Approximately 8% of America’s population have a master’s degree. This is a significant increase since the last decade. While a bachelor’s degree was very marketable back in the days, today this is not the case.
It is predicted that in the next few years, an Mba degree will be a requirement for at least 18% of all jobs. The reason being, the job market has become increasingly competitive and additional qualification is needed to remain relevant.
As such, to differentiate yourself from your colleagues, you have to have an Mba degree.
In this article, we are going to look at several ways Mba can help you thrive in your career.
- Specialized knowledge
An Mba offers specialized knowledge that will help you advance your career in so many levels. It also shows your potential employers that you are dedicated to enhancing your expertise. Focusing on a particular field of study allows you to remain competitive in your industry.
A master’s degree will help you build on your capabilities, advance your skillset, and allow for a seamless transition to an entirely new field.
- Career advancement
One of the easiest ways to transition into certain senior positions is through pursuing an Mba. Such designations are in managerial and other leadership positions.
Currently, most organizations see value in a master’s degree and prefer when their employees have it because they look to higher employees with advanced degrees.
- Potential higher pay
An Mba can significantly increase your salary. Organizations will pay higher for an employee with a master’s degree as compared to their colleague with a bachelor’s degree.
For instance, in the United States, a bachelor’s degree graduate will approximately earn $50,360 annually while their colleagues with a master’s degree will earn $68,064. This is a 35% increase in wage which is very attractive to a job seeker.
In certain fields like business, the gap between master’s graduates and those with lesser education is even larger.
Overall, it adds a significant boost in your paycheck and this should be motivation enough for undergraduates to continue and earn a master’s degree
- Lifelong learning
One of the key benefits of an Mba is that it improves your research, writing, and analyzing skills. As such, you become better at solving problems. Also, you will find it easier to tackle more complex assignments.
When you acquire a bachelor’s degree and decide to study to advanced levels, you are expanding your knowledge base, in preparation for a life of unending learning.
- Broadens professional network
Whether you study online or go to classes, in your locality or abroad, your classmates come from different industries as well as diverse backgrounds. You are connected to people from various professions; many of whom are doing well in their area of expertise. You may also study with industry leaders who can offer invaluable advice and provide much-needed industry networks.
All in all, an Mba degree is important whether under employment or an entrepreneur. It has a significant impact on career-path of our choice. Trust me; it is a worthwhile investment of your time and money that will yield great results.
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