Who doesn’t want to get the advantage, and all but guarantee their success in the professional world?
Ask any recent enrollee or graduate of business school what the purpose of attending is and all answers received are almost certainly going to revolve around success and stability. Going to college is supposed to help you to learn, but it also provides people with a set of credentials that cannot easily be duplicated.
There is plenty of discussion over whether it is worth it or not, as dozens of examples of highly paid professionals, like Richard Branson, are noted and even revered. The only information worth considering are the cold, hard facts.
Look at these four key points when exploring both educational options and long-term benefits.
1- Earning a Degree Leads to Steady Employment
Right out of college you can get a job pretty easily. This job could be with a fast food restaurant, as a cashier at a drugstore, or even as a salesperson working strictly on commission. Yes, you can create a career for yourself in the business world without a college education. Most of the time, successful business professionals spend a few years out in the working world, learning from more seasoned veterans as they traverse the business world.
The time spent working on the frontlines are usually lean times, rife with struggle. If you beat the odds and literally come out as one of a million, you can pat yourself on the back for beating the odds. Unfortunately, most business professionals who overlook the benefits of an online MBA program plateau rather quickly.
They generally find themselves with fewer options and can get stuck working for the same employer who took a chance on them right out of high school because their employment options become more limited the older they get.
2- College Graduates Make More Money
There is a lot of data out there that shows how much college degree holders earn over the lifetime of their careers versus high school graduates. Graduating from a top-ranked online MBA program means that you have earned a master’s degree, which can help you to negotiate an even higher salary.
Of course, job experience helps a lot when it comes to getting paid more. There are those who go into the workforce at 18 believing that getting years more experience helps to offset not having a degree, and sometimes they are right. On the other hand, working steadily doesn’t necessarily mean that you will be expanding your knowledge base.
You may be taught a particular task or even sharpen negotiation tactics and persuasion skills, but taking a course on psychology would generally be faster, and perhaps more effective.
3- Higher Education Options Can Be Affordable
The big reason that many people opt out of going to traditional college or earning an online MBA is because of the prohibitive cost. Getting a degree of virtually any kind can be very expensive, and for some, the idea of going into debt just isn’t worth it.
While on its face, getting a degree can seem like it is going to cost an arm and a leg, that isn’t the entire story. Scholarships can greatly reduce and even eliminate college woes. Grants also provide a lot of relief to college students. If you have a mind for business, you can figure out how to make going to college more affordable overall. Online MBA benefits are plentiful, especially when you find out how to make going to school less expensive.
4- Business School Explains Concepts That Are Not Easily Self Taught
Considering skipping over business school because you believe that you can teach yourself everything that you know about the business instead? For one, bypassing business school is going to take a lot of employment options off the table. You will probably never be promoted to the position of CEO without an online MBA or similar credentials. Second, learning about business administration on your own isn’t exactly as easy as it looks.
To understand the ins and outs of the business, you have to study up on capitalism, inflation, statistics, supply, and demand, and carefully analyze how different financial systems work on a global level. And remember, you can’t just glance quickly over each topic; you have to dig in, teach yourself the foundations and then be able to progress to more advanced understandings. The long story short is that people simply learn best when they are taught by those who firmly understand the subject material.
Going to school for business is necessary if you want to go further than middle management. If you want to own a company that has multiple locations and does business on an international level, it would also behoove you to earn an MBA. It could be years before your degree really begins to come in handy when starting a new career, but it is more likely that being a degree holder will aid you in achieving success faster than you ever thought was possible.