According to a recent survey by the Graduate Management
Admission Council (GMAC), employers continue to value the skills and knowledge
gained through MBA studies, with nearly 90% of them planning to hire MBA
graduates. This demand for MBA-level business professionals has continued to
rise across many industries, despite the past year’s challenges.

One of the most significant benefits of earning an MBA is
the potential for increased earning potential. In fact, a recent GMAC survey
projected a median annual salary of $115,000 for MBA graduates, compared to
$75,000 for direct-from-industry hires and $65,000 for bachelor’s degree
holders in the same or similar roles. This significant increase in earning
potential can make up for the cost of the program, which can be a substantial
expense for recent graduates and a significant time commitment for early-career
professionals.

Aside from increased earning potential, MBA students also have access to a variety of resources and support services, including recruitment and hiring fairs, executive coaching, and more. According to a GMAC survey, 67% of graduate business school alumni felt that their program offered opportunities for faster career advancement, and 76% agreed that their MBA program helped develop their professional network. These opportunities can be invaluable in helping students make connections, build relationships, and find new career opportunities.

While earning an MBA is not a guarantee of career
advancement, it can certainly lead to new opportunities for those looking for a
change. Graduates of MBA programs often receive roles that place them on an
accelerated path into leadership, executive, and C-level positions. This can
provide a great opportunity to advance in one’s career and achieve greater success.

In addition to these benefits, an MBA degree also
demonstrates to future employers that you have a deep understanding of the
business and entrepreneurial world, which can increase your credibility and
marketability. Businesses and recruiters are more likely to invest and work
with entrepreneurs who possess an MBA than those who don’t. This can make it
easier to secure funding, attract customers, and build partnerships.

However, it’s important to note that not all MBA degrees are
created equal. Some recruiters and hiring managers do not view an MBA from an
unknown or online-only educator to hold the same weight as one from a top-tier
school. Therefore, it is crucial to research and evaluate the school’s
reputation and accreditation before committing to an MBA program.

In summary, earning an MBA can be a valuable investment for those seeking to advance their careers in business-related fields. The potential for increased earning potential, career support and networking opportunities, career advancement, and credibility make it a worthwhile investment for many professionals. However, it’s important to weigh the cost against the potential ROI and consider alternatives. If you’re interested in pursuing an MBA, UCW’s MBA program can provide you with the skills, knowledge, and resources you need to succeed.

By Dr. Hanan