Is the Master's in Business Administration Right for Me? (Guest Post)

Whether you’re an entrepreneur, aspiring business leader, or you just think that you may want to learn more about business, the thought of getting your Masters in Business Administration may cross your mind. But while an MBA can be extremely beneficial for achieving career and life goals for many people, for others, it is a waste of time and money. So, how do you know whether or not getting your MBA would be worth the time and expense?

About the Masters in Business Administration

A Masters in Business Administration, or MBA, is a type of graduate degree designed specifically for individuals looking to strengthen their business skills. But while entrepreneurs or hopeful CEOs may encompass the largest portion of MBA students, the business degree can actually be a strength for many individuals who aren’t someday looking to run their own company.

An MBA program is completed either on a part-time or full-time schedule, usually with in- person classes similar to an undergraduate program. As more and more people are getting their MBA, online programs from accredited universities are also becoming a more popular option.

Like a traditional undergraduate program, getting your Masters in Business Administration allows you to select a major that better targets the job or industry you hope to work in after graduation. While you can easily find standard business majors, such as accounting, finance, marketing, or management, different schools can offer more targeted programs and majors.

When is the MBA the Right Decision… And When is it Not? 

Getting your MBA can show that you are serious about taking on management or leadership positions, regardless of what industry you are in. Whether or not your industry is classified as “business,” once you move to the management side, many of the skills you will need are acquired during business administration program. If you hope to someday work in a leadership role, your MBA may be just what you need to prove you are serious.

But even so, getting your MBA takes a lot of time and money to complete. If you are not serious about getting your MBA and actually learning what the classes can teach you, you will probably either drop out before graduation or graduate to find that you spent a lot of money just for a piece of paper.

An MBA may also not be the best decision if you do not know what you want to do after graduation. Unlike undergraduate school, you shouldn’t go into an MBA program hoping to find your path somewhere along the way. As an accelerated program that will move quickly and require your full attention, you may find that your MBA is not as useful as you had originally hoped.

When deciding if getting your Masters in Business Administration is right for you, consider the return on your investment. If you believe that getting your MBA will help you advance in your career, secure better promotions with better pay, then you may want to begin doing research about business schools and programs. On the other hand, if there doesn’t seem to be tangible benefits to getting the MBA, hold off on going back to school – at least for the time being.

How to Make the Most of Your MBA 

While you are in business school and after you graduate, you are introduced to an entirely new community and network of individuals with similar aspirations. When you pay your tuition, you can think of them as dues into this exclusive club of potential business leaders, innovative thinkers, and industry frontrunners. You’re paying a large chunk of money to be a part of this club, so you will want to make the most of it.

If you choose to get your MBA, use it to take advantage of every networking opportunity available to you. Give your classes, your projects, and tests your all. Always remember that the time spent getting an MBA is not only valuable because it is two years of your life, but the time was also “bought” with the tuition you paid so plan to make the most of your time in and outside of class.

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Jim Raychrudhury is a freelance writer and passionate blogger who likes writing articles that cover business, career and lifestyle related topics. He has written numerous articles and contributed to several other blogs. When he is not writing, he enjoys spending time outdoors with his family.


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