While it's true that a Master of Business Administration (MBA) can lead to higher earning potential, the benefits of the degree extend well beyond salary. According to a story in Forbes magazine, the less-tangible MBA benefits might actually be more important in the long run.
An online MBA can provide a unique opportunity to examine major business issues while you make lifelong friends who are successful businessmen and businesswomen in their own right. These contacts can become valuable sounding boards and mentors and can introduce you to other people who may be able to help you in your career down the line.
Broadening your perspective and skills
Core MBA skills include finance, accounting, economics, statistics and organizational behavior, but the benefits of an MBA also include the chance to learn about how to work together as a team with others who are just as Type-A as you are. You will learn skills in collaboration and teamwork through your interactions with diverse classmates. You will also get the chance to think about the global economy as you interact with international students who are in the online MBA program with you. Through your coursework, you'll also meet and learn from professors who really challenge you to expand your horizons and hone your convictions.
For many, one of the core benefits of an MBA is the chance to refocus. It's a ripe opportunity to change the trajectory of your career by focusing on a different area than you did before entering your MBA program or a chance to deepen your expertise within your existing field. Learning the discipline of focus is something that will serve you well throughout your career.
One of the most important MBA skills you will develop is learning how to manage people. Acquiring the background and practical skills needed to lead large teams after graduation is one of the most valuable assets you can bring to your organization.
And, while you may never take a specific class in public speaking during your studies, the opportunities you will have throughout your online MBA program to hone your communications skills through your coursework will serve you well throughout your career.
MBA skills involve much more than just quantitative and technical studies. Online MBA students gain a broader understanding of business and how to implement learnings, ideas and research on the job.
The special advantage of an MBA program is the opportunity to develop leadership and interpersonal skills with a group of peers in a sequence of experiential courses informed by current research. Earning this credential sends a signal to employers about your dedication and credibility, setting you up for continued career growth and success.
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