Is an MBA Degree Really Worth It? The Right Reasons Part III

to move ahead more quickly in your job. There are a variety of reasons why people decide to pursue a Master of Business Administration degree. Many people are interested in quickening the rate of their professional development within a particular field or at the organisation where they are now employed. Acquiring access to more senior posts with better remuneration is a component of achieving that goal.

According to the National Association of Colleges and Employers, the average starting pay for MBA grads (class of 2020) is $20,000 a year more than it is for those with an undergraduate business degree. This is the case for the class of 2020. But that's not the end of it. MBA graduates from the most prestigious schools frequently find employment in positions that place them on a fast track to leadership roles. The rationale for this is rather straightforward: employers anticipate that graduates of these programmes will have the academic, interpersonal, and leadership abilities necessary to tackle complex issues that arise in the workplace.

People who want to acquire their MBA in a shorter amount of time have another alternative available to them in the form of accelerated MBA programmes. More than fifty years ago, Kellogg was the first school to offer a Master of Business Administration (MBA) degree that could be completed in one year. The programme was designed for candidates who had the dedication and self-control necessary to complete the coursework in only one year. The expedited option is not suitable for everyone, but if you have experience in business and a requirement for promptness, it could be the solution for you.

to broaden and deepen the scope of your network. When you enrol in a business school, you immediately become a part of a community that is comprised of future leaders and alumni who are highly connected. Our global alumni network at Kellogg includes more than 65,000 people from more than 15 different fields of endeavour. All of these linkages pile up, and the situation is the same at a lot of different programmes. I recently had a conversation with a graduate who was in the running for a position at a sizable technology business that specialises in e-commerce, but all of a sudden became stalled in the hiring process. I found this conversation quite interesting. An alumnus who had ties at that organisation made an inquiry, determined that the problem was a holdup in HR, and then supplied a recommendation that moved her application through.

The majority of MBA programmes include access to networking events that are held by clubs and employers, as well as affinity networks and student-led conferences. All of these opportunities have the potential to broaden your reach, and as a result, increase your chances of being successful in the business world.