in an MBA program requires a significant investment, the long-term rewards make pursuing the degree worthwhile. According to the U.S. Bureau of Labor Statistics, the median annual salary for individuals in business and financial positions was $72,250 in 2020, which is much higher than the $41,950 average for all occupations. Additionally, employment for business roles is expected to increase 8% through 2030, providing approximately 750,800 new positions for MBA graduates to explore. 

4. HANDS-ON EXPERIENCE 

High-quality MBA programs not only teach students business theory but also provide ample opportunities for practical application. These courses require learners to solve real-world challenges and showcase examples of successful and ineffective solutions to problems companies face daily. The combination of conceptual and practical coursework enables students to take on the challenges of their current profession or start a business of their own with confidence. 

5. ACCESSIBLE APPLICATION PROCESS 

Many universities no longer require Graduate Record Examination (GRE) and Graduate Management Admission Test (GMAT) scores on applications, making it easier to pursue an MBA degree. Without needing standardized test scores, students can devote more time and money to pursuing higher education. Bear in mind, most colleges will still ask for a transcript from your undergraduate studies when you apply for an MBA program. 

6. ACHIEVING PERSONAL GOALS   

Although you can follow several careers with an MBA, earning your diploma is about more than expanding your job opportunities. Your degree represents the determination and perseverance it took to pursue more complex topics in your field. In some respects, graduation may be more fulfilling for working adults because balancing higher education with work, family, and other life responsibilities is no easy feat. 

7. CONVENIENT AND COST-EFFECTIVE OPTIONS 

Generally, individuals considering an MBA degree program use two main factors to drive their decision — cost and convenience. These two features are particularly relevant for working adults who must fit coursework into their daily schedules. If traditional on-campus classes are not feasible for your situation, opt for an online program, such as the ones offered by MVNU. 

Our accredited online MBA program is designed to help busy professionals seek additional education while managing their job, family needs, and other obligations. The degree includes foundational business administration courses and more focused topics, such as strategic management and ethics. We also offer concentrations that provide career-specific training in the following industries: 

• Accounting 
• Finance 
• Business data analytics
• Human resource management 
• Human and social services leadership
• Marketing 
• Logistics management 
• Ministry leadership 
• Organizational management

 We strive to make our MBA programs affordable by offering a tuition guarantee that ensures course expenses will not increase during enrollment. Additionally, financial aid is available to all students who qualify for assistance.  For added convenience, students are not required to complete the GRE or GMAT before applying for our programs.