The ROI of an MBA: Is it Worth It?
No matter what area of business you’re interested in, earning an MBA pays off.
If you’ve been on the fence about returning to school to earn an MBA, consider this: The average annual salary of graduates of top programs range from $97,000 to $125,000.
In addition to better earning potential, an MBA gives you the necessary skills to navigate the complex business world, whether you choose a career in technology or HR.
In today’s fast-paced environment, many employers seek out job candidates with robust experience and a solid education—something an MBA can provide. Already working? You might be surprised to learn that some companies will even foot the bill for some or all of your education.
And there’s even better news. Business schools recognize that many of their students juggle multiple obligations—work and family—while attending classes. While the traditional on-campus framework is still available, you’ll also find plenty of programs that are accelerated, online or in a hybrid format. Accelerated program are intensive and take between 12 and 18 months. An online MBA offers a flexible schedule, no commute time and the option for part-time attendance. Schools that utilize the hybrid approach combine the flexibility of online courses with hands-on instruction in the classroom.
No matter which format you choose, you can be assured that today’s business school programs will sharpen your skills, make you more confident in your decisions and give you the opportunity to demonstrate your leadership abilities. Want to advance at your current job? Interested in starting your own business? Earning an MBA is often a necessary step toward furthering your career.
In our “ROI of an MBA” infographic, we examine salary statistics, the reasons employers consider MBAs important and the five fields where an MBA may prove useful. If you’ve been thinking about earning your master’s degree in business, we’re sure the latest facts we’ve compiled will convince you that returning to school to earn your MBA will pay off in a big way.