{"id":44222,"date":"2019-01-04T22:24:15","date_gmt":"2019-01-04T22:24:15","guid":{"rendered":"http:\/\/www.augsburg.edu\/mba\/?p=44222"},"modified":"2021-09-21T18:47:44","modified_gmt":"2021-09-21T18:47:44","slug":"how-can-an-mba-help-my-career","status":"publish","type":"post","link":"https:\/\/www.augsburg.edu\/mba\/how-can-an-mba-help-my-career\/","title":{"rendered":"How Can an MBA Help My Career?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">An Master of Business Administration is <\/span><a href=\"http:\/\/fortune.com\/2014\/05\/31\/mba-popular-masters-degree\/\"><span style=\"font-weight: 400;\">the most popular master\u2019s degree in the United States<\/span><\/a><span style=\"font-weight: 400;\">. Whether you already have a solid career, you\u2019re searching for a job, or you consider yourself an entrepreneur, you might wonder about getting an MBA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Why earn an MBA? The degree is widely accepted by employers and opens doors to future advancement and promotional opportunities. Business education has adapted to stay relevant to current trends, including the globalization of business and the drive for innovation.<\/span><\/p>\n<h2><b>Why an MBA Is Important for Your Career<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">One of the best reasons to get an MBA is that you become more marketable to employers. Just scroll through the job listings on <\/span><a href=\"https:\/\/www.monster.com\/career-advice\/article\/why-companies-prefer-mbas\"><span style=\"font-weight: 400;\">Monster<\/span><\/a><span style=\"font-weight: 400;\"> to see how many have an \u201cMBA preferred\u201d indication. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It used to be that MBAs were the degree of choice for people going into finance. Today, all types of industries are hiring people with these degrees. <\/span><a href=\"https:\/\/poetsandquants.com\/2017\/04\/03\/tech-firms-get-mba-talent-schools\/\"><span style=\"font-weight: 400;\">Tech companies<\/span><\/a><span style=\"font-weight: 400;\"> are getting business school graduates on board in order to stay competitive. Hot jobs for MBA graduates include mid-level management and executive positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Companies prefer hiring people who have earned MBAs because these students are usually better educated and positioned for roles in strategic thinking, problem-solving, and ambiguity management. An <\/span><a href=\"http:\/\/www.augsburg.edu\/mba\/\"><span style=\"font-weight: 400;\">MBA program<\/span><\/a><span style=\"font-weight: 400;\"> does more than give you specific knowledge; it provides experiential learning opportunities to help prepare and train students for the rigors and processes necessary to lead successful businesses.<img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-44223 alignright\" src=\"http:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/01\/How-Can-an-MBA-Help-My-Career-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/01\/How-Can-an-MBA-Help-My-Career-300x200.jpg 300w, https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/01\/How-Can-an-MBA-Help-My-Career.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/span><\/p><div class=\"augsb-mid-content\" id=\"augsb-2434449014\"><div id=\"augsb-455697457\" style=\"margin-left: auto;margin-right: auto;text-align: center;clear: both;\"><a href=\"https:\/\/www.augsburg.edu\/mba\/\" aria-label=\"Are you ready to advance your career with an MBA? Explore our MBA program.\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/970x90-Artboard-2-Alt.png\" alt=\"Are you ready to advance your career with an MBA? Explore our MBA program.\"  srcset=\"https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/970x90-Artboard-2-Alt.png 970w, https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/970x90-Artboard-2-Alt-300x28.png 300w, https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/970x90-Artboard-2-Alt-768x71.png 768w\" sizes=\"(max-width: 970px) 100vw, 970px\" width=\"970\" height=\"90\"  style=\"display: inline-block;\" \/><\/a><\/div><br style=\"clear: both; display: block; float: none;\"\/><\/div>\n<p><span style=\"font-weight: 400;\">How will the MBA help you in developing your skills? When you\u2019re working toward this degree, you don\u2019t just learn; you consistently use your knowledge. This is a vital characteristic of any leader, manager, or entrepreneur. You need to apply and interpret the data analytics in order to quickly transform ideas into profitable action. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From an employer\u2019s perspective, an MBA graduate is likely to have the following qualities:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Commitment<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Work ethic<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Critical thinking<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Business analytical experience<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Collaboration and a love of learning<\/span><\/li>\n<\/ul>\n<h2><b>Will an MBA Help My Career?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Many people ask, \u201cIs an <\/span><a href=\"http:\/\/www.augsburg.edu\/mba\/is-an-mba-worth-it\/\"><span style=\"font-weight: 400;\">MBA worth it<\/span><\/a><span style=\"font-weight: 400;\"> even if I\u2019m already established at a successful organization?\u201d We\u2019ve examined how corporations benefit from hiring employees with MBAs. What are the advantages of an MBA for you?<\/span><\/p>\n<h3><b>Gain Knowledge, Skills, and Experience<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">On the most basic level, you will learn more with an MBA than someone who enters the workforce after getting a bachelor\u2019s degree. Those students may gain real-world experience, but the entry-level positions they take don\u2019t give them the advanced knowledge they need to understand the subtle nuances of business. <\/span><\/p>\n<h3><b>Move Up the Career Ladder<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Continuing your education after an undergraduate degree prepares you to start at a higher level when you do get a job. MBA graduates often move into more challenging and prominent positions at an accelerated rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the same time, many MBA programs look at applicants\u2019 work experience during the <\/span><a href=\"http:\/\/www.augsburg.edu\/mba\/admission\/\"><span style=\"font-weight: 400;\">admission process<\/span><\/a><span style=\"font-weight: 400;\">. Therefore, you might want to consider getting that entry-level position while you\u2019re earning your bachelor\u2019s degree to gain a competitive advantage.<\/span><\/p>\n<h3><b>Earn a Higher Salary<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Why get an MBA if you already have a job and have started your career?<\/span><\/p>\n<p><a href=\"https:\/\/www.gmac.com\/market-intelligence-and-research\/research-library\/employment-outlook\/2018-corporate-recruiters-survey-report\"><span style=\"font-weight: 400;\">MBA graduates are often offered a higher salary<\/span><\/a><span style=\"font-weight: 400;\"> than direct-from-industry hires and students who have just graduated with an undergraduate degree. Therefore, if you\u2019re considering employment elsewhere, you\u2019ll be likely to get a pay boost. Even if you stay at the same organization, you may see a salary increase after earning an MBA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.ft.com\/content\/a2813230-d69b-11e7-a303-9060cb1e5f44\"><span style=\"font-weight: 400;\">average salary for MBA<\/span><\/a><span style=\"font-weight: 400;\"> alumni is $142,000 per year. Depending on your lifestyle, you can pay off your student loans fairly quickly at that rate, making the investment financially lucrative. The <\/span><a href=\"https:\/\/www.ft.com\/content\/4b971088-b261-11e7-a398-73d59db9e399\"><span style=\"font-weight: 400;\">average payback for an MBA<\/span><\/a><span style=\"font-weight: 400;\"> is about four years. Plus, unemployment rates for these graduates are low.<\/span><\/p>\n<h3><b>Network<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">An MBA program gives you ample networking opportunities. This can help you make connections that will allow you to grow your current business. It can also give you the security of knowing you\u2019ll have help and connections to a variety of companies and industries if you want to change careers.<\/span><\/p>\n<h2><b>Types of MBAs<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A Master of Business Administration is not just a generic term for a business degree. There are a few different <\/span><a href=\"http:\/\/www.augsburg.edu\/mba\/what-are-the-different-types-of-mba-programs\/\"><span style=\"font-weight: 400;\">types of MBA<\/span><\/a><span style=\"font-weight: 400;\"> and distinct concentrations to choose from. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The types of MBA differ based on the class format. Students can take MBA courses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Online <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">On campus<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Full-time (completed in two years)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Part-time (completed in two to five years)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">An executive MBA, or EMBA, is typically a two-year program that\u2019s directed at people with at least five years of managerial experience. This is ideal for people who have already started their careers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A global or international MBA has a diverse student body. It exposes students to global policies and considerations and is ideal for people who want to work outside of the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.princetonreview.com\/business-school-advice\/popular-mba-concentrations\"><span style=\"font-weight: 400;\">most popular MBA concentrations<\/span><\/a><span style=\"font-weight: 400;\"> include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.usnews.com\/education\/best-graduate-schools\/top-business-schools\/articles\/2018-01-05\/6-things-to-know-about-a-strategy-mba\"><span style=\"font-weight: 400;\">Strategy<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 Explore a general knowledge base surrounding business theory and the factors that affect a company\u2019s success or failure. This can help your career if you want a big-picture focus, have ambitious goals, and desire a versatile degree that can be used in many industries. People with a strategy MBA degree often go on to <\/span><a href=\"https:\/\/work.chron.com\/kind-job-can-person-mba-strategic-management-26911.html\"><span style=\"font-weight: 400;\">become executives, entrepreneurs, supervisors, and analysts<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Corporate finance \u2013 Learn to maximize the value of an organization by understanding objective function, investments, financing, dividends, and valuation.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Operations \u2013 Gain knowledge and experience in supply chain management or logistics. This involves facilitating production and manufacturing, managing company resources, and mediating relations with everyone involved in the process. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Entrepreneurship \u2013 Prepare to develop and lead your own businesses. Students learn strategy, business ethics, social responsibility, and problem-solving. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Management \u2013 Focus on allocating resources, solving problems, and working with people on various projects. <\/span><\/li>\n<\/ul>\n<h2><b>Careers for MBA Graduates<\/b><\/h2>\n<p><a href=\"http:\/\/www.augsburg.edu\/mba\/what-can-you-do-with-an-mba\/\"><span style=\"font-weight: 400;\">What can you do with an MBA?<\/span><\/a><span style=\"font-weight: 400;\"> Graduates with this degree can get a variety of high-ranking positions in almost any industry. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">People with a corporate finance MBA may pursue careers in venture capital firms, in commercial banks, and as chief financial officers at Fortune 500 companies. After earning an MBA in operations, many graduates get jobs as operations, supply chain, or logistics managers; consultants; and inventory control managers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An entrepreneurship MBA can help you launch your own organizations or work in a leadership or management role within a company. Graduates with a management MBA can pursue positions as management consultants or managers or supervisors in any industry.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The only question remaining is: Where will you go and what will you do with an MBA?<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Have questions about how an MBA can help your career? <\/span><\/i><a href=\"https:\/\/www.augsburg.edu\/mba\/\"><i><span style=\"font-weight: 400;\">Explore Augsburg University\u2019s MBA program<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> or contact <\/span><\/i><a href=\"&#x6d;&#97;&#x69;&#x6c;t&#x6f;&#58;m&#x62;&#97;i&#x6e;&#102;&#x6f;&#x40;a&#x75;&#103;s&#x62;&#117;r&#x67;&#46;&#x65;&#x64;&#117;\"><i><span style=\"font-weight: 400;\">&#109;&#x62;&#97;&#x69;n&#x66;o&#64;&#x61;&#117;&#x67;&#115;&#x62;u&#x72;g&#46;&#x65;&#100;&#x75;<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> to talk with MBA professionals today.<\/span><\/i><\/p>\n<div class=\"augsb-after-content\" id=\"augsb-3317602807\"><div id=\"augsb-2127850345\" style=\"margin-left: auto;margin-right: auto;text-align: center;clear: both;\"><a href=\"https:\/\/www.augsburg.edu\/mba\/\" aria-label=\"Are you ready to advance your career with an MBA? Explore our MBA program.\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/Artboard-2.png\" alt=\"Are you ready to advance your career with an MBA? Explore our MBA program.\"  srcset=\"https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/Artboard-2.png 970w, https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/Artboard-2-300x77.png 300w, https:\/\/www.augsburg.edu\/mba\/wp-content\/uploads\/sites\/61\/2019\/12\/Artboard-2-768x198.png 768w\" sizes=\"(max-width: 970px) 100vw, 970px\" width=\"970\" height=\"250\"  style=\"display: inline-block;\" \/><\/a><\/div><br style=\"clear: both; display: block; float: none;\"\/><\/div>","protected":false},"excerpt":{"rendered":"<p>An Master of Business Administration is the most popular master\u2019s degree in the United States. Whether you already have a &#8230;<\/p>\n","protected":false},"author":375,"featured_media":44223,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-44222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mba"],"_links":{"self":[{"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/posts\/44222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/users\/375"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/comments?post=44222"}],"version-history":[{"count":5,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/posts\/44222\/revisions"}],"predecessor-version":[{"id":44714,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/posts\/44222\/revisions\/44714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/media\/44223"}],"wp:attachment":[{"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/media?parent=44222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/categories?post=44222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.augsburg.edu\/mba\/wp-json\/wp\/v2\/tags?post=44222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}