Business Education



Why study Masters in Business Administration?

5 Very Good Reasons to Do an MBA  May 18, 2017 – 04:53 pm

NY Business centreAn MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend, a trifle, or is there real value in pursuing such a study programme? It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?

We will try to make that clear and list the advantages of an MBA, especially when it is a top business school with a very good reputation. So, here are the top 5 reasons for which it is worth it to start studying a master in business administration.

1. Higher salary

The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification. For MBA graduates the average salary ranges from 70.000 $ (in governmental or non-profit Institutions) to 120.000 $ (in consultancy, finance or healthcare). That is almost twice as much of what you can expect to earn with a regular University degree. In this case, in 2-3 years, you cover the investment made in your MBA education which is estimated to cost, for a 2 year MBA at a top business university, 110.000 $ on average.

2. Better career opportunities

This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high-level management position. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.

Whether you wish to further your current career by advancing in a leadership position, or you want to pursue a new career, an MBA is definitely going to boost your chances of achieving these goals.

Source: www.mastersportal.eu

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